Carbon Pulse

The VCMI's new code for corporate buying will accept carbon credits currently trading below $1 based on an "understanding" of improved quality, while the cross-stakeholder body will soon develop special provisions for specific buyers.

Spain submitted a draft version of its revised national climate and energy plan (NECP) on Thursday a day ahead of the deadline, setting a good example as it prepares to assume the six-month EU presidency while others member states were expected to run late with their plans. 

Talks of introducing “indicative checkpoints” instead of legally binding 2030 and 2040 emissions targets at this week’s International Maritime Organisation (IMO)’s closed-door working meeting would put a 2050 zero emission target for the shipping sector at risk, NGOs have warned.

There is huge variation between corporates in terms of their exposure to carbon pricing both within and between sectors out to 2030, with not one industry equally impacted by the risk of rising prices, an analytics and financial products firm said on Thursday.

A US venture capital firm has extended its partnership with a carbon market startup, agreeing to buy 1,000 tonnes of emissions removals credits in the process.

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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.

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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.

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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.