Carbon Pulse

The government of Thailand is planning to impose a carbon tax on the nation by 2025, the country’s Excise Department has told local media. 

Australia could be a key intermediary in decarbonising the Asia Pacific’s iron and steelmaking processes, according to a BloombergNEF report released Wednesday, saying it would be more economically feasible compared to other methods being explored by itself and its trade partners.

Canada has announced it will extend to 2026 its Conservation Exchange Pilot programme, which allows companies to earn government-issued certificates for verified achievements in conservation projects they fund.

California Carbon Allowance (CCA) prices in the secondary market stumbled for the fourth consecutive day on Tuesday while recording large daily ICE volumes, with heightened options activity exacerbating the technical sell-off, market participants said.

Philippines-headquartered credit standard PCX Solutions has released an updated version of its plastic credit programme, formally mandating third-party verification and ruling out landfill activities of eligible projects.

Traders anticipate Washington’s upcoming second quarter current vintage auction to clear near the scheme's floor and well below front-month futures prices, expecting the sale to sell all permits despite the looming possibility of the carbon market’s repeal.

Investment and advisory firm Pollination has launched a venture capital fund it says will drive new investment into Australian climate and nature technology and solutions.

Market participants expect the second RGGI auction of the year to set another historic clearance price, albeit at a discount to secondary market valuations, with many traders projecting a wide range of outcomes in light of regulatory uncertainty in the market.

Nearly 20% of Japan's market capitalisation is highly dependent on nature, with the energy, food, beverage, and tobacco sectors facing the highest risks, a study has found.

More robust policy to support carbon removals (CDR) and integration into compliance markets will be needed to boost demand to the levels needed to meet the Paris Agreement goal, say University of Oxford scientists.

A European energy company has bought 5 million nature-based credits from a climate finance company in a bid to lock in fixed prices across the 2030s, according to a release Tuesday.

Latin American governments are looking inward, developing domestic carbon pricing instruments in 2024, in hopes of kickstarting market development where international actors have failed, according to regional experts speaking Tuesday at the Argentina Carbon Forum in Buenos Aires.

A direct air capture (DAC) company has unveiled a new iteration of its technology as it aims to scale carbon removal capacity globally and slash costs, also announcing that Australia represented its 'next frontier' as it signalled investment interest in the country.

The perception of risk remains a significant roadblock to scaling private climate finance - especially in developing countries - but stronger policies and international standards for carbon pricing would help to unlock bigger and faster flows, a conference heard.

A record number of companies are expected to release their data on a new climate disclosure platform, which has been designed to simplify corporate sustainability reporting and aid firms in aligning with emerging global standards.

The Science Based Targets Network (SBTN) highlighted challenges in its development of nature-based targets for cities including skills, data, and geographical differences on Tuesday.

Poland’s state-owned power company has urged the country’s government to move forward with mooted plans to transfer coal assets to a state-backed entity, saying ageing and highly emitting coal plants were causing losses for the utility.

The Scottish government has backed a project to produce a certification standard for community participation in nature projects, with a wide net of collaborators spanning the private and public sectors.

Some 500 tractors descended in Brussels on Tuesday to protest against green regulations and EU bureaucracy ahead of the European elections on June 6-9, but with fewer participants than expected and amid accusations of politicisation by the far-right.

A scientist featured as part of media reporting on scandals in the voluntary carbon market has warned against letting the pervasive negative criticism impact rainforest conservation, outlining a 'medium term' role for REDD+ credits.