Carbon Pulse

Terraformation, a global forestry company led by former Reddit CEO Yishan Wong, has announced the advancement of the first cohort of its Seed to Carbon Forest Accelerator to the second phase of the programme.

A series of studies released by the US arm of the Forest Stewardship Council (FSC-US) show that forests certified by the international non-profit in North America hold more carbon compared to commonly managed forests.

South Pole chief executive Renat Heuberger is stepping down from his position with immediate effect after losing the support of the board of the company in the wake of last month’s suspension by certifier Verra of the Kariba REDD project in Zimbabwe, the company said on Friday.

The spot price in China’s national emissions trading scheme (ETS) extended recent losses over the past week amid sustained liquidity, while the domestic offset market saw improved trading volumes despite unclear supply outlook.

Prime Minister Anthony Albanese has announced a pact with low-lying Pacific Island nation Tuvalu to allow residents facing worsening climate change impacts the option to resettle in Australia.

A British international bank may enter carbon markets via bonds next year, but in Indonesia the scale of the market must match the bank’s large-scale appetite for investment, a conference heard this week.

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

Norway and Senegal on Thursday signed a Memorandum of Understanding (MoU) to cooperate under Article 6 of the Paris Agreement, the second such deal the Scandinavian country signs in just two weeks.

Canadian oil sands producers accept the need for a cap on oil and gas emissions, if done appropriately, which could also drive further investment into carbon-cutting technologies, attendees at a climate conference heard Thursday.

The livestock industry is championing a new metric for estimating its climate impact that allows it to minimise reported emissions while putting poorer nations at a disadvantage, according to a sustainability campaign organisation that is urging a different approach as the sector comes increasingly into focus.

Implementing a federal cap-and-trade policy in the US would complement the Inflation Reduction Act and help reduce both air pollution and retail electricity prices, ensuring the country reaches its climate goals for 2030.

California Carbon Allowance (CCA) values made new all-time highs on two occasions before sharply declining in the week preceding the fourth quarterly auction, while Washington Carbon Allowances (WCAs) prices dropped as positions were rolled, market participants said.

California's Environmental Justice Advisory Committee (EJAC) to state regulator ARB on Thursday recommended several limitations to the cap-and-trade programme, while experts from a Washington, DC-based think tank presented their findings on facility-specific emission reductions.

Colorado will fall behind it's 2030 GHG mitigation target by almost 11 million tonnes a year, but a series of legislative actions and regulatory rule changes can speed up progress, according to new analysis.

Spain's Ministry of Agriculture, Fisheries and Food (MAPA) has embarked on an extensive project to analyse the carbon content in agricultural soils across 16,000 plots.

European co-legislators found a provisional agreement late Thursday night on a bill to restore at least 20% of the bloc’s land and sea areas by 2030, after a long day of closed-door negotiations.

A circuit court of Virginia dismissed three of four plaintiffs participating in a legal challenge to Governor Glenn Youngkin’s (R) repeal of the state's RGGI programme, and transferred the appeal of the fourth plaintiff to another court.

Canadian allyship key to energy security and supply chain concerns as the country ramps up its industrial response to climate change, a US official noted at a conference on Thursday.

The Latin America and the Caribbean (LAC) farming sector has immense potential for attracting green investment through the voluntary carbon market, the multi-stakeholder Voluntary Carbon Market Integrity initiative (VCMI) and partners asserted in a policy brief published on Thursday.

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