Carbon Pulse

Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.

The European Shippers Council has hit back at an NGO's claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.

EU governments are scrambling to hire and train staff to deal with the bloc's Carbon Border Adjustment Mechanism (CBAM), with some — such as Germany — yet to bring on anyone new, and others — such as Slovenia and Latvia — hoping Brussels will provide more guidance, representatives from the national competent authorities have told Carbon Pulse.

The federal government of Pakistan is considering imposing a carbon tax on fossil fuels to bring down their demand and is contemplating ways to include such a tax in its upcoming budget, officials have told a local media.

South Korea should take into account the factor of carbon pricing when assessing the implementation cost for a net zero electricity system, according to a recent study.

Ten of the most widely used datasets to measure biodiversity changes and inform conservation policies significantly underestimate the level of uncertainty, and could thus lead to unreliable extimations.

One of the largest trade groups in Taiwan has urged the government to establish an emissions pricing framework for imported goods to prevent carbon leakage and sustain domestic companies' business competitiveness amid the emergence of international carbon taxes.

Investors need to better understand the impact of regenerative agriculture practices without expecting them to solve all their nature and climate ambitions, according to executives at a non-profit investor network.

A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation aimed at policing efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).

Countries failed to reach an agreement on a consolidated text on commercial deep sea mining regulations at the first part of the 29th Council of the International Seabed Authority (ISA), as metal companies are pressing to apply for permits even in the absence of a framework.

Japan has released a Nature Positive Economy Transition Strategy, taking aim at creating impact well outside its own borders and including the use of carbon and biodiversity credits.

The first deliverables from a collaboration between some of the world’s largest voluntary carbon market (VCM) standards are expected to arrive in Q3 this year, and “more complicated pieces” to come in 2025, but the alliance faces larger challenges - some existential - on the road ahead.

A Southeast Asian carbon consultancy has teamed up with a Malaysian university to drive the creation of a wide range of nature- and technology-based offset projects, with resulting credits to be made available on the domestic carbon exchange.

The International Union for Conservation of Nature (IUCN) has proposed including a separate article on biodiversity in the UN global plastics treaty, ahead of the fourth round of negotiations to be held later this month.

Washington state's Department of Ecology (ECY) will offer a higher number of current year volumes at its quarterly carbon allowance auction in June, as well as a smaller amount of future vintage allowances, according to a notice published by the agency Friday.

Methane emissions from US landfills are on average 40% higher than what has been reported to the EPA, according to a study released Thursday.

A scheduled increase to Canada's revenue-neutral 'backstop' carbon tax on fossil fuels will go ahead on Apr. 1, despite pleas to abort the rise from several conservative provincial premiers and other populist politicians.

California Carbon Allowances (CCA) declined while Washington Carbon Allowances (WCA) rallied during the Mar. 21-27 period, as market participants remarked on the unexpected volatility following North American Carbon World (NACW) in San Francisco.

British Columbia will introduce legislation to “backstop” federal plans to impose an emissions cap on Canada’s oil and gas sector, the province announced Friday, in an effort to defend the measure against the risk of cancellation by a new administration in Ottawa.

A Canada-headquartered voluntary carbon offset originator on Thursday reported an annual net loss of $35.5 million (C$48.1 mln) in 2023 amid halved credit sale prices, despite ongoing restructuring efforts to reduce operating costs.