Carbon Pulse

The provisional EU nature restoration bill has overcome opposition from agriculture lobbyists, lending a “ray of hope” to the bloc's environmental future, following approval from the European Parliament's environment committee (ENVI).

EU co-legislators reached a provisional political agreement to revise existing legislation on harmful industrial emissions across the bloc, striking a deal in the early hours of Wednesday that widens obligations to include more farmers and miners but not methane-intensive cattle rearers. 

Companies representing around 60% of the world's shipping market on Wednesday launched an emissions-saving alliance to raise the standard temperatures for transporting frozen foods, citing research that suggests food safety would not be impacted.

The UK government will lay biodiversity net gain (BNG) before parliament on Nov. 30 in a step towards making the law mandatory, it announced among a raft of nature-related pledges.

An Israel-headquartered direct air capture startup, backed by several oil majors as well as the Frontier removals buyers' club, has launched a pilot for its electrochemical dual-cell system, which it hopes will help drive carbon credits generated using the technology below $100/tonne.

A US-based non-profit has updated its carbon inventory statistics and maps for forest and non-forest lands globally in its overhauled tool, which it says will support country efforts to create stronger, more accurate deforestation policies.

REDD+ standards should not only include technical and scientific aspects developed in the Global North, but also contributions and experiences of the inhabitants of the same territories where these standards will be implemented, writes Gustavo Sanchez of the Mexican Network of Rural Forestry Organizations and colleagues representing other Indigenous peoples and Local Communities.

European carbon prices fell to a new 13-month low in early trade on Wednesday before gaining some support as data from futures exchanges showed that investment funds had built a record net short position, while energy markets slumped for a fourth day.

US tech giant Amazon is increasing its investment in the vast rainforest after which it is named through two new agroforestry projects, in an effort to meet its 2040 net zero pledge and promote projects that meet a new standard, company representatives told Carbon Pulse on Wednesday.

Hosts UAE plan to push voluntary carbon markets (VCM) at COP28, with regional involvement likely to ramp up at the summit, announcements expected on new and existing crediting initiatives, and stakeholders anticipating preparations for the convergence of private-sector markets and government ones under the UN Paris Agreement's Article 6, in light of a rising number of international bilateral trade agreements and a wider drive towards raising integrity.

Policymakers around the world have made progress this year on improving energy efficiency, but this is not moving fast enough to meet climate targets, the IEA said in a report published on Wednesday.

Switzerland-headquartered Holcim on Wednesday announced a three-year partnership with IUCN to strengthen their environmental cooperation, including plans for the conservation group to validate Holcim’s biodiversity baseline.

New York-based exchange provider Nasdaq on Wednesday launched a new technology it said can securely digitalise the issuance, settlement, and custody of carbon credits to pave the way for institutionalising the global emissions market, with its own carbon removal standard the first to sign up.

A cross-sector alliance that aims to revitalise Japan's carbon credit market is planning to launch a carbon exchange next spring, it announced Wednesday.

A Malaysian state government has signed off on allowing one of its local oil companies 1.32 million hectares (3.2 mln acres) for carbon capture and storage, local media reported Wednesday.

Global beauty product brand L’Oreal is partnering with the Great Barrier Reef Foundation (GBRF) to pioneer a methodology to calculate the value of coral reef biodiversity and support the deployment of heat-tolerant corals, the latter announced Wednesday.

South Korea has activated a temporary price floor in its domestic emission trading scheme (ETS), as the government aims to stabilise the sagging prices in the oversupplied market for the remainder of the year.

Australia could be under-reporting its coal mine methane emissions by more than 80%, according to a report released Wednesday.

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A daily summary of our news plus bite-sized updates from around the world.