Carbon Pulse

EU energy ministers adopted on Tuesday a disputed regulation setting stricter CO2 emission performance standards for new cars and vans, as well as other key files in the bloc's Fit for 55 climate policy package.

Offset standards body and registry Verra on Tuesday launched a public consultation to seek feedback on planned revisions to its high efficiency firewood cookstoves methodology, which along with similar projects have recently come under fire for over-crediting by up to a factor of six.

A Finnish startup has raised €1.8 million to scale up the manufacture of carbon negative concrete and put the company on course to its goal of producing up to a fifth of the global market by mid-century.

The Taskforce on Nature-related Financial Disclosures (TNFD) on Tuesday released its long-awaited last draft framework for managing and reporting risks and opportunities related to nature, ahead of the final rules slated for publication in September. 

European carbon prices jumped sharply on Tuesday morning as traders appeared to respond to a European Commission announcement on its plans to sell additional EUAs under the REPowerEU initiative, while a rally in crude oil prices late on Monday also added a bullish note to the early hours of trading.

Joe Public in the US would be willing to pay for carbon credits if they understood them, and knew about their own carbon footprint, a survey has found.

India’s power ministry has released a draft set of guidelines for administering the country’s forthcoming Carbon Credit Trading Scheme (CCTS) and has sought comments from stakeholders on its proposal by the middle of April.

Japan has issued more than 700,000 new offsets under its J-Credit scheme, increasing the total number of units created by almost a tenth, and registered over 30 new projects that can cut emissions by a total 7.3 million tonnes of CO2.

Japan has released rules making it possible for private-sector companies to participate in the Joint Crediting Mechanism (JCM) without government assistance, in a bid to attract more involvement from businesses and increase the supply of Article 6-aligned carbon credits.

Ambiguities in Indonesia’s stated energy policies will allow for the continued growth of the country’s coal-fired power capacity, even though there is currently an oversupply of thermal power generation and despite the recent financial deals with international partners which aim to accelerate the transition towards renewables, a report released on Tuesday has warned.

Financial institutions should push to transform key pesticide companies and their significant contributions to global biodiversity loss, financial market campaigners ShareAction have urged.

The spot price for Australian Carbon Credits Units (ACCU) has risen 5% following the accord struck between the Greens and the government to further strengthen the Safeguard Mechanism, as the market mulls how the reforms will play out.

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

A Dutch voluntary carbon offset firm has terminated Nigel Farage's stock options, which were at one point expected to amount to a €20-million windfall for the former UK lawmaker and Brexit campaigner.

Switzerland's latest carbon allowance auction has cleared at a new record high.

Washington will accept offsets issued from two US-based carbon registries under the state’s WCI-modelled cap-and-trade system, the state’s environmental agency announced Monday, though it is unclear when compliance-eligible credit generation may commence.

RGGI Allowance (RGA) values traded within a narrow range through another volatile week for global markets tossed around amid ongoing banking sector nervousness and interest rate hikes, while participants assessed modelling scenarios ahead of the power sector carbon market's first programme review meeting in 15 months.

A nature-based project developer has signed a memorandum of understanding (MoU) with Ghana to develop a reforestation project in the country.

The European Commission said it plans to begin the sale of EUAs under the REPowerEU initiative in July, the market’s administrator said after the market closed on Monday, confirming earlier reports that the EU was eyeing a summer start to the process.

Avoidance carbon credit prices slid lower over the past week, led by sharp losses in nature-based credits as the corporate world’s attention focussed on the unfolding global banking crisis following the near collapse of Credit Suisse, although removal offsets continued to tick higher to extend a trend.