Carbon Pulse

An activist shareholder group said Thursday Australia’s sovereign wealth fund has over A$1 billion ($660 million) invested in three of the nation’s most polluting companies, two oil and gas and one coal. 

Development banks are funnelling billions of dollars annually into the expansion of factory farming linked to animals, capital that should instead go towards regenerative practices, according to analysis by a non-profit.

Chinese regulators have jointly released a work plan to improve the country's carbon accounting systems, requiring the central and regional governments to report emissions data on an annual basis.

A major trade group in South Korea has teamed up with a government agency to promote the development of forest-based carbon offsets in the country.

The World Bank’s Forest Carbon Partnership Facility (FCPF) in FY24 disbursed a record $111 million from the Carbon Fund and made multiple arrangements to integrate its jurisdictional REDD+ (J-REDD) programmes into international markets as the fund’s closure looms in 2028.

The Clean Cooking Alliance (CCA), which leads global efforts to promote clean cooking technologies, has laid off a number of its staff and lost donor funding as a result of broader financial difficulties in the voluntary carbon market, Carbon Pulse has learned.

California regulator ARB’s latest issuance of compliance-eligible offsets continues to fall below 2023 levels year-to-date (YtD), with less than 20% of the two-week distribution with direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.

The thorny issue of who should manage global biodiversity funds, and how, has resurfaced at the ongoing COP16 in Colombia, with observers saying the ability of negotiators to find a compromise will have a major bearing on whether the talks will be able to move the implementation of the Global Biodiversity Framework (GBF) forward.

A coalition of leading international organisations, including the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank, has introduced a new framework to standardise carbon pricing metrics, aiming to improve transparency and enhance global climate action.

To prove the climate benefits of carbon removal (CDR), one industry alliance asked for “critical” improvements to monitoring, reporting, and verification (MRV) within the US, outlining key recommendations for the federal government in a report published Wednesday.

A bill introduced by US lawmakers this week seeks to prolong the 45Z Clean Fuel Production Credit (CFPC) by 10 years, extending its availability through 2037.

The South Dakota Supreme Court has refused a request to review its August decision that denied a CO2 pipeline developer the right to exercise eminent domain in developing its project in the state.

Fewer than 10% of companies assessed their dependency on biodiversity last year, despite increasing attention to nature-related reporting following the Global Biodiversity Framework (GBF) agreement, according to a report released Wednesday.

A Colombia-based environmental standard has signed a Memorandum of Understanding (MoU) with a local project developer to explore biodiversity credit opportunities worldwide and test its methodology within different sites and ecosystems.

A carbon registry on Wednesday officially launched its biodiversity credit programme, inviting project developers to join its two-year pilot phase.

The UK, Australia, and Canada dominated fossil fuel extraction and its associated carbon emissions across the 56 Commonwealth countries in 2023, despite accounting for just 6% of the population in the group, according to a new report released on Wednesday as Commonwealth leaders meet for a summit.

Three international organisations on Wednesday released a set of 21 high-level principles (HLPs) for biodiversity credits in a move designed to encourage the multitude of global market initiatives to align with a set of collective fundamentals.

Demand-side signals for Article 6 credits are positive, with investors increasingly speculating on the units expected to be approved for trade, a rating agency representative told a conference Wednesday.

Eleven carbon removal (CDR) companies have been given a boost after a non-profit announced it had made its largest quarterly purchase to date worth $3 million.

The latest version of the new global climate finance goal due to be agreed at COP29 sets out three options for structuring the headline target, including the transfer of trillions of dollars per year from wealthy to poor countries, or a wider annual investment sum from public and private sources.