Carbon Pulse

The UK government on Thursday announced fresh funding for ongoing efforts to boost species recovery in one of the world’s most nature-depleted countries.

The philanthropy arm of asset manager UBS has provided an impact loan designed to enable the manager of a group of essential Marine Protected Areas (MPAs) in the Philippines to implement a number of revenue-generating initiatives, in what the parties say is a transformative deal for ocean conservation.

French oil and gas major TotalEnergies launched on Thursday a call for tenders for the annual production of 500,000 tonnes of 'green' hydrogen, which will fall under the firm's strategy to decarbonise its European refineries by the end of the decade.

Australia’s Clean Energy Regulator has approved a project that will fund in part the Kullilli people’s purchase of the pastoral lease to its traditional land, from which it had previously been forcibly removed.

The Singapore Exchange (SGX) has listed an exchange-traded fund (ETF) that selects companies based on their climate actions, the largest equity ETF launched in the city state, with the support of asset manager BlackRock and index provider MSCI, it announced Thursday.

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

Countries must “supercharge” international collaboration across high-emitting sectors to get on track to curb global warming at no more than 1.5C, according to a report Thursday from the International Energy Agency.

A Canadian-headquartered environmental asset investor has signed a $213-million deal with a US-listed ‘blank cheque’ company to help it go public via merger.

The only viable way some of Australia's hardest-to-decarbonise industries will meet the emissions reductions targets mandated by a new and tougher Safeguard Mechanism is with a Carbon Border Adjustment Mechanism (CBAM), according to the CEO of one of the country’s largest emitters.

The first REDD avoided deforestation sovereign credits available for international trade under the Article 6 mechanism of the Paris Agreement are to be offered by Suriname, a precedent that is expected to be widely followed by other rainforest nations around the world.

Financial organisations from across the globe have asked an international standard-setting body on disclosures to prioritise researching biodiversity.

The British Columbia government on Wednesday released a new draft offset protocol for carbon capture and sequestration (CCS) projects, with different time horizons for monitoring permanence depending on the type of technologies and geologies used.

A US-based startup that connects small farmers to the carbon market raised seed funding from a group of venture capitalists and angel investors, the company announced Wednesday.

Bills to mandate climate-related financial risk disclosure and prevent voluntary carbon offset greenwashing on Tuesday passed both houses of the California General Assembly, as the two pieces of legislation were amended to have slightly weaker enforcement capabilities before the final votes.

California this week kept a step ahead of offset issuance levels seen at the same time last year, with nearly two-thirds of their distribution holding direct-environmental benefits (DEBs) to the state, ARB data published Wednesday showed.

The Washington state Department of Ecology (ECY) on Wednesday published the list of entities registered to hold allowances and offsets in the state's WCI-modelled cap-and-invest programme, with the number of companies roughly 75% higher than entities that have qualified to bid in auctions.

Pursuing an ambitious 2040 emissions reduction target will improve the fairness of the EU’s global contribution to climate action but the bloc needs higher carbon prices today to prevent costly price spikes in the coming years, experts said during a dedicated event on Wednesday.

A public-private network for investors in forests and nature in its first annual report on Wednesday highlighted a number of case studies demonstrating successful strategies for scaling nature-based solutions (NBS). 

The EU is "going to come back" to the topic of phasing out fossils during the year-end COP28 UN climate negotiations, an EU source said on Wednesday, suggesting that the bloc will try to fight for a global agreement despite continued resistance among key countries. 

REDD avoided deforestation carbon credit prices tumbled further on Wednesday, as corporate buyers continued to shun the market that is struggling to shake off hot air criticism and wait to see which units will be eligible for the ICVCM's integrity label.