Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 6 min ago
EVs only marginally increased market share in Europe last year, shows new data
Electric vehicle market share growth slowed down sharply in Europe last year, according to new data from the European Environment Agency (EEA), analysed by Carbon Pulse.
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VCM Report: CCP-tagged voluntary carbon credits fail to ignite market, hopes pinned on slow burn impact
The first voluntary credits tagged with the Core Carbon Principles (CCP) label nudged higher last week, after the ICVCM approved its methodologies, but expectations that the integrity-stamped units would immediately spark demand were snubbed out.
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Colombian bank to issue “first biodiversity bond” for $50 mln
A ‘biodiversity bond’ with a tailored nature-specific structure, distinct from a green bond, is planned to issue for $50 million from BBVA Colombia in collaboration with the International Finance Corporation (IFC).
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Brazil launches mangrove conservation programme
The Brazilian government has launched a programme to enhance the conservation of mangroves in the country, which boasts the second-largest area of mangrove cover in the world.
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Surge in private finance could help close nature finance gap by 2030, UNEP FI says
The amount of private money committed to nature could help the total amount raised reach sufficient levels to reverse biodiversity loss, if investment rates continue, the UN Environment Programme Finance Initiative (UNEP FI) said in a report preview on Monday.
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Italy’s renewables are rising as Russian gas imports decline -report
Italy halved the share of Russian imports in its gas mix between 2021 and 2022 and is on track to boost the share of renewables to more than two-thirds of its power output, according to research published on Monday.
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NGOs outline principles to improve JETP design ahead of G7 summit
A coalition of civil society groups have outlined a series of principles which they say will ensure a fair Just Energy Transition Partnership (JETP) design, ahead of the G7 leaders summit this week.
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Coal power hits all-time low in Poland and Greece, new data shows
Electricity generation from coal fell to record lows in Poland and Greece, according to data released on Monday, as both countries ramped up renewable power generation to meet climate goals.
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Green Deal comes out unscathed from EU election, experts say
Contrary to five years ago, the 2024 election to the European Parliament was not a "climate vote" enjoying broad popular support. Yet, the Green Deal is still seen as a central element of any majority that will emerge in Parliament after the election, experts say.
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Euro Markets: Midday Update
European carbon prices fell steadily on Monday morning as the market reacted to last week's EU Parliamentary elections, in which right-wing parties made strong gains and the greens suffered losses, casting doubt over the prospects for future EU climate legislation.
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BRIEFING: What to expect on climate policy after the European elections
The European Parliament has a politically charged agenda for the next five years as the EU prepares to adopt its 2040 climate goal, implement its controversial CO2 border tax, and deal with the social consequences of extending carbon pricing to road transport and heating fuels, among other climate policy objectives.
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Indian state-owned firm invites bids for supply of 500 kt/year carbon credit-eligible green ammonia
Under India’s National Green Hydrogen Mission, a state-owned company has invited bids from potential suppliers of over half a million tonnes of green ammonia annually that will be eligible to earn Article 6-aligned carbon credits.
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Orsted consults on net-positive biodiversity framework for renewables
An eight-step framework to help renewable companies measure action towards becoming 'net-positive for biodiversity' on land and sea is open for feedback from Orsted, the largest wind farm developer in the world.
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UK parties under pressure to strengthen climate policies in election campaigns
The UK's next government is under pressure to strengthen the country's climate policies, with hundreds of experts calling for faster emission reductions and the head of one of the country's biggest energy companies calling to tackle administrative burdens to the transition.
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Malaysian state solicits World Bank support for carbon trading
A state government in Malaysia has sought assistance from the World Bank to evaluate carbon trading principles used in the international carbon trade.
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INTERVIEW: UN biodiversity chief cautions over voluntary credits, says private sector vital but “won’t rescue us”
Global strategies to bridge the funding gap on nature should not pin too much hope on private financing, the UN biodiversity chief told Carbon Pulse, cautioning over the use of voluntary biodiversity credits across jurisdictions.
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Former Viridios head joins advisory firm as carbon markets director
A former head at fintech company Viridios in Australia has joined an engineering advisory firm as carbon markets director, they announced Monday.
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Engineering consultancy picks six startups for CDR accelerator programme
A global engineering and construction consultancy has selected six startups for its carbon removals (CDR) accelerator programme.
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ANU experts trash governments draft landfill gas ACCU method options
A group of experts have raised concerns with the reform options put forward by the government to overhaul Australia’s landfill gas method, describing them as deeply flawed and politically motivated.
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Study reveals increased human and natural disturbances in Europe’s forests
Both human-induced and natural disturbances in Europe's forests have significantly increased since the late 20th century, a study has found, revealing a complex interplay that might influence future forest management and policy decisions.
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