Carbon Pulse

Offset standard manager and developer Verra on Friday said it will launch carbon credit labels to signify emissions removals and compatibility with the Paris Agreement, while ditching designations for other project attributes.

Colombia’s High Court has selected to hear a lawsuit from an Indigenous group against a REDD+ project within their territory in the Amazon rainforest, potentially setting a precedent for drawing legal limits on similar voluntary carbon market (VCM) projects in the country, a media alliance reported Thursday.

Ghana and Thailand are frontrunners among major carbon credit-supplying nations in the Global South in taking steps to enable international emissions trade under the UN Paris Agreement, according to a report published on Friday detailing progress among the selected 20 countries.

Institutional investors need a rate of return on parity with top quartile private equity to overcome the risks associated with pumping money into the voluntary carbon market (VCM), a finance company boss told Carbon Pulse on Friday.

Tanzania has signed an MoU with a Singapore-registered holding company that was incorporated just six weeks ago to develop what could be by far the biggest carbon credit project yet in Africa, with sources telling Carbon Pulse that the government has other similar agreements akin to Zimbabwe's controversial new approach that it has lined up with foreign investors.

Proponents of engineered carbon removals have questioned the impartiality of a UN document published this week to help prepare for the next round of talks to shape a new global carbon crediting mechanism, fearing the divisive text will further slow progress.

European carbon prices were poised to record a second successive weekly gain on Friday after four weeks of declines in April, as the market appeared to gain confidence amid a wider risk-on mood even amid the prospect of the regular daily auction programme resuming next week.

Japan is unlikely to meet its Paris Agreement emissions pledge based on its current policies, analysts have said, as activists worldwide on Friday protested the country's fossil fuel dependence while G7 leaders gather for their annual summit in Hiroshima.

China this week released technical regulations and requirements for three types of blue carbon methodologies, as the world’s biggest-emitting nation gears up efforts to deploy nature-based solutions to help meet its climate commitments.

Liquidity largely improved in China’s emissions market over the past week with an uptick in prices, thanks to the contribution of three block deals, though cooling demand continues to weigh on the market amid regulatory uncertainties.

A natural capital tech company has successfully raised $9 million from a Series A funding round, as it looks to expand its global operations and customer base.

New Zealand opened a consultation Friday on the price settings and controls of its emissions trading scheme for the period of 2024-28, however some observers are expressing frustration at the government’s slow pace of reform.

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

The UK government has slashed free ETS allowance allocations between 2021-25 by a further 8 million tonnes due to reduced production at industrial plants, according to data published late Thursday.

Terraformation is hiring a Carbon Certification Specialist to work with our forestry business development team and science team to provide technical expertise in strengthening our value proposition in the voluntary carbon offset markets.

Terraformation is hiring a Head of Carbon Strategy to work with our Forestry Partnerships and Development team to lead our internal carbon projects strategy, strengthening our value proposition in the voluntary carbon offset markets.

Morgan Stanley Investment Management has secured $500 million in commitments from European investors for its climate-targetted private equity strategy, which seeks to fund growth-stage firms capable of collectively avoiding or eliminating 1 billion tonnes of CO2e by 2050.

Canada’s government budget watchdog on Thursday said the impending Clean Fuel Regulations (CFR) will cost some residents over C$1,000 in 2030, though Prime Minister Justin Trudeau’s administration and researchers said the analysis was highly flawed.

California Carbon Allowance (CCA) prices traded through a narrow range into the WCI Q2 allowance sale on Wednesday, while Washington Carbon Allowances (WCA) prices held flat this week ahead of the upcoming auction at the end of the month.

A California legislative committee on Thursday held bills that would have ratcheted up the state’s 2030 GHG reduction target and throttled Low Carbon Fuel Standard (LCFS) crediting from dairy digesters, though lawmakers did send to the floor proposals to review the state’s WCI-linked cap-and-trade programme and implement other climate policies and disclosure requirements.