Carbon Pulse

The last coal-fired power plant in New England will close by 2028, its owner announced this week, handing environmental activists a victory.

Tightening the calculation of emissions from voluntary cookstove credits will almost wipe out abatement for under $10 per tonne, finds a report.

A US-based carbon credit insurance company has closed a $10 million investor raise, bringing several new firms on board and attracting the support of multiple angel investors.

Nearly half of around 590,000 African voluntary credits from biomass improved projects were recently sold ahead of issuance, and above secondary market prices, a carbon financier told Carbon Pulse Thurdsay, after last week announcing a hefty investment into electric cookstoves.

Chile officially approved the first eight carbon projects eligible for payment of its $5/tonne national carbon tax Wednesday, operationalising a new offsetting mechanism announced last year.

A UK energy firm announced Thursday that it has reached a five-year agreement for the sale of 25,000 tonnes of bioenergy with carbon capture and storage (BECCS) credits to a Calgary-headquartered project developer at $350/tonne, according to a Thursday press release.

A German court has ruled an airline should not have advertised flights as 'carbon neutral' because they were offset with voluntary credits from forestry conservation projects that could not ensure the promised compensation.

ICE's Phase 1 CORSIA-eligible futures hit a record high this week, with the front-December trading above $20/tonne on Thursday, in the wake of a UN decision not to approve carbon credits from any new voluntary standards.

Oil and gas producers worldwide aim to quadruple the amount of reserves sanctioned for development within the decade, research finds, in direct contrast to scientific warnings that new fossil fuel investments must end in order to limit warming to 1.5C.

Several commonly accepted vegetation indices used to estimate forest carbon baselines produce noisy data and risk over- or under-crediting, while multifaceted canopy height estimates are more consistent, according to research published this month.

A Montreal-based carbon removal company announced Thursday a partnership with a Los Angeles-headquartered direct air capture (DAC) firm to further deploy the emerging technology in Canada.

Southern and coastal EU regions suffer more harshly from climate-related disasters than others, while policies to address global warming like the EU ETS disproportionately impact poorer segments of society, according to data collected by the EU executive.

The EU needs to develop technical capabilities and set up a proper regulatory structure in order to effectively remove large amounts of CO2 from the atmosphere, including creating a European carbon central bank, according to a study published on Thursday.

The UK's greenhouse gas emissions fell by 5.4% in 2023, according to government data published Thursday, mainly driven lower by a reduction in gas use for power production covered by the country's carbon market.

As companies prepare for the start of the ETS2 in 2027, there are currently no possibilities for them to hedge against rising CO2 prices on the EU’s newly-created carbon market for transport and heating fuels, writes a prominent carbon market analyst.

European carbon prices eased marginally lower on Thursday morning after initial strength, with energy markets also falling and the daily auction clearing below the spot value, as traders await the publication of verified emissions data next week.

A group of British and EU business and trade associations have called on the UK’s energy minister to initiate negotiations with Brussels to link the two compliance carbon markets as a matter of urgency.

The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major. 

Chinese carbon allowances hit another record high secondary market spot price on Thursday, as optimism remains over upcoming regulatory updates including sectoral expansion of the emissions trading scheme.

The committee steering Japan’s J-Credit programme is considering strengthening data reporting requirements for an increasingly popular rice-focused methodology to ensure credit quality.