Carbon Pulse

A programme for building nature projects up to investable standard is receiving funding from the UK government, but biodiversity credit-related initiatives will not initially be eligible.

Development of the UK Saltmarsh Carbon Code is being accelerated, with a first pilot version expected in late-2024, as experts come together to reach consensus around how to measure and validate the carbon sequestration rate of different saltmarsh ecosystems, a conference heard on Tuesday.

Food and beverage companies will be able to track progress against their science-based emissions targets down to ingredient level, with an improved software platform released on Tuesday by a sustainability intelligence company.

The UK and Germany will partner up to further advance hydrogen developments, the two countries announced in a joint press release on Tuesday, as a report published on the same day finds that domestic production of the low-carbon gas for European nations is likely to prove much cheaper than import reliance.

European carbon prices dropped by the most in nearly four weeks on Tuesday morning before consolidating, while gas prices fell back after a short squeeze on Monday had boosted prices by 11% as the market prepared for the expiry of the September TTF options contract.

An international NGO has denied local media allegations that it forcibly removed residents and burned homes as part of conservation efforts near a REDD+ project in Cambodia.

A global investor initiative has listed some of the world's largest companies that its financial sector partners will now pressure for tangible progress on addressing nature-related risks and dependencies.

Japan’s three largest shipowners on Tuesday announced their newly acquired stakes in a joint venture, as part of their effort to build up a global liquefied hydrogen (LH2) supply chain.

Australia could see a huge export boon and get closer to its targeted 43% drop in emissions by 2030 via investing to green three iron, ammonia, and aluminium, according to a report released Tuesday.

Governments need to separate climate from geopolitics so the transition to renewable energy can go much faster using tools the world already has, in order to keep on the narrowing path to curb global warming, according to the IEA in a report published Tuesday. 

Indonesian Prime Minister Joko Widodo launched the country’s national carbon exchange on Tuesday, as market observers say it will likely be primarily used by domestic players initially with several barriers to limit international interest for now.

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

US farmers are implementing sustainable agricultural practices irrespective of monetary incentives, and are also voicing concerns about the burdens of participating in the voluntary carbon market (VCM), according to an academic study published Monday that pointed to a resulting absence of additionality from such soil carbon projects.

RGGI Allowance (RGA) values remained unchanged from their year-to-date highs over the past week, as market participants expressed mixed sentiments to the release of materials published in advance of the next Third Program Review meeting.

UK fuel-from-waste exporters have urged the government to ensure domestic incinerators pay a comparable carbon cost to the EU once the waste sectors become part of the two carbon markets.

A Toronto-based carbon financier and a US reforestation company announced Monday a second streaming agreement that will generate credits from a post-wildfire forest restoration project in California.

A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.

A software startup has published pricing details of its platform as it targets future changes and technology needs in the voluntary carbon market (VCM) and EU deforestation regulation.

A Montreal-headquartered CO2 removal (CDR) project developer and a London-based direct air capture (DAC) company on Monday announced plans to demonstrate the technology at a facility in Quebec.

Policymakers around the world are getting it wrong on carbon removals and temporary carbon storage by placing them too high on the hierarchy of required climate action, campaigners warned in a pair of complementary reports on Monday.