Carbon Pulse

The market for nature-based carbon solutions is likely to grow to as much as $250 billion a year in the next decade, with an increasing focus on combining natural carbon sinks with technology-based removals expected to help drive the voluntary market to as much as $1.5 trillion by 2050, according to a new report.

Investor TPG Rise Climate on Thursday announced it has acquired a majority stake in UK-headquartered refrigerant capture company A-Gas, allowing it to gain a stronger footing in the US carbon offset market.

A carbon credit ratings agency has partnered with research institutions on a European Space Agency project to assess impact of wildfires on the carbon cycle, the company announced on Thursday.

The Science-Based Targets initiative (SBTi) signalled a significant increase in validated corporate climate targets in its 2022 annual report, but flagged a lack of full coverage with progress reporting.

Progress is being made to advance the fledgling market for blue carbon through dedicated methodologies and capacity building efforts, yet more could be done to enable project developers to access the carbon markets more effectively and to scale projects faster, say industry experts.

Financial institutions are failing to account for nature-related dependencies and risks in their decision-making, according to a report published Thursday.

European carbon prices rose for the fifth time in the last six sessions on Thursday, climbing to their highest in 13 days and shrugging off the weakest auction in seven weeks as buying activity picked up slightly, while energy markets continued to consolidate amid uncertainty over LNG supply in the coming weeks.

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A UK-based charity has purchased land in Alentejo, Portugal with a vision to transform it into a rewilding project and sanctuary for former circus elephants.

Japan’s environment ministry has identified four projects under the bilateral Joint Crediting Mechanism (JCM) that it will subsidise in order to secure carbon credits to realise the country's Paris Agreement target, it announced Thursday.

Finding governing models and funding mechanisms to effectively address the ongoing nature crisis will be the main focus when the Global Environment Facility (GEF) next week holds its four-yearly assembly in Vancouver, Canada.

A European climate tech investment marketplace for the agriculture industry is to generate 250,000 carbon credits in Europe next year from sustainable farming carbon projects, it said Thursday.

Oil and gas exploration is not going anywhere, however capital discipline and environmental, social, and governance concerns will see greater focus by companies and a ceiling for spend, analysts have found.

Two Australian companies have signed a A$1.45 million ($928,000) data and tech sharing agreement that will help measure primary production land for carbon and biodiversity projects.

Japanese trading house Mitsui has invested in a US-based project developer to help accelerate the promotion of regenerative agriculture as part of its growing involvement in the global market for nature capital, it announced Thursday.

Australian supermarket chain Woolworths Group has teamed up with a research thinktank to co-design a pilot programme to test incentives for farmers to measure their natural capital in supply chains.

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California regulator ARB on Wednesday gave further insight regarding the start of its formal rulemaking to amend the Low Carbon Fuel Standard (LCFS), with opportunities for public comment in advance of the release of the draft package. 

The first-ever Allowance Price Containment Reserve sale in Washington state’s WCI-modelled cap-and-trade programme sold all permits in both tiers, according to results published Wednesday.

The expansion plans of an Australian coal company could create the equivalent of 100 MtCO2e of GHG emissions from proposed and existing mines, according to new analysis published Thursday.