- A solar PV facility in the Dominican Republic has become country’s second carbon project to gain Gold Standard (GS) certification, the energy company responsible announced on Wednesday.
- Carbon in Congress – On Wednesday, the Colombian Congress established a temporary committee to examine the current state, risks, and opportunities of voluntary and compliance carbon market regulations in the country. “We cannot, under any circumstances, allow this [market] to be nationalised,” said a conservative congressman leading the initiative in his opening remarks. The committee is composed by members of Congress from right-, centre-, and left-wing parties, paving the way for future regulatory developments in this market.
- Thu 23:20Governments must foster investable environments for gas flaring capture and reduction projects, which could offer a quick win for emissions reduction while incentivising the hard-to-abate oil and gas sector with boosted revenues, according to a recent report.
- Thu 21:43To unlock the true value of blue carbon, the investment company Earth Security, in collaboration with UBS Optimus Foundation, has launched a new framework with practical recommendations for project developers, communities, and investors to position these credits as premium assets.
- A California-headquartered direct air capture (DAC) startup has raised $50 million to accelerate deployment of its modular DAC systems that it said provide cost-effective, on-site, and “clean” CO2.
- In Brazil, public investors push for continued policy support while global private capital forges ahead independent of US policy rollbacks, financiers said during a webinar Wednesday.
- High impact - Planting trees in Kenya offers the most cost-effective and fast solution to the climate crisis, significantly outperforming expensive tech alternatives like direct air capture (DAC) whilst offering co-benefits like biodiversity uplift, found a new study by Oxford University together with non-profit Word Forest. The analysis looked at 12 carbon removal technologies' implementation cost, deployment complexity, and carbon absorption capacity. Reforestation in Kenya was found to be low cost with immediate deployment possible, with trees there growing 10 times faster than in northern latitudes, absorbing about 0.25 tonnes of CO₂ within 5-7 years. The country currently has 10% canopy cost so has vast potential and businesses should invest there first before deciding which carbon removal tech option to bet on, they wrote.
- Thu 16:45Microsoft continued to support the engineered carbon removal (CDR) market in May, accounting for lion’s share of the 3.48 million tonnes of forward purchase agreements, according to data platform CDR.fyi.
- Green labelling schemes have urged policymakers to adopt a more realistic approach to steel decarbonisation, saying EU objectives must recognise the physical limits of scrap availability and incentivise emissions reductions across all steel production routes.
- Thu 16:06The carbon removal sector is in the midst of a crisis despite record offtake volumes this year, driven in part by the scramble to secure venture capital to scale nascent technologies — but there is now clear movement towards sovereign backing of the industry, experts told an event on Thursday.
- Thu 15:55Project developers are stepping up their campaign to tone down cookstove methodology requirements by calling on the UNFCCC Clean Development Mechanism’s (CDM) Board to review outdated science that could lead to under-crediting.
- Thu 15:22A large voluntary carbon project developer has called for greater alignment among the buyers of credits for new schemes to help unlock high-quality supply.
- Thu 15:22Despite the steep decline seen in voluntary carbon trading, some observers maintain that if the political will is there, carbon markets can deliver significant amounts of climate finance – potentially over half of the needed invested to meet long-term climate objectives.
- Thu 15:21A UK-headquartered carbon capture developer announced Thursday it has partnered with a Japanese supplier of floating production to develop and scale ship-based carbon capture systems.
- Thu 14:42China biochar - Another China-based biochar project has been officially registered under carbon standard Puro.earth, according to audit firm Earthood, following the registration of MioTech's Nanjing Nian'da biochar initiative. The Jiaxing Tongao Biochar Project, developed by Climate Future, collects agricultural waste such as crop straws and garden waste to produce biochar. No CO₂ Removal Certificates (CORCs) from the Jiaxing Tongao facility have been certified so far, the Puro platform showed.
- Project extension - European Green Transition (EGT), a London-listed company focused on developing green economy assets across Europe, has secured a six-month extension to its option agreement for the Altan Carbon Credit project, a peatland carbon sink programme in Donegal, Ireland. The extension, granted at no additional cost, allows EGT to continue discussions with key stakeholders, aiming to generate near-term revenue through carbon and biodiversity credits. (London Stock Exchange)
- Thu 13:38Tech companies around the world saw their operational emissions rise by 1.4% between 2023 and 2024 as data centres continued to eat up electricity — despite more companies setting reduction targets, according to a report published on Thursday.
- Thu 13:35A Singaporean exchange has stolen a march on its rivals in the fiercely competitive market for benchmarking carbon prices, after reporting an offer for CO2 tonnes on a floating price basis versus its Phase 1 CORSIA index.
- Tiki taka - Europe's football governance body UEFA this week launched a new methodology to measure carbon emissions from football infrastructure projects, including stadiums, training grounds, and offices. Developed with Carbon Trust and a working group of clubs, leagues and national associations, the tool aims to account for lifecycle emissions from construction activities, excluding operational use. A report earlier this year found that 'the beautiful game' emits 66 MtCO2 annually, with most of it coming from indirect emissions of sponsors who are usually from high-emitting industries, like oil and gas, airlines, and cars.
- The government of England’s North East region has unveiled an online platform designed to connect private buyers and suppliers of nature-based solutions.
- Thu 12:58The Article 6.4 Methodological Expert Panel (MEP) has launched a call for public consultation of the first proposed methodology under the Paris Agreement Crediting Mechanism (PACM), it announced Thursday.
- Thu 12:19Biodiversity and nature-based carbon credit markets are projected to reach $48.7 billion by 2034, backed by growing investor interest in natural capital and ongoing efforts to meet international policy targets, according to a report released this week.
- Thu 12:03Classifying excess CO2 as a noxious gas — on par with other industrial pollutants like ammonia and carbon monoxide — could push companies beyond incremental emissions tracking and into more decisive climate action, the founder and CEO of an ESG assurance firm has told Carbon Pulse.
- Thu 10:24Gaining ground - European carbon removals accelerator Remove has partnered with Indian think tank, the Council on Energy, Environment, and Water (CEEW) to support carbon removals startups and cultivate CDR ecosystems in India as well as globally, Remove announced on LinkedIn. The accelerator marked its entry into the Indian market last year when it selected the first cohort of startups. While India has great potential to supply removals credits globally, it lacked local demand, Marian Krueger, co-founder of Remove, told Carbon Pulse at the time.
- Thu 09:53Global economies and societies are linked to forests in a deeper way than previously thought, meaning governments need to have a long-term approach to ensuring their survival, according to a global report by scientists.
- Thu 08:47A major agricultural lender in Japan has teamed up with a Tokyo-headquartered project developer to utilise carbon crediting mechanisms, it announced Thursday.
- Thu 07:22Show me the money - The government of Zambia is set to receive $30 mln from the World Bank in results-based payments to reduce 3 MtCO2e over 2024-29 under the Eastern Province Jurisdictional Sustainable Landscape Programme, it announced this week. The nation formally signed a Nested Emission Reduction Performance Agreement (NERPA) with the World Bank last year to undertake activities such as forest conservation, climate-smart agriculture, use of fuel-efficient cookstoves, and sustainable charcoal production. Earlier this week, it also signed an MoU with the Community Markets for Conservation (COMACO), it said.
- Thu 05:25Cancellations of Kyoto-era carbon credits fell slightly in Australia’s national accounts, according to data from the Clean Energy Regulator, as buyers are looking to purchase fewer, but more high quality units to meet their ESG strategies, according to a supplier CEO.
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