Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 6 min ago
Enhanced weathering shows CO2 removal, crop yield boost in US farmland study
Crushed silicate rock can sequester as much as four tonnes of CO2 per hectare per year and improve crop yields, according to a four-year field trial on US agricultural lands.
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Deep sea mining has ‘poor’ market prospects, report warns
Investors should think twice before backing the deep sea mining (DSM) industry due to high financial risks related to technological challenges and poor market opportunities, a newly released report has found.
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Euro Markets: Midday Update
European carbon prices bounced off a key support level on Friday morning with short-positioned traders seen covering positions ahead of the weekend, as the market appeared set to post the first weekly gain of 2024.
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Global steelmaker developing voluntary carbon offset strategy
One of the world's largest steelmakers is developing a strategy to offset its residual emissions through the use of voluntary carbon credits.
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PREVIEW: Transport carbon accounting rules set for key EU vote
Lawmakers in the European Parliament are voting on Monday a proposal to harmonise the way carbon emissions from transport are counted across the EU, with debates focusing on the choice of methodology and whether to include emissions from international freight.
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Global energy-related CO2 emissions up, but lower than expected -IEA
The world’s energy-related CO2 emissions rose 1.1%, or 400 million tonnes, to hit new highs in 2023, but would have been even higher were it not for rapid uptake of cleaner energy, whose installation rose 75% over 2022 alone to 540 gigawatts, the International Energy Agency (IEA) said Friday.
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Verra consults on voluntary carbon capture and storage crediting methodology
Voluntary carbon market standard Verra has opened a public consultation on draft tools and modules intended for use under its methodology for carbon capture and storage (CCS), it announced Friday.
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International Big Cat Alliance set for launch after India cabinet approval
India's cabinet this week approved the establishment of the International Big Cat Alliance (IBCA), first announced in 2023.
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CN Markets: CEAs climb to four-month high amid healthier liquidity, loftier expectations
The spot price in China’s national emissions trading scheme (ETS) pushed above the $80 yuan ($11.11) mark over the past week on a healthier trading volume, as the outlook appears brighter for the future expansion of the carbon market.
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Australia Market Roundup: Govt seeks 10 GW of renewables capacity this year, ACCU issuance flat
The federal government is seeking feedback on the design of its Capacity Investment Scheme, which aims to rapidly boost the deployment of large-scale renewable energy and storage, with 10 GW expected to be put out for tender this year.
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Australian trading house begins offering insurance-wrapped voluntary carbon credits
A Sydney-based trading house has secured insurance-backing to underwrite certain voluntary carbon credits on its platform.
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UNDP, VCMI sign cooperative agreement to bolster carbon market readiness in developing countries
The UN Development Programme (UNDP) has signed a cooperation agreement with the Voluntary Carbon Market Integrity Initiative (VCMI) to boost developing countries’ participation in carbon markets, they announced Friday.
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Alberta budget targets emissions reductions funding towards CCUS
The Alberta government on Thursday published its 2024-27 provincial budget, largely allocating its forecasted carbon pricing revenues to carbon capture, utilisation, and storage (CCUS), while other emissions reductions projects are set to receive only around a tenth of the funding levels awarded to CCUS.
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Canada’s Saskatchewan confirms it won’t remit federal carbon fuel tax
Saskatchewan's provincial government on Thursday confirmed it would not remit the Canadian federal carbon charge following its refusal to collect the fee from household gas bills, potentially setting up a legal fight with Ottawa over the climate policy.
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Existing natural gas facilities exempted from pending US climate rule on power plants
The US Environmental Protection Agency (EPA) is excluding existing natural gas facilities from its proposed climate rule that aims to curb greenhouse emissions from power plants, significantly reducing the scope of its regulation.
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WCI Markets: Volatility spikes in CCAs post Q1 auction
California Carbon Allowances (CCAs) traded through a volatile week following the market's Q1 auction-inspired rally, while Washington Carbon Allowance (WCA) prices continued to recede ahead of next week’s first quarter sale.
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US startup announces partnership to expand Brazilian farmers’ access to carbon market
A California-based soil carbon startup has partnered with a Brazilian agribusiness company to expand access to carbon financing for farmers and ranchers in Brazil through scaling regenerative agricultural practices, according to a Thursday press release.
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Knowledge hub launched to advance nature-based solutions across UK
Oxford University's Nature-based Solutions Initiative (NbSI) has introduced a new Knowledge Hub to enhance the implementation and scaling up of high-quality nature-based solutions (NBS) across the UK.
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British Airways owner IAG inks deal to secure almost 1 bln litres of SAF over 14 years
International Airlines Group (IAG) has agreed to buy almost a billion litres of sustainable aviation fuel from a California-based producer, bringing the British Airways owner a third of the way to reaching its 2030 SAF goal.
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South Dakota legislature approves suite of carbon pipeline bills
A controversial Senate bill, which reduces local control regarding CO2 pipeline projects, now awaits a final decision by Governor Kristi Noem (R), while two House bills, pertaining to landowners in the crosshairs of pipelines, now await a vote on the Senate floor.
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