Carbon Pulse

South Africa will receive €500 million in concessional loans from German development bank KfW to undertake a low-carbon transition of its coal-based power sector and promote long-term energy security, the German government confirmed in a statement on Friday.

A Namibian biochar project has become the first in Africa to be awarded carbon removal credits under the European Biochar Certificate (EBC) C-Sink Standard, with its Germany-based developer intending to establish six projects in the nation by next year.

Allowing soil carbon credits to be surrendered during the initial phases of ICAO’s CORSIA scheme for international aviation would be premature due to the project type’s lack of MRV standards and a “realistic, defensible” baseline for estimating emissions, a US-based green group has claimed.

The European Parliament’s agriculture committee is planning on proposing several farming practices for the EU’s Carbon Removal Certification Framework on Nov. 21 as part of the bill’s full Parliament vote, though several sources don’t expect the changes will be voted through, as the Council of member states adopted its own negotiating mandate on Friday.

The UN body responsible for shaping the rules for carbon crediting under Article 6 of the Paris Agreement adopted its carbon removals recommendations on Friday, a day after agreeing wider methodological guidance, with the text described as "general" and "technology-neutral" by observers and leaving a significant amount of additional technical work for the future.

A further attempt to reform the controversial Energy Charter Treaty (ECT) is likely to fail again at its annual meeting next week despite multiple EU nations announcing they will leave the pact due to its incompatibility with the bloc’s climate law, an environmental think-tank warned on Friday.

A Dubai-headquartered mangrove restoration firm is exploring the potential for blue carbon in Vietnam, after signing an MoU this week with a jurisdiction in the Southeast Asian country, the company has confirmed to Carbon Pulse.

The market potential for using bamboo manufacturing offcuts to produce carbon credit-generating biochar is heating up, as an increasingly attractive option for developers already generating nature-based removal credits from fast-growing bamboo plantations with excellent CO2 sequestration ability.

European carbon prices rallied modestly after Thursday's steep plunge amid a decline in selling interest as activity calmed ahead of the weekend, while energy markets weakened as the demand outlook remains lacklustre.

A removals buyers club has sealed its first offtake contracts with direct air capture (DAC) startups for the future delivery of a units totalling over 70,000 tonnes, the initiative announced this week.

Prices in China’s CO2 allowance market over the past week continued to drop even with robust trading activity ahead of the primary compliance deadline, while the offset market saw a string of new policies to support the relaunch of the voluntary programme.

The vast majority of countries overlook or insufficiently involve Indigenous people and local communities (IPLCs) when drawing up biodiversity action plans, despite a large body of evidence that including them makes for far more effective nature conservation strategies, a report has found.

Chinese regulators have published three supplementary rules for offset trading and new projects registered under the country's national voluntary scheme, a move considered essential for participants to get engaged in the undersupplied market.

The Bezos Earth Fund has granted a third donation of $30 million to the US National Fish and Wildlife Foundation (NFWF), earmarked for protection of threatened longleaf pine forests and Northern Great Plains grasslands.

A New Zealand study has revealed how much organic carbon is stored in marine sediments off the country’s waters and how vulnerable it is to disruption from bottom trawling.

The resource state of Western Australia has announced a raft of new measures to incentivise hydrogen, CCUS, and renewable energy projects in a bid to gear up its energy transition and cut carbon emissions.

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The Washington Department of Ecology (ECY) on Thursday hosted a Q&A session to discuss the potential request for legislation required to facilitate linkage between the state’s cap-and-invest scheme and the joint California-Quebec cap-and-trade programme.

A joint California-Quebec workshop Thursday regarding potential changes to the cap-and-trade programme heard clarifications about modelled CO2 permit prices, as staff responsible for regulation of the joint market also presented their rationale regarding considerations for changes in market mechanisms.

A list of 46 countries and their provisional baseline validity periods for Avoiding Unplanned Deforestation (AUD) projects was published by standards body Verra accompanying a Request for Proposals (RFP), and the organisation wants REDD developers to review the new timeframes.