Carbon Pulse

Three environmental market traders have changed firms over the summer, Carbon Pulse has learned.

China’s CO2 emissions fell in the second quarter of 2024, marking the first quarterly decrease since the nation re-opened from zero-Covid, though the whole-year emissions are likely to stay flat if energy demand growth continues.

National targets by governments could boost global wind capacity by just over double by 2030 - falling short of the global goal to triple capacity by the end of the decade, a think tank has found.

The EU regulation mandating shipping companies to lower their fuel’s greenhouse gas intensity will be a bigger driver for shipping companies to switch to cleaner fuels than including the sector in the EU ETS, experts say.

Proposals for interlocking carbon pricing instruments in Chile could refine public policy instead of muddying the waters, but cohesive design and strategic approaches will be key, according to experts.

The London-headquartered investment and advisory firm and a US-based subsidiary of a forestry-focused nonprofit will partner to identify suitable afforestation, reforestation, and revegetation (ARR) projects for carbon credits.

A recently published report has revealed the world’s biggest fashion brands are not moving quickly enough to align with the global goal of limiting temperature rise to 1.5°C above pre-industrial levels.

Saudi Aramco has purchased carbon credits from a compatriot carbon market participant to offset residual greenhouse gas (GHG) emissions from a shipment of Arabian light crude.

A growing rift between developing and developed countries over how to interpret last year's Global Stocktake of Paris Agreement progress, and ongoing negotiations over a new climate finance goal, threaten to delay and weaken the third generation of national pledges, a think-tank warned on Wednesday.

Heavy industry will consume as much as 80% of the EU ETS revenue earmarked for the Belgian region of Flanders from now to 2030, leaving scant funding behind to finance decarbonisation and a just transition, according to analysis by an environmental think tank.

The Commonwealth of Nations is speaking to three jurisdictions about implementing a model carbon tax law that its secretariat published last year, and is planning to further promote the law at COP29.

US carbon credits certifier Verra has issued a ‘corrections and clarifications’ document to align the definition of ‘forest’ to that of the Core Carbon Principles (CCP) Assessment Framework of the Integrity Council for the Voluntary Carbon Market (ICVCM).

A large commodity firm has announced it will keep its coal business, less than one year after saying it would exit the sector, following shareholder pressure.

An Indian think tank has launched a framework to try to drive investments in nature-based solutions (NBS) in the so-called Global South by measuring their potential benefits.

Issuance levels for new Australian Carbon Credit Units (ACCU) hit a new high in financial 2024, exceeding record volumes in 2023, even as trade in July hit a nine-month low, a carbon consultancy said this week.

A US company specialising in environmental measurement technology has announced the launch of its carbon credit trading platform, and the first transaction sourced from measured diesel engine emissions.

Virgin Atlantic's pledge to run future flights on fully sustainable aviation fuel is misleading consumers, according to an official UK judgment published on Wednesday.

Voluntary carbon market stakeholders mostly welcomed the decision made by the the Integrity Council for the Voluntary Carbon Market (ICVCM) to reject renewables methodologies from the sought-after Core Carbon Principles (CCPs) quality label, adding that they expected a limited market impact.

European carbon prices struggled for direction on Wednesday morning amid the lack of a daily auction, wider macroeconomic and geopolitical uncertainty, and closely tracking a flat TTF gas market, as investment funds trimmed their net short position 25% last week, according to Commitment of Traders data.

Nature-based carbon and biodiversity markets should only sell credits after their impact has been scientifically proven in a bid to make them credible and scale investments, a new study has said.