Carbon Pulse

A court has ordered the German government to set up a climate action plan to adequately tackle emissions in the traffic and construction sectors, adding to Berlin's recent climate policy woes.

The publishing of draft legislation on the UK’s biodiversity net gain (BNG) framework has been broadly welcomed, but its planning permission proposals have triggered concerns about "serious risks" among ecologists.

Independent carbon credit certification bodies and the EU’s own carbon removal certification efforts are likely to coexist in the removals market once the EU methodologies are issued, experts said during a webinar on Thursday, though this is not likely to occur before 2026.

An open letter signed by multiple environmental groups has urged signatories to the UN Paris Agreement to protect countries against what they describe as "landgrabs" from carbon project developers.

European carbon prices were firmer in Thursday morning trade despite an early effort to test the recent low, as traders appeared to be switching focus to the options market with the December contract having just two weeks left till expiry, while energy markets rose for the first time in five days.

A consortium of groups and organisations in Scotland on Thursday announced an investment plan for a new restoration project that in part will rely on a partnership with a nature fintech platform that recently won a contract with the government to develop a biodiversity credit system.

A Chinese project developer has secured a mangrove-based carbon sink project in Indonesia, as it continues to expand its presence in the international voluntary market. 

A new coalition is seeking to speed the uptake of sustainable aviation fuel (SAF) arguing that high prices keep demand low but low demand keeps prices high as it prevents economies of scale developing.

A large European utility has formally launched a subsidiary based in the UAE as it aims to scale involvement in carbon markets, according to a release Thursday.

A French initiative launched this week to develop a methodology for assessing the biodiversity benefits of activities, a move expected to underpin the creation of voluntary biodiversity credits.

It's Day 1 of COP28 and enough delegates to fill a mid-size city – nearly 100,000 – are arriving en masse at Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

A daily summary of our news plus bite-sized updates from around the world.

Identifying and prioritising mitigation technologies or activities could assist East African countries in developing “positive lists” that can be used to help combat climate change through the operationalisation of the Paris Agreement’s Article 6, according to a new study.

Plans by the new right-wing coalition government in New Zealand to lift the ban of offshore oil and gas exploration will make things uncomfortable for the country’s negotiators at COP28, according to observers, with the Pacific nation often taking an outsized leadership role at the UN climate talks despite its small size.

The New South Wales (NSW) state parliament on Thursday passed legislation that will make its emissions reduction targets legally binding, the government announced.

An Australian pipeline company has signed on a junior partner to develop more biomethane as it takes steps to decarbonise its operations longer term.

Voluntary market exchange operator Xpansiv announced late Wednesday that it had dumped more REDD projects from its N-GEO Standard Spot Contract after Verra listed them as ‘on hold’.

Varying degrees of debt financing could present a new challenge to European firms striving to achieve the emissions reductions required under the EU’s Green Deal and Fit for 55 initiatives.

Australia’s GHG emissions have risen by 4 million tonnes of CO2e in 2023 and although the government is pursuing a “broad and deep” climate policy agenda it has yet to translate to falls in GHGs, a report by the country’s Climate Change Authority said Thursday.

ICE is introducing Trade at Settlement (TAS) capability for some California Carbon Allowances (CCA) futures starting December, the exchange announced Wednesday.