Carbon Pulse

Two Brazilian states expect the issuance of their first batch of carbon credits in the next week and within the next few months, and also anticipate volumes in the hundreds of millions more in the future, as both continue their efforts to develop the carbon market in their jurisdictions.

California regulator ARB issued the highest number of compliance-grade offsets thus far this year and all with direct environmental benefits (DEBs) to the state, raising year-to-date totals above 2023 levels for the first time, data published Wednesday showed.

Concerns have been raised over how the EU allocates revenue from its carbon pricing mechanisms, specifically the Carbon Border Adjustment Mechanism (CBAM) and the EU Emission Trading System (ETS).

Upcoming negotiations at the fourth Intergovernmental Negotiating Committee (INC-4) meeting in Canada on a ‘global plastics treaty’ must set targets to reduce plastics production, a policy officer at Ocean Conservancy told Carbon Pulse, though the private sector favours recycling.

Commercially viable biodiversity-related investments in developing economies for climate adaptation have been identified in a guide by Standard Chartered, KPMG, and the UN Office for Disaster Risk Reduction (UNDRR).

The US Department of Energy (DOE) on Wednesday announced an $18.8 million funding initiative to advance R&D for converting algae and wet waste feedstocks into biofuels and bioproducts.

A European Green Deal 2.0 is not only necessary but beneficial to addressing economic challenges persisting across the EU, according to a report published on Thursday.

A California Senate bill that imposes stricter oversight on environmental claims using carbon offsets passed committee on Tuesday, despite industry opposition.

The US may be a leader on CO2 removal technology (CDR), but greater federal support in driving demand, R&D, and demonstration and deployment is needed to fulfil national emissions reduction goals, a report published Wednesday found.

The European Parliament on Wednesday approved the first EU-wide law aimed a cutting potent methane emissions from the energy sector, including fossil fuel imports. 

The European Parliament agreed Wednesday to postpone by two years a deadline for adopting sector-specific European Sustainability Reporting Standards (ESRS), giving companies more time to adapt to the first set of rules.

The European Parliament on Wednesday (April 10) gave the thumbs up to an EU law aimed at cutting CO2 emissions from new heavy-duty vehicles by 90% as of 2040.

The world’s major economies and multilateral development banks must lead the way in redirecting trillions of public and private funds towards climate action in the countries that most need it, the head of the UN’s climate unit said on Wednesday. 

Indigenous Peoples should "explicitly reject" proposals for the biodiversity credit market as they will promote offsetting, a think tank has said.

A European Emissions Trading Scheme (ETS) that pioneers carbon pricing for food and agriculture is essential to reach global decarbonisation goals, argues a report published on Wednesday (April 10).

The European Parliament voted in favour of EU co-legislators' deal on the world's first framework to define carbon removals on Wednesday, bringing the legislation close to the finish line.

A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation's role in the broader fight against climate change.

The Italian government’s close relationship with partly state-owned fossil fuel producer Eni complicates Italy’s plan to become carbon neutral by 2050 and threatens its reputation as a credible climate leader.

A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.

Two-thirds of the carbon credits generated by restoration projects and issued to date are associated with biodiversity-positive methodologies, though carbon standards following the UN Clean Development Mechanism (CDM) have failed to advance their nature requirements, a study has shown.