Carbon Pulse

Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.

A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.

A global food and pet care products manufacturer on Dec. 5 announced several partnerships with suppliers and soil carbon project developers to scale regenerative farming practices across Europe.

Nomura Asset Management plans to incorporate nature-related opportunity indicators into its proprietary ESG scoring model in the “near future”, an executive has told Carbon Pulse.

The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.

A coalition of First Nations has announced its intention to file legal action against Canada’s carbon tax, claiming the federal government breached their duty to consult the groups when instituting the carbon pricing scheme.

Financiers, mostly development banks, at the UN desertification conference COP16 in Riyadh, Saudi Arabia this week have committed $12 billion towards drought resilience, land restoration, and combatting land degradation.

European carbon prices were marginally lower at midday, following the evolution in front-month natural gas as both markets consolidated amid what has been a weak few days.

The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.

French bank BNP Paribas has launched a low-carbon transition equity fund, targeting €750 million from institutional investors such as insurers, pensions funds, and corporates.

China's environment ministry is seeking comments on emissions accounting rules for domestic steelmakers, as the sector will soon be included in the national emissions trading scheme.

A Paris-headquartered certifier for nature-based carbon projects has raised €5 million in fresh funding to expand its operations and develop new methodologies, the organisation announced on Thursday.

A Canadian tech company has collaborated with a concrete producer and a gas distributor in Saudi Arabia to produce low-carbon materials by incorporating captured CO2, the companies announced this week.

The EU’s 2040 climate target proposal, due early next year, should make a clear distinction between emission reductions and carbon removals, said Swedish lawmaker Emma Wiesner, denouncing the bloc's plans to put forward a net target as “a slap in the face” and “a huge betrayal” for the European Parliament.

An exchange that supports one of China's pilot carbon markets has unveiled an online financing service targeting carbon pledges in a latest attempt to explore innovative financial instruments.

Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).

New Zealand’s Climate Change Commission (CCC) has called for more severe emissions reductions across all sectors in its updated advice to government published Thursday, while recommending shipping and aviation emissions to be included in a net negative 2050 target.

An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.

A New York-headquartered sustainable soil company offering biochar alternatives to peat-based potting mixes has announced the completion of a $3.6-mln seed funding round aimed at transforming the horticulture industry through carbon-negative solutions.

The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.