Carbon Pulse

Japan has given the green light to the registration of 32 projects under the J-Credit scheme, which could generate nearly 1.7 million carbon credits over their lifetimes, as the country continues its efforts to boost domestic offset issuances.

A European developer of bioenergy with carbon capture and storage (BECCS) projects has inked a contract with a technology company worth 3.3 million tonnes, in the largest announced durable removals deal in terms of volume to date.

Japan and Brazil have pledged to work together to fight climate change, with plans covering the protection of the Amazon rainforest and the development of sustainable fuel.

One of Southeast Asia’s few planned mandatory carbon credit markets is ramping up its work after the prime minister signed a new directive at the end of last week.

An Australian hydrogen company has signed a binding agreement to build a commercial scale production facility in Canada, as the spread between spot generic and human-induced regeneration (HIR) credits returns.

The rise of policies aimed at harnessing forests to absorb carbon is driving the commodification of forests, hindering the slow-down of deforestation, and ignoring their social benefits, scientists warned in a report published on Monday.  

There is a significant gap in the CO2 removal efforts needed to meet the temperature goals of the Paris Agreement, according to researchers.

Policy developments seen emerging in the coming months will lift California Carbon Allowance (CCA) prices to a new record high above $45, analysts predicted this week, while they considered RGGI Allowances (RGA) overvalued at current levels.

A New Jersey legislator introduced a bill this week that would direct the state’s Department of Environmental Protection (DEP) to implement a cap-and-trade programme to cover most greenhouse gas emissions not regulated under RGGI.

Brazil's national development bank on Friday signed a deal on concessions for restoration and sustainable forestry projects on almost 73,000 hectares of deforested land, while also agreeing to support two states in their efforts to scale their own carbon markets.

A US non-profit research group has outlined criteria to avoid reputational risks in drafting regulations regarding offset projects on state lands, in comments submitted to the Alaska Department of Natural Resources (DNR).

Two legislators in Parana this week introduced a bill that would establish a regulated carbon market in the southern Brazil state.

Compliance entities slashed RGGI Allowance (RGA) holdings and net length in California Carbon Allowances (CCA), while managed money built positions across longer-dated North American carbon market vintages, data from the US Commodity Futures Trading Commission (CFTC) on Friday showed.

Credit retirements from the four main standard bodies in the voluntary carbon market remain on track for a record year despite a wave of bad press around issuing projects, data from Carbon Pulse's VCM portal shows. 

Two former UN leaders highlighted the world risks losing sight of the urgency to tackle climate change over this packed election year, with conflicts and short-termism taking political priority, during an event in London today.

A reforestation project in Sierra Leone has come under fire for allegedly abusing landowner rights before the project was registered with Verra, although the developers say correct procedures were followed.

European hard coal output dropped by 9% in 2023, while lignite production plunged 24% year-on-year as demand for fossil-fired energy tumbled, according to an annual report from Euracoal, the bloc’s coal association.

The annual reduction in EU carbon allowances for 2024-25 through the Market Stability Reserve will be the smallest yet, reflecting a slight decrease in the market's overall supply in 2023, according to a poll of analysts.

A US-headquartered consultancy launched this week to bolster and expedite funding towards nature-based solutions (NbS) and blue carbon, planning to engage in the nascent biodiversity credit market.

The carbon offset controversy at Science Based Targets initiative (SBTi) has detrimental consequences for the nascent voluntary biodiversity credit markets, which are paralysed by confusion, a legal expert has said.