Carbon Pulse

The US Department of Agriculture's Forest Services has announced $16.2 million to restore forest lands in tribal, state, and private sites in an effort to boost nature-based resilience to climate change, as part of its Landscape Restoration Programme.

Metsa Group has targeted triggering “systemic” international change in land management with the launch of a pilot to boost biodiversity across 650 hectares, Carbon Pulse has learned.

New offshore wind capacity expected to built in the Asia-Pacific (APAC) region between now and 2032 could abate around 650 million tCO2 a year, forecasts the Global Wind Energy Council (GWEC).

The UK government has committed £16 million to restoring peatland across 12 projects covering over 6,000 hectares collectively in England to help boost the nation's carbon sink.

European carbon prices moved in a narrow range in quiet trading as the market began to resume normal operations after the summer break and Monday's UK public holiday, while energy markets gave up some of Monday's gains even as workers at Chevron's Australian LNG operations prepared to strike.

Poland's largest utility PGE plans to spin off all its coal capacity by the end of the decade, heavily invest in wind and nuclear, and reach climate neutrality by the 2040, the firm said in a strategy update on Tuesday.

Two Europe-headquartered companies active in the removals space have announced Tuesday a partnership that will enable projects certified by one of the firms access to a large marketplace operated by the other, facilitating the trade of carbon removal credits between buyers and sellers.

A state government in India this year refrained from participating in the federal government’s annual palm oil plantation drive, saying it would hurt the state’s biodiversity while causing rising carbon emissions.

A new carbon offsets standard and registry focused on Asia launched in Singapore on Tuesday, eyeing the potential of urban- and technology-based solutions in the region, local media reported.

New Zealand needs to make a decision on how it intends to make up the 100-million tonne emissions shortfall to meet its 2030 climate, an analyst told a conference Tuesday, describing it as the elephant not in the room.

Vietnam and Singapore have signed a Letter of Intent (LoI) to operationalise their Article 6 partnership, which would pave the way for activating the trade of correspondingly adjusted carbon credits between the two Southeast Asian nations. 

A Southeast Asia-focused forestry fund by the world’s second-largest forestry asset manager has received investments from its two main shareholders, the investors announced Tuesday.

The New Zealand government has slashed spending on climate initiatives by some, NZ$236 million ($139 mln), as an International Monetary Fund report has thrown its support behind pricing agricultural emissions.

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

RGGI Allowance (RGA) prices inched upwards on weak volume as a combination of speculator interest in the power sector carbon market’s Third Program Review, positioning before next week’s Q3 auction, and weather kept current year prices above the $14 mark.

A Calgary-headquartered carbon credit marketing and project development company on Monday finalised its agreement to acquire the majority of a South American nature-based solutions firm.

Carbon credit prices continued to edge sideways amid a summer lull in liquidity that seems to have been exacerbated by anticipation of the ICVCM integrity initiative that will produce the first Core Carbon Principle-labelled credits in the fourth quarter.

India should rename some of its current fees and levies as carbon taxes to get a better deal under the EU's carbon border adjustment mechanism, instead of opting for flat refusal of the entire scheme, the CEO of Tata Steel has told local media.

Climate finance and more standardised, cross-border carbon markets are ways to better ensure a just transition, according to a policy paper released on the sidelines of the B20 Summit in India over the weekend.

Hong Kong-based climate startup Carbonbase has teamed up with two partners to launch a blockchain-based registry targeting small and medium-sized developers, which it claimed to be Asia’s first digital native carbon registry.