Carbon Pulse

European carbon prices were little changed at midday after a morning session in which bulls and bears played tug-of-war, with a firmer gas market supporting EUAs in the face of continued selling pressure.

The EU faces large funding gaps in delivering the priorities of its strategic agenda over the next five years, with climate change alone requiring much bigger investments and capital markets only able to fund about a third of it, according to research published on Tuesday.

A coastal state in the southern part of India is planning to implement afforestation, reforestation, and revegetation (ARR) projects to restore and protect mangrove forests in the state, local media reported Tuesday.

Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday.

EEX’s European carbon trading volumes surged in the first six months of 2024, compared to the previous year, driven by "significant growth in order book activity" on secondary market EUA futures activity as a result of a new scheme introduced in 2023.

Some 132 businesses and financial institutions with combined annual revenues of $1.1 trillion have called for the governments of the world to strengthen their nature policies in the build-up to biodiversity conference COP16.

Reforms to UK carbon pricing and maintaining momentum behind carbon capture and storage (CCS) clusters are two of the 10 priorities identified by industry, academia, and civil society organisations to grow the UK’s clean industry.

India’s largest farming state has partnered with a local non-profit and a Singapore-based developer for agroforestry projects across the state in order to boost farmers’ incomes through carbon credit revenue.

Chinese regulators have released a three-year action plan for the low-carbon transformation of coal-fired power plants, with a focus on the development of co-firing methods as well as carbon capture, utilisation, and storage (CCUS).

New Zealand’s carbon market has seen robust volumes of NZUs change hands in recent weeks, however the market is still in a wait-and-see mindset ahead of key government decisions and announcements.

Some investors find making money through biodiversity too complicated compared to more traditional means, a pre-print paper has suggested.

US-based BlackRock, the world’s largest asset manager, published guidelines outlining its voting strategy at shareholder meetings on behalf of funds with climate-related investment objectives, inclusive of positions on corporate disclosures, shareholder proposals, and board effectiveness.

The US Department of Transportation (DOT) has revealed its plans to reduce greenhouse gas (GHG) emissions to align the sector with the country’s international climate commitments, but emphasised that achieving these goals requires additional support.

RGGI allowance (RGA) values jumped over the past week on the back of strong power demand and high summer temperatures, as the futures market witnessed roughly four-month low volumes amidst the ongoing wait for programme review developments.

Australia’s banks are still funding fossil fuel projects and their developers at a rate inconsistent with Paris climate targets and their own net zero timelines, a report released Tuesday by activist shareholder group Market Forces said.

Top global producers of ammonia and ethanol based in the US announced a joint effort on Monday to pilot low carbon fertiliser application across US farms, thereby lowering the carbon intensity (CI) of corn used in ethanol production.

South Africa’s legislative capital has raised R$36 million ($2 mln) by auctioning credits generated under the Kyoto-era UN Clean Development Mechanism (CDM) from projects that convert landfill-origin methane into electricity.

There was a slight lift in trading prices across several key indices in the voluntary carbon market last week, reflecting the ongoing interest in the impact of Core Carbon Principles (CCPs) on the market.

South Africa’s president has urged other developing countries to ditch fossil fuels in favour of green energy in order to avoid having to pay economy-damaging future carbon taxes, Reuters reported on Monday.

Retrofitting traditional steel plants with carbon capture and storage technology is unlikely to be more cost competitive than investing in newer, hydrogen-based steelmaking, according to analysis by a climate NGO.