Carbon Pulse

Two partnerships for providing insurance on carbon credits were announced Thursday, with both intended to help provide financial and reputational security on transactions and scale investment in the voluntary carbon market (VCM).

Carbon credit issuance from the big four registries tumbled in September to their lowest in at least a year, amid single digit prices for avoidance credits coupled with the limbo created by the ICVCM’s launch of its assessment framework for Core Carbon Principle eligibility.

The EU's compliance carbon market will need an estimated 200 million tonnes of carbon removals by mid-century to cancel out residual emissions in the mechanism, analysts said Thursday, based on a modelling of the 'least cost' way to meet the bloc's 2050 net zero target.

EU legislators failed to advance past initial exchanges in their first attempt to finalise the bloc's divisive nature restoration bill on Thursday, instead asking officials to craft compromises in an effort to break an impasse. 

The UN's Green Climate Fund (GCF) has secured $9.3 billion in pledges across 25 countries with a large proportion announcing cash at a high-level event in Germany on Thursday, though the total remains below each of the previous two fundraises.

European co-legislators reached a provisional political agreement on Thursday to phase out by 2050 fluorinated greenhouse gases (F-gases), in a bid to set higher environmental standards for the rest of the world.

Investor and advisory firm Pollination has identified a series of areas where the fledgling, but fast-evolving biodiversity credit market needs or is likely to see significant developments in coming years.

Almost a year after the scheme was officially launched, Australian carbon project developer GreenCollar has announced the very first issuance of its NaturePlus Credits, which it hopes to establish as a leading global biodiversity credit type.

Ukraine's environment minister has told domestic media sources that the country must adopt a law on a national ETS as early as next year, with an aim of introducing it in 2025, to avoid any negative impact on Ukrainian exports linked to the EU's carbon border adjustment mechanism.

The private sector-led Integrity Council for the Voluntary Carbon Market has named a new interim COO to succeed William McDonnell, who will join Insurance Australia Group as its new CFO.

EUAs retraced on Thursday after the prior session's gains, with energy prices also moving lower across the morning, as markets shrugged off reports that further LNG strikes at key Australian export terminals may lie ahead.

The full European Parliament approved on Thursday the designation of Wopke Hoekstra as commissioner for climate action and Maros Sefcovic’s new role as executive vice-president in charge of the Green Deal.

Taiwan has eased a set of management rules for greenhouse gas (GHG) inventories to expand its of third-party emissions accreditation and verification capacity, amid growing domestic concerns over the impact of EU's carbon border adjustment mechanism (CBAM).

Regen Network has established an environmental stewardship credit class for sheep grazing on vineyards, with a first batch of units issued to an estate in California.

Two ratings agencies in India have downgraded the country’s biggest carbon developer’s ratings after it recently filed losses for a second consecutive quarter.

Global emissions rose 0.2% in the first half of the year despite higher solar and wind penetration thanks to drought conditions hampering hydropower generation and pushing more fossil fuel-generated power into the grid.

A Singapore-based bank has partnered with a tech firm to develop a platform to aid smaller companies in more easily being able to measure their carbon footprints.

A group of pension funds announced Thursday an acquisition of a 170,000-hectare plantation forestry estate in Tasmania, Australia from a global forestry group.

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

The Australian government has decided to rejoin the Green Climate Fund and will make a “modest” contribution toward it, which will be announced at the end of the year, an official told Carbon Pulse.