Carbon Pulse

A pair of carbon capture firms on Wednesday announced they will pilot an ocean-based CO2 removal facility in Canada as they seek to validate the technology for roll-out across the country.

A UK-based climate technology company on Wednesday revealed the availability of its first batch of forward carbon credits derived from its hemp farming methodology, with the platform imposing several buyer restrictions to foster greater internal GHG abatement.

Canada on Wednesday announced it would commit C$450 million ($340 mln) to the 2023 replenishment of the Green Climate Fund (GCF), but is only the fifth country to do so in the current round of funding as negotiations around climate finance grow tense and threaten to hinder wider UN negotiations this year.

Around two-thirds of globally listed companies are exposed to ocean-based risk in the trillions of dollars over the next decade, according to an expert speaking during a webinar on Wednesday.

The number of climate-related shareholder resolutions globally has continued to rise during 2023’s proxy voting season, though there has been a slight decrease in the appetite to actualise these proposals, according to a new report.

European prices advanced for a fifth day early on Wednesday, with light trading in a relatively narrow range as the market continued to track two technical levels, while energy prices dropped for a third day to further weaken the recent strong link between carbon and gas prices.

The European Parliament on Wednesday voted to adopt a position on a bill to restore at least 20% of the bloc’s sea and land areas by 2030, rescuing the divisive text after many right-leaning members had fought to kill it outright.

After years of waiting, Australian carbon project developer AgriProve Solutions has been issued Australian Carbon Credit Units (ACCUs) from one if its hundreds of soil carbon projects, it announced Wednesday.

New Zealand's Cabinet has approved a rule change to the country’s emissions trading scheme to recognise all forms of carbon sinks for carbon credit generation, rather than just forestry, although it will be sometime before it is implemented, Climate Change and Environment Minister James Shaw has told local media.

A Japanese climate start-up has secured an exclusive offset sales partnership with Ecosystem Regeneration Associates (ERA), a Brazilian company that offers carbon credits through biodiversity conservation projects.

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

A donation of 2 million carbon credits made last week by a Belarusian group to kick-off trade on Zimbabwe’s new carbon exchange has been reportedly revealed to be comprised of banned Russian offsets, in a development that could further deter climate-related investment in the African nation.

South Korea aims to sequester nearly 30 million tonnes of CO2, or 21% of the emissions reductions target, by 2027 through forestry projects both at home and abroad, including buying around 1 mln REDD+ credits annually.

The spot price for Australian Carbon Credit Units (ACCUs) dropped to a near two-year low at market close on Monday before rallying sharply Tuesday off large credit volumes changing hands.

US forests absorb 13% of the country’s annual greenhouse gas emissions. Implementing ‘climate-smart’ practices could increase this, but according to a new study, reliable tracking and quantification are needed to encourage adoption.

*PREMIUM LISTING - Verra is looking for a Senior Program Officer to conduct remote sensing (RS) and geographic information system (GIS) analyses mainly related to REDD+ (reducing emissions from deforestation and forest degradation, and sustainable management of forests and the conservation and enhancement of forest carbon stocks) activities.

The US EPA on Tuesday issued a final rule governing the next phase of the agency’s programme to wind down the use of high global warming potential HFC gases, including the allocation methodology for giving tradable allowances to regulated entities.

Innovative solutions, a focus on quality, and local investments and partnerships could improve Canada’s ambitious 2 Billion Trees programme that was found falling well short of its targets and 2031 forecast goals at its first audit, experts told Carbon Pulse.

The UAE has revised its Paris Agreement emissions pledge, with the host of the upcoming COP28 UN climate summit setting an absolute GHG cut goal for the first time while flagging plans for an emissions trading mechanism.

Certifier Gold Standard has paused issuances of carbon credits from projects based in Zimbabwe until it learns more about the government’s plans to take revenue from such activity.