Carbon Pulse

Australia-headquartered asset manager New Forests is preparing to potentially generate biodiversity credits by gathering nature metrics across 37,800 hectares in three African countries, Carbon Pulse has learned.

Germany approved a draft bill Wednesday allowing carbon capture and storage (CCS) for emissions-intensive industries that cannot be electrified, excluding coal-fired power plants, and also plans to create a legal framework to develop carbon pipeline infrastructure.

Anglo-Dutch oil major Shell has dominated the voluntary carbon market (VCM) over the past six months, retiring 14% - or one seventh - of all credits retired between Nov. 2023 and April 2024, Carbon Pulse analysis has shown.

European carbon prices were little changed on Wednesday morning as the market digested the latest Commitment of Traders data that showed investment funds had cut their net short position to the lowest in seven months, while compliance companies slashed their short positions.

The International Monetary Fund (IMF) issued a new paper on Tuesday arguing that climate action delivers “sizable energy security benefits” for Europe while highlighting risks related to carbon pricing policies in coal-reliant Eastern EU countries.

Conservation efforts have largely failed to protect seafloor invertebrate animals, including worms, clams, and shrimps, which play a critical role in mediating the health of the ocean, a paper has said.

The Philippine government and a French land-based carbon project developer signed an agreement Wednesday to restore 90,000 hectares of degraded forest in the northwest of Samar Island’s natural park, in partnership with a local bamboo firm.

China has launched the Kunming Biodiversity Fund, with the signing of the new venture witnessed by Chinese environmental officials and UN agencies this week after first establishing the framework over two years ago.

The federal government on Wednesday introduced legislation to establish national environmental watchdog and information gathering bodies, but the move has been criticised by business and environmental groups alike, highlighting deep divisions in Australia's nature reform space.

The Science Based Targets Network (SBTN), a voluntary initiative for companies to set science-based targets related to their impacts on nature, has appointed an independent Accountability Accelerator to validate targets for an interim period of up to three years.

The New South Wales’ Environmental Protection Agency (EPA) is currently consulting on stricter guides and requirements for new projects emitting large volumes of greenhouse gases.

The UNDP and the Global Environment Facility (GEF) on Tuesday launched the Blue and Green Islands Integrated Program to scale up nature-based solutions in 15 Small Island Developing States (SIDS).

RGGI compliance entities held allowances well in excess of their Q1 covered emissions at the end of March, according to a report published Tuesday.

Ireland will fall short of meeting its national and EU greenhouse gas emissions reduction targets for 2030, even if it fully implements its entire suite of climate policies, the country has warned.

RGGI Allowance (RGA) prices receded from recent record highs with market participants framing positions ahead of next week’s second quarterly auction for the year.

A California state senate bill on 'durable' carbon dioxide removals (CDR), initially passed in 2023 but currently in revisions after failing to obtain Democratic Governor Newsom’s approval, has faced its strongest opposition from environmentalists who favour nature-based CDR, according to the aide who authored it.

The US Department of Energy (DOE), which will ultimately purchase $35 million worth of carbon dioxide removal (CDR) credits from project developers, announced the 24 awardees selected in its first phase of funding on Tuesday.

Giant voluntary carbon project developer and consultancy South Pole has appointed a former insurance heavyweight as the new chair of its board, with the move part of the Swiss-headquartered company’s business transformation plans.

A partnership between a clean cooking project developer and a carbon investor is prioritising countries that are ready to issue letters of authorisation (LOA) for the roll out of its new cookstoves, given the growing demand for Article 6-aligned credits.

The meat and livestock industry has been using fossil fuel companies’ techniques to erode EU efforts to address rising emissions from the sector, according to a new report by a climate non-profit.