Carbon Pulse

Negotiations over the contentious matter of loss and damage from the impacts of climate change appeared at loggerheads as the first week of COP27 drew to a close in Sharm el-Sheikh.

Russia's climate action remains amongst the worst in the world despite Moscow's recent pledge to double the size of the nation's vast carbon sink, according to analysis that defined the efforts as “critically insufficient”.

An energy firm announced Friday it will develop a framework for sourcing carbon credits from responsibly sourced gas processes to then be brought to the voluntary carbon market, according to a media release.

Ghana and Switzerland have authorised the first-ever internationally transferred mitigation outcome (ITMO), a milestone transaction under the Paris Agreement's Article 6.2 provision a year since the two nations struck an overarching bilateral crediting agreement.

A South Korean government agency has unveiled a raft of strategic partnerships struck at the ongoing COP27, as it prepares to ramp up the East Asian nation’s engagement with the voluntary carbon market.

Saudi Arabia on Friday announced it will launch a domestic carbon credit scheme at the start of 2023, with baseline and MRV methodologies designed specifically according to the country's circumstances.

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

A Canadian forestry investment platform has spent nearly C$50 million to acquire a chunk of private land in Northern Ontario to develop it into a carbon offset project.

The US will implement stronger methane regulations for the domestic oil and gas sector and bolster international efforts to crack down on the potent GHG and emissions from other sectors, President Joe Biden announced at COP27 on Friday.

The creation of rules on international emissions trade risk being delayed for another year as negotiations stumble in Sharm el-Sheikh over whether host countries to amend or even revoke their authorisation for the transfer of carbon credits.

Ghana plans to agree to a deal with Singapore for the trade of internationally transferred carbon credits, said a senior official from the west African nation during a side event at COP27 on Friday.

The US EPA on Friday presented new analysis to significantly raise the social cost of carbon (SCC) compared to current values, as a working group under President Joe Biden’s administration works to develop a final figure amid ongoing legal challenges.

Malaysia’s stock exchange has revealed some key details about the set up of its voluntary carbon market (VCM) platform at the COP27 conference in Egypt, as it confirms its launch by the end of the year.

Key topics are emerging in a newly-formed segment of COP27 UN climate talks in Sharm el-Sheikh, with negotiators considering sectoral approaches as they scramble to spur greater near-term emissions cuts to keep the Paris Agreement's 1.5C temperate goal within reach.

Billions of dollars from oil rich countries in the Arab Gulf could soon be flowing into voluntary carbon market (VCM) projects after senior representatives from Saudi Arabia's public investment fund (PIF) and the Islamic Trade Finance Corporation (ITFC) announced a fatwa, or legal ruling based on Islamic law, that will allow Islamic finance to be used for carbon credits, a side event at COP27 heard on Friday.

Decisions on what type of projects will be eligible under a new UN carbon credit mechanism are expected to be delayed for a year, as governments approach the halfway point of two-week COP27 negotiations in Sharm el-Sheikh and discussions focus in on how to treat carbon removals specifically.

*PREMIUM LISTING - The Director of Carbon Strategy will be responsible for setting the course for d.light’s growing Carbon Program. As a social enterprise, d.light utilizes carbon revenues to lower the cost of sustainable, carbon offsetting products for our customers, which are primarily low-income households in rural Africa and Asia.

The Head of Research and Consultancy will be expected to manage the Research team and work hand in hand with the Marketing, Trading, Sales and Management teams at RAL

European carbon prices rose after European co-legislators agreed on key elements of reforms to the bloc's carbon market, including a more responsive automatic price-damping mechanism, but agreed not to limit access to the market for non-compliance participants.

It’s Friday – Decarbonisation Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with related developments throughout the day. Timestamps in local time (EEST, GMT+2).