Carbon Pulse

G20 countries are advancing their efforts to scale 'bioeconomy' as a means to promote sustainable models that foster biodiversity conservation, though actions must be taken to enhance convergence and comparability between different national approaches, a study has said.

Kazakhstan has become the latest country to join the Global Carbon Pricing Challenge (GCPC) – an initiative aiming to cover 60% of the world’s emissions with carbon pricing by 2030 – the Central Asian nation announced Tuesday.

Government agencies in South Korea will start a discussion around a carbon finance product that allows companies to repay loans with carbon credits, according to local media reports.

ICAO, the UN agency that operates CORSIA, has confirmed the eight voluntary carbon standards that submitted material updates to crediting programmes as they seek eligibility for the current phase of the UN's international aviation offsetting scheme.

The Organisation for Economic Co-operation and Development (OECD) has joined the chorus of voices calling for reforms to New Zealand’s emissions trading scheme alongside addressing emissions in the agriculture sector, it said in an annual survey.

A report highlights the significant potential within the global agrifood system to slash nearly a third of the world's greenhouse gas emissions through accessible and cost-effective measures, all while meeting the needs of a growing population.

The Canadian government released on Monday a methodology to generate carbon offsets from forest management practices on privately held land.

The Australian Securities and Investment Commission (ASIC) is consulting on updates to its regulatory guidance for carbon market participants in relation to financial services licensing requirements, it announced Monday.

A baseload North Dakota coal plant secured a $5.1 million award for a carbon capture, utilisation, and storage (CCUS) project, a US senator reported Friday.

A bill that lays out provisions for geologic carbon capture and storage (CCS) in Alabama passed the legislature last week, and is now headed to the governor’s office to be signed into law.

RGGI allowance (RGA) rallied to an all-time high on Thursday but retreated in the following two days, with market participants largely not expecting prices to continue on their recent upward trajectory in the short term.

European carbon allowance prices gained as much as 3.4% on Monday, approaching a key technical resistance level in the morning before tailing off, as they took cues from an early gas rally, supportive renewable generation and temperature forecasts, and tighter auction supply this week.

Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.

The Indonesian forestry concession holder of the troubled Rimba Raya REDD+ scheme on Monday said it had terminated its agreement with the project proponent, plunging the world's largest forestry offset project deeper into chaos.

The European Commission should extend the scope of its emissions monitoring tool on flights to also cover non-CO2 gases, according to a letter sent by airlines and NGOs on Monday to the Belgian presidency of the Council and the responsible Commission units.

Existing human-induced regeneration (HIR) carbon projects that get folded into Australia’s integrated farm land management (IFLM) method could see their credit issuance halved due to more stringent requirements, analysis has warned.

The EU’s carbon market diplomacy taskforce was formally launched on April 1 by the European Commission’s climate directorate and a new head has been appointed, an EU official confirmed.

A French-based environmental company has started piloting a biodiversity credit methodology for nature conservation and restoration projects in Mexico, with the first results expected by the end of October, Carbon Pulse has learned.

A newly-launched project aims at accelerating and scaling nature-positive efforts by businesses, financial institutions, and European governments.

Germany has launched a search for contractors to assist the government of Kosovo in preparing for the EU’s carbon border adjustment mechanism (CBAM) and to establish a regional ETS in the Balkans.