Carbon Pulse

European carbon prices ignored weakness in other markets on Thursday morning, erasing much of the previous afternoon's loss, while energy prices declined for a second day despite forecasts for weaker renewables generation.

A 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).

California-based Open Earth Foundation on Thursday published a whitepaper outlining a potential system for integrating nature-based currencies (NBCs) into the broader economy.

An Australia carbon blockchain company has received a funding injection from an agricultural investment firm ahead of the beta-launch of its platforms next month.

Japan should provide more institutional support for the development of the emerging carbon dioxide removal (CDR) market, such as expanding the scope of existing offset crediting schemes, a government-appointed study group has urged.

A biodiversity startup using data analytics to try and scale investment in measurable nature positive outcomes, including via biodiversity crediting, plans to use a recent fund raise to grow out its platform, capture more species data, and expand its team in a bid to make 'naturewashing' a thing of the past.

Oil and gas companies have no plans to phase out fossil fuels, according to a study that assessed the world's top fossil fuel companies and found most still have plans to increase total oil production this decade.

Despite the market recently being inundated with Australian Carbon Credit Units (ACCUs), a major bank’s report expects the unit price to rise thanks to compliance demand created by the Safeguard Mechanism.

Korean Air, South Korea's largest carrier, has partnered with a major domestic oil refiner to push for the commercialisation of aviation biofuel, an initiative that will receive support from the government, it announced on Thursday.

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

The Australian government will conduct a full audit of environmental offsets to crack down on developers shirking their responsibilities to protect nature, it announced Thursday.

The World Bank-backed Carbon Opportunities Fund and Sumitomo Corporation of Americas (SCOA) have conducted one of the first transactions of tokenised carbon credits using the Climate Action Data Trust (CAD Trust), built on the Chia blockchain.

Global temperatures could increase by a further 0.2C by 2100 if all of the world’s remaining recoverable oil is burned, analysts have estimated.

The UK government on Thursday announced new investments and measures to preserve lowland peat, in an effort to combat climate change and protect the country's natural resources.

The global clean energy transition is supported by ambitious pledges from oil majors to achieve net zero emissions by 2050, but a new study suggests these corporate commitments may not result in a significant shift away from fossil fuels thanks to a heavy reliance on carbon offsetting.

Colombia's efforts to combat climate change through deforestation policies face a critical test, with a further 1.3 million hectares of forest at risk of being converted to agricultural land by 2040, warns a new report.

Courts worldwide have been facing more and more cases against companies accused of ‘climate-washing’, researchers revealed in a report published Thursday.

California Carbon Offset distributions increased over the past two weeks to climb closer towards 2022 levels at the halfway point of the year, as millions of credits lost their invalidation risk recently, according to government data published Wednesday.

Bioenergy with carbon capture and storage (BECCS) can play an important role in decarbonising the US economy, but more incentives are needed as existing policies don’t sufficiently support accelerated deployment.

Companies should consign “carbon neutrality” claims to the dustbin, the Voluntary Carbon Markets Initiative (VCMI) advised on Wednesday as it launched guidelines for buying carbon credits that it hopes will inject heavy doses of confidence and capital into the voluntary carbon market and end accusations of greenwashing.