Carbon Pulse

A group of 17 countries led by Colombia and Mexico have announced they are establishing a special group at COP16 to drive progress on mainstreaming biodiversity, following what they said are attempts to undermine the policy.

A US-based direct air capture (DAC) developer announced Thursday that it will begin manufacturing a novel sorbent material that will be able to passively remove CO2 from the atmosphere.

A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.

Not enough has been done so far at COP16 to address exploitation of minerals for the green energy transition, especially in Indigenous Peoples’ lands, a group of NGOs said Thursday.

A Brazilian organisation is set to market its first biodiversity credits generated through three separate projects across the country, with a philanthropic institution already committed to buying them.

A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.

Businesses still see carbon credits as a high-risk investment, citing limited policy guidance and a market rife with controversy, speakers told a webinar this week, but corporate offsetting is key to reaching net-zero goals and could soon become mandatory.

More companies than ever are disclosing their plans for transitioning to net zero emissions and aligning their strategies accordingly, with financial institutions increasingly using these plans to drive investment towards sustainable solutions, the Transition Plan Taskforce (TPT) found in its final report as it closed shop on Thursday.

Emissions in the EU fell significantly in 2023, but clear and predictable policies are essential to maintaining momentum, according to two separate reports released on Tuesday. 

An alliance of large asset owners committed to reaching net zero has so far cut emissions by an average 6% per year since launching, with most members setting decarbonisation targets for 2025 in line with the Paris Agreement goals, according to the group's latest progress report.

TotalEnergies emitted more direct greenhouse gasses in the third quarter because of increasing gas-fired power plant use in the US and Europe, the energy company revealed Thursday.

Limiting global warming to 1.6C will be a monumental task but achievable, as renewable capacity installations are smashing records and the costs of clean technologies are falling rapidly, according to an energy consulting firm.

The Inter-American Development Bank (IDB) and the World Bank on Oct. 29 announced new guidelines for Amazonia Bonds, a capital markets instrument aimed at financing projects that benefit biodiversity, local communities, and zero-deforestation initiatives across the Amazon.

Shell’s dash for gas reaped dividends in the third quarter, but a green activist shareholder group warned backtracking on renewable investments was jeopardising the future of the company.

European carbon prices weakened on Thursday morning, dragged lower by falling natural gas and breaking below a key technical support mid-morning, as the market continued to occupy the €60-€68 range for a ninth week.

Papua New Guinea is closer to a carbon market but is waiting on a few key steps, a senior official said this week, as news comes the nation has confirmed it will boycott this year’s COP29 summit in Baku, Azerbaijan.

Macao this week unveiled a voluntary carbon exchange backed by a leading Chinese private equity firm, which aims to help China link up with international markets.

Australia's conservative Coalition party's failure to clarify its position on the Safeguard Mechanism and the lengthy development process of new Australian Carbon Credit Unit (ACCU) methods has created an air of uncertainty in the market, experts told Carbon Pulse this week.

Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said. 

The State of the Climate report shows Australia's average temperatures have already risen 1.5 C for the first time since records began, as the latest Clean Energy Regulator issuance saw an increase in Australian Carbon Credit Units (ACCUs).