Carbon Pulse

A climate advocacy group is urging the Australian government to restrict the number of carbon credits facilities covered by the Safeguard Mechanism will have access to in order to offset their emissions.

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

The integrity of the voluntary carbon market (VCM) will always remain in doubt, and that problem will not go away even with added levels of review, a VER project developer and intermediary said Monday.

A senior member of Washington's Department of Ecology on Monday announced the state's first cap-and-trade auction schedule in 2023, while a utility company representative said she was expecting a "wild ride" in the first year of the WCI-modelled programme.

A Toronto-based voluntary carbon offset investor has reached an "exclusive" royalty agreement covering four Brazilian REDD+ projects.

CME Group is extending its nature-based offset future, the CBL N-GEO, to December 2027 as it seeks to maintain liquidity in the nature-based offset and stave off competition from rival exchanges.

Pierre Poilievre won the Conservative Party of Canada’s (CPC) leadership race on Saturday, pledging to undo Prime Minister Justin Trudeau’s carbon taxes and energy policies that climate experts consider challenging to unravel.

Switzerland has cancelled and rescheduled an aviation carbon permit auction due to weak demand, the government said Monday.

California regulator ARB will evaluate the role of the state’s cap-and-trade programme in hitting more ambitious GHG reduction goals as part of the agency’s updated Scoping Plan modelling, a conference heard Monday.

Two experienced carbon offset company founders have formed a new venture that aims to launch seven nature-based projects within the next five years in Southeast Asia.

Forest restoration company Terraformation announced a new partnership on Monday to create storage for up to 50 million seeds in East Africa, including for projects in Kenya and Mozambique.

Standardised spot prices climbed to recover from last week’s dip, but sources over the past week reported a generally quiet over-the-counter bespoke market amid wide bids and offers.

Core Carbon Principles seeking to establish offset quality thresholds are likely to be rolled out gradually rather than letting existing projects face a "cliff edge" when the the market's Integrity Council for the Voluntary Carbon Market (IC-VCM) finalises its guidelines, a webinar heard on Monday. 

The European Commission will this week propose a mandatory EU target to curb electricity demand at peak hours, a leaked draft circulated on Monday suggested, revealing the EU’s executive is resisting pressure from member states to only set out voluntary goals.

Carbon prices rebounded sharply on Monday morning, erasing Friday's losses as the market reacted to an unexpectedly strong auction result, while energy prices fell for a second session after Ukrainian forces made significant advances against Russian occupiers over the weekend.

Around 120 companies have signed up to participate in the pilot phase of Japan’s voluntary carbon market, which begins later this month, according to news reports.

A year after Indonesia pulled out of its long-standing forest carbon partnership with Norway over delayed payments, the two nations have revived the cooperation in a move that will likely see the Scandinavian country pay for hundreds of millions of tonnes of CO2 from reduced deforestation in recent years.

A California headquartered renewable fuels company has signed a series of supply agreements for Sustainable Aviation Fuels (SAF) with ten airlines for a total value of around $7 billion.

The Thailand Stock Exchange (SET) has plans to introduce a carbon credit market to encourage the adoption of corporate sustainability goals, the president of SET said in an interview that was published on Monday.

Papua New Guinea officials have signalled the country’s moratorium on REDD+ projects for the voluntary market will last until COP-27 in November at least, when direction is expected to be given on whether the carbon project type will be accepted in Article 6 accounting rules.