Carbon Pulse

A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Industrial greenhouse gas emissions are projected to rise globally by 2050 without additional government interventions, according to modelling analysis published Thursday, but mid-century decarbonisation is still technologically possible even as this becomes more costly as fossil-powered facilities continue to be built.

Indian carbon offset project developer EKI Energy has formed a collaboration with UK-based Inclusive Energy (IE) to enhance monitoring, reporting, and verification (MRV) of energy projects in the voluntary carbon market (VCM), it announced on Thursday.

Global energy-related CO2 emissions rose by just under 1% to a new high in 2022, reaching 36.8 billion tonnes, although the annual increase was tempered by higher clean energy use offsetting the impact of increased coal and oil demand as the global economy grew by over 3%, according to the International Energy Agency (IEA).

Reporting to the Director International Partnerships, the Global Projects Partnerships Coordinator is responsible for supporting the origination of nature-based carbon projects and maintaining partner relationships across NatureCo’s priority countries.

An Australian philanthropic organisation has committed A$35 million ($23.6 mln) to safeguard some 18 million square kilometres of global ocean biodiversity, as part of a wider A$240 mln pledge made to ocean conservation and research.

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

The Department of Forestry at Michigan State University invites applications for a 12‐month, fixed-term, open rank (assistant, associate, or full) professor (Ph.D. required) or academic specialist (M.S. or Ph.D. required) to serve as Program Director of the Forest Carbon and Climate Program (FCCP).  Primary responsibilities are to provide strategic leadership of the FCCP (60% leadership, outreach, and administration), teaching (15%) and research (25%).

Taking Root is looking to increase its grant funding to accelerate the development of its smallholder reforestation projects around the world. The Grants Lead owns this key commercial objective and is responsible for the growth of annual grants revenue sourced from private foundations, corporations, and government and development agencies.

We are looking for a Carbon Market Data Analyst to join our fast-growing team of enthusiastic Carbon offset specialists and forestry professionals.

Speakers at the One Forest Summit that began on Wednesday in Gabon described the converging of nature and climate goals and outlined their view that the private sector will assume a leading role in channeling finance to nascent biodiversity markets.

Indonesia has received its first advanced payment, totalling $20 million, for REDD+ activities in East Kalimantan province from the World Bank’s Forest Carbon Partnership Facility (FCPF).

A US-based carbon credit financier and originator on Tuesday announced an initial offering of $100 million in offsets available via a Toronto-based capital raising platform. 

California Carbon Allowance (CCA) prices jumped on Wednesday afternoon after the head of regulator ARB confirmed the agency must strengthen the WCI-linked cap-and-trade system to achieve an accelerated 2030 GHG reduction target.

Net assets from offset standard developer and manager Verra nearly quadrupled between 2019 and 2021 as carbon credit issuances spiked, according to its annual financial statement published Tuesday.

California Low Carbon Fuel Standard (LCFS) credit values in recent days unravelled from 5.5-month highs that were spurred by a presentation last week to tighten the scheme’s GHG reduction targets, while an Idaho-based California Carbon Offset (CCO) project applied to transition to the transportation sector programme.

EU parliamentarians are considering whether to push for the creation of a bloc-wide carbon removals market before the end of the decade, with at least one senior MEP signalling on Wednesday that they will submit an amendment in upcoming legislation while another urged caution.

The current price of EU carbon allowances makes renewable hydrogen competitive against fossil fuel-derived, the European Commission's top climate official told an event in Brussels on Wednesday in remarks that contrast with recent legislator views expressing unease at the record levels.

Regulatory associations and industry bodies are calling for carbon credits to be classified as physical commodities globally, rather than as financial instruments where regulation is more onerous.

A multinational IT firm has partnered with a seagrass conservation charity to launch an open-source algorithm that helps locate, quantify, and track seagrass meadows initially across the UK, announcing the move to celebrate the UN's first-ever World Seagrass Day on Wednesday.