Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 16 min ago
IEA undermining energy security in its pursuit of net zero, say US legislators
The International Energy Agency (IEA)’s emphasis on the energy transition fails its responsibility to provide objective data, said two US Republican lawmakers, who questioned its recent work in a letter addressed to the intergovernmental agency.
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Two voluntary carbon market titans to retire this year
Two titans of the voluntary carbon market are retiring this year, Carbon Pulse has learned.
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EU carbon pricing policies could transform, bifurcate global LNG trade -consultancy
The global LNG market is at risk of major transformation and possible bifurcation if the EU extends its carbon pricing policies to include imports of the fuel, according to a major global consultancy.
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SEC climate disclosure rules reinstated after litigation moved to new court
The US Securities and Exchange Commission's (SEC) new climate disclosure rules were reinstated by judges at the 5th Circuit Court of Appeals on Friday.
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PREVIEW: EU ‘green’ majority to exhale final breath before elections
Time is now up for the political majority that made the European Green Deal possible, with the bloc's 27 environmental ministers showing more and more signs of disagreement ahead of their summit next week.
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TNFD co-chair Elizabeth Mrema steps down
Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), is stepping down from her role amid a swathe of other leadership changes at the organisation.
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CBD advisory group lists potential centres to support global scientific cooperation
The UN Convention of Biological Diversity (CBD) has published a list of potential regional support centres to promote biodiversity-related collaboration on science, technology, and innovation.
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UK standards body lays groundwork for domestic framework on nature markets
The UK national standards body has launched a consultation on a set of overarching principles for domestic nature markets including units representing biodiversity.
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Momentum builds for shipping carbon levy as IMO meeting draws to a close
Momentum to introduce a carbon tax on shipping is building after delegates at a UN convention officially endorsed a framework on Friday to move forward with climate measures including the introduction of a levy on emissions.
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Water overlooked in voluntary sector but market potential tops 1.6 bln carbon credits a year, finds report
The total global potential for voluntary carbon credits generated from water-related projects could top 1.6 billion tonnes of CO2 a year, but the sector has been overlooked by project developers and investors, partly because of a lack of methodologies, finds a new report.
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Indigenous advocacy group urges US climate envoy to resist Article 6 development
A US-based Indigenous advocacy group sent a letter this week to US special climate envoy John Podesta urging him to oppose the development of Paris Agreement carbon markets, as communities worldwide debate their merits.
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Two sites published on English biodiversity gain register without boundary details
The first two areas on the register for off-site biodiversity net gain (BNG) projects in England have faced criticism for their lack of boundary details.
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Euro Markets: Midday Update
European carbon prices were heading for their first gain in four days on Friday morning, with some observers saying the market was reverting to a familiar recent pattern of rising on Friday ahead of renewed weakness on the following Monday, while natural gas turned bullish amid forecasts for lower temperatures from this weekend.
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Stakeholders call on GHG Protocol standards to make comparing corporate emissions accounting easier
The GHG Protocol has published a summary of stakeholder responses on its corporate emissions accounting standards, which includes details on market-based approaches and the use of voluntary carbon credits.
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CN Markets: CEA price holds above 80 yuan, liquidity plummets
China saw liquidity in its compliance carbon market fall sharply over the past week, while permit prices held above the 80 yuan ($11.07) benchmark amid growing optimism about the sectoral expansion of the market.
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Thai govt seeks consultation on second climate change bill, with market provisions
The government of Thailand has put out the second draft of its climate change bill for consultation until mid-April even as it will be considered for cabinet approval not before June 2024, with provisions for several market-based mechanisms to drive emissions cuts.
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Japan updates carbon offset guidelines to align with international standards, selects latest JCM projects
Japan has updated its guidelines to provide more clarity on the quality of offsets, as the country seeks to align its domestic framework with international efforts to improve the integrity of the voluntary carbon market.
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ETS2 prices seen hitting €200 mark by 2030 –analysts
Prices in the EU’s ETS for transport and heating fuels (ETS2) are expected to surpass those of the existing carbon market as early as 2029, and exceed €200/tonne of CO2 by 2030, according to projections unveiled on this week.
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South Korea moves to let securities firm launch OTC brokerage services in ETS
One of the largest Korean securities firms has been designated as an official broker for the country's national emissions market, as the government seeks to open up the market to more participants.
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Carbon market linkage may come at a price for Washington, analyst says
Washington’s linkage with the broader WCI market could hinder the state’s climate goals if it does not recalibrate its existing programme mechanisms, an analyst told conference participants Wednesday.
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