Carbon Pulse

An international carbon standard based in Colombia has applied to the Integrity Council for the Voluntary Carbon Market (ICVCM) for programme eligibility under its Core Carbon Principle (CCP) system.

Determining “high integrity” in nature-based credits remains a major challenge even with ongoing reforms to carbon standards, experts told an industry conference on Wednesday.

The UK government is poised to confirm around £22 billion of funding over 25 years for two carbon capture and hydrogen clusters on Friday, after years of promises, according to a news report.

Europe will likely need to import more liquefied natural gas next year, tightening global gas fundamentals, if Russian gas supplies through Ukraine are stopped entirely, the International Energy Agency (IEA) has warned.

The Indonesian government’s decision to reopen sea sand export is likely to plunge the Southeast Asian nation into a blue carbon crisis, and harm its marine biodiversity, a report released this week has warned.

A US environmental commodities platform provider announced Thursday the acquisition of a revenue management company’s Low Carbon Fuel Standard (LCFS) and Renewable Energy Certificate (REC) services.

Importing Brazilian iron briquettes made with green hydrogen could reduce carbon emissions by 80% and help the EU’s industry meet its climate target for 2030 while avoiding a social bloodbath, according to the European steel industry association.

Article 6 is meant to create a UN carbon crediting and trading system, but it can also support adaptation and the overarching New Collective Quantified Goal (NCQG) financing target at COP29, experts have told Carbon Pulse.

A UK waste-to-energy operator is set to launch a new carbon measurement technology across its operational facilities by the end of the year, it announced on Thursday.

A huge REDD project in Kenya is fighting for survival after credit prices crashed in the wake of an investigation by the standard body Verra into allegations of sexual impropriety and improper employment practices.

A Brazilian fertiliser producer that utilises enhanced rock weathering (ERW) to sequester CO2 has renegotiated loans with its two largest creditors, according to a press release.

Researchers have identified previously-unmapped high marine biodiversity areas off the coast of Mozambique, paving the way for expanding the national network of marine protected areas (MPAs) and key biodiversity areas (KBAs).

Nature markets took centre stage on Tuesday at the European Parliament's environment (ENVI) committee meeting, with an EU biodiversity negotiator sharing concerns raised by some MEPs about the role of biodiversity credits in plugging the nature finance gap.

European carbon prices extended their recent lows on Thursday morning in choppy trading but were little changed at midday as traders nervously waited for directional signals, while energy prices were also flat.

BusinessEurope, an umbrella group representing national employer’s organisations, has called on policymakers to “reconsider” the planned phase out of free allowances under the EU’s Emissions Trading System (EU ETS), saying Europe should “be prepared” in case its new carbon border tariff scheme fails to deliver.

Nature is a significant topic for stakeholders in government-related investments, with its risks often overlooked by bond markets, consultants AXA Climate said in a report this week.

Europe’s industry needs greater electrification to compete with the likes of China and the US, according to research published on Thursday.

A UK-based startup has developed a method to break down waste plastics at the atomic level, which it said could support global efforts in advancing chemical recycling.

A major trading house in Japan has launched a system that can standardise and digitalise the work needed for creating domestically issued carbon offsets from forestry projects. 

Heavily forested Laos has issued a decree to "define principles" around cooperation in multilateral carbon market projects, a state-run newspaper said Thursday.