Carbon Pulse

EU carbon prices extended their losses for a fourth consecutive session on Monday, dropping to yet another 23-month low and breaching a key technical level as selling pressure sliced through buying interest before finding some support.

Optimism for the role of Small Modular Reactors (SMRs) in the EU’s future energy system abounds, but, with the nuclear technology still far from ready for the market, some warn that it may prove to be a "dangerous distraction".

A carbon project developer has teamed up with a Brazilian fertiliser company to scale enhanced rock weathering (ERW) removals, the firms said Monday.

An Australian startup on Monday said it is able to make near-zero emissions steel from lower grade iron ore.

The US Department of Interior has announced a $157-million spending package on ecosystem restoration projects in a bid to support nationwide efforts to drive funding towards degraded lands and waters and advance climate resilience.

One of the world's largest shipping container companies has become the first in the industry to have its emissions reduction targets validated by the Science Based Targets initiative (SBTi) for a 1.5C-aligned pathway.

Indonesia goes to the polls Wednesday to decide its new president after two-term President Joko Widodo steps down, with former Suharto ally Prabowo Subianto the front runner.

Nearly half of the species listed under the Convention on Migratory Species (CMS) are showing population declines while more than one in five are threatened with extinction, a landmark UN report revealed Monday.

A UK-based blockchain marketplace for carbon removals trading has launched an investment accelerator for new projects, it said Monday.

One of the world’s biggest infrastructure consulting firms has released a statement backing the goals of the Global Biodiversity Framework (GBF) and committing to helping clients achieving nature positive outcomes.

Australian oil and gas producer Woodside has been taken to task over its net zero aspirations, with an environmental group describing them as nothing more than greenwashing.

Emissions from maritime vessels are set to surge by up to 70% as companies increase speeds to compensate for the longer voyages necessitated by re-routing around the Cape of Good Hope instead of through the riskier Suez Canal.

Researchers say they have found a way of enhancing accuracy in forecasting carbon prices in the EU ETS.

The US Congressional Budget Office (CBO) projected more than half of the $428 billion increase to federal budget deficits over the next 10 years would be as a result of clean vehicle tax credits, with the remainder largely driven by other energy-related tax provisions, both stemming from the 2022 Inflation Reduction Act (IRA).

Regulated entities increased net holdings of California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), while speculators reduced net length across North American carbon markets, data published by the US Commodities Futures Trading Commission (CFTC) Friday showed.

Global carbon markets expanded for a fifth straight year in 2023, though the 2% annual growth rate was significantly slower compared to the prior year, analysts said.

California should initiate a process of linkage with Washington’s carbon market, undertake a series of reforms in its greenhouse gas (GHG) accounting, keep affordability of emissions reductions in mind, and outline carbon management guardrails to achieve its statewide GHG reduction goals, an annual ARB watchdog report published Friday argued.

California fires have burned through nearly a third of ARB’s offset buffer pool reserves intended to compensate for losses from wildfires for 100 years, researchers said in a blog post Thursday, adding to a string of similar concerns voiced over the years.

An Italian decarbonisation technology firm has joined forces with a US-headquartered ocean carbon capture startup and a European energy major to launch a pilot removals project in Norway.

A Toronto-headquartered voluntary carbon credit financier announced Friday that it has signed a streaming agreement for some 92,000 credits with a Seattle-based reforestation company.