Carbon Pulse

The French government has become the first in Europe to approve an accounting methodology for a carbon project that will protect the crucial Posidonia seagrass meadows along a stretch of coast overseen by the Calanques National Park.

European carbon declined on Thursday morning after a burst of selling took more than €2 off prices, as trading activity otherwise was low-key amid the tail-end of the holiday season, while energy markets drifted again amid healthy supply.

Carbon credit procurement platform Abatable has acquired rival Ecosphere+ using cash from a $13.5 million fundraise as part of an effort to reach a broader range of corporate clients.

Meeting the 30x30 target of the Global Biodiversity Framework (GBF) will be a major challenge for many countries, though OECMs – other effective area-based conservation measures – are increasingly seen as a useful tool, with IUCN this week showcasing how they could help Vietnam achieve its biodiversity commitments.

A US-headquartered NGO has urged the International Monetary Fund (IMF) to instantly make significant funds available for biodiversity purposes and undertake institutional reforms to put nature loss at the heart of global financial reform.

Indonesia and the Philippines are working on a bilateral partnership on a reforestation project that might be joined by other ASEAN nations later in a novel push to generate carbon credits, according to local media, however the discussions are still in their very early stages.

A blockchain carbon offsetting platform on Thursday announced it will begin offering subscription-based credits to customers after acquiring a Vienna-based clean tech company.

The stockpile of NZUs in New Zealand’s ETS is starting to shrink, but participant’s surrender obligations have created a temporary bulge, according to newly released data, as the NZU spot price rallied following the release of the Climate Change Commission’s recommendations.   

Australia accounts for around 40% of the value of investment in the global clean hydrogen pipeline, but the large number of projects yet to reach final sanction means that its status as a global leader is under threat with other countries accelerating their policy support for the nascent sector, Energy Minister Chris Bowen warned on Thursday.

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

The US can significantly contribute to combating climate change with the Biden administration's commitment to "climate-smart" agriculture, but several factors are currently holding the practice back, according to a report from Stanford Law School's Law and Policy Lab and the Bezos Earth Fund.

New Zealand’s independent Climate Change Commission (CCC) has warned that the country is not on track to meet its climate targets with its current ETS settings, once again urging the government to drastically increase the cost containment reserve price trigger and lower auction volume limits.

California regulator ARB retired nearly 300,000 credits from the offset buffer pool after a forest project violated reporting requirements under the WCI-linked cap-and-trade regulation, while another project must submit additional compliance instruments after an intentional reversal took place, state data showed Wednesday.

The Cap-and-Trade Program (Program) is seeking an enthusiastic team member with expertise in the industrial sector and assessing decarbonization policies to work on the development, implementation, and analysis of the California Air Resources Board’s greenhouse gas (GHG) emissions reductions programs, principally a new Net-Zero Strategy for Cement Use in California.

The Air Quality Program (AQP) within the Department of Ecology is looking to fill a Senior Cap-and-Invest Market Monitor (Financial Examiner 4) (In-Training) position. This position is located in our Headquarters Office in Lacey, WA.

Oregon Clean Fuels Program (OCFP) credit values lifted to a two-year high this week as traders pointed to tighter carbon intensity (CI) targets and the influence of Washington state’s new cap-and-trade system, while California Low Carbon Fuel Standard (LCFS) prices continued climbing as data showed speculators are building additional length in the futures market.

A ministerial commission in the Democratic Republic of Congo has recommended terminating 30 forest concessions, including a handful linked to REDD+ projects as well as undeclared carbon credit sales.

Buyers' club Frontier has seen its total commitment for engineered carbon dioxide removal (CDR) purchases climb above $1 billion by 2030 with the inclusion of four new multinationals’ pledges announced on Wednesday, a year after the launch of the venture. 

The European aviation sector will need an extra €820 billion in funding if it is to reach its net zero emissions goal by 2050, according to an industry-commissioned report released on Wednesday.

A carbon removal accelerator backed by the EU has launched a rebrand and a fresh call for applications having secured new funding partners as it aims to "double down" on supporting startups in the space.