Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 5 min ago
Sustainability-linked bonds increasingly tied to biodiversity, UNDP says
Biodiversity is increasingly included as a key performance indicator (KPI) in sustainability-linked bonds (SLBs), as the market is expected to accelerate compared to last year, a UN Development Programme (UNDP) official has said.
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Financial institutions band together to advance biodiversity-related risk assessments
A group of financial institutions and consultancies have joined forces with a research institute to improve the assessment of biodiversity-related risks and opportunities to the financial sector, including estimating the economic impact of nature loss.
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Egyptian carbon tax expected by year’s end -media
The Egyptian cabinet is in the final stages of drafting carbon tax legislation under its forthcoming 2024-30 tax policy strategy, with the final version expected before the end of the year, according to Egyptian media sources.
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Canadian nature conservation certificate programme to remain small, expert says
Canada’s pilot for enabling companies to earn government-issued certificates for conservation achievements will remain small scale, an expert has predicted.
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New metric proposed to help tackle long-distance travel emissions
Long-distance travel is a disproportionately large contributor to the UK’s transport-related carbon emissions, researchers have found, prompting them to propose a new new metric to evaluate the effectiveness of reducing travel demand on CO2 output.
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European agtech firm secures €10 million in Series A2 funding round
A European agtech firm has secured €10 million in a second round of funding to boost its network of soil carbon removals projects, and plans to raise another €2-4 mln this year.
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Euro Markets: Midday Update
European carbon allowances were little changed at midday on Tuesday amid broadly stable energy prices, as traders reported a "boring" market that reflected the onset of the summer holiday season, while UK allowance trading slowed down as participants began to focus on Thursday's general election.
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Malaysia says will ensure carbon credit exports don’t undermine NDC targets
The Malaysian government will make sure that its Nationally Determined Contribution (NDC) goals are not undermined by the sale of carbon credits abroad, the country’s natural resources minister told parliament Tuesday.
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Lidl partners with WWF to improve biodiversity conservation across its supply chain
German-headquartered retailer Lidl has partnered with conservation organisation WWF to enhance biodiversity protection throughout its value chain across 31 countries.
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Taiwan finalises rules on domestic carbon credit trading
Taiwan has finalised regulations for the trading of domestically issued emissions reductions units, as the island seeks to complement a proposed carbon levy scheme that will be introduced in the next few years.
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Consortium launches cookstoves carbon methodology for projects under Article 6, voluntary markets
The Clean Cooking & Climate Consortium (4C), led by the Clean Cooking Alliance (CCA), has released a new methodology for crediting emissions reductions from cooking projects hoping to lend credibility to the market and boost investor confidence.
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Climate NGOs hit out at voluntary carbon offsets, call for outright ban
More than 80 non-profits have called for a carbon offset ban in climate regulations and company guidelines, arguing that they distract corporates from real decarbonisation.
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US-based soil carbon firm exploring sale options amid challenging voluntary market conditions
A US-based soil carbon removals platform has put itself up for sale amid challenges in the wider voluntary market, Carbon Pulse has learned.
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US firms launch new voluntary soil carbon methodology
Two US companies have unveiled a new soil carbon methodology that will credit farmers for implementing sustainable practices as well as the resulting removal and storage of CO2.
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China proposes modest reductions in long-awaited 2023-24 ETS allowance allocation plan
China's environment ministry is proposing moderate reductions in the number of CO2 allowances it will hand out for 2023 and 2024 in the national emissions trading scheme compared to the previous trading period and provide more clarity on permit carryover rules, according to a draft allocation plan released Tuesday.
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Indonesia targeting 15 CCS projects to be operational by 2030
The Indonesia government aims to have 15 CCS/CCUS projects online by 2030, its Ministry of Energy and Mineral Resource announced Tuesday, as the country continues to see it as integral plank of achieving its climate goals, while at the same time allowing its oil and gas sector to continue to grow.
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South Korea, Vietnam establish joint committee on climate change cooperation
South Korea and Vietnam have established a joint committee to foster collaboration on climate change as they move to deepen their relationship on issues such as compliance carbon markets and projects generating credits under Article 6 of the Paris Agreement.
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NZU stockpile shrinks by 25 mln following May surrender
The stockpile of privately held NZUs has shrunk by some 25.5 million units, according to government figures published Tuesday, thanks to the May 31 surrender deadline for emitters.
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Washington releases draft rule language for cap-and-trade linkage
The Washington Department of Ecology (ECY) on Monday released draft language of the cap-and-trade linkage rule to align the state’s carbon programme with the broader California-Quebec market.
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New Zealand lawyer group warns govt its lack of climate action skirts legal requirements
A prominent New Zealand legal group has urged the coalition government to rethink its unwinding of transport emissions reduction policies, saying it was ignoring key aspects of the first Emissions Reduction Plan (ERP) and the Climate Change Response Act.
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