Carbon Pulse

The share of the world's greenhouse gas emissions covered by a carbon price that would keep warming limited to UN Paris Agreement goals marginally rose year-on-year but remains below 5%, according to a report published by the World Bank on Tuesday.

EU coal-fired power generation dropped sharply in the first four months of this year, damping fears that the fuel would make a sustained comeback after natural gas prices rocketed in 2021 and 2022, according to a report published on Tuesday.

A carbon offset ratings agency has launched a trial project in Uganda to assess the use of environmental DNA (eDNA) to measure biodiversity values in ecosystems, including as basis for the issuance of nature credits.

The state government in Victoria in Australia on Tuesday announced its local logging industry will shut down at the end of the year, six years earlier than planned.

Australian-funded Article 6 demonstration projects under its Indo-Pacific Carbon Offset Scheme (IPCOS) should make a point to use established projects, operators, and methodologies, in order to keep community needs in focus, voluntary market participants told a conference Tuesday.

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

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Zimbabwe appears to have backed down from its threat to render “null and void” all existing carbon offset deals in the country.

A former US Democratic Congressman has taken a business development role at a Washington DC-based company that is seeking to deploy refrigerant carbon credit projects across the globe.

UK enhanced rock weathering (ERW) project developer UNDO has secured $12 million of fresh investment to scale operations globally, it announced Monday, with additional funding worth $1 mln to come from a further forward sale of carbon removal credits.

France on Monday unveiled an ambitious plan to accelerate its greenhouse gas emissions cuts, targeting a 50% reduction by 2030 compared to 1990 levels.

Asset manager KraneShares on Friday saw the total net assets of its voluntary carbon offset exchange-traded fund dip to 90% below the starting value in just over the past year, as integrity concerns and a rough macroeconomic picture have rocked standardised credit prices.

RGGI Allowance (RGA) values rose over the past week as one large buyer reportedly drove the market higher, with traders offering different theories why either emitters or speculators could be behind the move.

California regulator ARB on Monday published its initial design considerations for mechanisms to ratchet up the stringency of the Low Carbon Fuel Standard (LCFS), including a one-time ‘step change’ in the programme’s carbon intensity (CI) targets and a measure to automatically tighten the GHG reduction goals if set parameters are hit.

A biodiversity index suite has been released on Monday in an effort to help investors align their portfolios with their biodiversity impact reduction and sustainable development goals (SDGs) by screening for companies with low impact.

Pro- and anti-nuclear factions among the EU’s 27 nations re-emerged during Monday’s ministerial meeting on competition affairs, with some ministers calling for a reduction in newly-introduced sustainability reporting requirements for companies during the jarring session.

The European Parliament has postponed a vote to approve the strengthening of the bloc's renewables target, as division among member states over the role of nuclear threatens to disrupt a process previously seen as a formality.  

Verra's founding CEO is stepping down, the voluntary carbon market standard announced Monday.