Carbon Pulse

The New Zealand government has outlined how it will spend its NZ$1.3 billion ($830 mln) in international climate finance, in a new strategy it says could potentially help pave the way for developing nations to set up carbon market mechanisms.

Frontier has announced a second request for proposals for the funding of global carbon removal projects, with DAC, synthetic biology, and ocean alkalinity enhancement schemes among its priorities in this round.

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

California regulator ARB presented opportunities for streamlining implementation and potential updates to verification and base crediting methodology of the state’s Low Carbon Fuel Standard (LCFS) in a public workshop on Thursday, asking for public input on the regulatory design changes under consideration prior to the start of the formal rulemaking process.

California Carbon Allowance (CCA) prices reversed course from two-month highs on a multitude of factors ahead of this week's WCI auction, while RGGI Allowance (RGA) values lifted after Pennsylvania provided a deadline for whether or not its 16 mln carbon permits will be included in the power sector programme's September sale. 

Voluntary carbon market projects in Peru will need to meet strict criteria to be accredited to generate emissions reduction units as the country tries to clamp down on concerns about double counting and criticism of hot air, according to draft regulations from one of the world's biggest suppliers.

*PREMIUM LISTING - This position is responsible for the analysis and communication of Canadian carbon markets, including both compliance and voluntary markets which will inform corporate strategy on a go-forward basis.

EP Carbonis seeking a technical manager to join our growing AFOLU carbon practice. EP Carbon, formerly ecoPartners, is a leader in forest and land-use carbon projects.

A sharp burst of selling drove EUA prices down by nearly €5 in just 50 minutes on Thursday morning, giving up most of the previous session's gains before stabilising after a positive auction result, while energy markets rose for an eighth day.

The Chinese government has outlined an implementation plan it believes would support low-carbon technology innovations, such as carbon capture, utilisation, and storage (CCUS) and nature-based solutions, laying the groundwork for the country to peak its CO2 emissions by 2030.

A Swedish biochar company is eyeing rapid domestic and international expansion of its carbon offsetting activities after being acquired by a local greentech business, it announced Thursday.

A corporate watchdog group has warned of a “feeding frenzy” by vested interests attempting to water down the strength of the Australian government’s Safeguard Mechanism reforms during its consultation period.

Facilities covered under the Australian Labor government’s revamped Safeguard Mechanism will likely have restricted, if any, access to international carbon credits despite tougher baselines, according to a consultation paper released Thursday.

The director provides technical support and guidance to country teams to set up robust forest-climate solutions, and coordinates the monitoring and reporting of forest climate solutions with a focus on carbon and biodiversity metrics.

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

The International Finance Corporation (IFC) and a group of carbon credit investors and fintech companies on Wednesday announced a new fund that will look to purchase VERs from “high-quality” nature-based credits and tokenise them on the blockchain.

The Quebec provincial government on Wednesday finalised its plans to cut the number free allowances that it distributes to the industrial sector under its WCI-linked programme from 2024.

Standards body Verra on Wednesday outlined a phased approach for VCS carbon credit projects to begin using its forthcoming consolidated REDD methodology, as the organisation aims to have individual avoided deforestation initiatives align with jurisdictional-level activity data.

A carbon credit rating agency has upgraded its grading for a high-yielding Verra-certified Indian renewables project, the first time an activity being placed 'on watch' has received a better score.

Scenario modelling by three major oil companies on their future greenhouse gas emissions fails to meet the goals of the Paris Agreement, according to peer-reviewed research published this week.