A new batch of more than 2 million carbon credits has been issued in the US using an updated forest carbon accounting approach, according to a Tuesday announcement.

Voluntary carbon credit retirements were down by 30% month-on-month in November, and at 50% of the levels seen over the same period last year, as issuance also fell away, while CORSIA supply started to filter in as new credits were tagged as eligible for the UN's international aviation offsetting scheme.

DAC-ilitator - Climeworks has facilitated over 450,000 tons of certified nature based and engineered carbon removals CDR), it said in a statement today. The Swiss direct air capture (DAC) company said that, alongside developing removals projects itself, it also aggregates CDR supply from a network of third‑party providers before delivering these certified removals to buyers. The company clarified that Climeworks alone did not directly remove 450,ooo tonnes, but had acted as middleman on a number of deals. It said credits had been  delivered across multiple pathways, including biochar, BECCS, enhanced rock weathering (ERW), and DAC.

dMRV for CDR - CDR standard Puro.earth has launched a new dMRV Connect platform, which connects digital monitoring, reporting, and verification (dMRV) platforms directly into Puro’s certification platform, MyPuro 2.0. The new API allows dMRV providers to send audit data, documentation, and evidence directly to Puro.earth through secure, automated channels. By reducing manual uploads and exchanges, Puro dMRV Connect improves data accuracy and shortens time to issuance for CO2 Removal Certificates (CORCs) and future credit types issued under the Puro.earth certification platform.

Progress for Article 6.4 - The expert panel (MEP) working on Article 6.4 methodologies, have tentatively agreed to recommend a tool for assessing the risk of reversals across activity types, such as biochar, forestry, and subsurface CO2 storage, at the end of its 10th meeting. Major work was also undertaken on revising CDM methodologies for grid-connected electricity and the associated emission factor tools. A merged and updated tool for calculating grid emission factors was also finalised and is due for public consultation. The MEP also worked on revisions to the clean cooking energy transition methodology, and a consolidated framework will include updated sampling guidelines, efficiency methodologies, and renewable biomass considerations. Details of the meeting will be published on the UNFCCC website shortly, and the next meeting will be Jan. 26-30.

Million mark - Deliveries of durable carbon removal credits have hit the 1 mln milestone, according to CDR.fyi, up from 660,000 credits a year ago. “The speed has been remarkable: it took us over five years to get from zero to 500 Kt, and only 15 months to double that to 1 Mt,” said Sebastian Manhart, a policy advisor at Carbonfuture, on LinkedIn. “In just five years, over 700 companies have been founded, tens of thousands of people transitioned their careers, and countless policies have been passed.”

Sierra Leone will rely on carbon finance, REDD+ mechanisms, and results-based finance to bring in 11% of the funds needed to implement its latest Nationally Determined Contribution (NDC), of which it expects around half will come from voluntary carbon market (VCM) buyers.

Verra has launched a review into the verification and validation assessments of a large avoided deforestation project in the Brazilian Amazon following accusations that it has generated millions of carbon credits from land inside federally-protected areas.

Peatland purchase - Sucden Financial, a global multi-asset execution, clearing, and liquidity provider, is purchasing UK Peatland Code credits to offset its unavoidable emissions in 2024. The company has achieved a 74.5% reduction in GHG emissions from its London operations between 2020 and 2024 thanks to initiatives including IT upgrades, installation of lighting controls, and fine-tuning of heating and air-con systems. It's also using data centres that are almost entirely renewably powered. The peatland carbon credits were purchased via Climate Impact Partners, and will support the Scaliscro Peatland Restoration Project, on the Isle of Lewis, Scotland. This aims to restore nearly 250 ha of peatland while increasing carbon storage and delivering additional environmental benefits.

Farm credits – India’s IIT Roorkee has partnered with the state government of Uttar Pradesh to launch a large-scale carbon credit programme for farmers, aiming to monetise sustainable agriculture and land use practices, the Economic Times reported. The initiative will deploy a digital MRV system aligned with international standards to track gains in soil carbon and reductions in GHG emissions from practices such as minimal tillage, cover cropping, residue management, agroforestry, and improved bio-fertiliser use. It will start in the Saharanpur division of the state. IIT Roorkee will also help connect farmers with carbon markets and global buyers.

Five countries are leading the way in developing legal frameworks to support blue carbon, which are urgently needed to tackle the persistent barriers thwarting market growth, found a non-profit in a new report.

Gold Standard has tagged its first Core Carbon Principles (CCP) labels to credits generated from clean cooking projects, the registry announced Tuesday.

A rating agency has teamed up with a satellite-based biomass measurement company to advance the accuracy and transparency of forest carbon assessments worldwide.

EU lawmakers and national governments have agreed to scrap mandatory climate transition plans for large companies as part of a political deal to streamline the bloc’s sustainability reporting rules and ease red tape on business.