Carbon Pulse

Demand for low-quality offsets by major companies is undermining efforts to boost climate integrity in the voluntary carbon market (VCM), according to new research.

The first facility to demonstrate the production of sustainable aviation fuel (SAF) using CO2 and hydrogen in a single-step process has been launched at Oxford Airport on Monday.

A sell-off in Xpansiv CBL's N-GEO futures contract on CME, attributed to an urgent portfolio liquidation, caught the voluntary market by surprise last week.

International air carriers' association IATA has urged that greater supply of CORSIA carbon credits be made available to the market to enable the aviation industry to effectively decarbonise, warning of a looming shortage.

Sixty projects up to 3.5 million hectares of land in size at their largest are in development with the aim of generating biodiversity credits, an international survey has shown.

The EU's General Court will take over the legal jurisdiction for hearing and deciding questions regarding preliminary rulings on the EU ETS, under a change announced on Monday. 

Carbon credits issued under methodologies that have been assessed as adhering to Integrity Council for the Voluntary Carbon Market (ICVCM)'s Core Carbon Principles (CCPs) saw a significant year-on-year lift in retirements in June and July, defying the summer slump seen across the wider market.

While bioenergy with carbon capture and storage (BECCS) is still a nascent technology, companies with biogenic emissions that fail to integrate the solution into their sustainability strategies may be missing out on significant opportunities for both emissions reductions and financial gains, according to a report on Monday.

Many regulated entities under the EU's incoming Emissions Trading System for heating and transport (ETS2) worry they won't be able to meet their first compliance deadline — as all but one EU country has yet to implement the policy into national law, while another is drawing criticism for its move to do so.

A Germany-based investment vehicle is piloting its biodiversity credit methodology for endangered species within a reserve in South Africa, in a bid to increase investors' appetite towards habitat conservation in the area.

European carbon prices rose to a more than two-month high on Monday morning, propelled by year-to-date highs in natural gas and power, and the prospect of sharply warmer temperatures across Europe that were expected to boost the call on thermal power.

A carbon exchange traded fund (ETF) on the Australian bourse will shut down operations next month, citing failure to reach the needed size to track the benchmark and meet its investment plans, not being cost effective to investors compared to other carbon ETFs, and limited secondary market trading volumes.

The feasibility of carbon capture, utilisation, and storage (CCUS) is highly uncertain, making it an unviable option for the retrofitting of existing thermal power plants, an Indian government official has told the upper house of Parliament.

One of the many goals of the newly-formed carbon market alliance in Malaysia is to support an interoperable carbon market across the Association of Southeast Asian Nations (ASEAN) region, the association’s inaugural president has told Carbon Pulse.

The government of Tokyo has selected several climate startups to initiate voluntary projects that can create credits from nature-based and farming solutions, with the first batch of pilot projects to be implemented in the coming months.

EU member states handed out fewer than 10 million EUAs for 2024 to industrial installations in the last two weeks, raising the total number of permits issued by just 1.5 percentage points and leaving the market with more than 21% of its annual allocation still to be distributed among emitters.

A Shanghai- and Hong Kong-listed securities firm has issued a call for expressions of interest in Mainland China projects seeking status as Other Effective land-based Conservation Measures (OECMs) as part of the country’s efforts to meet its commitments under the Global Biodiversity Framework (GBF).

An Australian investment joint venture has launched a carbon credit fund focusing on reforesting agricultural land after securing A$80 million ($52 mln) in its initial close from some of the country’s largest miners and airlines.

Australia’s contribution to global warming and its share of the world’s carbon budget is much higher than it appears and within just over a decade could amount to 77 billion tonnes of CO2e, a report from one of Australia’s leading climate scientists cautions.

Financial entities continued to add new length to their long-dated California Carbon Allowance (CCA) holdings while reducing net positions in other North American carbon markets over the week, while producers continued to stack on RGGI Allowance (RGA) length, according to weekly data from the US Commodity Futures Trading Commission (CFTC).