Carbon Pulse

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.

Prices for carbon credits continued to sink lower over the past week, particularly for older vintages, as the long term bearish direction accelerated amid a whirlwind of African country initiatives to muscle into both the voluntary market and its sovereign nation rival under Article 6 of the Paris Agreement.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to develop a regulatory framework for carbon pricing, according to local media sources, which would see firms active in the oil and gas sector pay for emissions as well as drive reductions via carbon credits.

A strong wave of demand for biodiversity credits is expected within the next couple of years, experts speaking at an event in London on Monday predicted while urging standard-setting bodies to ensure rules exist to allow the market to scale with integrity.

Certifier Gold Standard on Monday launched plans for a new contribution claims framework to help companies take climate action beyond offsetting, while teaming up with others to initiate ideas on how firms should approach mitigating climate impacts outside their own value chain.

The co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD) has confirmed the launch date for the final nature reporting recommendations as Sep. 18, speaking at a conference in London on Monday, stating that the highly-anticipated disclosure guidelines will be presented at the New York Climate Week.

European carbon prices weakened sharply on Monday morning as the market began a full schedule of five daily auctions after a truncated timetable last week, while energy prices fell again, further increasing natural gas' advantage over coal in power generation and diminishing potential demand for EUAs.

Actively-restored tropical forests have shown a much larger increase in carbon stocks compared to other types, new research has found.

Another 15 financial institutions have signed up to the Finance for Biodiversity (FfB) pledge, committing to help reverse the ongoing nature loss and set specific biodiversity targets.

CapGemini is looking to hire a manager for its carbon credit business in India.

Australia will soon consult on how the proponent-led carbon project method development will work and what role the market's new integrity body will play in that process, as it seeks to implement the reforms of the recently held offset market review.

A major Japanese conglomerate has struck a deal with an Angolan agricultural firm on the potential rehabilitation of a degraded forestry area to launch its first carbon credit project in the Southern African nation.

Facilities covered under Australia’s Safeguard Mechanism are likely to hoard below baseline credits until they at least match the price of Australian Carbon Credit Units (ACCUs) later in the decade, a market analyst told a panel discussion Monday.

Some 180 human-induced regeneration (HIR) projects have had their Australian Carbon Credit Unit (ACCU) issuances put on hold since January after the Clean Energy Regulator (CER) began implementing the recommendations from the Chubb review.

The Australian government will launch a new grants fund programme focussed on improving transparency and capacity in its carbon market, as the government and the Clean Energy Regulator detailed how it was progressing on key reforms.

An Australian carbon industry body has hailed the nationwide progress of federal, state, and territory governments on supporting the market's development, while outlining the challenges ahead as the sector evolves. 

The Australian government has released a public consultation on its next release of offshore areas for greenhouse gas storage, in order to gain an understanding of its potential impacts.

The New Zealand government on Sunday announced an agreement to fund emissions reductions of some 800,000 tonnes per year at the nation’s biggest recipient of free carbon allowances under the NZ emissions trading scheme.

Singapore and Kenya have signed a Memorandum of Understanding to develop a bilateral agreement on carbon credits generated under Article 6 of the Paris Agreement.