Carbon Pulse

The EU's 27 energy ministers committed on Monday to continue efforts to reduce demand for gas until the end of next winter by at least 15%, during a meeting in Brussels.

Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.

A Canadian-headquartered voluntary offset project developer has partnered with an MRV technology firm run by one of its co-founders to pursue vertical integration amid a company rebrand and proposed dual share listing.

Carbon finance can be key in supporting farmers transition to regenerative agriculture, according to an investor working at the intersection of climate change and social impact.

A large private investment house is seeking to scale up investments in nature restoration projects as part of a broader strategy to become a major player in the burgeoning biodiversity market, a company executive said.

Commodities trading house Trafigura on Monday announced it would purchase a major European road fuels and biofuel supplier.

A group of economists has put forward ideas to revise the EU’s Carbon Border Adjustment Mechanism (CBAM), arguing the law could be simplified by focusing only on preventing ‘carbon leakage’ across the entire economy rather than addressing specific sectors for which carbon emissions data may be hard to come by.

Asset manager KraneShares will liquidate and terminate its flagship voluntary carbon market exchange-traded fund (ETF), according to a notice posted on Monday.

The governor of an oil producing state in Nigeria has announced the takeover of disputed forest land where the authority now wants to produce carbon credits, according to local media reporting.

The EU’s third-biggest carbon emitter, Poland, will need to almost double the amount of wind capacity it is currently installing annually, as well as use CCS, nuclear, and geothermal energy in order to reach net zero emissions by 2050, according to new research.

European carbon allowances shrugged off a recovery in natural gas in Monday morning trading, falling by the most in two weeks early in the session as speculators resumed aggressive selling, while wider energy markets eased lower on continued bearish fundamentals.

Large polluters will be required to have decarbonisation plans published by the middle of next year to be eligible for full Carbon Market Institute (CMI) membership or to be a lead sponsor at its events, the Australian industry body announced Tuesday as part of a policy shake-up.

When the European Commission presented its recommendations for a 2040 climate target last month, it also raised expectations – and a few eyebrows – by announcing the creation of a dedicated task force on “carbon market diplomacy”.

Freshwater wetland restoration can turn degraded wetlands from net carbon sources into carbon sinks, though it takes far too long for Paris Agreement purposes, meaning climate projects should prioritise conserving existing ones, a study has found.

The EU will provide grant funding to a Ukrainian startup looking to scale up its direct air capture (DAC) technology, with the CO2 intended to be used in agricultural applications.

Zimbabwe's government plans to launch a regulatory framework for the trading of voluntary carbon credits in the next year, hoping to generate around $400 million in annual revenues as project investments accelerate, a senior government official told local media.

Human activity in the past century has dramatically altered freshwater flows, jeopardising their capacity to regulate vital ecological and climatic processes, a study has found.

A South Korean offset project developer and investor has deepened its partnership with a provincial government in Mongolia in the hope of generating international carbon credits from forestry projects.

One of the world's largest shipbuilders has built an alliance to develop onboard carbon capture systems (OCCS) as part of its decarbonisation plan, with a pilot project set to be launched next year.

The Norwegian sovereign wealth fund will sell off ownership stakes in a major Indonesian conglomerate after concerns that its gold mining ambitions in Sumatra represents an unacceptable threat to a critically endangered species of orangutan.