Carbon Pulse

Energy ministers from EU candidate nations have called on Brussels to set out their potential carbon pricing options as they scramble to establish policies that can mitigate the impact of the EU's carbon border adjustment mechanism (CBAM). 

The world’s leading carbon credit certifier has signed an MoU with a bank-led pilot programme for farmers seeking to utilise marginal land, aiming to support capacity-building for participation in land use-based projects. 

A forestry project in Uganda has obtained Forest Stewardship Council (FSC)-certified accreditation for its soil conservation, enabling it to ask for sponsorship for its work.

European carbon prices were relatively stable on Friday morning as the relentless selling pressure appeared to pause, though traders were cautious about a renewed assault in the afternoon after Thursday's late decline, while energy markets weakened for a second consecutive day on mild weather and higher renewable output.

Coal use hit a record high last year after several years of Covid- dampened demand, largely driven by three Asian economies and to a lesser extent Europe, according to a report published on Friday that predicted a further record this year before demand dips and then plateaus to 2026.

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Taiwan has released a policy draft regulating the trading of domestically issued emissions reductions credits as supplementary measures to complement the island's proposed carbon levy scheme that will be developed in the coming few years.

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Weekly trading volumes in China's national carbon market continued to shrink over the past week due to slowing compliance demand, with participants saying most regulated entities have now surrendered their permits for 2021 and 2022 compliance.

Western Australia will end commercial logging in its old growth and native forests from the beginning of next year, according to a government plan released Friday.

Environmental trading platform Regen Network is lining up a vote among its community members to decide whether to start listing units generated by Colombia-based Terrasos as a first outright biodiversity credits on the platform, with others to follow.

The states of Western Australia and Queensland both made updates to their climate plans this week, showing the yawning levels of difference in ambition, at least on paper, between them.

A UK-based start-up has raised $1.6 million in pre-seed investments to scale its AI technology that it says can convert high-resolution landscape imagery to actionable insights.

A daily summary of our news plus bite-sized updates from around the world.

A major airline has agreed to purchase carbon dioxide removal (CDR) credits as the hard-to-abate sector steps up efforts to meet next zero emission targets.

The Clean Energy Regulator has revised down its annual issuance forecast of Australian Carbon Credit Units slightly, as a draft plan by the country’s electricity market operator sees coal-fired power stations retire faster than expected.

The clean cooking sector last year reached record levels of investment and revenue, according to a report by the Clean Cooking Alliance (CCA).

California Carbon Allowances (CCA) continue their ascent through the week testing the $40 level where outsized option open interest lay ahead of Friday’s option expiry, while Washington Carbon Allowances (WCA) declined through a week that saw Q4 allowance sale results surprise market participants.

Verra has initiated the development of a new Verified Carbon Standard (VCS) methodology to quantify greenhouse gas emissions from rice production systems, replacing the popular UN CDM protocol that prompted integrity concerns earlier this year.