- Fri 00:54A major India-headquartered offset project developer has sold off its wholly-owned accreditation services firm even before operationalising it, as market participants labelled the endeavour a conflict of interest, Carbon Pulse has learned.
- 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.
- New hire - Carbon data platform CTrees announced Thursday that Christopher Woodall is joining as director of US forest science and policy. Woodall previously served in senior science and policy roles in the US Forest Service, and in his new role, will lead CTrees’ work on US forest carbon accounting, overseeing development and application of technology to quantify forest biomass carbon and assess the impacts of land use activities, forest management, and wildfires. He also plans to engage with CTrees’ partners in government agencies, civil society, and the private sector to try to ensure that stakeholders working on natural climate solutions have access to scientific data for estimating land carbon stocks, emissions, and removals at spatial and temporal scale.
- Thu 21:00A study published Thursday suggests that co-practising enhanced rock weathering (ERW) near geologic carbon sequestration sites could serve as a prewarning system for CO2 leakage while also mitigating seepage.
- A committee in Brazil’s Chamber of Deputies approved Wednesday a proposal to allow the use of forestry-based carbon offsets against agricultural tax obligations.
- 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.
- A US hyperscale data centre developer is tapping natural gas with carbon capture and storage (CCS) to power its flagship project.
- Thu 17:21Indonesia could fetch higher prices and driver bigger emissions reductions by developing a more sophisticated carbon market framework, according to industry group IETA.
- 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 15:13US-based tech giant Google on Thursday announced carbon credit deals for the equivalent of 1 million tonnes of CO2e over the next century from a commercial cooling project in Indonesia and a landfill activity in Brazil.
- Thu 15:01India is emerging as a front-runner in the global race to remove CO2 from the atmosphere, as enhanced rock weathering (ERW) startups working with smallholder farmers and plantation estates bet on the South Asian country’s basalt-rich geology and vast agricultural terrain to scale durable carbon removals.
- 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 14:41Turkiye 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).
- A specialist investor focused on decarbonising hard-to-abate sectors has announced the launch of its Latin America strategy and also completed a merger with another investment manager.
- 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 10:23Indonesia'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 10:08Fresh eyes - Climate Impact Partners (CIP) has appointed Sam Israelit, chief sustainability officer at consultancy Bain & Company, to its board of directors, it announced in a release Thursday. Sam has over 30 years of consulting experience and has helped to shape the climate strategies of global corporations, as well as building an advanced corporate carbon portfolio, including reforestation and blue carbon. CIP has delivered more than 600 carbon reduction and removal projects across 56 countries over its 27-year history, and is dedicated to market leadership and innovation in the voluntary carbon space, the release stated.
- Thu 09:49Indonesia this week launched a new nature-based fund with an initial allocation of $83 million that is expected to trap at least 128 mln tonnes of CO2 by the end of the decade.
- 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.
- Thu 05:32South Korea's 2050 target for blue carbon sequestration should be achievable, considering the country's track record in seaweed restoration, according to a paper published this week.
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