Carbon Pulse

Turkiye’s ETS will see installations required to report their emissions in 2025, and purchase allowances in 2026, the country’s deputy director of climate change told Carbon Pulse at COP29, where the country also presented its long-term strategy for how it plans to hit carbon neutrality by 2053.

A developer of clean cooking and clean water projects in Rwanda and Ghana expects to achieve its first letter of authorisation over the next few months to begin trading carbon credits under Article 6.2, and is in advanced talks with multiple international governments, its CEO told Carbon Pulse.

Ghana has announced a step forward under its agreement with Singapore on carbon markets by operationalising the digital trading and settlement of ITMOs under Article 6.2, according to a Wednesday announcement.

European carbon prices dipped on Wednesday morning, even as the weekly positions data showed that investment funds cut their bearish bets to the smallest in more than a year, while natural gas prices struggled amid reports that additional supply may soon be finding its way to Europe.

South Pole has announced the appointment of a new chief risk officer, hailing from a global bank, who will join the company in the new year.

Verra and the government of Amazonas have signed a memorandum of understanding (MoU) Wednesday on the sidelines of COP29 to collaborate on strengthening the Brazilian state's engagement with carbon markets.

A Germany-based nature tech company raised €1.6 million in pre-seed funding to scale its automated biodiversity monitoring platform, it announced on Wednesday.

South Korea’s latest monthly CO2 permit auction was again oversubscribed with an increase in the clearing price, while sentiment in the spot market continues to improve partly due to the relaxation of the carryover rules. 

The world’s leading companies are eyeing nearly $5 trillion in potential gains from climate action, more than doubling since 2018, according to analysis released Wednesday.

Australia’s Clean Energy Regulator has registered the nation’s second blue carbon project, which restores and enhances blue carbon ecosystems at a site that is part of a vast network of crucial habitats for migratory birds across East Asia and the Pacific.

Over 40% of reef-building coral species are at risk of extinction worldwide, according to a new assessment released Wednesday during the ongoing COP29 climate summit in Azerbaijan.

A survey of over 100 companies has underscored the willingness of investors in carbon markets to pay strong premiums for Article 6-aligned credits.

Japan is preparing to add an offset methodology for direct air capture (DAC) projects to its national voluntary J-Credit programme. 

It is Day 3 at COP29, the second day of the World Leaders Summit. Parties are beginning to solidify positions on the new climate finance goal, expected to be the headline outcome of this year's UN climate event, though conflicts are also bubbling linked to the wider, tense political and diplomatic context. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.

Singapore’s Economic Development Board (EDB) has launched a pilot grant programme to support companies in the city-state developing early-stage carbon projects that could generate high-quality credits under Article 6.

The Biden administration and the National Oceanic Atmospheric Administration (NOAA) released a federal strategy for accelerating marine CO2 removal (mCDR) research on Tuesday.

A federal appeals court on Tuesday determined that the White House environmental council lacks authority to enact rules under the National Environmental Policy Act (NEPA), overturning decades of regulatory practice.

Several key energy and climate plans - including hydrogen-ready gas-fired power plants and carbon capture utilisation and storage (CCUS) projects - face uncertainty in Germany as the country prepares for a snap election on Feb. 23, 2025.

The federal government plans to tax the carbon tax rebate still owed to small businesses five years into Canada’s federal carbon levy, a non-profit said Tuesday.