Carbon Pulse

A Swedish drone firm has been granted a €2.7-million grant by the government for a three-year project to refine forest-thinning technology it says will reduce the need for energy intensive, habitat-wrecking heavy machinery on the ground.

Anglo-Australian miner Rio Tinto has bought a stake in a local Australian carbon project developer to secure a supply of carbon credits to offset emissions from its operations under the Safeguard Mechanism.

After weeks of negotiations, the National, Act, and NZ First government on Friday revealed the makeup of their cabinet, having agreed to a power sharing arrangement which says the review into the country’s emissions trading scheme will be scuppered.

This Associate Scientist position, housed in Conservation International’s (CI) Moore Center for Science, will lead methodological development technical analysis, stakeholder engagement, and project coordination associated with the joint CI-UCSB project 'Spatial Planning for Climate Change: Land Use for Conservation, Agriculture, and Energy' (SPARCLE).

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

Canada's federal government amended its ‘backstop’ output-based pricing system (OBPS) Wednesday to increase the stringency of covered entities’ GHG emissions per unit of output, now set to decline at a fixed tightening rate with no end date, resulting in estimated net benefits that offset the costs to Canadian household welfare.

Global GHG output may reach its peak this year, meeting an IPCC deadline, but emissions could still exceed the IPCC's 2030 GHG target deemed necessary to limit global warming to 1.5C, according to a report by a climate think-tank.

The Board of Executive Directors at the World Bank has approved a recommendation to investigate the lender's own development project in Tanzania after allegations that more than 20,000 people are being violently evicted and their cattle illegally seized to make way for the expansion of the Ruaha National Park.

Global Carbon Council (GCC) has received letters of authorisation from Oman and the UAE for projects to offer correspondingly adjusted (CA) carbon credits on its registry, as part of expansion plans that involve adding a CCS methodology and gaining eligibility for phase one of CORSIA, a senior executive at the carbon credit certifier has told Carbon Pulse.

The EU contributed €28.5 billion in climate finance to developing nations from public sources last year, up from €23 bln in 2021, according to figures approved by the Council of member states on Thursday that also outlined a further €11.9 bln mobilised from private sources. 

Carbon credit certifier Gold Standard on Thursday launched a consultation on a new methodology for phasing out coal power while ensuring a just transition to clean energy, adding to the voluntary carbon market initiatives seeking to accelerate the world's exit from the emissions-intensive fossil fuel.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Forests managed by Indigenous and local communities have better outcomes for carbon, biodiversity, and livelihoods than tree planting alone, a study published on Thursday in a scientific journal has found.

A UAE-based stock exchange will debut a pilot programme for trading carbon credits at COP28 aimed at institutional investors, according to a release Thursday.

An English farm has committed almost all of its biodiversity net gain (BNG) units in sales to local housing developers, Carbon Pulse has learned.

A Brazilian food producer was found to have by far the most negative impact on global deforestation rates, according to a global corporate ranking released Wednesday that also awarded negative scores to several major financial institutions for their lending policies.

The European Commission launched its first EU green hydrogen auction on Thursday with €800 million up for grabs for European projects, while also opening up this year's €4 billion call for proposals for net zero technologies under the bloc's ETS-financed Innovation Fund.

An organisation representing the UK’s 15 national parks is looking to secure fresh partnerships with the private sector for nature restoration opportunities and investment, as new research suggests that the price of UK nature-based carbon credits could rise to £150 ($188) per tonne by the end of the decade.

European carbon permits traded around their recent support levels on Thursday morning as an "arm-wrestle" between bulls and bears focused Dec-23s in a narrow channel, while energy markets were modestly firmer amid a lack of strong demand indications even as temperatures seem set to decline.

A UK-based carbon exchange on Thursday has announced its plan to launch its India chapter in December in collaboration with an Indian environmental solutions provider.