- A US-based financial services firm is advocating for separation between standards agencies and registries in the voluntary carbon market, as it partners with a UK-based forestry crediting programme to settle transactions on the firm's platform.
- Tue 00:38Gaps and inconsistencies across global property law regimes regarding voluntary carbon credits (VCCs), typically construed as post-issuance problems, can be addressed using the pre-issuance risk management tools of ratings and insurance, according to a report published Monday.
Egyptian insurance - Egypt’s Financial Regulatory Authority (FRA) is currently collaborating with the Egyptian Insurance Federation to study ways to launch a carbon credit insurance policy for agricultural projects. This was revealed by FRA Chair Mohamed Farid speaking at a forum organised by the SEKEM Group agricultural conglomerate, which developed the Economy of Love standard used by several projects listed on Egypt’s national AfricarbonX registry. Farid noted that the FRA is also working to support regulations governing teams that inspect carbon farmlands and establish emissions baselines, in cooperation with market stakeholders. Work is further underway to create a clear, regularly updated database and map of temperature and humidity. All this data could support the development of insurance products across the agricultural sector, he said – not just for land use-based carbon projects. (Amwal al-Ghad)
- Tue 00:01Only 16 out of 500 companies driving deforestation took meaningful action to curb impacts in their supply chains in 2024, with pledges often overlooking commodities most linked to forest loss, a UK-based non-profit said on Tuesday.
- Mon 23:24An action-packed week for LATAM saw government-backed carbon pricing programmes take slow steps forward, while the voluntary market (VCM) experienced a mixed bag of bold announcements and dramatic setbacks.
- A Calgary-based green hydrogen developer has secured more than C$3 million ($2.2 mln) in funding from Alberta's industrial emissions pricing scheme.
- An Oregon-based non-profit's carbon credit purchasing platform aimed at small business and individual buyers has achieved its first sale, as the group aims to expand its support for grassland projects in North America, its executive director told Carbon Pulse.
- Mon 22:09Brazil’s environment ministry (MMA) on Monday published an ordinance establishing a forest carbon task force that will help regulate both voluntary and compliance forest carbon markets.
- Ready in Readlyn - The Iowa chapter of US environmental non-profit Sierra Club held a meeting Saturday to discuss the potential impacts of a CO2 pipeline in the community. Local media KCRG reported that nearly 100 people showed up to the meeting in Readlyn, a city with a population of just under 900, according to 2023 data. Of concern is Summit Carbon Solutions’ Midwest Express CO2 pipeline, which was initially expected to begin operations in 2024 but has since faced delays through the permitting process. It has permits in Minnesota, Iowa, and North Dakota but was most recently rejected by South Dakota’s Public Utilities Commission amid ongoing landowner concerns.
- Paper and pulp partnership - CDR developer Svante Technologies announced on Monday is advancing a project aimed at decarbonising Canada’s pulp and paper sector. The joint CCS project with Canada-based global forests products company Mercer International is focused on an Alberta pulp mill, intended to target biogenic CO2 emissions. The next design phase of the project will evaluate the project’s estimated cost and overall commercial viability. Svante’s project uses a structured sorbent filter system to selectively capture CO2 molecules while reducing energy requirements overall for the industrial process.
- Lassoing emissions - Cowboy Clean Fuels, a US-based renewable energy and carbon removal technology company, announced completion and release of its Biomass Carbon Removal and Storage plus Renewable Natural Gas (BiCRS+RNG) methodology. The new framework aims to establish standards for measuring, monitoring, reporting, and verifying carbon removal projects by injecting biomass-derived feedstocks into geologic formations for microbial conversion into CO2 and biomethane, capturing biomethane as RNG, and sequestering CO2. The methodology complies with ISO 14064-2:2019 standards and expects to offer a verifiable pathway for carbon removal crediting.
