Carbon Pulse

The six-nation Coral Triangle Initiative is launching a conservation fund with initial contributions from German development bank KfW and USAID to back its new action plan for marine protection.

A consortium of groups has begun developing a methodology to use carbon finance to transition emerging economies away from coal-fired power to renewable energy, with plans to present the method at COP28 in Dubai, they announced Wednesday.

Pre-issuance credits for a European soil carbon scheme expected to be certified by Verra before the end of the year are being snapped up between €50-60 amid a spike of interest in the fast-growing voluntary market, a project developer said on Wednesday.

Australia on Wednesday appointed the chair and advisory board of its newly-established Net Zero Authority (NZA), tasked with guiding the country’s economic transition to net zero emissions.

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

A Canada-headquartered carbon mineralisation firm has announced partnerships with nickel producers across three continents as it targets boosting its CO2 removal activities at mine sites.

The New Zealand government’s latest NZU auction, held Wednesday, has been declined as predicted because the clearing price did not meet the minimum price settings, it announced.

Paraguay’s largest REDD+ project is set to receive its first batch of carbon credits.

A US-based carbon reductions and removals firm has raised $9.4 million in a Series A funding round.

California Carbon Allowance (CCA) prices briefly sold off on Tuesday after state regulator ARB and the Quebec environment ministry released presentation slides for Wednesday’s workshop to discuss potential amendments to the WCI-linked cap-and-trade programmes, including more ambitious GHG reduction scenarios both before and after 2030.

Carbon market participants expect EUA prices to average more than €100/tonne by the next two to three years as the impact of recent reforms tightens supply, according to a survey published Tuesday that adds how voluntary carbon market trading volume is predicted to rise again after last year's decline.

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California’s WCI-linked cap-and-trade programme has not proved successful at decoupling emissions and economic growth, serving as a warning to jurisdictions considering such a policy, according to a new regionally focused study that employed limiting parameters and a narrow frame of reference.

A glimpse into the future sees clean hydrogen abating up to 85 billion tonnes of CO2 in cumulative emissions by 2050, equivalent to around two year's worth of current global CO2 output, according to a consultancy report published on Tuesday mapping out a net zero 2050 pathway.

The European Commission published on Tuesday a first call for feedback on the bloc's carbon border adjustment mechanism (CBAM), with the measure's transitional phase due to start in October. 

The European Commission on Tuesday expanded and updated its criteria for economic activities that can be listed as 'green' under the EU’s guidance for sustainable investing, raising the bar compared to a draft version.

An Amsterdam-based climate tech startup on Tuesday announced a $6 mln fundraise it will utilise to ramp up its CO2 storage and utilisation potential for agriculture operations and set up an American branch.

The solar power industry set a new record for new capacity installations worldwide for the tenth straight year in 2022, adding 45% or 239 GW despite supply bottlenecks, according to a report published on Tuesday that predicted continued strong growth through 2030.

A UK forestry fund that has seen a wave of expansion over the past year expects to create around 1 million carbon credits from across its portfolio of afforestation projects, it said in quarterly results on Tuesday.

French President Emmanuel Macron is seeking international support for a global carbon tax on the shipping industry ahead of a summit France is co-hosting later this month.