Carbon Pulse

A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.

Australia’s reforms to the Safeguard Mechanism have been the lynchpin in driving “overwhelming” interest and activity in the country’s carbon market and has spurred some participants to begin to plan their decarbonisation journey, but key questions hang over other parts of the government’s climate agenda.

The World Bank has approved $1.5 billion in additional financing to help India accelerate the development of its national carbon market, boost green hydrogen production, and scale up renewable energy capacity.

A senior carbon trader with Shell has left to join the emissions desk at trading house Trafigura, Carbon Pulse has learned.

European firms are not only adapting but also thriving under rising carbon costs imposed by the EU ETS, new research published by the IMF has found.

The Mercedes-AMG PETRONAS Formula One team has announced new investments in carbon removal initiatives as part of its ambition to become one of the world’s most sustainable sports teams.

Compliance credit average prices in Canada’s Clean Fuels Regulation (CFR) declined year-on-year as supply tripled from low-carbon-intensity fuels such as ethanol and biodiesel, as imports flooded the nascent market according to the environment ministry’s first preliminary credit market report.

Canada has updated the carbon intensity values of various feedstocks used in the federal Fuel Life Cycle Assessment Model, including national and international grid electricity processes, fossil fuels, and crops.

Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).

The world’s governments should balance incentives with penalties to foster more effective carbon offsetting in the tourism industry, a new study recommends.

Voluntary carbon standard Verra on Friday inactivated more project methodologies, adding to the list of protocols being removed from service due to low use or revisions.

A California-based non-profit research group estimated that recent wildfires in New Mexico have eliminated almost 202,000 offsets eligible under regulator ARB's compliance scheme, according to a Wednesday blog post.

A controversial suite of US Environmental Protection Agency (EPA) standards on existing coal and new natural gas plants will reduce CO2 power emissions by 155-241 million tonnes by 2035 but fail to see carbon capture and storage (CCS) deployed at a wide scale, according to a note published Thursday by a New York-based research group.

The US Supreme Court on Friday overturned the so-called Chevron doctrine, a 40-year-old precedent which held that judges should defer to the expertise of federal agencies when laws passed by Congress are unclear.

The EU’s climate agenda in the past five years has been focused chiefly on domestic action, but the next phase of policymaking will see a growing emphasis on international relations and trade, EU and national officials said on Thursday.

Denmark has kick-started the bidding process for winning a government subsidy to build carbon capture and storage (CCS) facilities in the country.

Avoidance offsets, both legacy technology-based and nature-based avoidance credits with co-benefits, are the highest risk areas in the current voluntary carbon market, according to a report published this week.

European carbon prices continued their week-long slide on Friday morning to set yet another two-month low as the market headed for a weekly loss amid declining liquidity and a narrowing price range, while power and coal markets also looked set to record a second weekly drop and natural gas was little changed from last Friday.

Global carbon capture capacity will surge to 440 millions tonnes per annum (Mtpa) while storage capacity will reach 664 Mtpa by 2034, but will still fail to meet demand, global energy data and analytics provider Wood Mackenzie has predicted.

Denmark’s move to impose a CO2 tax on livestock emissions marks a historic moment in pricing carbon emissions in agriculture, though the level of tax and phase-in schedule was scaled back in ambition, say experts.