Carbon Pulse

The 21 members of a UK-France government-initiated panel aiming to galvanise international biodiversity credit markets have been announced.

A group of environmental finance organisations have set out a vision for high-integrity marine natural capital markets for the UK in a new consultative report, which they hope will help close an estimated funding gap close to £50 billion for marine ecosystems.

UK technology companies could spend less than the cost of a pint of beer on every employee per week to become one of the top 100 companies in the country for emissions mitigation, according to a survey published on Wednesday.

European carbon prices were slightly weaker on Wednesday morning as traders absorbed Commitment of Traders data that showed a small decrease in the net short position of investment funds, but several participants questioned whether this would be sufficient to trigger another short squeeze.

An emerging Republic of Ireland peatland standard aims to address biodiversity credits before the end of 2025, a sustainable finance non-profit has said.

Market actors have expressed major concerns about the UK's nature market direction, as biodiversity rules for the planning and development sector have been delayed by the UK government with no fixed date for its implementation.

Global shipping needs swift action and collaboration to decarbonise in order to tackle growing emissions and regulatory uncertainty and ensure a just and equitable transition, according to a UN report released Wednesday.

Iceland has agreed to buy 3.4 million sovereign carbon units from Slovakia in order to fulfil its legally-binding obligations under the Kyoto Protocol’s second commitment period (2013-20).

A report published Wednesday has set out 12 guidelines for policymakers to ensure that the scramble to scale carbon removals technologies such as direct air capture does not slow down much-needed emissions reductions.

A group of five companies and organisations has launched an accelerator to attract investment in high-quality biodiversity projects across Africa, with a first call for proposals open until late next month.

One of China's leading tech firms has agreed to buy salt marsh-based carbon credits under a regional scheme, the first of its kind in the country, amid rising interest among domestic developers in the emerging blue carbon market.

Ammonia is likely to become a favoured method of transporting hydrogen, and export and import capacity to move it around will grow exponentially in coming decades, according to a report released Wednesday.

The climate envoy of the United Arab Emirates this week concluded an official visit to Japan ahead of COP 28 in November, as the two countries aim to strengthen their partnership on energy security and climate finance.

The world's first Shariah-compliant voluntary carbon market opened trading this week, attracting large players but modest volumes.

The expected gap of NZU supply versus demand is expected to grow wider and sooner than previously predicted, before contracting, according to new figures from New Zealand’s Ministry for Environment.

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

An initiative backed by 170 food and beverage companies and farmer cooperatives worldwide on Wednesday committed to a new framework for regenerative agricultural practices that they said will improve soil health, support biodiversity, and mitigate and adapt to the impacts of climate change.

Three offset standards have once again sought eligibility to supply units eligible for the next phase of UN body ICAO’s global aviation offsetting scheme CORSIA, according to documents published Tuesday.

RGGI Allowance (RGA) prices vaulted above the 2023 Cost Containment Reserve (CCR) trigger price on Tuesday afternoon and set a new all-time high in the process, following officials from the power sector cap-and-trade programme discussing the finer points of recent modelling to tighten the scheme.

After marathon deliberations, a Colorado regulatory body approved rulemaking late Friday for a market-based programme with facility-specific emission reductions from large in-state manufacturers, adopting amendments from business leaders and a longer lead time for the regulations to take effect.