Carbon Pulse

More than half of all climate finance from the EU and its member states in 2022 came through non-grant instruments, most of which were loans, although the overall amount of climate finance increased, according to research published on Thursday.

Europe could lose first-mover advantage in the game-changing production of perovskite solar panels, that is set to transform the renewable energy market, because of the allure of incentives in the US Inflation Reduction Act, a leading UK-based manufacturer told Carbon Pulse this week.

Competitive advantages arising from being early movers in biodiversity finance are among the main drivers for businesses considering investments in nature, accounting firm KPMG has said.

Momentum is building in specific markets for direct air capture investment, according to attendees at a carbon dioxide removal (CDR) event held in Zurich this week.

An Argentine conservation organisation has partnered with a French-headquartered environmental company to generate biodiversity and water credits within an area of 1.2 million hectares in the Andes.

European carbon prices were little changed by midday on Thursday despite trading in a nearly €2 range during the morning, as energy markets appeared to adopt a fairly cautious tone.

Trade flows of affected products under the EU’s Carbon Border Adjustment Mechanism (CBAM) could be redirected to markets outside the EU to avoid compliance with the scheme, leading to uneven competitive landscapes and a need for international coordination on carbon pricing, said a commodities price reporting agency.

A government-appointed working group this week began grappling with legal issues flagged by economy ministry officials as potentially challenging, as Japan begins designing its mandatory emissions trading scheme slated to launch in 2026.

Investor Mirova and non-profit Rainforest Alliance have announced a partnership to scale up nature-based solutions focused on regenerative agriculture around the world.

Ocean-based CO2 removal techniques, which are attracting greater interest due to the constraints on land-based methods, may have significant knowledge gaps that could in turn affect the credibility of carbon offset schemes, according to a paper published this week.

Investments in clean energy are surging globally to reach almost double the amount going to fossil fuels in 2024, according to the International Energy Agency’s (IEA's) latest annual investment report, with solar PV surpassing all other energy sources combined.

Leading politicians have stepped forward to ask for the inclusion of carbon removals in the EU’s Emissions Trading Scheme (EU ETS), with Poland’s climate minister and the chief ETS lawmaker in the European Parliament joining calls to address a looming liquidity crunch to avoid “market manipulation”.

A France-headquartered nature-based project developer is piloting biodiversity credits in a large area in the Peruvian Amazon rainforest to boost funding towards conservation efforts, as it expects the first transactions to happen by the end of the year.

The high-integrity Core Carbon Principles (CCPs) label may now be used for an estimated 27 million credits, the Integrity Council for the Voluntary Carbon Market (ICVCM) announced Thursday, although with a warning the science behind some of the quantification needs to improve.

A voluntary carbon credit services firm has added a substantial number of soil carbon removal credits to the US marketplace, issued under a regenerative agriculture programme run by a major pharmaceutical.

A Sydney-based fund manager has been ordered wound up by the Australian Tax Office (ATO) over unpaid debts after recently going into administration, leaving a litany of bad carbon project development deals in its wake.

The world’s first insurance solution was launched Thursday to protect against the risk of an ITMO credit losing its Article 6 authorization due to the corresponding adjustment (CA) not being made by the host country.

National Australia Bank (NAB) will provide A$80 billion ($53 bln) in climate-related finance by 2030 and has set interim decarbonisation targets for certain lending sectors. according to its climate disclosures report published Thursday.

The Brazilian Federal Police (PF) launched an operation Wednesday that aims to dismantle an unidentified criminal group suspected of selling around R$180 million ($34 mln) in carbon credits from illegally authorised lands, according to a government press release.

The US government has launched a nationwide roadmap for improving marine ecosystems data that suggests industry actors put a price on ocean biodiversity, spurred in-part by emerging nature markets.