Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 22 min ago
UK govt argues North Sea oil and gas increase is key to net zero transition
The UK government’s controversial proposal to expand offshore oil and gas developments is necessary to transition the country to net zero emission, lessen reliance on imports, and scale up its clean technologies industry, Energy Security and Net Zero Minister Graham Stuart said on Monday.
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EBRD initiative launched in Turkiye targets decarbonisation of CBAM-covered sectors
Around $70 billion annually is needed to decarbonise Turkiye’s steel, cement, aluminium, and fertiliser sectors, according to a low-carbon pathway (LCP) initiative launched in the country by European Bank for Reconstruction and Development (EBRD).
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Norway’s carbon removals projects at risk if EU implements proposed climate policy changes -minister
Proposed changes to the EU’s climate policy jeopardises Norway’s chance to meet one of its emissions targets for 2030 and puts some of its carbon removal (CDR) projects at risk, the country's climate minister has said in a letter to the EU published on Monday.
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Brazil’s ambassador to WTO calls for reforming agricultural subsidies at BioTrade Congress in Geneva
The World Trade Organisation (WTO) must work to reform agricultural subsidies in order to support the achievement of the Kunming-Montreal Global Biodiversity Framework targets, the ambassador of Brazil to the WTO has said.
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IPCC plans to unveil carbon removals methodology by end of 2027
UN scientists will reveal a new methodology for carbon capture and removal technologies and to help inform national climate plans, the chair of the IPCC told an international summit.
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Euro Markets: Midday Update
European carbon allowance prices jumped sharply on Monday morning in close alignment with strong gains in natural gas markets, as the front-December EUA contract reached its highest in two months and breached long-standing technical resistance levels.
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Governments must develop biodiversity standards to address paper industry’s impacts, study says
Incentives for sustainable forest management and recycling are urgently needed to mitigate the biodiversity impact of paper production, as forest ecosystems have come under increasing pressure due to logging and the industry's extensive use of chemicals, a study has said.
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Japanese agricultural lender to promote seaweed feed additives, cut methane emissions
A major agricultural lender in Japan has teamed up with two domestic partners to promote the commercialisation of cow feed additives using red seaweed, aiming to reduce methane emissions from cow burps and restoring marine ecosystems.
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Commodity trader to generate 75 mln voluntary carbon credits by 2030 from portfolio
A multinational energy and commodity trading company has financed a voluntary carbon project pipeline worth 75 million issuances by 2030, it confirmed in a sustainability report.
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CBAM to deal limited blow to Malaysian exports, govt says
Europe’s carbon border adjustment mechanism (CBAM) will hit 75% of Malaysian exports to the region but less than 10% of total exports for 2021-23, according to local news citing figures from the government released Monday.
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Authorisation rules at centre of CORSIA approval block on voluntary carbon standards
ICAO has requested that voluntary carbon projects account for the supply risk if a host country revokes its authorisation for credit use in CORSIA as a condition for approving standards for the current 2024-26 phase of the international aviation offsetting scheme, after no new issuing bodies were given the green light at a key meeting last week.
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FEATURE: EU ‘pretty open’ to carbon removal incentives, including from ETS
The European Commission is looking at regulatory and financial incentives to support carbon removal technologies, a senior EU official has confirmed, insisting though that removals should be used as “a complement, not a substitute” to emission reductions.
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Beijing released revamped carbon trading rules for local market
The Beijing municipal government has released revised management rules for carbon trading under its local emissions scheme, adding more legal clout to back the operations of the pilot market.
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CDR companies team up to advance removal projects in North America’s pulp and paper sector
Two carbon capture tech companies have signed an agreement to collaborate on developing carbon dioxide removal (CDR) projects for the US and Canadiam pulp and paper industries, they announced Monday.
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Charity, carbon developer partner on nature-based solution to benefit children
An international charity organisation is partnering with an Australian project developer and advisory to develop nature-based carbon projects in the Asia Pacific, with a focus on benefitting children, it announced.
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Civil society groups sign actvist investor letter urging gas giant shareholders to vote on climate
Activist shareholder group Market Forces has called on retirement fund AustralianSuper to put heat on Woodside Energy’s development plans at its April annual general meeting to be held in Perth.
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Investors seek certainty on Australian fossil fuel phase out, resilience and adaptation plans, survey finds
While sentiment and confidence in Australia has improved thanks to significant climate policy progress, investors are waiting on the government to provide clear timelines on phasing out fossil fuels, a survey has found.
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Cercarbono publishes final biodiversity crediting protocol
Colombia-based environmental crediting standard Cercarbono on Friday published the final version of its biodiversity protocol that will underpin crediting of 18 eligible activities across a number of ecosystems, though with a number of significant changes since its initial draft.
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German DAC deployment to come with high costs, extensive resource requirements, researchers warn
Deploying direct air capture technology in Germany and capturing a modest amount of CO2 emissions from the atmosphere would consume a significant amount power, land, and water resources, according to a new study.
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Emitters, speculators add to their holdings across North American carbon markets
Traders added to their overall net holdings across carbon markets in North America amid a recovery in allowance prices from last week's rout, according to data published Friday by the US Commodities Futures Trading Commission (CFTC).
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