Carbon Pulse

The Smithsonian Tropical Research Institute (STRI) has received a $12 million grant from the Bezos Earth Fund to support an international system to independently ensure the accuracy of satellite monitoring of forest biomass.

Zambia is following in the footsteps of other African nations and will regulate its carbon market and take a share of revenues.

The EU will need additional investments of over €620 billion annually will be needed to meet its climate and energy security objectives, the European Commission said in a report on Thursday, flagging that the private sector will need to meet the bulk of the funding and stressing the importance of ETS revenues.

Portugal is considering linking its yet-to-be-launched domestic voluntary carbon market (VCM) with that of Spain for liquidity purposes, a government official told a conference on Thursday.

South Pole has taken a stake in a start-up tracking and trading platform that specialises in the procurement of hourly matched renewable energy certificates.

Carbon credit certifier Gold Standard has released a new methodology for projects that reduce methane emissions from rice cultivation, five months after a popular UN protocol was embroiled in controversy.

Large corporations with net zero pledges are offering better terms and extended contracts for buying carbon credits, and are increasingly seeking removal credits, a Dutch project developer announced in a bullish update on Thursday.

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European carbon prices eased further on Thursday morning, as bearish technical indicators and slumping gas markets continued to pressure EUAs, and UK Allowances continued their fall in the wake of key reform documentation published earlier this week.

Japan on Thursday announced it has signed a Memorandum of Understanding (MoU) with Kyrgyzstan, making the Central Asian nation its 27th partner country under the Joint Crediting Mechanism (JCM).

Two Tokyo-listed companies have launched an initiative to simplify the lengthy process of creating government-issued J-Credits while facilitating carbon credit trading through the use of IoT and blockchain technology, as the country is seeking ways to boost the supply of domestic offsets.

Marine Protected Areas (MPAs) are receiving increasing attention in Cambodia to safeguard marine biodiversity, according to a new World Bank report, however wider governance, corruption, and capacity building issues must be addressed to begin adequately protect the country’s blue economy.

Carbon standard Verra on Wednesday issued a call for projects to pilot its long-awaited SD VISta Nature Framework and biodiversity methodology ahead of a public consultation process expected to launch in September.

The massive injection of Australian Carbon Credit Units (ACCUs) into the market in recent weeks has caused the price to slip to its lowest levels year-to-date, according to analysts.

A Singaporean asset manager has secured a $300 million green loan that also includes carbon credits from Overseas Chinese Banking Corporation (OCBC) that will assist a shopping mall become carbon neutral, the company announced Thursday.

More than 1000 companies disclosed forest-related risks through a voluntary platform last year in a sign of increasing corporate awareness, but analysis suggests that firms are not mitigating them effectively and could suffer losses of nearly $80 billion as a result.

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A US-based firm that incubates environmental fintech firms on Wednesday announced it has purchased a Canada-headquartered carbon and renewable energy credit broker, though will keep the acquired entity’s branding for its own marketplace under development.

A UN-convened climate alliance for insurance companies on Wednesday dropped a requirement for its members to set GHG reduction goals in line with its protocol after Republican politicians in the US lobbed anti-trust allegations at the initiative.

Germany’s has agreed to increase its domestic carbon price for buildings and transport from the start of 2024, going back on earlier plans to maintain a lower price after energy costs spiralled in the wake of Russian’s invasion of Ukraine last year, according to media reports.