Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 25 min ago
EU keeps focus on clean energy and minerals in Global Gateway aid deals
The EU has put a particular emphasis on renewables and critical raw material's chains when mobilising €300 billion through its Global Gateway programme for developing nations, aid deals signed on Wednesday and Thursday showed.
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US govt announces $36 mln for development of marine CO2 removal methods
The US Department of Energy (DOE) announced Thursday the allocation of $36 million for 11 marine CO2 removal (mCDR) projects across the country, as the agency expands its support for advancement of the nascent technology.
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Biodiversity Pulse: Thursday October 26, 2023
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).
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US-based voluntary carbon market platform adds removals to its portfolio offerings
A California-headquartered carbon solutions provider announced Thursday that it will offer clients access to carbon removal credits based on an array of project types in the latest version of its signature product.
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European Commission seeks opinion on which carbon removal methodology to develop first
The European Commission is open to feedback on which carbon removal methodologies it should focus on developing first, according to an official speaking on Thursday at the close of a two-day forum focused on designing blueprints to credit industrial carbon removals.
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Agtech company expands soil carbon projects into Eastern Europe, including Ukraine
An agtech company has announced a major European expansion to increase sponsored farmland by over 500,000 hectares and enable farmers to generate upwards of 300,000 soil carbon credits a year.
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Landbanking launches nature equity platform with $11 mln
Landbanking Group has launched a platform for buying improvements in nature over areas of land, with $11 million in financing from investors.
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Foundation rapidly grows portfolio of ‘meaningful’ climate projects
A foundation, largely funded by companies charging an internal carbon price to cover emissions, this year aims to almost double the number of projects it supports as an alternative to offsetting for beyond value chain mitigation.
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Public-private partnerships can ensure finance flows to global biodiversity targets, says consultancy boss
An Italian environmental consultancy told Carbon Pulse that its public-private model can enable private sector finance to flow into improving biodiversity outcomes while ensuring cohesion with targets agreed under the Global Biodiversity Framework.
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Carbon markets advisory firm to launch interactive map of global forest offset projects
An analysis and consulting firm is to launch an interactive map showing the location of voluntary carbon forest projects around the world using data pulled from all major offset registries, as it hopes to provide greater visibility for verification bodies, regulators, and market participants.
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Asset manager completes £300m fundraising for forestry carbon credits fund
A London-headquartered investor has secured the target figure of £300 million for its forestry and carbon credits fund at its final close, Carbon Pulse has learned.
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Euro Markets: Midday Update
European carbon prices broke below two key support levels on Thursday morning, though trading remained within a fairly narrow range as participants eyed tests of further support levels, while energy markets were little changed.
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Use Article 6 to fund trillions of dollars in grid investment, conference hears
The cost of capital has risen making borrowing tough for developing countries, but a Harvard economist believes he has found a way to solve the issue by leveraging Article 6 in a novel way to build large-scale transmission infrastructure.
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Japan certifies over 100 OECMs in bid to drive private sector biodiversity action
Japan’s environment ministry this week concluded the certification of 122 sites across the country as Other Effective area-based Conservation Measures (OECMs), its core policy to incentivise businesses to contribute towards the country meeting its 30 by 30 biodiversity protection targets.
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Verra provides key dates on digitalisation rollouts, working on ICVCM application
Global carbon standard Verra laid out the next steps in its charm offensive at a conference on Thursday, as it works to reform itself in response to evolving expectations and standards from stakeholders.
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Indian verification standards lack integrity, sacrificing the overall quality of credits -expert
The verification standards followed by carbon market participants in India lack integrity and the government can make better use of the existing standards approved internationally, an expert told a conference Thursday.
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Don’t wait around for digital MRV standards to develop, move now -World Bank
Digitalisation of the carbon credit verification process could and perhaps should spell the end of the current MRV process and VVBs, according to a senior World Bank official speaking Thursday at a conference.
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Australia Market Roundup: Govt commits A$69 mln to renewable hydrogen hub, ACCU issuance drops
The Australian government will invest A$69.2 million ($43.3 mln) to develop a renewable hydrogen hub in Queensland, it announced Thursday, as the latest weekly issuance of Australian Carbon Credit Units (ACCUs) fell to just 40,000 units.
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Fiji signs MoU with Korean company for mangrove project
The Pacific island of Fiji on Thursday signed a Memorandum of Understanding (MoU) with a South Korean conglomerate on a project to plant and restore mangroves to reduce carbon emissions.
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CP Daily: Wednesday October 25, 2023
A daily summary of our news plus bite-sized updates from around the world.
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