Carbon Pulse

The crash in prices since January 2022 has wiped $5 billion off the value of available credits in the voluntary carbon market, but the surplus today is still worth $4.7 bln, finds a new report.

Oversupply in the UK ETS will be depleted by 2029 and allowance prices could reach as high as £136, according to analyst forecasts, speaking on a webinar Wednesday.

Brussels will play host on Thursday to the first ever nuclear energy summit, with France and the US pushing for new financing mechanisms to be deployed across the globe to help countries ditch coal and transition away from fossil fuels.

An international shipping firm has teamed up with a large bank to to co-invest in sustainable aviation fuel (SAF) and generate voluntary carbon credits.

European carbon prices were little changed by midday, after moving in their narrowest range in more than a month amid a marked decrease in trading activity on Wednesday, as the weekly Commitment of Traders data showed a third successive decrease in investment funds' net short position.

Automakers can now align voluntary emissions reductions from their largest source of pollution — people driving their vehicles — with a pathway to limiting global warming to 1.5C, based on revised guidance released Wednesday by the Science Based Targets initiative (SBTi). 

The UK Infrastructure Bank (UKIB) has committed up to £50 million ($64 mln) to a first-of-its-kind venture capital fund seeking to create and scale businesses that harness nature and climate solutions developed by British research institutes.

A waste-to-energy plant in the Norwegian capital is planning to sell an initial 50,000 removal credits on the voluntary carbon market by the summer in a bid to raise capital for the construction of a carbon capture and storage (CCS) facility.

One of the world’s largest coal miners would like to see Article 6 negotiations concluded so it can better trade carbon credits and decarbonise operations, it said Wednesday.

The Johannesburg Stock Exchange (JSE) will start trading voluntary carbon credits within a matter of months, its chief executive told Bloomberg.

China's steel sector has the potential to cut carbon emissions by as much as 11% by 2025 if the government sets a more ambitious target for the adoption of electric arc furnaces (EAFs), a report has found.

A Seychelles-based environmental non-profit is spearheading a project to build Africa's first on-land regenerative coral aquaculture facility, paving the way for innovating coral reef conservation and restoration in the region.

Development of a new Australian environmental plantings methodology is likely to take priority over the Integrated Farming Land Management (IFLM) method, an expert told a conference Wednesday, all but confirming the development of the IFLM method will be pushed back.

Victoria’s plan to bring forward its net-zero target from 2050 to 2045 and have its grid operating on 95% renewable energy by 2035 passed the state parliament Tuesday.

An environmental commodities tech provider is building an interoperable digital platform for fungible carbon credits that can be traded and tracked across a global marketplace, it told a conference Tuesday.

The draft regulation for the national voluntary carbon market (VCM) in Mexico poses “nearly zero” risk to project developers in its current form due to deep structural issues, a conference heard from a legal expert Tuesday.

A US agency is looking to begin formal engagement with voluntary carbon market (VCM) participants this summer as part of its goal to enhance the quality and confidence of carbon removals, agency staff said Tuesday.

The European Commission will publish preliminary 2023 verified emissions figures for the EU ETS on Apr. 3, it announced late Tuesday.

Pressure is mounting on the Science Based Targets initiative (SBTi) to recognise the use of voluntary carbon credits in setting and achieving emission targets after a comprehensive survey of large corporations found the move would accelerate their spend in the market by 9% a year.

The world’s largest oil and gas companies are far from aligning with the Paris Agreement’s goals, instead targeting new fossil fuel developments and production in the near term, according to analysis published on Wednesday.