Carbon Pulse

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.

A regional government in England has launched the country's first local nature recovery strategy, eyeing nature markets to mobilise private financing towards biodiversity conservation and restoration activities.

Indonesia on Tuesday launched a Mutual Recognition Arrangement (MRA) to formalise bilateral carbon trading, with Japan the first nation to sign up and others expected to follow.

Singapore on Tuesday announced it will commit $500 million in concessional funding to its Financing Asia’s Transition Partnership (FAST-P), as it laid out the next steps of its plan for coal power plant transition credits.

A group of three organisations have launched an ocean fund to enhance efforts for protecting 30% of Southeast Asian seas by 2030, seeking to catalyse conservation actions in one of the world's most biodiverse marine regions.

More and more buyers in the voluntary carbon market (VCM) are moving towards offtake agreements and increasingly buying to retire rather than resell, new data seen and analysed by Carbon Pulse suggests.

A state-backed Saudi company created to scale up the voluntary carbon market (VCM) in developing countries launched Saudi Arabia’s first voluntary carbon market exchange platform on Tuesday on the sidelines of COP29 in Baku.

China can reduce huge amounts of methane at a profit with the greatest short-term potential available in the energy sector, though the long-term abatement outlook will depend on government support for agriculture to explore its mitigation opportunities, according to a recent study.

A newly released platform will connect biochar startups with investors, financiers and buyers looking to purchase carbon credits.

It is Day 2 at COP29, the start of the two-day World Leaders Summit. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

One of the largest securities firms in South Korea has secured a new biochar contract that could reduce emissions from the livestock sector, as it aims to make a foray into the international voluntary carbon market.  

With the global carbon budget for a 1.5 C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.

Economists and forestry researchers are working with Verra to develop a framework to better account for the full extent of forest carbon leakage in Improved Forest Management (IFM) projects, including the market-based responses of the global timber market.

RGGI Allowances (RGA) rallied briefly back above $24 post US election results last week, but gave back some gains as market focus returns to clarity on proposed programme changes.

A barrage of developments has come out of Brazil in the week ending Nov. 10 as carbon market observers wait with bated breath for congressional ETS approval this week, setting the stage for a dynamic first week at COP29 in Baku, Azerbaijan.

A bipartisan trio of US House Representatives on Friday introduced a bill to extend a biofuels tax credit by a year as producers await guidance on a key incentive.

National renewable targets will lead to a doubling of global capacity by 2030, far from the goal of tripling the total that was agreed one year ago at the COP29 climate conference.

The political push to massively electrify energy systems risks making them more vulnerable to climate change, said the chief transition officer of the Flemish distribution system operator (DSO) at an event in Brussels.