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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 5 min ago

UK should publish updated national biodiversity plan -report

Fri, 2024-04-12 00:59
The UK government should publish an updated National Biodiversity Strategy and Action Plans (NBSAP) setting out how it will deliver on international nature goals through disclosures, a report has found.
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INTERVIEW: Startup seeks to boost coffee yield, climate resilience with mobile biochar reactors

Fri, 2024-04-12 00:51
Improving the climate resilience of smallholder farms while strengthening coffee supply chains is the focus of a Swiss-Colombian startup looking to apply carbon-rich biochar to the soils of coffee plantations, with the sequestration monetised through the sale of removals.
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Voluntary carbon standard advances deforestation risk mapping plans for jurisdictional REDD

Fri, 2024-04-12 00:38
A voluntary carbon standard has made a step forward on a deforestation risk mapping tool for jurisdictional REDD projects by advancing work across the first set of forest-rich nations, it said Thursday.
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EU report flags differences between biodiversity disclosure initiatives

Fri, 2024-04-12 00:24
Key differences between the most prominent biodiversity disclosure initiatives have been examined in a report published by the EU Business & Biodiversity (B&B) Platform.
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INTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement

Thu, 2024-04-11 22:59
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
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EU lawmakers approve reform of power market, leaving room for ‘low-carbon’ gas

Thu, 2024-04-11 22:40
The European Parliament voted on Thursday to approve a reform of the EU electricity market design aiming to protect consumers from sudden price shocks, along with a plan to facilitate the uptake of 'low-carbon gases' such as hydrogen.
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Ocean CO2 capture developer raises extra funding to support technology scale-up

Thu, 2024-04-11 21:38
A California-based direct ocean capture (DOC) company has raised additional funding to support the commercialisation of its technology to harness the ocean's role in carbon absorption.
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Euro Markets: Midday Update

Thu, 2024-04-11 21:16
European carbon prices rose sharply on Thursday morning, erasing Wednesday's losses and setting a new 11-week high, as energy prices surged after Russia attacked Ukrainian energy and gas facilities.
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Serbia joins central and southern Europe regional energy exchange as part of preparations for CBAM

Thu, 2024-04-11 20:04
Serbia will join Hungary and Slovenia’s regional energy exchange to encourage development and as part of the country’s efforts to avoid having to pay the EU’s new Carbon Border Adjustment Mechanism (CBAM) fee, it announced this week.
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Japanese, Thai developers ink deal for JCM project

Thu, 2024-04-11 19:44
A Japanese project developer has entered into an agreement with a Bangkok-based firm for an afforestation project in Thailand under Japan’s Joint Crediting Mechanism (JCM), the companies announced Thursday.
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UK waste-to-energy plans to add CCS to generate carbon-negative power

Thu, 2024-04-11 19:35
A UK waste-to-energy company announced Thursday that it is moving ahead with plans to invest £200 million in carbon capture and storage (CCS) technology at a site in Wales, which it says will turn the plant into a carbon-negative power producer.
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“Ghost roads” tearing down tropical forests in Asia-Pacific -research

Thu, 2024-04-11 18:33
Almost 1.4 million kilometres of roads not marked in official road maps and often built illegally, known as “ghost roads”, are presenting a grave threat to tropical forests in the Asia-Pacific region, researchers have found.
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China releases ecological protection compensation scheme regulations, highlights market-based instruments

Thu, 2024-04-11 17:01
China has introduced state-level regulations governing compensation for ecological protection, as the government aims to encourage the use of market-based instruments such as carbon credit purchases. 
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SBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision -Reuters

Thu, 2024-04-11 16:56
An internal letter to the Science Based Targets initiative’s (SBTi) board and CEO has called for the non-profit's chief executive to resign and to reverse the decision to allow companies to use carbon credits to meet Scope 3 emissions targets, Reuters reports.
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China’s coal plant build hits new high in 2023, driving global growth

Thu, 2024-04-11 16:27
Global coal capacity rose last year, with China – the world’s largest LNG importer and biggest developer of new solar and wind capacity – accounting for two-thirds of that growth, according to a think tank report published Thursday.
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FEATURE: Pressure mounts to include plastic credits in UN treaty, verifiers point to increasing interest

Thu, 2024-04-11 16:00
Environmental market standards are intensifying their push to establish an international framework for plastic credits under the UN plastics treaty, even as experts raise concerns over the viability of recycling at scale.
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Australia should aim for 65-75% emissions cuts in 2035 NDC, Climate Change Authority paper says

Thu, 2024-04-11 15:56
Australia’s Climate Change Authority proposed an indicative 2035 emissions reduction target of 65-75% below 2005 levels in an issues paper released Thursday, saying additional actions would need to be taken by all sectors to reach it.
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Cotton demand driving deforestation in Brazil’s Cerrado linked to European fashion giants -report

Thu, 2024-04-11 15:00
Almost a million tonnes of cotton grown on deforested mega estates in Brazil’s biodiverse Cerrado region have been linked to the production of clothing and homeware for two of the world’s largest retailers, finds an investigation by an environmental NGO.
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California LCFS stakeholders call for increased stringency, biofuels remain controversial

Thu, 2024-04-11 12:31
Stakeholders voiced support for an increased step-down in the 2025 carbon intensity (CI) reduction benchmark, and expressed an array of enthusiasm, concern, and confusion regarding the role of biofuels in California's transportation system, at an informal workshop on Wednesday to discuss proposed amendments to the Low Carbon Fuel Standard (LCFS).
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Global investor to vote against Woodside Energy’s climate plan, chair re-election over carbon credit use

Thu, 2024-04-11 11:28
A global investor intends to vote against Woodside Energy’s climate strategy at its upcoming annual general meeting, in part over its reliance on carbon credits to meet the company’s Scope 1 and 2 emission reduction targets, it announced Wednesday.
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