Carbon Pulse

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.

A Vietnamese forestry and biodiversity company has partnered with a German carbon offset developer for implementing a project that will see trees planted across 1 million hectares of land in Vietnam.

European carbon allowances traded in their narrowest range in nearly five months on Tuesday morning as the market tracked developments in gas, where prices weakened on news that an outage in the North Sea may be resolved quicker than had been expected.

The Paris Olympics is purchasing credits from a variety of carbon projects in the local region and abroad to offset its residual emissions, while striving to halve emissions compared to previous Games to reach a total of around 1.5 million tonnes of CO2 emissions.

“Good projects” have been caught up in the controversy about the voluntary carbon market exposed by the Guardian, acknowledged one of the journalists who wrote the stories, adding that editors at the UK-based newspaper were committed to write about “good examples” when they emerge.

A Dutch investment manager has launched a fund seeking to finance innovative solutions to tackle the biodiversity crisis, with seed capital of €12 million, Carbon Pulse has learned.

Government-led mandatory schemes and voluntary market-based instruments must be combined to effectively protect biodiversity, a study published Tuesday said, calling on countries to harness the private sector's growing interest in engaging on nature positive.

UK financial institutions nearly tripled their investment in clean energy project between 2022 and 2023 to $2.3 billion, although gaps in commitments and transparency persist, according to a report published this week.

Voluntary carbon markets require a paradigm shift that moves beyond treating a tonne of carbon as an ultimate end and must embrace finance for adopting a transitional approach, the ex-CEO of Verra said in a report published Tuesday.

Malawi's finance ministry has said that the country is ready to ramp up investment in carbon markets days after finalising key legislation, according to local media reports.

Analysis released this week has found Australian Indigenous peoples hold legal right or consent to develop carbon projects along 66% of Australia’s coastline, but are unable to do so due to a lack of applicable methods.

New Zealand carbon allowances climbed 10% in Tuesday trade amid continued speculator demand and as the market digests what little there was for it in last week's budget.

The Australian government is looking at its Guarantee of Origin scheme (GO) as a potential demand-side driver of green metals development in the country alongside a raft of other measures, according to a consultation paper released Tuesday.

Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.

UBS Asset Management has launched an exchange-traded commodity (ETC) that gives investors exposure to the EU carbon market.

Asuncion has reassured voluntary market (VCM) stakeholders with its low risk profile, favourability to carbon markets, and facilitating frameworks, enticing project proponents despite the country’s small size, an international developer told Carbon Pulse in Buenos Aires on Monday.

Dynamic allowance supply from price containment mechanisms could provide flexibility and reduce uncertainties through varying technological outcomes in California, while facility-specific caps could ensure emissions reductions in disadvantaged communities with minimal impact on the market, according to a think tank report.

Analysts lowered their California Carbon Allowance (CCA) price estimates in light of workshop letdowns, but nevertheless foresaw an uptick in values following clarity regarding programme adjustments, and also projected a low auction clear in Washington's carbon market.

RGGI allowances (RGAs) reached an all-time high last Wednesday before tailing off at the end of the week, as market participants largely look to the upcoming second auction of the year despite expressing varying degrees of confidence in recent historic prices.