Carbon Pulse

South Africa’s legislative capital has raised R$36 million ($2 mln) by auctioning credits generated under the Kyoto-era UN Clean Development Mechanism (CDM) from projects that convert landfill-origin methane into electricity.

There was a slight lift in trading prices across several key indices in the voluntary carbon market last week, reflecting the ongoing interest in the impact of Core Carbon Principles (CCPs) on the market.

South Africa’s president has urged other developing countries to ditch fossil fuels in favour of green energy in order to avoid having to pay economy-damaging future carbon taxes, Reuters reported on Monday.

Retrofitting traditional steel plants with carbon capture and storage technology is unlikely to be more cost competitive than investing in newer, hydrogen-based steelmaking, according to analysis by a climate NGO.

A Qatar-based research and development (R&D) centre has signed an MOU with a Japanese think tank to accelerate carbon trading under the Paris Agreement, the pair announced on Sunday.

Credit demand for the first phase of CORSIA, the international aviation emission scheme, hangs in the balance with an extreme range between low and high projections of airline emissions, finds a report.

Dutch bank Rabobank has adopted a new tool to prevent overlap with any other carbon projects in the same area to where it plans to operate, following its suspension of project activities in Cote d’Ivoire in response to a government request.

Based on current projects, Europe’s oil and gas producers are on track to reach 42 million tonnes of CO2 stored per year by 2030, falling short of an EU-wide target of 50 mln, the industry’s trade association told Carbon Pulse in an interview.

Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 14, in which Brazil reiterated the significance of biofuels in its decarbonisation strategy and Colombia’s Constitutional Court ruled for the first time on REDD projects.

A political risk insurance product has been launched Monday that will cover losses for both parties should a project’s host country revoke the authorisation of Article 6 sovereign credits, known as ITMOs.

European carbon prices gave up Friday's late gains to once again test a major technical support level that has propped the market up since early July, amid similar weakness across related markets as forecasts for higher temperatures and improved renewables output brought an end to the energy complex's two-day rally.

A US direct air capture developer has named a new director of business development to lure major carbon removals buyers such as Microsoft and Salesforce into big, long-lasting offtake agreements, it announced on Monday.

An oil project in the Murchison Falls National Park (MFNP) in Uganda will have a devasting impact on biodiversity, with a number of grave consequences for wildlife and local communities already ongoing, a study has found.

US technology company HP has teamed up with a Switzerland-based nature tech startup on an initiative aimed at advancing coastal ecosystem restoration efforts in Indonesia.

The cornerstone of the new UK government's climate policy - to accelerate the country's target for 100% clean power to 2030 - has proven divisive, with those who believe it to be pricey and unachievable on one side, against others who say it will be hard, but is worth a shot.

China saw its domestic thermal power generation decline in June, while renewable energy production continued to grow at a fast pace that could signal a turning point in the country's emission trend.

Many actors in biodiversity see the largest opportunity for biodiversity markets in ‘insetting’, a way of directly supporting nature in their supply chains while potentially generating biodiversity credits, as an alternative to offsetting.

Singaporean Minister of State for Trade and Industry Alvin Tan has taken a delegation of 22 companies with him to Ghana this week with the intention of cultivating a pipeline of Article 6 carbon credit projects.

A climate-focused investment fund has completed a $37 million Series A investment round in a leading provider of carbon mineralisation technology, aiming to accelerate the process of turning CO2 into solid rock for permanent sequestration.

South Korea's latest monthly CO2 permit auction was again oversubscribed, with analysts expecting permit prices to remain steady throughout the rest of the current compliance period.