Carbon Pulse

The Welsh government is consulting on whether to introduce a duty for ministers to protect biodiversity, through embracing targets such as becoming nature positive.

European carbon allowance prices were firmer at midday after the market reacted sharply to the day's auction, rising to test recent psychological and technical levels as traders anticipated the first gap of the year in the programme of daily EUA sales and weekly Commitment of Traders data.

Carbon Pulse has hired two biodiversity market and policy correspondents to strengthen its coverage ahead of what will be a busy and critical year for this beat, while also adding to the team of reporters covering carbon markets and climate policy in the EMEA region.

The Global Environment Facility (GEF) Council has approved a $916-million spending package on efforts to tackle biodiversity loss, nature degradation, climate change, and pollution, as its meeting in Washington is now set to open discussions on the governance of the Global Biodiversity Framework Fund.

A producer of components for highly efficient electrolysers says that those able to use renewable energy more effectively will be greatly valued as access to clean energy becomes increasingly constrained.

A European accelerator for innovative carbon dioxide removal (CDR) technologies has moved eight startups to its next phase, it said Tuesday.

China is planning to conduct research on offset methodologies for projects implemented in the railway sector, as the government aims to reduce transport emissions through market-based mechanisms. 

The price for Australian Carbon Credit Units (ACCUs) has crept higher after a flurry of spot trades, however the market is expected be awash with credits until the late 2020s according to a bank’s analysis.

Tanzania has received applications for the launch of 35 carbon credit projects and expects to earn some $1 billion from the market, a senior government official has said.

Utilising biochar production could help China meet its climate targets, though the inclusion of such projects in national carbon markets is needed to unleash the potential of the industry, a study has found.

As the steel sector moves to decarbonise and shifts from coal-fired blast furnaces to cleaner technologies, higher grades of iron ore will be needed, a think tank said Monday.

An Australian carbon project tech company has sourced A$600,000 ($389,000) in pre-seed funding from venture capital firms to go towards its development and expansion plans in the voluntary carbon market.

RGGI allowances (RGAs) broke all-time highs for the third consecutive week on particularly low volumes, as markets continue to await direction in the form of development from the ongoing but overdue Third Program Review.

The US Department of Energy (DOE) announced Friday funding of up to $304 million towards large-scale carbon capture and storage (CCS) demonstration projects located at power and industrial sites across four states.

A Toronto-headquartered alternate asset management firm has raised $10 billion in the first closing of its second private equity fund investing in global net zero opportunities, and is on track to exceed its predecessor fund size, the company announced Monday.

Solar photovoltaic capacity across Europe will rise more than any other power generation source due to major additions planned for this year, analysts forecast, potentially displacing demand for carbon permits.

The European Commission will on Tuesday present what is likely to be the last substantial climate action proposals before the European elections, tackling tough questions about how to decarbonise the hardest-to-abate sectors and get on track for net zero emissions by 2050.

News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.

The 2024 budget for Guyana’s Ministry of National Resources will allocate more funding to mineral mapping than to land reclamation and reforestation, but this will ultimately help prevent deforestation, according to recent remarks by the agency's minister.

The shipping sector’s main international trade association has put forward a new proposal for a global shipping climate fund, which could be filled by imposing a levy of $12.50 per tonne of CO2 equivalent, based on the need to raise $10 billion to meet emissions goals.