- Biochar funding - Aston University has secured an additional £700k in government funding to extend its Biochar CleanTech Accelerator project, which converts organic waste into low-carbon products. Using pyrolysis technology, the initiative transforms materials such as sawdust and agricultural residue into oils, gases, and biochar, supporting the development of commercial applications for UK businesses. The accelerator, part of the West Midlands Innovation Accelerator programme, aims to drive economic and environmental benefits. The new funding comes from a £30 mln national extension of the Innovation Accelerator scheme.
- A Munich-based forest carbon firm grew its portfolio of forest adaptation projects to 12 sites by the end of 2024, up from four a year earlier, and aims to further scale its activities this year, according to its latest impact report.
- Mon 16:43Voluntary carbon credit indices edged higher last week as market participants returned to desks following a holiday break, while France threw its weight behind corporate use of integrity-backed carbon credits, following similar moves by Germany and the UK in April.
- An approach for the EU that maximises benefits for species conservation, climate mitigation, and agricultural land use has been proposed in an academic paper published on Monday.
- Mon 15:47Two companies have partnered to launch a new carbon investment fund for US-based projects as they seek to raise $200 million to generate high-integrity credits.
- The UK government has launched a consultation on proposed changes to revenue support regulations for engineered greenhouse gas removals (GGRs) and bioenergy with carbon capture and storage (BECCS) projects.
- A real estate company from Sweden will buy 10,000 carbon removals from an energy firm over 10 years, the companies announced earlier this month.
- A Toronto-headquartered carbon and precious metals royalty and streaming company has terminated future capital commitments to a major US-based carbon farming programme, citing worsening market conditions and increased investment risks.
- Mon 14:50Indonesia is pushing ahead with negotiating mutual recognition agreements (MRAs) with major international standards, including Verra, Gold Standard, Puro Earth, and Plan Vivo, according to a senior official.
- Clean cooking - The Africa Go Green Fund, managed by Cygnum Capital, is planning to invest $8 mln to finance the deployment of 200,000 improved biomass cookstoves in Rwanda by DelAgua, it has announced. The investment from AGG will result in avoiding up to 4.38 MtCO2e being emitted over the project’s lifetime. According to DelAgua, its cookstoves, manufactured by Burn in Kenya, reduce wood consumption by 71% compared to traditional cooking methods and produces 81% less emissions than an open fire. To date, it has distributed around 1.6 mln stoves across Rwanda, Gambia, and Sierra Leone.
- Mon 13:49A group of enhanced rock weathering (ERW) project developers has launched a new data-sharing platform designed to accelerate scientific validation and support the commercial scaling of this carbon removal technology.
- The potential integration of the EU’s carbon removal certification framework into the bloc’s Emissions Trading System (ETS) would be a “major catalysing step” for industrial decarbonisation, according to a CO2 mineralisation company.
- Mon 12:26Another city, another prefecture – Japan’s ByWill has signed an agreement with Midori City in the Gunma prefecture, and Gunma Bank for the creation and distribution of J-Credits, thereby helping in the decarbonisation of Midori city, it said in a statement. The city aims to hit net zero carbon emissions by 2050, and to achieve this goal it is actively working to provide subsidies to citizens who install solar power generation equipment, lithium-ion batteries, and wood stoves.
- Mon 12:17Green rice - Japanese developer Green Carbon’s methane reduction project from rice paddies in the Nghe An Province of Vietnam has become the first of its kind in Japan and Vietnam to be listed under the Gold Standard, it announced Monday. The project aims to grow to a target area to 62,000 ha, and expects to generate a total of 2.5 mln carbon credits over the next 10 years. Earlier this month, the developer announced the listing of its separate rice methane project in Southern Vietnam under the voluntary carbon standard Verra.
- The government of Tunisia, in partnership with the African Development Bank (AfDB), has launched a $24 million initiative to restore degraded forests and boost climate resilience in the rural areas of the nation.
- Mon 09:22One of Japan's largest refiners will invest in a venture capital fund dedicated to supporting startups engaged in the development of carbon removal solutions, it announced Monday.
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