Carbon Pulse

Underestimating soil health when tracking the progress of nature restoration projects could lead to unreliable or incomplete assessments, a biodiversity expert with infrastructure consultants AECOM has said.

Puro.earth is set to revise its methodology for crediting voluntary carbon removals from biochar projects and is inviting feedback on the current text before opening a three-week long public consultation in July.

A clean cooking summit due to be held in Paris next week, organised by the International Energy Agency, will place a significant focus on voluntary carbon markets as governments and private sector stakeholders seek to address current gaps in climate finance flows to Africa.

European carbon prices dropped steeply on Tuesday morning amid robust selling as traders took profit after EUAs failed to breach the psychologically important €75.00 level for a third time, while energy markets also drifted as forecasts called for higher temperatures later this week.

An Ecosystem Condition (EC) Protocol for standardising the measurement of ecosystem conditions across corporate reporting and biodiversity markets, with a similar format to the Greenhouse Gas (GHG) Protocol, aims to launch a draft version this year.

Collective grid capacity across 25 EU member states needs to more than double by 2035 in order to meet the Paris Agreement goal to keep global warming below 1.5C, according to research published on Tuesday.

Nature restoration practices across Latin America lack effective tools to quantify their outcomes due to prohibitive monitoring costs, which hamper the long-term success of the projects, a study has revealed.

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.