Carbon Pulse

Global carbon emissions from fossil fuels have reached a record high in 2024, according to new research by scientists who estimate a 50% chance that global warming will exceed 1.5C consistently in around six years.

A London-based carbon removal (CDR) marketplace has launched a category specifically for afforestation, reforestation, and revegetation (ARR), it announced Wednesday.

The approval of former Spanish ecology minister Teresa Ribera as the European Commission’s new executive vice-president in charge of competition and the green transition was delayed on Tuesday evening, amid calls for her to resign over the government’s handling of the deadly floods that hit the region of Valencia.

The Peruvian government on Tuesday published regulations to launch and operationalise its long-awaited national carbon registry.

The government of Barbados, an outspoken voice advocating global financial reform at the so-called 'finance COP', has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.

A Berlin-based regenerative agriculture firm has closed a $22 million Series A financing, marking the largest such funding round for an agtech start-up in Germany this year, the company said Tuesday.

Canada’s environment minister announced on Tuesday a new finance platform to mobilise climate-focused investments in vulnerable regions at the UN conference in Baku.

A Canadian carbon project developer has announced its third deal this month to expand biochar production.

A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.

South Korea and the UK announced multimillion dollar funding commitments to support international efforts to reduce methane emissions, while the US launched a fine of over $1,000/tonne on excess production of the greenhouse gas from the fossil fuel sector on Tuesday.

Carbon crediting methodologies may now be approved from mid-2025 following Monday's COP29 agreement on Article 6.4 standards, but technical details still need to be ironed out both in Baku and once the international market becomes operational, according to experts.

Emissions from flaring are more than double for 10 major international oil companies (IOCs) when including both operated and non-operated assets, compared to when assessing operated assets alone, a new report has found.

The COP29 summit's speedy Article 6.4 agreement was met with polarising reactions on Tuesday, with advocacy groups lambasting it as a distraction from genuine climate action while UN negotiators hailed its potential to unlock up to $250 billion in private climate finance by 2030.

Singapore-based Climate Impact X in January will be reinstating one REDD project and removing another from its nature-based standard contract.

A Brazilian think tank is creating a facility to enable investment around Brazil and the Amazon Basin, tackling nature-damaging illegal activity while exploring biodiversity credits, Carbon Pulse has learned.

Nitrous oxide (N2O) emissions have surged by 40% since 1980, driven mainly by agricultural practices, and are set to climb another 30% over 2020 levels by 2050 if left unchecked, according to a UN-backed report released on Wednesday at COP29.

Shell has won an appeal against a landmark climate ruling in the Netherlands that would have forced the oil and gas giant to radically cut back its greenhouse gas emissions, including indirect scope 3 emissions, to comply with the Paris Agreement.  

The UK will slash its emissions by 81% in the next decade under an updated Paris Agreement pledge, which many on Tuesday cautiously welcomed as a "shining example" of leadership at the start of tense COP29 negotiations while warning that it needs to be backed up with actual policies.

A US programme for improved forest management (IFM) carbon projects has published a report outlining the key steps developers must take to ensure the quality and integrity of their projects, tackling issues of additionality, permanence, leakage, and social integrity.

European carbon allowance prices were modestly lower at midday on Tuesday after early weakness tested a key technical support and gave way to to a steady rally along with the main energy markets.