Carbon Pulse

The Northwest Territories (NWT), which maintains its own carbon pricing legislation in place of the federal government’s, approved the carbon tax exemption on home heating fuel, alongside a reduction in its quarterly territorial rebate on Wednesday.

Despite their current downtrend, investing in EU carbon allowances will likely be one of the “great opportunities” of 2024, analysts predict.

Shipowners have targeted liquefied natural gas (LNG) as the fuel to meet the International Maritime Organisation’s (IMO) 2030 climate targets, while methanol, seen as a distant second-place option, has been largely promoted by just one major company, finds a report.

Despite record growth in US clean energy sources last year, an environmental think-tank has warned the sector faces challenges, including supply chain issues and the need for accelerated renewable power installations to meet the country’s climate targets.

A US-based tech company specialising in environmental assets and a German brokerage have launched a regulated trading platform for tokenised renewable energy certificates (RECs).

A US-based venture capital firm has secured $100 million in its second funding round, primarily earmarked for Series A investments in companies working towards decarbonisation, the company announced Wednesday.

A large voluntary forest carbon project in British Columbia, developed by a major Canadian timber company, will have its initial 'zero' grade issued by a US-based ratings firm reviewed after important data said to be missing was made publicly available.

The European Commission's recommendations on Tuesday that the EU aim to reduce emissions by 90% by 2040 and deploy carbon capture to help get there marked the beginning of a rocky road of further climate negotiations.

A climate finance company launched this week aims to unlock billions for developing countries by providing guarantees for institutional investors buying green bonds on the London Stock Exchange.

Norges Bank Investment Management (NBIM), which oversees Norway’s $1.4 trillion sovereign wealth fund, has highlighted the significant impacts and dependencies on biodiversity linked to its investees' sectors, in its first step towards adopting the TNFD's recommendations.

Corporations will use biodiversity credits to “counterbalance” the harm they inflict on nature throughout their supply chains, but the practice should not be called offsetting, a data expert has predicted.

Verra has launched a public consultation on proposed revisions to a refrigerant leak detection methodology as part of revisions to parts of its carbon crediting programmes.

The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc - with little time in which to navigate the new rules.

A blended finance fund dedicated to investing in clean energy and infrastructure in developing countries has received $282 million of commitments, bolstered by a recent investment from the European Investment Bank (EIB).

Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.

Allowance prices in China's carbon market moved up over the past four trading days despite recent regulatory news, while only hundreds of credits changed hands in the national offset market amid diminishing demand.

European carbon prices were little changed on Wednesday morning as the lack of a daily auction and inconclusive weekly position data failed to offer any impetus to the market while mixed energy markets also failed to give any direction, setting EUAs up to return the narrowest daily trading range in nearly three years.

A Danish tech startup specialising in regenerative agriculture finance and technology has acquired a UK-based farm management software business that has thousands of farmer clients across more than 100 countries.

The International Energy Agency's recommendation that renewable energy installation be tripled by the end of the decade would be a drop in a vast ocean at one of Australia’s more emissions-intense regions, and the scale needed is not yet close to get decarbonisation across the line.

The government of Cambodia has decided to study the potential of combining the concept of securities token offering (STO) with carbon credits, with an exchange reportedly to be introduced later this year.