Carbon Pulse

Ten Indian states have approved over 500 plots of degraded forest lands for inclusion in the government's Green Credit Programme despite experts and environmentalists objecting the scheme rules could have devastating impact on ecosystems.

European carbon prices rose to their highest in three months on Friday morning, extending Thursday's 8% gain, as short-covering continued to drive the market, while also helping boost energy prices to their strongest in more than two months.

A lawmaker from the libertarian Pirate Party in tiny Luxembourg is fighting to have a groundbreaking regulation approved that would be the first in the world to provide an incentive scheme for carbon removal (CDR) technologies. 

The Taskforce on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) have announced they are tightening their collaboration to better support corporate nature and biodiversity reporting.

Chinese carbon allowances have retreated from the all-time highs seen in previous weeks with healthier trading volumes,  but remain well above the 80 yuan ($11.05) threshold amid continued optimism for the market.

Environmental degradation means some 1 billion tonnes of soil inorganic carbon (SIC) every year leaks into inland waters, with countries like China and India particularly affected, a group of researchers has found.

Germany’s largest steelmaker has announced plans to reduce output by around 20% because of consistent high energy costs "owing to climate policy objectives" and pressure from Asian competitors, the company’s executive board said Thursday evening.

Developing free and open-source monitoring tools is crucial as corporates' interest in disclosing their biodiversity footprint is increasing, the director for biodiversity at the European Commission said Thursday.

Donor funding for tenure and forest guardianship by Indigenous Peoples, Afro-descendant Peoples, and local communities increased by a third over the last eight years, though few resources directly reached on-the-ground organisations, a report has found.

The Australian government is consulting on how to implement its Capacity Investment Scheme (CIS) in Western Australia, as observers react to its Future Made in Australia Act announcement.

Japan in its latest annual emissions inventory report included carbon removals from environmentally friendly concrete products and seaweed beds, the first country to do so, the environment ministry announced Friday.

Vietnam sees potential in generating carbon credits from its coconuts, with a local study suggesting plantations in one province could absorb anywhere from 1.9-5.8 million tonnes of CO2.

The NZU price fell 5% on Thursday following remarks from New Zealand’s Finance and associate Climate Minister Nicola Willis that advice from the Climate Change Commission is “not gospel”.

California’s current Low Carbon Fuel Standard (LCFS) credit values do not adequately incentivise market players to realise the potential for growth within the sustainable aviation fuels (SAF) industry, an analyst told webinar participants Thursday.

The US Environmental Protection Agency (EPA) released annual GHG inventory figures for 2022 on Thursday showing nationwide emissions increased year-on-year from a post pandemic rebound in economic activity offset by CO2 sequestration from the land sector.

The Washington Department of Ecology (ECY) announced on Thursday the commencement of rulemaking in consideration of amendments to its Climate Commitment Act (CCA), to facilitate linkage of the state’s carbon market with that of California and Quebec.

California Carbon Allowances (CCAs) picked up following the highly anticipated release of a public workshop date on cap-and-trade programme rulemaking and an economic impact analysis of proposed changes, while Washington Carbon Allowances (WCAs) continued to slowly regain footing after prices crashed earlier this year in wake of a repeal initiative.

Residents of a county in Montana have raised concerns about a project that could see potentially millions of tonnes of CO2 piped in from Wyoming and stored underground.

Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.

Carbon market participants should back harmonised quality standards and principles to secure its role as a foundation for international partnerships even in a scenario where global climate action become fragmented, Singapore's GenZero said on Friday.