Carbon Pulse

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North American ecosystems might be more resilient to global warming than previously thought, with potentially significant implications for climate change modelling, a new study has revealed.

California and Quebec will offer slightly fewer carbon allowances at this August's auction compared to the Q2 2023 sale last month, according to a government notice published Friday.

Bioenergy crops such as miscanthus and switchgrass, known for their multiple environmental benefits, could prove more appealing to American farmers if supported by carbon finance, according to a new study.

Switzerland faces a public vote on Sunday on whether to back the government’s draft climate law, with polls suggesting that citizens may reject legislation for a second time in two years.

EU institutions have provisionally agreed to lower the perceived level of financial risk associated with EU Allowances, reducing the capital requirements banks need to hold when trading these units but declining to extend the same treatment to voluntary carbon credits.

Environmental product development firm IncubEx is aiming to boost uptake in its suite of clean fuel credit offerings, and is also making several changes to enhance its project-specific voluntary carbon marketplace, a company official told Carbon Pulse.

Kenya has signed a Letter of Intent (LOI) to supply emissions reductions and removals credits to the LEAF Coalition – a public-private initiative by global corporations and rich countries to purchase forest carbon credits certified by the jurisdictional Architecture for REDD+ Transaction (ART) programme.

Verra is reviewing all Improved Forest Management (IFM) methodologies which may shorten future project development timelines, the standards body announced Friday.

A Danish manufacturing company has teamed up with green group WWF to add two projects to its nature-based carbon portfolio as part of its 'beyond value chain' mitigation plans to "capture" emissions from its historical operations dating back to 1941.

European carbon prices fell back on Friday, trimming the week's gains after the market had failed to hold on to its substantial jump on Thursday, as gas prices also dropped sharply as North Sea production was set to increase sooner than anticipated after unplanned outages.

Governments must introduce tougher regulations on biodiversity because companies won’t act on their own at the scale needed to stave off to nature and biodiversity loss crisis, according to a UK-based asset manager.

Spot prices in China’s national emissions trading scheme (ETS) dropped over the past week after a block deal last Friday, with market participants remaining conservative about the price outlook due to the relatively generous allowance allocation rules.

China's express delivery industry needs to take more decarbonisation measures as emissions from the sector have continued to grow significantly over the past few years, a report has called for.

The Cambodian government has cleared three REDD+ projects for participation in the voluntary carbon market, with project start dates set for 2024.

An Australian carbon fund manager this week auctioned off 50,000 blue carbon credits from a major project in Pakistan, with the sale clearing close to $30.

GGGI is seeking a deputy head of unit to lead the MATS Program and further take a leading role in the development and management of the Carbon Transaction Facility (CTF).

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

California Carbon Allowance (CCA) prices rallied through a packed week of activity including a cap-and-trade public workshop discussing plans to increase programme stringency, options expiry, and macro markets rallying after a pause in the US interest rate hiking cycle, while Washington Carbon Allowances (WCA) initially lurched higher on the announcement of a small reserve sale in August.

Germany's economy ministry on Wednesday unveiled a draft of its long-anticipated climate action programme, easing the burden on big emitters while seeking to steer the nation towards its currently-out-of-reach 2030 emissions reduction target.