Carbon Pulse

Voluntary carbon standard Verra is initiating a revision of the methodology to credit improved agricultural land practices, it said Friday.

COP29 host Azerbaijan is drafting a law that will introduce a domestic carbon tax, the head of this year's UN climate conference in Baku said, as reported by the national news agency.

The Netherlands is set to U-turn on national climate and energy policies and complicate climate discussions at EU level as a new coalition government including Geert Wilders’ far-right party prepares to take over.

Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a 'just transition', though approaches diverge significantly and finance remains a key stumbling block.

An Australian non-profit consultancy has released a set of strategies to achieving net gain in biodiversity within new solar farms, as its country plans to enhance efforts to prevent renewable plants from harming ecosystems.

A developer of carbon capture technology using a new class of material able to capture CO2 at very low concentrations aims to reach costs of below $100 per tonne in the next decade, thanks to its high energy efficiency and use of low-grade waste heat.

The International Energy Agency (IEA) has issued a cautious warning about the supply of critical raw materials needed for clean technologies, pointing to “potential strains” in supply that could slow down the green transition, but aren’t enough to derail it for now.

Only about half of carbon revenues generated globally from compliance markets is directly used for climate and nature, a new report has found.

India will seek to ensure every stakeholder will benefit before rolling out a policy to support its carbon market, a government official said this week.

Credit retirements across the four main registries in the voluntary carbon market are on track for a record year, lifted by particularly buoyant activity among energy companies.

A Canadian financial hub has announced it will set up a research centre tasked with developing financing mechanisms to scale investments towards nature protection, including biodiversity credits and biodiversity bonds.

European carbon prices rose by as much as 2.1% on Friday, catching support from rising natural gas and a relatively strong auction outcome, before giving up all their gains as the market continued to move within the €68-€72 range it has occupied all week.

Heating and cooling of buildings will be the next big decarbonisation challenge across the EU, according to 15 of the 27 member states, as the sector makes its debut into ETS2 from next year.

China’s national carbon market saw allowance prices rise marginally over the past week, while liquidity dropped to the lowest level since Mar. 2023 amid an absence of regulatory news.

A Southeast Asia-focussed biochar company has received $5 million in funding via investment from Mekong Enterprise Fund IV.

China saw growth in renewable power generation last month continue to surpass the expansion of thermal power, though monthly coal output remained at a relatively high level, according to the latest government data.

Environmental groups in Papua New Guinea have once again written to the government calling for transparent and robust consultation on the country’s carbon market regulations.

Pakistan is targeting its cement and waste management sectors for decarbonisation, while also exploring carbon finance opportunities under Article 6 of the Paris Agreement.

Seismic companies are increasingly collaborating, investing, and lining up for carbon capture and storage (CCS) work, thanks to increasing interest from countries globally looking to the technology as a way to foster CO2 trading and markets, as well as meeting emissions reductions targets.

Crediting standard Verra is on track to launch its nature framework towards the end of the year with a number of adjustments following its recent consultation process, and has decided to go ahead with testing nature stewardship credits or certificates as a separate unit type.