Carbon Pulse

Britain's electricity flows may be the most impacted by the EU's Carbon Border Adjustment Mechanism (CBAM) as imports sent to the EU are set to become more expensive, with the Western Balkans also poised to be hit hard.

The European Union could end up being “paralysed” if the far-right Rassemblement National party is able to form a government in France, with potentially significant consequences also for energy and climate policy across the region, according to policymakers and analysts.

Companies with validated science-based targets increased by 102% during 2023 alone compared to all previous years, with Asia leading as the region with the highest number of such companies, a report released Monday has found.

A recently developed metric for tradable biodiversity credits has the potential to optimise resource allocation to species conservation efforts, a paper has said.

The EU and UK must rejoin their carbon markets in order to scale cross-border CO2 transport and storage projects, according to researchers from the University of Oxford, who also underlined the political challenges of relinking the two systems.

EU carbon allowances started the week brightly as Europe's energy and equity markets rallied in relief at the outcome of the first round of France's parliamentary elections, before tailing off slightly later in the morning as the recent daily pattern appeared to be repeating.

Scientists from a UK research centre have verified the feasibility and potential scalability of a new ocean carbon removal technique, they said Monday.

The UN drafted on Monday a proposal to establish a global fund for sharing some of the multi-trillion dollar revenues derived from products that leverage the use of the DNA sequences of plants, animals, and microbes, known as digital sequence information on genetic resources (DSI).

A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.

A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.

Australia’s reforms to the Safeguard Mechanism have been the lynchpin in driving “overwhelming” interest and activity in the country’s carbon market and has spurred some participants to begin to plan their decarbonisation journey, but key questions hang over other parts of the government’s climate agenda.

The World Bank has approved $1.5 billion in additional financing to help India accelerate the development of its national carbon market, boost green hydrogen production, and scale up renewable energy capacity.

A senior carbon trader with Shell has left to join the emissions desk at trading house Trafigura, Carbon Pulse has learned.

European firms are not only adapting but also thriving under rising carbon costs imposed by the EU ETS, new research published by the IMF has found.

The Mercedes-AMG PETRONAS Formula One team has announced new investments in carbon removal initiatives as part of its ambition to become one of the world’s most sustainable sports teams.

Compliance credit average prices in Canada’s Clean Fuels Regulation (CFR) declined year-on-year as supply tripled from low-carbon-intensity fuels such as ethanol and biodiesel, as imports flooded the nascent market according to the environment ministry’s first preliminary credit market report.

Canada has updated the carbon intensity values of various feedstocks used in the federal Fuel Life Cycle Assessment Model, including national and international grid electricity processes, fossil fuels, and crops.

Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).

The world’s governments should balance incentives with penalties to foster more effective carbon offsetting in the tourism industry, a new study recommends.

Voluntary carbon standard Verra on Friday inactivated more project methodologies, adding to the list of protocols being removed from service due to low use or revisions.