Carbon Pulse

A project developer has partnered with a social enterprise to set up one of Southern Africa’s only agricultural soil carbon projects under Verra's Verified Carbon Standard, it announced Monday.

European carbon prices were modestly stronger at midday on Monday, supported by a firm gas market where speculation is growing that storages may not reach tank tops before the coming winter, leaving room for additional demand.

South Korea on Monday formalised its Article 6.2 partnership agreements with Vietnam and Uzbekistan, and signed contracts for four new projects that will generate more than 10 million international carbon credits under the treaty.

A $250 million programme for financing renewable biological products in the Amazon has been announced by the Inter-American Development Bank (IDB) and Banco do Brasil.

An Indian carbon project developer on Monday saw its share value drop by 10% on the BSE after posting $4 million in losses in the June quarter.

Japan will start talks with Malaysia to store its captured CO2 in the Southeast Asian country from 2028 as part of Tokyo's broader decarbonisation strategy, Nikkei has reported.

Traders and brokers have increased their holdings of Australian Carbon Credit Units (ACCU) by some 20%, a regulator report shows, in anticipation of a tightening market following the recent Safeguard Mechanism reforms.

Three soil carbon projects have been issued close to 100,000 Australian Carbon Credit Units (ACCUs), with one of them receiving almost the entire amount, according to the Clean Energy Regulator’s latest update Monday.

Indian government officials are considering taxing exporters to the EU for their carbon content to ensure that costs tied to the Carbon Border Adjustment Mechanism (CBAM) stays in India, according to media reports.

New Zealand’s Labour party will set separate targets for gross emissions reductions and CO2 removals, limit exotic afforestation, and develop a regulatory framework for the voluntary carbon market if it returns to government at next month’s elections, it announced Monday.

CMI is looking for someone to lead the delivery of services as Administrator of the Australian Carbon Industry Code of Conduct (the Code).

A daily summary of our news plus bite-sized updates from around the world.

Honduras will target international sales of Article 6-compliant REDD+ credits, due to be issued next year, at a price of at least $25/tonne, the country's environment minister confirmed to Carbon Pulse on Thursday, and is already in discussion with buyers to complete transactions in 2025.

Financial players pared back their California Carbon Allowance (CCA) and RGGI Allowances (RGGI) net length over the week, as Washington Carbon Allowance (WCA) futures and options holdings became available for the first time, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Proving marine CO2 removal in the field is necessary to scale the nascent technology, but further private sector funding and government support are needed for the development of research, expert panel says.

Legislation outlining regulation of the voluntary carbon credit market passed Paraguay's Senate this week by a significant margin following a number of amendments, and now goes to the country's Chamber of Deputies before it can become law.

EU energy ministers are due to meet on October 17, aiming to get closer to a deal on a divisive reform of bloc's electricity market design that has gotten bogged down partly due to a row over whether to extend capacity payments for coal power. 

California Low Carbon Fuel Standard (LCFS) credit values rebounded on Thursday from a six-month low set earlier in the week after a major electric vehicle manufacturer reportedly stopped selling units.

The Taskforce on Nature-related Financial Disclosures (TNFD) must “urgently” consider metrics beyond MSA, an executive at environmental consultancy Ramboll has said, while suggesting that Britain's net gain mechanism offers a more robust approach. 

A carbon credit rating agency has warned against a headlong rush into commoditising carbon credits as the ICVCM prepares to tag the first categories of unit with its CCP integrity label, which is expected to reassure corporates that each credit is worth a tonne of C02.