- Fri 00:49A new international carbon offsetting code from the Voluntary Carbon Markets Integrity Initiative (VCMI), as well as eventual obligations under the UN aviation sector offsetting scheme, are reshaping voluntary carbon market (VCM) demand, panellists said during a Thursday webinar.
- Fri 00:24Long-term offtake agreements are critical to unlocking capital and scaling engineered CO2 removal (CDR) technologies, experts said Thursday, warning that expectations of falling prices may be misplaced as the burgeoning market enters delivery phase.
- Thu 23:43The Biodiversity Credit Alliance (BCA) released on Thursday a revised edition of its High-level Principles to Guide the Biodiversity Credit Market, featuring 21 principles covering the certification process for biodiversity credits, the role of Indigenous Peoples and local communities, and the governance of this emerging market.
- Thu 22:37The UK Supreme Court this week ruled that third parties who knowingly participate in a company’s fraudulent trading can be held liable under insolvency law, in a case stemming from a multi-million pound VAT scam involving EU carbon allowances.
- Thu 20:44The Network for Greening the Financial System (NGFS), a best-practices-sharing group comprising 144 central banks, published on Wednesday its first report on the effects of short-term (2025-2030) climate policy scenarios over GDP, trade, unemployment, inflation, and other financial and economic outcomes.
- Thu 18:31A ‘brutal reality’ is coming to many project developers of durable carbon removal (CDR) because buyers are increasingly baulking at the high price of credits, a new survey has found.
- Thu 17:16European carbon's recent price rally came to a halt on Thursday as selling activity gained in strength after the market hit a six-week high and bumped up against a technical resistance level, before falling back to end the session in line with another technical support, while UK Allowances also halted their bull run after climbing to a new 18-month high.
- Russian registry update - The operator of the Russian registry of carbon units has published a form for analysing applications for the registration of voluntary climate projects. Further details here.
- Thu 16:29Challenge accepted - A growing group of influential voluntary carbon market participants have urged the greater use of the sector to address Scope 3 emissions. A joint statement issued by VCMI, now has backing from the International Chamber of Commerce, We Mean Business Coalition, The Nature Conservancy, Emergent, Verra, Carbon Market Institute (CMI), Anthesis Group, Patch, CNaught, Climate Impact Partners, GenZero, and Puro.earth. The collective want more organisations to sign up to the Scope 3 'challenge' to push for greater carbon credit use and pressure governments and corporate leaders to adopt more supportive policies for the market.
- Thu 16:25The carbon removals market will not scale without clear regulatory frameworks, targeted public support, and a mix of engineered and nature-based approaches, speakers told the Carbon Forward Turkiye conference in Izmir.
- Former CDU and SPD members of the Bundestag, Germany's parliament, have said they expect the new government to sign off on a Carbon Management Strategy before the summer, although some remain nervous about a renewed focus on carbon capture, utilisation, or storage (CCS/CCU).
- Thu 16:07A Web3 carbon startup has announced it will open source its digital infrastructure, also unveiling a new venture to help sustainability teams meet reporting and regulatory requirements.
- Thu 15:59Uganda will decarbonise while increasing oil and gas (O&G) production by leveraging international carbon markets, according to officials and panellists speaking in Kampala at the East Africa Carbon Markets Forum on Thursday.
- A British biochar manufacturer is working with research institutions and a poultry business to improve poultry welfare, productivity, and cut emissions through the application of 'chickenchar' to bedding and manure, which will generate carbon removal credits.
- Thu 15:17Only a minuscule fraction of the deep seafloor has been visually observed over the past 70 years, with scientists defining the lack of knowledge "a critical problem" as interest in ocean mining grows.
- Thu 15:06The European Parliament voted to bring greater flexibility in the gas markets on Thursday, on the same day they voted to delay more ambitious CO2 rules for new cars and vans.
- More soil carbon - Food snack giant Mondelez International has invested in Estonian-based oil carbon project developer eAgronom, as part of the company’s Series A2 fundraising round. The investment will enable eAgronom to expand and accelerate the adoption of sustainable practices to over 4 million hectares of farmland by 2026 from the current 2.5 mln it covers now that spans across 10 European countries, including Poland, Romania, and Sweden. Mondelez made the investment through its Sustainable Futures division.
- Thu 14:45National pledges to the Paris Agreement are often disconnected from national policy and investment plans because they are developed by consultants rather than integrated into government processes, a former EU minister told the Carbon Forward Turkiye conference on Thursday.
