Carbon Pulse

With its certification for emissions' removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.

The Science Based Targets Network (SBTN) has launched a corporate pilot to develop the first scientific targets for seafood value chain impacts, ahead of the full roll out in mid-2025.

Social Carbon has opened a consultation on proposed updates to its standard for crediting voluntary projects, as well as the requirements for validation, monitoring, and verification, as it seeks to align with the ICVCM.

A fund for investing in projects that contribute to reaching global biodiversity targets has been launched by an environmental impact platform and a payments network.

Peatland could generate voluntary biodiversity credits for sale in combination with carbon credits in the UK next year under Peatland Code proposals launched this week.

The Clean Energy Regulator has written to entities covered under the Safeguard Mechanism raising concerns that they are not implementing strategies fast enough to meet their compliance obligations ahead of the February surrender deadline, a source has told Carbon Pulse. 

European carbon prices started the day sharply higher on Friday morning as traders reacted to the overnight attack by Israel on Iranian facilities, before falling back as markets appeared to price in a de-escalation of tensions in the region.

A German climate technology firm has entered a partnership in the US to create biochar carbon removals from wastewater sludge disposal.

India is seeking an exemption from Britain's planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.

The International Advisory Panel on Biodiversity Credits (IAPB) has launched its second consultation on the emerging biodiversity market, seeking to gather views on possible basic models.

China’s national carbon market saw allowance prices reach a fresh high again over the past week but with lower trading volumes, as observers expect tighter allocation of permits in the upcoming market plan.

A Danish environmental consultancy has released an open-access metric to measure the biodiversity value of sites in the Americas, seeking to inform restoration projects as well as supporting corporate disclosures on nature-related impacts and dependencies.

New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.

A state-owned water supplier in South Korea has secured partnerships with two Central Asian countries as it seeks to explore the potential of emissions reduction projects using renewable energy in the region.

Temasek subsidiary GenZero has partnered with the Voluntary Carbon Markets Integrity Initiative (VCMI) to substantiate the use case for technical products such as Sustainable Aviation Fuel (SAF) certificates and understand their potential role in high integrity carbon market infrastructure.

A major Japanese energy company has signed an initial agreement with India's biggest renewable energy firm on ammonia supply, the second such deal in recent months for a fuel deemed by the Indian government as eligible for export under Article 6 of the Paris Agreement.

An independent review of the link between sovereign debt and climate change is being launched by experts at the IMF and World Bank Spring Meetings on Saturday. 

A bill introduced by the Colorado House of Representative lawmakers to legislate a cap-and-trade system in the state on Thursday passed a committee amid polarising stakeholder sentiments.

En route to carbon neutrality at the end of the decade, US tech giant Apple plans to offset 25% of emissions across its value chain with voluntary carbon credits, it said in a progress report released Thursday.

Superannuation fund UniSuper on Friday announced a $400 million investment in the Macquarie Green Energy and Climate Opportunities Fund (MGECO), which invests in renewable energy and nature-based solutions.