Carbon Pulse

A Germany-based carbon credit intermediary will sell credits from Canada’s first industrial-scale biochar facility on the voluntary market, while steelmaker ArcelorMittal announced plans to purchase biocarbon from another plans in the country.

A US-headquartered carbon credit developer on Wednesday announced it has pre-sold units stemming from plugging orphaned oil and gas wells to an international energy and commodity trading firm.

Scientific papers and public policies are not typically counting the substantial contribution of wood harvesting to global carbon emissions, with GHG output set to take off even further through 2050 as timber demand grows, researchers said Wednesday.

European lawmakers have just days to come to a decision on nature protection measures, with a vote due at next week's plenary session on a law to restore at least 20% of the bloc’s sea and land areas by 2030.

Shipping industry stakeholders have warned that a global carbon levy lacking in sufficient ambition could lead to a bureaucratic nightmare with patchworks of regional and national regulations emerging in response, as national representatives continue discussions in the UK this week to outline international climate plans for the sector.

A new tool is about to be launched to formalise best practice in the voluntary carbon market by enabling project developers to report on the governance, financial, and sustainable performance of projects and climate change mitigation programs in a standardised way.

A technology company is seeking to break the malaise in the digital carbon market (DCM) following last year’s banning of tokenising voluntary credits from mainstream standard bodies by becoming the blockchain standard for the market.

The UK has set down a very significant marker for the inclusion of removals in its compliance carbon market and one that starkly differs from the EU position, experts have told Carbon Pulse, though integration is unlikely to be rushed.

EUA prices extended their losses for a third day amid low-key trading, staying between two key technical levels as numerous participants headed to an industry conference, while energy markets were little changed as renewables output was forecast to rise.

Japan’s latest auction of government-issued  J-Credits cleared above the 3,000 yen ($20.79) level again, as demand for domestic offsets continued to outpace supply given the limited number of credits available.

The operator of Japan's largest energy trading marketplace has become the latest in the country to initiate trading of environmental credits, including offsets under the domestic J-Credit scheme.

Fugitive methane emissions from Australian fossil fuel projects are nearly twice as high as national estimates, according to new analysis, meaning facilities covered under the Safeguard Mechanism will likely have to double their decarbonisation efforts to be in line with the country’s climate goals.

Australia’s reformed Safeguard Mechanism has come into force this week, but those expecting facilities to begin generating below baseline credits straight away will be left waiting.  

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

A former commercial and marketing director with an agribusiness company has joined soil carbon project developer AgriProve Solutions as its first Australia general manager.

Nearly a year after the public comment period for Canada's Clean Electricity Regulations were wrapped up, a poll published Tuesday has found a majority of Canadians support the federal plan to reach a net zero power grid by 2035.

Alignment on carbon border adjustment mechanisms (CBAM) and decarbonisation regulations can help smooth relationships between the UK and the EU, according to British MP Chris Skidmore at a meeting in Brussels, though he stopped short of suggesting a re-linking of carbon markets.

Lower tiers of achievement could be added to the VCMI Claims Code over the next few months to broaden its reach and encourage more companies to start climbing the ladder of mitigation, a senior member of the Voluntary Carbon Markets Integrity initiative (VCMI) told Carbon Pulse.

Researchers have calculated that every tonne of carbon released now is four times more costly to the world than it was a decade ago, requiring an upward revision of the appropriate carbon pricing level, among other policies, to meet global climate goals.

European carbon traded largely sideways on Tuesday morning as US markets were closed for Independence Day and as traders were surprised by the early publication of weekly Commitment of Traders data that showed little overall change in positioning.