Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 45 min ago
Australian Safeguard facilities awarded A$91 mln to reduce emissions
Heavy industrial facilities covered under Australia’s Safeguard Mechanism have been granted A$91 million ($61 mln) by the federal government to install new equipment to reduce carbon emissions.
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Indonesian court overturns Rimba Raya REDD project’s permit revocation
An Indonesian court has ruled in favour of the local concession holder of the giant Rimba Raya REDD project, overturning the national government's revocation of its licence to operate the scheme.
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WCI Markets: Delayed implementation of ETS changes overshadows bullish takeaways from ARB rulemaking workshop
California Carbon Allowance (CCA) prices struggled to register upside despite some clarity on ARB’s allowance budget cut plans at Wednesday’s rulemaking workshop, given the unexpected delay in implementation, pushed further to 2026.
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Voluntary carbon removals standard announces new seawater electrolysis protocol
A voluntary carbon standard on Thursday released for public consultation a new protocol aimed at boosting the reliability of CO2 removal through seawater electrolysis.
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Carbon storage ability of Western US forests declining from wildfires, drought -researchers
Forests in the Western US, considered critical carbon sinks, face increasing threats from drought and wildfires, potentially undermining their ability absorb CO2, researchers warn.
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Smaller refiners file complaints against US EPA, alleging lack of action on 2023 RFS waiver applications
A trio of US refiners filed complaints in federal courts last week against the Environmental Protection Agency (EPA), claiming the agency has failed to act on their applications for small refinery waivers under the Renewable Fuel Standard (RFS).
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Two member states increase number of EUAs they intend to cancel under ETS flexibility mechanism
Two EU member states have notified the European Commission that they intend to increase the number of EU Allowances they plan to cancel via the bloc’s ETS flexibility mechanism to help them achieve their non-ETS emissions reduction targets.
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CDR buyers’ club signs $40 mln offtake with US DAC startup, buying credits for $650/tonne
A climate tech startup on Thursday signed a $40-million offtake agreement with a CO2 removals (CDR) buyers’ group for credits from its first US direct air capture (DAC) facility, which has been operational since May.
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FEATURE: Shaky Dutch coalition govt creates uncertainty for country’s green investors
A decision by the newly formed government in the Netherlands to scrap a number of energy transition policies is leading to uncertainty for the clean technology sector in the country, according to experts, who also fear the new coalition will not survive long.
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COP29 presidency “optimistic” about Article 6, to earmark at least $500 mln for climate finance
Lead negotiators laying the ground for the next UN climate summit are "more optimistic" about two key texts on carbon crediting methodologies and international trade than in the run-up to previous summits, a senior official told Carbon Pulse on Wednesday.
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INTERVIEW: Startup to cut concrete CO2 by up to 75%, share carbon credits with licensees
A Florida-based startup says it can cut concrete's CO2 emissions by up to 75% and pay its customers a return on investment of carbon credits over the first 12 months.
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Zimbabwe Article 6 framework to be finalised by year end
The Zimbabwean government has started developing policies for carbon trading under the Paris Agreement and expects to finalise them by end of year, the country’s environment minister told reporters in Harare on Thursday, per local media reports.
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Carbon removals criteria updated to include environmental harms, benefits
While carbon removals may be good for the climate, developers and buyers also need to minimise the project's impact on wider environmental health, and promote benefits, according to updated criteria for high-quality projects, released on Thursday.
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Brazilian cosmetics company issues R$1.3 bln Amazon sustainability-linked bond
A Brazilian cosmetics company has raised R$1.3 billion ($245 million) with a 'first-of-its-kind' sustainability-linked bond (SLB) tied to targets on biodiversity conservation and sustainable sourcing in the Amazon region.
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New govt could boost UK green gilt market, says report
A new Labour government in the UK could boost the green gilt market, a new report published on Thursday has found.
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EU carbon removal framework to move forward on peatlands methodology as stakeholders react to name change
The European Union policy on how to define and certify carbon removal activities will move forward in October on a peatlands methodology, while several active in the sector have expressed surprise at a recent change in name of the regulation.
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Brazil near to 90% renewable electricity production, leads G20 pack -analysts
Brazil will host the G20 summit this year after producing close to 90% of its electricity from renewables in 2023, adding pressure on the group of leading economies to step up their decarbonisation efforts after seven countries let power sector emissions rise last year, according to analysts.
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INTERVIEW: Green materials gain traction with automakers ahead of EU’s end-of-life-vehicle regulation
Flax-based materials that can reduce a vehicle’s weight and CO2 footprint are increasingly in demand among automakers looking to meet their decarbonisation goals and get ahead of the EU’s proposed end-of-life vehicles (ELV) regulation.
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Blended finance fund raises $50 mln to protect Egypt’s coral reef
A $50-million fund to protect Egypt's coral reef has been launched this week under the Egyptian Red Sea Initiative, a newly established programme supported by the US Agency for International Development (USAID) and the UN-backed Global Fund for Coral Reefs (GFCR).
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Euro Markets: Midday Update
European carbon edged higher on Thursday morning as the market looked to end a three-day losing streak, with prices tracking firmer natural gas despite a downturn in liquidity as the holiday season approached its peak.
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