Carbon Pulse

The federal government has announced 6 gigawatts of new variable renewable energy projects will go out for tender in May, as part of its Capacity Investment Scheme (CIS).

The government of Cote d’Ivoire has reportedly asked Dutch bank Rabobank to suspend its carbon credit origination activities in the Nawa region of the country, claiming that emissions reductions previously sold to buyers including Microsoft were state property and contracted to another party.

A Tanzanian project developer has signed an agreement with a local district council to implement a forest conservation scheme covering 250,000 hectares across 14 villages.

Guyana is the first Small Island Developing State to report on its climate action pledge under the Paris Agreement, acting ahead of the Dec. 31, 2024 deadline, the UN’s climate change secretariat announced Friday.

The EU is allocating €28.5 million in investments towards small-scale industrial CO2 removal and CCUS projects as part of its LIFE programme, a bloc-wide initiative for funding environmental and climate actions.

The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.

The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation's dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.

Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.

A CO2 pipeline developer is being taken to court by one of its suppliers for terminating their agreement, amid increasing opposition from permitters and stakeholders that has delayed construction of a major US project.

International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.

With its certification for emissions' removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.

The Science Based Targets Network (SBTN) has launched a corporate pilot to develop the first scientific targets for seafood value chain impacts, ahead of the full roll out in mid-2025.

Social Carbon has opened a consultation on proposed updates to its standard for crediting voluntary projects, as well as the requirements for validation, monitoring, and verification, as it seeks to align with the ICVCM.

A fund for investing in projects that contribute to reaching global biodiversity targets has been launched by an environmental impact platform and a payments network.

Peatland could generate voluntary biodiversity credits for sale in combination with carbon credits in the UK next year under Peatland Code proposals launched this week.

The Clean Energy Regulator has written to entities covered under the Safeguard Mechanism raising concerns that they are not implementing strategies fast enough to meet their compliance obligations ahead of the February surrender deadline, a source has told Carbon Pulse. 

European carbon prices started the day sharply higher on Friday morning as traders reacted to the overnight attack by Israel on Iranian facilities, before falling back as markets appeared to price in a de-escalation of tensions in the region.

A German climate technology firm has entered a partnership in the US to create biochar carbon removals from wastewater sludge disposal.

India is seeking an exemption from Britain's planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.

The International Advisory Panel on Biodiversity Credits (IAPB) has launched its second consultation on the emerging biodiversity market, seeking to gather views on possible basic models.