Carbon Pulse

Significant price consolidation of Australian Carbon Credit Units (ACCUs) sourced from different project types is unlikely to occur until the first compliance deadline to surrender credits under the Safeguard Mechanism in early 2025, a trader said Thursday.

Analysts have dropped their outlook for benchmark permit prices in the UK carbon market in 2024, citing oversupply, policy uncertainty, and expectations that a wide discount to EUAs will remain a characteristic of the British scheme.

The rise of multiple new carbon market exchanges in the Asia Pacific in recent years will help bring price transparency and encourage market development, but they could risk splintering liquidity, panellists told a conference Wednesday.

A blockchain-based metadata platform that seeks to foster transparent accounting in carbon markets is seeking data integration with more national registries this year, with multiple projects already in the pipeline.

A daily summary of our news plus bite-sized updates from around the world.

A Rio de Janeiro-based developer has received R$186.7 million ($37.8 mln) in financing from Brazil's national development bank for forest restoration in the country's Amazon and Atlantic Forest biomes, it announced Wednesday.

Verra provided stakeholders with updated information and timelines on a number of methodological, operational, and other aspects of its reform push in a webinar Wednesday, as the registry continues to seek a 'new era' following sustained criticism and controversy in the voluntary carbon market (VCM).

Climate Action Reserve President Craig Ebert provides a response to the misguided focus on low-quality credits and the elusive supply chain mitigation.

California issued its first compliance-grade offsets of the year, with more than two-thirds of issued credits tagged with direct environmental benefits to the state (DEBs), while over 1.1 million credits saw their invalidation periods expire, according to data published by state regulator ARB on Wednesday.

The US Environmental Protection Agency (EPA) granted permits on Wednesday for carbon sequestration wells in two Indiana counties, even as state lawmakers introduced legislation earlier this month requiring approval from local authorities for such projects.

A Toronto-based venture capital firm successfully raised $335 million in commitments towards its third fund investing in clean technology solutions.

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Company financial statements may have to include biodiversity issues as part of their sustainability coverage, following the publication of an opinion encouraging directors to address the environment, a UK lawyer has said.

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Red Sea shipping disruptions will have a relatively modest impact on EUA demand, analysts said in a report published Wednesday, consistent with recent Carbon Pulse analysis, though the effect could be more pronounced next year when a higher proportion of shipping emissions face compliance.

A conservation NGO in Africa that is developing REDD avoided deforestation projects to help bolster finances, has cut out the middlemen from its business model and pledged that a minimum of 80% of carbon credit revenue will stay within the country, it told Carbon Pulse Wednesday.

A broad far-right win at the upcoming EU elections could make it vastly more complicated to pass ambitious environmental and climate legislation needed to achieve the objectives of the European Green Deal, a think-tank has warned in a new report published on Wednesday.

It is difficult to ensure that carbon credits truly represent carbon reduction or removal - and while they can bring societal and environmental benefits, some projects can harm the environment and indigenous communities, according to a briefing on carbon crediting for UK parliament members.

A Portuguese voluntary carbon market (VCM) law, which came into effect in early January, relaxes some of its prior stances on offsetting for residual emissions, as well as on sources of additionality, compared to a prior proposal published for public consultation.

The UK government has updated the order of preference for how developers handle biodiversity impacts so it applies to all habitat types, rather than only the most distinctive, an expert has said.