- Thu 14:41Turkiye is drawing up a strategy for trading international carbon credits under Article 6 of the Paris Agreement, keeping open the possibility of both hosting projects and buying units to meet its own goals, government officials told the Carbon Forward Turkiye conference on Thursday.
- The UK and Norway are set to sign a bilateral agreement on the cross-border transport of CO2, as they seek to capitalise on the North Sea's potential to become a major hub for carbon capture and storage (CCS).
- Thu 14:25A UK government impact assessment has said its previously announced plans to overhaul environmental rules and introduce a system centralised around a Nature Restoration Fund (NRF) lack data to underpin them.
- Thu 13:44A Ghana-based e-mobility project taking place under the country’s bilateral Article 6.2 accord with Switzerland has achieved authorisation, Carbon Pulse heard on the sidelines of the East Africa Carbon Markets Forum in Kampala on Thursday.
- Thu 12:28Calls continue to grow to link the UK and EU emissions trading schemes, with an influential energy body writing to the British government on Thursday to call for progress on the matter at talks during an upcoming summit between the two jurisdictions.
- Thu 12:09Partnership continued - DG Clima, which leads the European Commission's efforts on climate change, has renewed its long-standing partnership with the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) to collaborate on climate action and policies. Achieving the EU target of net zero by 2050 requires easy access to Earth observation data, which it's hoped this partnership will enable. EUMETSAT is leading efforts to develop and implement innovative climate technologies including artificial intelligence.
- Thu 11:53The Federal Network Agency has widened the scope of its biennial "energy scenario" frameworks for the next 12-20 years to consider slower growth in power demand and the introduction of gas plants with CCU/CCS to the power mix in 2045, although hydrogen remains the star decarboniser alongside renewables.
- Thu 11:10The Global Reporting Initiative (GRI) has recommended that proposed EU changes to reporting requirements on areas including biodiversity following the so-called omnibus should align with its framework in order to simplify corporate reporting.
- Thu 10:55A group of carbon market governance bodies and participants on Thursday called on national governments to recognise and support voluntary climate action by companies, saying it can work alongside official efforts under the Paris Agreement’s Article 6 framework.
- A UK energy from waste company has selected a removal registry to work with on its carbon capture and storage (CCS) project in Wales.
- Thu 10:34A UK non-profit has launched a nature restoration strategy in Formentera, Spain, including plans to generate 1 million urban biodiversity credits over the next 20 years.
- Thu 10:23Indonesia's environment ministry on Thursday signed a mutual recognition agreement (MRA) with Gold Standard, a move that will help enable Indonesian carbon projects to access international markets.
- Thu 09:52Turkiye is more likely to rely on free allocation of carbon allowances to protect its industrial sectors under its planned emissions trading system (ETS) — despite its initial proposal for a domestic Carbon Border Adjustment Mechanism (CBAM), experts told the Carbon Forward Turkiye conference in Izmir.
- Thu 09:12Better than expected - Heidelberg Materials reported forecast-beating first quarter results from current operations (RCO), rising 1.3% to €235 mln, beating the €207 mln average forecast provided by analysts. The world's second-largest cement maker cited strong growth in Africa driving the year's strong start, despite the political and economic uncertainties and difficult weather conditions in some places. Heidelberg still expects RCO this year of €3.25 bln - €3.55 bln, compared with a €3.44 bln consensus estimate. Its North America RCO was down by nearly two-thirds. (Reuters)
- Carbon-catching buildings - Cement maker Holcim and architecture firm Elemental have presented new biochar technology that they say transforms buildings into carbon sinks, Holcim announced on Thursday after showcasing it at the Venice Architecture Biennale. One kilogram of biochar can prevent the release of up to 3 kg of CO2. After applying it for the first time in a full-scale Basic Services Unit housing prototype, the two companies said the technology can be used in cement, mortars, and concrete, for infrastructure, buildings, and other projects. Using the technology, Holcim has created a net zero-emission biochar concrete that uses 100% recycled aggregates, it said.
- Thu 06:00Multiple carbon market participants have responded to a call for input on the standards that underpin the new Paris Agreement Crediting Mechanism (PACM), welcoming the progress made already this year, but citing concerns with some of the draft documents published ahead of a crunch meeting of UNFCCC officials next week.
Click on the coloured labels to filter by region/market
