Carbon Pulse

Singapore has signed another Memorandum of Understanding (MoU) for bilateral collaboration on carbon credits in alignment with Article 6 guidelines, this time with Colombia, Singapore’s Ministry of Trade and Industry has announced.

Australian Greens leader Adam Bandt has announced his party will guarantee safe passage of the Labor government’s climate bill through the Senate, including the target to reduce emissions by 43% from 2005 levels by 2030, but has also vowed that the party’s fight to stop new coal and gas projects will go on.

An Australian upstream oil and gas company has secured the right to develop and generate carbon credits from three REDD+ projects in Zimbabwe spanning over 300,000 hectares.

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

*PREMIUM LISTING - Volkswagen ClimatePartner GmbH is looking for a Freelancer (m/f/d) or a Company to support in screening, planning, developing, and managing GHG emission reduction projects mainly in Africa.

*PREMIUM LISTING - Volkswagen ClimatePartner GmbH is looking for a Freelancer (m/f/d) or a Company to support in screening, planning, developing, and managing GHG emission reduction projects mainly in Brazil.

*PREMIUM LISTING - Volkswagen ClimatePartner GmbH is looking for a Freelancer (m/f/d) or a Company to support in screening, planning, developing, and managing GHG emission reduction projects mainly in China.

Emissions recorded under Massachusetts’ Global Warming Solutions Act (GWSA) cap-and-trade system increased in Q2 of this year compared to 2021, according to data updated Monday.

US biofuel credit (RIN) values on Tuesday rose to highs not seen since early June, which market participants attributed to demand from Renewable Fuel Standard (RFS) importers and declining ethanol producer margins.

New York-headquartered hedge fund Kepos Capital has raised over $76 million for a new carbon-focused investment vehicle, as financial interest in the space steadies into the late summer.

A technology company announced Tuesday that its proposed project to scale up regenerative agriculture is the first in the US to enter the validation round under Verra’s Verified Carbon Standard, with the related protocol potentially seeing significant credit issuance from other jurisdictions.

The appointed body overseeing the UN's new carbon crediting mechanism met for the first time last week to hammer out an agreement on several procedural elements crucial to advance Article 6.4, but left much to be done ahead of a targeted end-2023 timeline for trading to begin.

A US-based firm on Tuesday released the first in a series of “science-led” standards for carbon removals in the voluntary carbon market (VCM), with the new protocol for bio-oil sequestration promising permanent emissions sequestration in contrast to some nature-based solutions. 

EUAs rose for a second day as the annual cut in auction volumes continued to inspire buying interest amid low screen-based trading volumes, while German year-ahead electricity prices set a new record and natural gas prices continued to advance amid continuing uncertainty over Russian supplies.

A New Zealand marine science research organisation is spearheading a cutting-edge seagrass restoration project, backed by the country’s government and several high-profile companies, hoping it can be applied to larger-scale projects across the country.

Ten new nature-based offset futures will be introduced by the Intercontinental Exchange (ICE) in mid-August as it looks to snatch market share from rival Chicago Mercantile Exchange (CME) by adopting a longer timeframe for companies looking to hedge their carbon emission exposure

Despite the lack of policy direction for the national government, some Chinese project developers are moving to develop grassland-based carbon sequestration schemes, initially targeting foreign buyers.

The UN Climate Change Global Innovation Hub and the Bank for International Settlements (BIS) have joined up with a group of financials, tech firms, and industrials to produce proof of concept for a blockchain-based carbon unit derived from green bonds that are linked with country NDCs under the Paris Agreement.

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

South Korea has established an International Reduction Council to handle the nation’s involvement in Article 6 of the Paris Agreement, as Korea Environment Corporation (KECO) this week announced a second round of pilot project funding.