Carbon Pulse

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

US-based climate finance company Aspiration on Wednesday announced it has partnered with a non-profit organisation to generate millions of carbon credits from sustainable agroforestry practices in Kenya.

Reporting to the IETA Global Communications Director, you will lead the implementation of IETA’s strategic communications work plan and activities, to promote market-based approaches to climate change.

*PREMIUM LISTING - With climate action growing rapidly and driving a new wave of investment, Verra is enhancing its team responsible for the development of high-integrity, high-impact carbon markets to build responsible demand for Verra's carbon credits and to support the ongoing growth and development of Verra's carbon programs.

A fund targeting the carbon removals industry has raised £35 million from investors.

New Brunswick Premier Blaine Higgs on Thursday announced the province will halt implementation of its rising CO2 tax on fossil fuels and instead opt for the federal government’s revenue-neutral fee, a change made to align the jurisdiction with the rest of Atlantic Canada.

California Carbon Allowance (CCA) prices settled in a tight range amid the first WCI allowance auction for the year on Wednesday, while Washington Carbon Allowances (WCAs) continued to languish ahead of the first cap-and-invest programme auction at the end of the month.

The British Columbia Ministry of Environment and Climate Change Strategy (MECCS) on Thursday posted a new draft version of the province’s forest carbon offset protocol (FCOP), which incorporates feedback from the previous iteration that saw stakeholders blast its economic viability.

EKI Energy Services on Wednesday sent a letter to India's BSE stock exchange to address revenue recognition issues flagged by its auditors, as the company's shares continued to tumble, crashing by some 50% so far this week.

A carbon credit ratings agency has downgraded three ACR-certified enhanced oil recovery (EOR) projects in the US to its lowest ranking after a portfolio review.

Ireland is due to buy almost €3 million worth of intergovernmental carbon units from Slovakia ahead of a deadline for EU nations to comply with their non-ETS climate obligations, according to media reports.

Global emissions could increase by 0.5% in 2023 due to higher oil and gas use and strengthening fossil fuel demand in China, though emissions in the EU could see a "very large drop" this year, the authors of a study told a webinar Thursday.

A UK standard focused on developing native habitat restoration projects for the domestic voluntary carbon market has had its first two projects validated, it said on Thursday, noting that it will only sell its credits to those taking steps to cut their own emissions.

The EU's Green Deal Industrial Plan caused division among lawmakers on Thursday, as most of the bloc's largest political group refused to back a resolution, weakening the Parliament's influence on the legislation.

Exchange operator ICE on Thursday announced record volume and participation in North American environmental markets last year, led by the company’s suite of Renewable Energy Certificate (RECs) and California Low Carbon Fuel Standard (LCFS) futures.

European carbon prices rose to their highest in six months on Thursday as traders shrugged off the bearish impact of the looming additions to auction supply under the REPowerEU plan, while energy markets eased off after two days of increases.

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).

A European bank has found that the oil and gas sector is the least "on track" in disclosing its nature-based risk in an analysis that considered three of the most exposed industries to nature loss and climate.

The government of Shandong, one of the most populous provinces in China, has said it will encourage innovative insurance products as a tool to protect nature-based carbon sinks generated in the region, following a number of new policies recently introduced by domestic insurers.

Amazon on Thursday announced it is funding the world’s first commercial-scale seaweed farm in the North Sea while a US seaweed material tech firm this week raised $6 million in pre-Series A funding, providing a welcome boost to a burgeoning industry considered important in addressing the twin crises of climate change and biodiversity loss.