UK confirms will not carry over emissions ‘surplus’ to fourth carbon budget
The British government confirmed that it will not carry over any so-called ‘surplus’ emissions from its 2018-22 carbon budget into the current fourth iteration in a statement Tuesday.
Read MoreItalian firm prepares to launch voluntary biodiversity credit offsetting framework in Europe
An Italian nature tech firm is poised to release a set of standardised guidelines for a biodiversity framework late this year that will underpin its first certified biodiversity credits in 2025 for the European voluntary market, the company told Carbon Pulse.
Read MoreEuropean cement group targets 37% drop in production emissions in updated net zero plan
The European Cement Association (CEMBUREAU) aims to reduce production emissions 37% by 2030 and by 50% down the value chain, as per an updated net zero roadmap published Tuesday.
Read MoreCarbon removal certification bodies merge in bid to shore up standards
Two carbon removal standards focused on biochar have partnered up with the aim of strengthening their certifications to keep pace with the fast-growing sector.
Read MoreVoluntary carbon market focus shifts away from REDD towards forestry management in developed countries, study finds
The international voluntary carbon market has seen a priority change in offset project implementation over the past decade, with forest management solutions in developed nations attracting more attention from developers at the expense of REDD+ projects, researchers have found.
Read MoreGlobal biodiversity fund ringfences over $70 mln for new round of grants
The Global Biodiversity Framework Fund (GBFF) has approved a new round of grants, planning to deliver over $70 million for 18 new projects.
Read MoreVoluntary carbon market at “inflection point”, says Integrity Council chief
The chair of the Integrity Council for the Voluntary Carbon Market (ICVCM), which last year unveiled the Core Carbon Principles (CCPs) that are intended to enhance the integrity of voluntary carbon credits, has said that the adoption of the label marks an “inflection point” in the future of the sector.
Read MoreINTERVIEW: One insurer’s aim to leapfrog hurdles in assigning risk to voluntary carbon methodologies
A statistical approach that relies on many variables and deep data is emerging within the world of carbon insurance, such as the attempt by one insurance startup to assign risk to project methodologies, though the nuances of individual cases will still require judgment calls.
Read MoreVCM Report: Sluggish voluntary carbon spot market starts to pinch
News broke that Verra has temporarily suspended the registry account of the troubled Rimba Raya project on Monday morning to cap a dreary previous week for the voluntary carbon spot market that is still undermined by thin liquidity and low prices.
Read MoreEuro Markets: EU, UK carbon prices break above key technical levels amid strong early buying
EU and UK carbon prices soared on Monday, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, with EUAs closing above a major technical level for the first time since Aug. 2023 and UKAs breaching the same technical level and a key psychological price to set a four-month high.
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