Carbon Pulse

A major offset registry is partnering with a specialist carbon insurance company to develop “next generation buffer management”, the two firms announced on Thursday.

EU carbon permit prices forged higher on Thursday to set yet another four-month high, as natural gas markets extended their recent gains and breached a key technical level, while UK Allowances strengthened for a seventh day to reach their highest since the first week of the year.

Voluntary carbon standard Verra plans to issue new credits aligned with Article 6 of the Paris Agreement by the end of the year, a company executive told Carbon Pulse.

Puro.earth has certified its first direct air capture (DAC) carbon removals, according to a release Thursday.

The EU's carbon removal framework could lead climate finance to be shifted away from least-developed countries, a conference heard.

The next European Commission that will be appointed after the June EU election is unlikely to radically change course on climate policy, but rather shift its focus to industrial policy and investment to achieve the bloc’s climate goals, a top EU official has said.

The International Tribunal for the Law of the Sea (ITLOS) has declared that signatory states of the UN Convention on the Law of the Sea (UNCLOS) have an obligation to protect the ocean from the impacts of climate change, with small island countries hailing the decision as a victory.

India’s securities and commodities market regulator has proposed changes to the country’s Business Responsibility and Sustainability Reporting (BRSR) framework, opening for companies to earn “leadership” status by listing green credits they or their value chain partners have generated through tree-planting and other environmentally beneficial activities.

Australia’s states can work with the federal government to scale up the nation’s carbon market, a conference heard this week, although an industry roadmap would help guide its development.

The Shanghai municipal government is set to auction off 1 million CO2 allowances for its municipal emissions trading scheme at the end of May, with the price floor set near current market levels.

Research from a carbon removal marketplace has raised concern that a large share of the expected future supply from the sector may be of a low quality, brought on by a rush to develop projects due to a recent surge in demand for credits.

Swaps and options transactions in the Australian carbon market are becoming more common place thanks to the variety of reasons entities were venturing into the market, traders told a conference this week, but scale will also be needed to meet the coming demand from the Safeguard Mechanism. 

The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) risks creating a counter-productive impact on EU electricity decarbonisation, a key policy official at Europe’s energy traders association told a conference on Wednesday.

A Chinese forestry and paper company has teamed up with a local partner in Gabon to explore carbon project opportunities in a rare instance of a China-based firm looking outside its own borders for emissions reduction ventures.

The New South Wales state government has struck a deal with Origin Energy to push the closure date of the Eraring coal-fired power station back by two years due to grid reliability and security concerns.

California regulator ARB issued compliance-grade offsets tagged with direct environmental benefits (DEBs) to the state after a two-period hiatus, but the overall distribution fell from the highs reached two weeks earlier.

Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.

Four of the world's largest technology companies have joined forced under a new coalition to contract up to 20 million tonnes of nature-based voluntary carbon credits, they announced Wednesday.

Microsoft has signed an agreement to buy 36,000 tonnes of biochar from a Canadian producer, the firms announced on Wednesday, while the tech giant also increased by 1 million tonnes the purchase volume of an existing deal for Danish bioenergy removals.

EUAs need to be trading at least €150 per tonne to start incentivising ship owners to switch to biofuels in a subsidised environment, while the price would need to be markedly higher than that to ensure a shift to more expensive green fuels like ammonia or methanol, a freight manager told a conference Wednesday.