Carbon Pulse

A Vancouver-headquartered carbon credit developer on Wednesday announced it plans on generating almost 30 million VERs from four rewilding and mangrove forest preservation projects.

The largest California Low Carbon Fuel Standard (LCFS) players saw their market concentration shrink over the past six months even though their total holdings increased, as all-time high credit generation was more spread out among registered entities, government data suggested this week.

Cookstoves were the most common new project in the voluntary carbon market last year, although REDD+ avoided deforestation projects still issued the most credits, according to a database compiling registry data.

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A US-based voluntary carbon offset project developer on Tuesday announced it has gained federal funding to scale up sustainable agricultural practices for fruit and nut growers.

Increased EU state aid will be used as a “bridge” to help fund the bloc's decarbonisation efforts up to 2025 until a sovereignty fund is established, European Commission President Ursula von der Leyen said on Wednesday, setting out a plan to compete with the US and China in clean manufacturing.

US software giant Salesforce announced a new partnership with a carbon credit ratings agency on Wednesday, boosting project transparency on its Net Zero Marketplace.

EUAs climbed by as much as 5% on Wednesday morning to approach €100, as technical buying and short-covering helped extend the rally that started in mid-January to €20 or over 25%.

Prices slid lower in the REDD+ avoided deforestation credit market on Wednesday as the fallout from media reports claiming widespread over-crediting in the sector continued to take its toll, despite certifier Verra this week dismissing the scientific reports underpinning the criticism.

An initiative to plant mangroves along the coastline and on salt pan lands as well as a wetlands conservation scheme were the main nature-related headlines when India on Wednesday announced its 2023 state budget.

The government of Finland on Wednesday published a guide to good practices for the voluntary carbon market (VCM), that aims to both improve the reliability of the domestic market and also create opportunities for Finnish companies to utilise credits as part of climate strategies in a responsible manner.

Green growth will be one of seven priority areas for the Indian government’s 2023-24 budget, released on Wednesday in India’s parliament, which included an allocation of over $4 billion to help meet the country’s net zero goals as well as contribute to reaching its energy security objectives.

Taiwan has extended the sources of emissions offsets that can be used by local businesses when they expand production capacity or build new thermal plants, as part of the government's effort to realise net zero by 2050.

Business groups are urging the government to implement the overhauled Safeguard Mechanism as political storm clouds brew ahead of parliament resuming next week, while Australian Carbon Credit Units (ACCUs) issuance remains steady.

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

Washington state will make a decision this summer on whether to join its new cap-and-invest programme with the California-Quebec system under WCI, with any potential linkage happening in 2025 at the earliest, the Department of Ecology (ECY) said Tuesday.

The amount of credits generated in California's Low Carbon Fuel Standard (LCFS) registered record levels in Q3, as substantial volumes of renewable diesel (RD), electricity, and renewable natural gas contrasted with declining diesel and gasoline volumes and raised the credit surplus bank to new all-time highs, according to government data published Tuesday.

RGGI-regulated power generators saw their total CO2 output for 2022 end slightly above year-ago levels, despite a small downturn occurring during the fourth quarter, according to official data updated Tuesday.

A German startup aiming to facilitate early-stage funding for natural capital projects has closed a pre-seed round to bring its financing platform to market, the company announced on Wednesday.

A rating agency has placed South Pole's Kariba REDD+ project on watch for a potential score change amid media reports of widespread over-crediting, with a slew of other projects also coming under scrutiny.