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INTERVIEW: Battling to stay afloat, Rimba Raya slashes headcount while warning credit issuance could more than halve
Rimba Raya is struggling to keep afloat after the concession holder of the popular Indonesian REDD+ project drastically cut staff numbers and warned there could be a sharp drop in voluntary carbon credit issuance, possibly impacting historical supplies, after it adopts Verra’s new consolidated methodology for avoided deforestation. Read MoreTop
Over-allocated California-Quebec carbon markets to miss 2030 emissions targets -study
The joint WCI carbon market’s generous allowance budgets are likely to be ineffective in reaching the jurisdictions’ CO2 reduction targets for 2030, academic researchers warn, instead recommending large cap adjustments or widened scopes while likening the cap-and-trade system to an overly complicated carbon tax. Read MoreTop
ANALYSIS: CBAM hedging unlikely to have impact on EU ETS market, experts say
Some companies, including international ones, are already trying to hedge their CBAM certificate exposure by buying EUAs on the forward market, but this additional demand will not impact EUA prices, according to market observers. Read MoreTop
LATAM Roundup: Latin America's compliance carbon systems integrate with voluntary market, pursue growth
Carbon Pulse rounds up recent developments in compliance carbon systems within the Latin America and Caribbean region, taking a look at Brazil's stabilising market for emissions reductions credits from biofuels after a year of rising prices, and summarising the carbon tax regimes that accept offsets. Read MoreTop
Second tranche takes Canadian asset manager's forest fund to $335 mln
A major Canadian global asset manager announced on Friday the second close of its forest fund, investing in sustainably managed forests where carbon sequestration is prioritised over timber production. Read MoreTop
Green hydrogen can help slash curtailment costs in UK by absorbing surplus renewable energy
The production of green hydrogen during periods of high renewable energy supply could help save the UK hundreds of millions of pounds each year in curtailment costs, according to a report by an engineering company. Read MoreTop
CN Markets: CEAs jump more than 10%, top 100 yuan for the first time
China’s national carbon market saw allowance prices extend recent gains over the past week, climbing above the 100 yuan ($13.80) level and rising for the seventh straight session, amid continued optimism among participants. Read MoreTop
INTERVIEW: Carbon standard to pilot nature stewardship credits in 2025
Carbon standard Social Carbon plans to release a methodology for 'nature stewardship credits' during the third quarter of this year at the latest, with the first pilots expected to launch in 2025, the company has told Carbon Pulse. Read MoreTop
US energy-related CO2 emissions reductions decline 2.7% in 2023, driven by power sector
US energy-related CO2 emissions decreased slightly year-on-year in 2023, largely due to reduced coal-fired electricity generation as natural gas and solar power generation increased, according to federal data. Read MoreTop
Soil management firms to facilitate carbon credit generation for Texas landowners
Two Texas-based soil management companies are collaborating with the state’s property owners association to engage landowners in nature-based carbon capture initiatives and credit generation. Read MoreTop
France to launch first-ever carbon storage projects
The French government will authorise the construction of its first carbon storage facilities, signing contracts with some of the largest emitters in the country as part of its efforts to reach net zero emissions by 2050, Industry and Energy Minister Delegate Roland Lescure announced on Friday. Read MoreTop
CBAM must tackle recycled aluminium emissions loophole, industry and NGOs say
The EU’s carbon border adjustment mechanism (CBAM) will drive up prices of aluminium, as it fails to address a loophole for process scrap that could lead to vast amounts of carbon emissions being imported into the bloc, a report by a consulting firm and a panel of industry and NGO experts warned this week. Read MoreTop
Callirius, Cula partner to boost monitoring and financing for biochar projects
A German-based climate finance company and a startup focusing on MRV solutions for durable carbon removal have teamed up to advance biochar projects and verify their climate impact. Read MoreTop
South Pole secures fresh funding for changes under new leadership
Swiss-headquartered voluntary carbon project developer and investor South Pole has secured fresh financing from its largest shareholders, setting the company up for the next phase of development following recent changes in senior leadership, it announced this week. Read MoreTop
