Carbon Pulse

GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, has signed a Memorandum of Understanding (MoU) with a Philippines-headquartered energy company and a global asset manager to explore the use of ‘transition credits’, starting with the retirement of a coal-fired power plant in the Philippines, it announced Friday.

CO2 allowance prices in China’s carbon market hovered around the 91 yuan ($12.70) level over the past week, while the weekly trading volume has remained steady.

The Australian federal government on Friday released a consultation on its latest version of the Full Carbon Accounting Model (FullCAM) and associated guidelines.

Danish shipping company Maersk will work together with two parter companies to assess the potential for nuclear-powered container ships in Europe, they announced this week.

A cross-sector alliance that aims to revitalise Japan’s carbon credit market has seen the first batch of certified carbon credits under its newly developed carbon standard, it announced Friday.

Nearly 25% of the European landscape has the potential to be rewilded, with over two-thirds of the territories lying in countries with cooler climates such as Scandinavia, Scotland, and the Baltic states, researchers have found.

The Australian government on Friday distributed a draft sustainable ocean plan for public comment, offering little in terms of specifics at this early stage but saying the plan would bring a long list of opportunities, including for carbon and biodiversity markets.

Indonesia’s incoming president Prabowo Subianto’s office has reconfirmed a plan for a Climate Change Control and Carbon Administration which will use blockchain to manage its carbon markets in addition to pursuing a net zero target set by the previous administration.

While he took the time to disconnect from New Zealand’s carbon trading scheme during a recent gardening leave, a prominent figure in the market on Friday told Carbon Pulse he is optimistic about its fundamentals since returning.

South Korean companies are developing methods to make the asphalt paving process more environmentally friendly, which can help reduce emissions in the transportation sector.

Heightened demand from carbon credit buyers located in the Global South will be key to retaining climate finance in-country and pursuing sustainable development in emerging economies via the voluntary market (VCM), instead of relying on foreign investors from the North, according to speakers at the Mexico Carbon Forum in Guanajuato this week.

A federal court granted United Airlines’ (UA) motion to dismiss a class action lawsuit alleging the airline had misrepresented its green claims from the use of sustainable aviation fuel (SAF), according to court documents released Wednesday.

Regional trade bloc agreements could help facilitate the development of Article 6 capacities and trading in Latin America, conference attendees heard Wednesday.

The Mexican state of Hidalgo is considering implementing a state carbon tax, which is expected to allow the use of offsets for compliance purposes, according to an official from the state’s environmental ministry.

California Carbon Allowance (CCA) prices moved lower this week in light of the Q3 auction, as traders discussed whether recent feedback submitted to California regulator ARB would be incorporated into the cap-and-trade programme's formal rulemaking.

The Canada Growth Fund (CGF) has allocated $100 mln towards a British Columbia-based carbon capture company, the federal government announced Thursday.

Mexican carbon market stakeholders are welcoming president-elect Claudia Sheinbaum as a fresh face with the potential to prop up green finance, Carbon Pulse heard this week in Guanajuato at the Mexico Carbon Forum, though subnational governments are still seen as a major driver of the country’s climate action.

Bolivia’s top court has struck down a provision of national legislation that previously banned carbon trading in the country, prompting a request for review by the vice presidency.

Federal regulations are needed in Mexico to incentivise carbon credit use among businesses and foster greater voluntary market (VCM) transparency, according to a senior stock exchange official speaking at the Mexico Carbon Forum in Guanajuato this week.

New York officials plan to release draft rules for the state’s cap-and-invest programme later this year, a webinar heard Thursday.