Carbon Pulse

AirCarbon Exchange (ACX) issued a notice it has delisted a nature-based carbon contract from its facilities, effective June 30.

Establishing an international mechanism to regulate the trade of biodiversity credits globally is key to supporting government action and bolstering market uptake, the head of a biodiversity credit project developer said on Friday. 

British power company Drax saw profits rise 37% in H1, as the bioenergy with carbon capture and storage (BECCS) developer continues to await a decision from the UK government on extending the subsidy regime.

Motorists should brace for higher fuel prices at the pump than initially foreseen when the EU fully applies its Emissions Trading Scheme (EU ETS) to road transport and heating fuels in 2027, the EU’s refiners association told Carbon Pulse in an exclusive interview.

European carbon was set to record its first five-day gain in three weeks on Friday as prices moved higher in the wake of stronger natural gas and power markets though traders were unconvinced at the strength of the rally, and UK Allowances were poised to record a fourth weekly decline.

Efforts to conserve mangroves are building momentum, but significant funding from insurance, philanthropy, and carbon is still needed to achieve international objectives, according to a report released Friday.

CO2 allowance prices in China’s carbon market climbed above the 90 yuan ($12.41) level again over the past week amid improved liquidity, as market continue to await news on the permit supply outlook.

EU member states made scant progress in the annual issuance of free EUAs to industry over the last fortnight, with two countries adding just 5 million units to the total number of permits issued since the European Commission published its first report two weeks ago.

A £12-million Scottish estate with a carbon project has been unexpectedly put up to sale amid criticisms of greenwashing. 

Over 85,000 hectares of potentially endangered forests in two major Malaysian states are advertised for sale on online marketplaces, a rapid response report by climate watchdog Rimbawatch revealed Friday.

A Japanese shipping firm has invested in an aquaculture venture to create blue carbon credits and protect marine biodiversity through kelp bed restoration projects.

The Washington State Office of Financial Management (OFM) has published its assessment of scrapping the state’s cap-and-trade programme should ballot initiative 2117 (I-2117) succeed, but failed to discuss several negative impacts it might have on the economy, according to a think-tank.

California Carbon Allowance (CCA) prices stabilised on lower volumes this week in the absence of a market catalyst, holding below Washington Carbon Allowances (WCA) that registered a slight uptick in activity in an otherwise subdued market.

US Environmental Protection Agency (EPA) standards finalised this spring that envision a prominent role for carbon capture and storage (CCS) in reducing power plant emissions have piqued interest in the emerging technology, but hesitancy remains around legal challenges, a conference heard Thursday.

The regulatory framework for Mexico’s long-delayed emissions trading system (ETS) is in the final stages of review, and the private sector is increasingly interested in offsetting strategies, according to a Mexican industry representative speaking on a webinar Thursday.

Tax credits and other incentives towards carbon capture and storage (CCS) in the US are likely to continue under a potential second Trump administration, experts told conference attendees, also providing recommendations for project developers in a post-election landscape. 

Denmark has written to the European Commission to express concerns about draft EU aviation emissions reporting rules, saying the text fails to properly take non-CO2 emissions into account, as requested under the EU ETS.

One of the major futures exchanges in carbon markets has suspended its benchmark contract in CORSIA-eligible carbon credits, straining the credibility of delivery on trades that had been made on the platform.

Voluntary carbon certifier Verra announced the appointment of a new CEO from its Board of Directors on Thursday, after more than a year since its founding CEO stepped down.

Egypt’s long-awaited voluntary market (VCM) is ready to start trading, and the Egyptian Stock Exchange (EGX) is currently awaiting the execution of its very first deals, according to local media reports.