Carbon Pulse

Four organisations in the UK and Peru have partnered with the aim to facilitate one or more pilot biodiversity stewardship credits (BCS) transactions in a bid to create a model for future growth of a biodiversity market.

As the Australian government seeks input on its draft legislation for its Nature Repair Market, policy watchers warn that its so-called Green Wall Street will crash if it doesn’t lead investment in the market.

The global market for key mass-manufactured clean energy technologies will reach around $650 billion per year by 2030, around three times the current level, if countries worldwide fully implement their announced climate policies and pledges, the International Energy Agency (IEA) stated in a report released on Thursday.

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

The Senior Officer, Climate will lead the day-to-day management of GGGI Lao PDR’s Climate Unit.

The Senior Officer, Water and Sanitation will lead the day-to-day management of GGGI Lao PDR’s Water Unit.

California regulator ARB began the year by issuing more compliance offsets than during the final two weeks of 2022, while entities voluntarily retired a large batch of credits over the previous three months, state data published Wednesday showed.

Steep Washington Carbon Allowance (WCA) prices should abate as the state commences quarterly auctions and moves towards linking with the California-Quebec scheme, while fuel suppliers are reportedly gouging customers by justifying compliance with the carbon market and Clean Fuel Standard (CFS), Department of Ecology (ECY) officials told a legislative committee on Wednesday.

An imbalance in emissions obligations in the EU's second carbon market and fears about manufactures' ability to sell their products abroad were the focus of stakeholder criticism at an event on Wednesday taking stock of last month's legislator agreements on the bloc's carbon market-related reform bills.

California should consider numerous changes to its cap-and-trade programme that would ratchet down annual allowance supply to hit the state’s GHG reduction targets, and also study how no-trading zones could benefit air quality in disadvantaged communities, according to a watchdog report published Tuesday.

A carbon removals marketplace has agreed a partnership with the First Movers Coalition, adding to the companies providing member firms access to carbon removals to help them fulfil their buying mandates.

A leading climate platform and carbon credit provider announced a partnership on Wednesday which will broaden the scope and volume of carbon removal credits available to its customers.

This is the year of "polycrisis" where risks become more interdependent and reciprocally damaging, the World Economic Forum (WEF) said in its annual risk report published Wednesday ahead of the think-tanks annual Davos talks that predicted climate risks will dominate the challenges over the next decade.

Environmental services firm Anew Climate has agreed to invest as much as $640 million in nature-based carbon project developer Terra Global Capital, an Anew executive said on Wednesday.

Xpansiv has closed a $125 million capital raise to help fuel continued growth, the environmental markets platform announced on Wednesday, while confirming the completion of last year’s acquisition of emissions brokerage Evolution Markets.

EUAs climbed 1% on Wednesday after a late morning surge clawed back most of Tuesday's losses, as traders awaited the first UKA auction of the year and signs of potential EUA supply from British installations swapping their EU units for UK allowances.

South Korea sold just over 60% of the allowances on offer at Wednesday’s monthly carbon sale with the clearing price reaching a new low, as the current economic slump and allowance surplus continue to weigh on market sentiment.

With momentum building behind biodiversity crediting following a string of announcements at COP15 in December, market experts have highlighted the lessons to learn from carbon, their close links and key differences, and why there is no time to waste in devising the framework to scale the nascent nature-based market.

Several environmental groups have expressed concerns over the inadequacies of Taiwan's newly-passed climate bill, urging the government to clarify the details of an upcoming carbon levy scheme as soon as possible.

An Indonesian carbon project developer has secured a land agreement to turn a land concession in Papua into a REDD+ project that it says could generate the equivalent of 3.7 million VCUs per year.