Carbon Pulse

More government guidance is needed to unleash demand for carbon credits from Japanese companies, despite Tokyo's recent efforts to support the development of the country's voluntary market, a conference heard Thursday.

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Canadian Prime Minister Justin Trudeau announced Thursday a temporary pause on carbon levies for home heating oil and a doubling of the revenue-neutral fee rebate for rural residents, in a move seen to bolster support for the federal Liberal government among residents of the Atlantic provinces.

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California Carbon Allowance (CCA) values rocketed to a new all-time peak after the WCI jurisdictions said they will present modelling of how slashing their cap-and-trade budgets could impact permit prices, while Washington Carbon Allowance (WCA) prices jumped early in the week despite the market remaining relatively illiquid.

The EU has put a particular emphasis on renewables and critical raw material's chains when mobilising €300 billion through its Global Gateway programme for developing nations, aid deals signed on Wednesday and Thursday showed.

The US Department of Energy (DOE) announced Thursday the allocation of $36 million for 11 marine CO2 removal (mCDR) projects across the country, as the agency expands its support for advancement of the nascent technology.

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A California-headquartered carbon solutions provider announced Thursday that it will offer clients access to carbon removal credits based on an array of project types in the latest version of its signature product.

The European Commission is open to feedback on which carbon removal methodologies it should focus on developing first, according to an official speaking on Thursday at the close of a two-day forum focused on designing blueprints to credit industrial carbon removals.

An agtech company has announced a major European expansion to increase sponsored farmland by over 500,000 hectares and enable farmers to generate upwards of 300,000 soil carbon credits a year.

Landbanking Group has launched a platform for buying improvements in nature over areas of land, with $11 million in financing from investors.

A foundation, largely funded by companies charging an internal carbon price to cover emissions, this year aims to almost double the number of projects it supports as an alternative to offsetting for beyond value chain mitigation.

An Italian environmental consultancy told Carbon Pulse that its public-private model can enable private sector finance to flow into improving biodiversity outcomes while ensuring cohesion with targets agreed under the Global Biodiversity Framework.

An analysis and consulting firm is to launch an interactive map showing the location of voluntary carbon forest projects around the world using data pulled from all major offset registries, as it hopes to provide greater visibility for verification bodies, regulators, and market participants.

A London-headquartered investor has secured the target figure of £300 million for its forestry and carbon credits fund at its final close, Carbon Pulse has learned.

European carbon prices broke below two key support levels on Thursday morning, though trading remained within a fairly narrow range as participants eyed tests of further support levels, while energy markets were little changed.

The cost of capital has risen making borrowing tough for developing countries, but a Harvard economist believes he has found a way to solve the issue by leveraging Article 6 in a novel way to build large-scale transmission infrastructure.

Japan’s environment ministry this week concluded the certification of 122 sites across the country as Other Effective area-based Conservation Measures (OECMs), its core policy to incentivise businesses to contribute towards the country meeting its 30 by 30 biodiversity protection targets.

Global carbon standard Verra laid out the next steps in its charm offensive at a conference on Thursday, as it works to reform itself in response to evolving expectations and standards from stakeholders.