Carbon Pulse

A Singaporean tech company has potentially inked its first offtake deal for carbon credits as it seeks to develop over 5.3 million hectares of deforestation avoidance projects in Papua New Guinea (PNG) that are estimated to produce almost 159 million carbon credits annually, it announced Thursday.

European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.

A carbon markets advisory is helping companies become more informed and discerning when structuring their carbon credit portfolios, with the launch of a new platform offering due diligence on both compliance and voluntary offsets, and pricing data to help clients determine the fair value of credits, both now and in future, a conference heard on Wednesday.

Carbon credit standard body Gold Standard has announced it has joined several prominent companies and institutions to work on biodiversity crediting approaches, following other carbon standards that recently released draft methodologies.

Climate Impact X (CIX) has proposed adding another REDD project for inclusion in its daily benchmark assessment of the sector, at a time when over-the-counter brokers say the market is becoming more fragmented.

European carbon prices were marginally firmer in choppy Thursday morning trade, underpinned by a second strong auction in a row as participants continued to speculate over investment funds' likely positioning in the coming days, while energy markets were firmer amid gas supply interruptions in the North Sea.

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Four major global materials in the supply chain of construction firms have relatively low biodiversity impacts, though the built environment overall still rely on ecologically destructive processes, a UK industry-led members network said Thursday.

Chinese carbon permits continued to climb over the past week amid stable trading volumes, reaching a fresh record high on Wednesday ahead of a week-long holiday, with analysts expecting the growing momentum to continue to the end of the compliance period despite government measures to suppress prices.

While the link between global CO2 emissions and GDP growth is getting weaker, it has yet to decouple entirely, said a research note published Thursday.

A shift to a new and improved satellite monitoring system will likely raise fresh issues with the carbon crediting of Australian human-induced regeneration (HIR) projects, according to an expert.

A direct air capture company has joined forces with a carbon mineralisation firm to initially remove 500 tonnes of CO2 per year to be permanently stored in rock from a project in Oman, they announced Thursday.

One of Japan's major trading houses has teamed up with a software provider to help create millions of domestically issued forest-based offsets based on a 3D measurement system, it announced Thursday.

A French private investment house and nature-based carbon project developer have announced details of their plan to invest €1.5 billion in forest carbon projects that will sequester an estimated 150 MtCO2, the two firms said Thursday.

A US-based think-tank has suggested better ESG practices, lower emissions technologies, and practices to conserve biodiversity near mines could have far-reaching implications for social licence and ultimately mine permitting, leading to faster development of the critical minerals needed for the world to meet net-zero goals.

The Inter-American Development Bank (IDB) has become the first multilateral development bank to pilot a financing tool that rewards countries for achieving nature and climate goals, it announced Wednesday.

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California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.

The quality of carbon credits has become the uppermost concern for offset buyers in the voluntary carbon market (VCM) looking to defend their purchase decisions under the onslaught of scrutiny from stakeholders, according to a recent market survey. 

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