Carbon Pulse

A major carbon credit project developer and trader in South Korea will get listed on a domestic exchange later this month, and plans to use IPO revenue to further expand its presence in the international voluntary market.

Norway may make its first purchase of international carbon credits under the Paris Agreement in 2024, as part of efforts to reduce emissions beyond what it has pledged in the 2015 climate pact.

A major Japanese trading house has established partnerships with two Malaysian companies for the potential operation of forestry projects in the Southeast Asian country, which could restore biodiversity and create carbon credits, it announced Monday.

The Food and Agriculture Organization of the United Nations (FAO) is approaching governments to ask them to account for the hidden $10 trillion environmental, social, and health costs of the food system in a report.

Australia’s Westpac on Monday announced it will end lending to the conversion of natural forest to agricultural land, as it became the nation’s first bank to release a natural capital position statement and pledge an ambition to become nature positive.

Woodside Energy has progressed to the next stage of a scheme by the Western Australian state government to encourage the private sector to earn carbon credits in exchange for funding conservation work.

The Australian parliament is set to pass the government’s legislation to allow the transboundary transport and underground storage of CO2, with the Liberal party joining Labor in support of the bill in the Senate.

An Australian flight booking website has posted a new record for the number of customers that have chosen to offset their flights and accommodation, but it is still microscopic compared to the overall number of bookings made on the platform.

National officials agreed recommendations on the design of the new climate loss and damage fund late on Saturday, though US objections could tee up problems when governments consider the plans at the year-end COP28 UN climate summit.

Developer Wildlife Works Carbon (WWC) has suspended three male employees after an internal investigation into sexual abuse, harassment, and exploitation of women at its Kasigau Corridor REDD project in Kenya, it said in a statement late Friday.

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

A marketplace for trading environmental assets has opened in South Africa to tap into the expected boom in carbon credit demand in the country where the units can put towards the national carbon tax.

Compliance players shed California Carbon Allowance (CCA) holdings as speculators did the opposite, while both entities reduced their RGGI Allowance (RGA) and Washington Carbon Allowance (WCA) net length, US Commodity Futures Trading Commission (CFTC) data showed Friday.

A monthly report by a carbon market analysis firm revealed lower expectations for California Carbon Allowance (CCA) prices, with Washington Carbon Allowance (WCA) values also expected to slide, while the outlook for RGGI Allowances (RGAs) remained the same.

Standards body and registry Verra on Friday halted issuances for both Kasigau Corridor REDD projects in Kenya, initiating an investigation into the activities after it was made aware of what it said were serious allegations of physical and sexual abuse.

A major US veterinary pharmaceutical company and an Indianapolis-headquartered startup announced on Thursday the verification of credits for sale through the latter's cloud-based platform.

The Brazilian federal government has submitted stronger Nationally Determined Contribution (NDC) targets to the UNFCCC, increasing the country's ambition to reduce emissions - the first official change to its national emissions plan since President Inacio Lula da Silva was elected in Oct. 2022.

The Council of EU member states is firming up its largely favourable position on whether to obligate oil and gas firms to fund the bloc’s CCS infrastructure as part of the bloc’s Net Zero Industry Act, with Denmark and the Netherlands wanting to include provisions that would also safeguard non-oil and gas ‘front-runner’ companies.

US tech giant Microsoft has stressed the need for other buyers to join its effort to scale up emerging technologies such as direct air capture and enhanced rock weathering through the purchase of carbon removal credits, with the company's removals portfolio executive stating that a group effort is required to scale up the industry and bring down costs.

The UK government has earmarked £65 million to invest in five pioneering projects aimed at heating homes by harnessing waste heat from data centres.