Carbon Pulse

The way nature and biodiversity appear in global financial markets is on the edge of a revolution but they will be treated in a fundamentally different way to carbon, according to a senior member of the Taskforce on Nature-related Financial Disclosures (TNFD), speaking at an event in the UK on Monday.

The UK government is supporting a call for proposals for projects to build resilience to sea level rise through innovative and scalable finance and insurance products.

Green groups are urging the UK government to include waste incineration in the UK ETS place a ban on new energy-from-waste units in the country. 

The discount in UK Allowance (UKA) prices to their EU counterpart has widened to the most since the British market was launched, as traders price in a variety of bearish factors that point to a UK market lengthening at the same time as Europe tightens its targets.

A shipping firm and a mining and metals company have incorporated a carbon pricing mechanism into their existing contract of affreightment (COA).

The governor of the French central bank has urged the rapid rollout of global carbon pricing as one of the main tools for meeting climate goals, speaking at an event in London, with one senior investor also calling for a price of $150/tonne "over the next few years".

EU carbon prices dropped below key technical levels on Monday morning as the approaching end of the annual compliance cycle has begun to depress industrial demand, though some analysts saw potential for a last-minute rush of buying in the next two days.

An Australian news website specialising in domestic climate and carbon policies this month ceased publication and has begun contacting subscribers for refund arrangements.

China’s top independent power producers (IPPs) stand to benefit from moderating coal prices over the next twelve months, lifting their credit profiles and enabling them to be better placed to execute China’s energy transition goals, research from a ratings service has found.

South Korea is calling for proposals for international demonstration projects in order to kickstart its participation in the Partis Agreement carbon market.

AGL Energy on Monday began its phased shut down of the 52-year-old Liddell coal fired power station, as the price of Australian Carbon Credit Units (ACCU) slipped amid limited trading.

A daily summary of our news plus bite-sized updates from around the world.

Financial entities raised their California Carbon Allowance (CCA) holdings to levels not seen since last winter, while emitters similarly boosted their North American carbon market net positions as WCI prices soared to 7-month highs, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including the advancement of several climate bills in the California Senate, a court decision on a Maine hydroelectricity line, Vermont's Affordable Heat Act passing the House, and a carbon offsets bill in Texas.

The US Department of Commerce is recommending $562 million from the Bipartisan Infrastructure Law be used to fund climate resilience projects across 30 states, Vice President Kamala Harris announced on Friday.

The Chilean government this week published a resolution that will prevent renewable electricity providers from having to pay into the country’s $5/tonne carbon tax which subsidised fossil fuel-fired generation.

The UK ETS is instrumental in achieving the country's net zero emissions goals and enhancing opportunities for carbon investors, but the British government's commitment to implementing reforms necessary for a robust carbon market has been overlooked amid the mainstream media’s focus on the lack of green industry incentives, write Ruben Lubowski and Callum Lee, Lombard Odier Investment Managers.

Portugal's carbon tax for air- and sea-based travel will be extended to private jet flights with a capacity of up to 19 passengers.

Efforts to create an EU carbon removals market face an uphill struggle as the option is set to be disregarded by the lead lawmaker on the issue, according to parliamentary sources.

Strong regulation on tokenising climate and biodiversity credits is urgently needed to avoid claims of greenwashing and mis-selling to consumers, a think-tank warned Friday, adding that the environmental impact of mining crypto assets was downplayed in legislation passed by the bloc's parliament this week.