Carbon Pulse

European carbon prices advanced on Monday morning as demand from coal-fired generation was said to be picking up amid a shift in relative margins from gas to coal for some delivery periods, while energy prices also firmed as gas traders continued to fret over storage levels that are now below 2023 levels.

A Seattle-headquartered forestry firm will issue 100,000 improved forest management (IFM) carbon credits in 2024, according to the company’s Q2 results.

A carbon ratings agency has partnered with a bank to “bring transparency to carbon markets in the UAE”, the two companies said on Monday.

A direct air capture and storage (DACS) project has launched in France, boasting high energy efficiency and representing the first onshore CO2 removal project of its kind in the EU, the developers claim.

Shanghai Electric’s latest alkaline electrolyser will help to improve the economics of green hydrogen by being more energy efficient, boasting a higher production rate, an executive told Carbon Pulse.

An interactive entertainment company has purchased the first batch of biodiversity credits generated through a nature restoration project in the UK at approximately £50 per unit, Carbon Pulse has learned.

A group of six organisations, including Japanese shipping firm  Mitsui OSK Lines (MOL), have come together to launch a feasibility study on the production and use of biomethane from animal manure in order to fuel the country’s factories and vessels, a statement released Monday said.

A Qatar-based organisation has launched a new platform to host the auctioning of Internationally Transferred Mitigation Outcomes (ITMOs), it said Monday.

A group of investors have announced a partnership focused on the certification and management of rainforest in the Democratic Republic of Congo, in collaboration with the government, with plans to launch a carbon credit investment bank, they said Monday.

Ecuador’s subcommittee in charge of advising on environmental reforms for the national legislature voted Saturday to explicitly permit carbon trading, bringing the country one crucial step closer to endorsement after over 15 years of repudiation.

Financial entities further built their net long V25 California Carbon Allowance (CCAs) holdings, while compliance demand for RGGI Allowance (RGA) holdings extended for another week as prices surged to new record highs, according to weekly data from the US Commodity Futures Trading Commission (CFTC).

A group of US oil companies with global operations jointly filed a brief last week asking a court to dismiss a Pennsylvania county’s claims that their industry had exacerbated climate change.

The bill sponsor of California’s emissions disclosure law proposed a six-month implementation delay to the regulation, among other changes this week.

After the latest round of talks, the UN negotiation group in charge of defining a mechanism to share benefits derived from the digital sequence information on genetic resources (DSI) on Friday said parties are getting closer to an agreement, which is set to include the establishment of a global fund.

Mexico stands to be less exposed than other Latin American economies to the EU’s carbon border adjustment mechanism (CBAM), Carbon Pulse heard this week at the Mexico Carbon Forum in Guanajuato, although the country could be caught in the crossfire of potential obstructive trade measures by the US.

Southeast Asia’s top steelmaker is likely to be hit by Europe’s carbon border taxes but not necessarily enough to force it to make a low-carbon change, a paper said this week.

A voluntary carbon standard body is seeking feedback on a modular peatland restoration methodology that will in the first module focus on crediting the rewetting of drained peatlands on agricultural land in temperate climates.

The 40 major companies listed on Germany's DAX stock market index collectively reduced their total value chain greenhouse gas emissions by 4% last year, compared to the previous year, according to analysis from a large consultancy.

Danish energy giant Orsted has scrapped a proposed e-methanol plant meant to supply green fuel for container ships amid a lack of demand, it announced Wednesday, in the latest sign that European energy majors are retreating from green fuel projects.

EUA prices moved slightly higher on Friday morning, setting the market up for its third weekly gain in the last month, as selling pressure appeared to fade away and buyers were slow to fill the gap, while trading volume shrank as participants headed into the peak summer weekend.