Carbon Pulse

Solar power is expected to generate a fifth of global electricity across midday peaks on Friday's summer solstice and 8% across the month of June, making it the fastest-growing source of power in the world, according to new research.

A digital marketplace for physical commodities is launching voluntary carbon credit trading, it said this week.

California Carbon Allowance (CCA) prices moved lower as market participants looked for direction from California regulator ARB, while Washington Carbon Allowance (WCA) prices picked up on steady offers.

Protecting the ozone layer has been a global priority for decades, but as the voluntary carbon market (VCM) continues to credit the destruction of ozone-depleting substances (ODS), and countries move to fill gaps in multilateral governance, the competing or complementary roles for public- and private-sector engagement on the matter are in flux.

Four countries let gas flaring increase last year, pushing global volumes to the highest level since 2019 and adding an extra 23 million tonnes of CO2 equivalent to the atmosphere.

There were few signs of a global energy transition taking place in the Energy Institute’s 2024 Statistical Review of World Energy, which was released on Thursday, as data revealed that global primary energy consumption hit new heights in 2023.

The EU's carbon market is set for a fundamental deficit of as many as 300 million allowances in 2027, according to analysts speaking on a webinar Thursday, as industrials become more exposed to compliance buying and auction supply tightens after frontloaded REPowerEU sales end.

A voluntary carbon trading platform will auction 1.5 million Internationally Transferred Mitigation Outcomes (ITMOs) at a minimum of $10 per tonne generated by clean cooking projects in Malawi, it announced Thursday.

Germany and Italy are on course to miss their climate goals in sectors excluded from the EU ETS, by such a large gap that they would eat up the entire available surplus of annual emissions allocations (AEAs) left for other countries, according to a report released on Thursday.

A certifier has validated a new methodology for net CO2 removals (CDR) using bioenergy with carbon capture and storage (BECCS), in what may provide a boost to the development of the nascent market.

The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Sustainability Reporting Standards (ESRS) released Thursday joint guidelines to support companies in their nature-related disclosures, highlighting the alignment between the two frameworks.

European carbon prices resumed their close formation with natural gas prices on Thursday morning, with EU ETS levels tracking the ebb and flow of the TTF market as it reacted to news that Russian LNG transshipments through Europe will be banned, potentially adding to regional supply, while UK Allowances prices were "absolutely smashed" amid a surge of aggressive selling.

The Organisation for Biodiversity Certificates (OBC) has launched a survey to gather views on the claims that companies can make when buying biodiversity credits, as the organisation expects more clarity will have a significant impact on corporate demand.

Swiss bank UBS has invested in impact data and analytics provider GIST Impact to back its expansion, with a focus on bolstering support for nature-related corporate disclosures among companies and investors.

The private sector-led Integrity Council for the Voluntary Carbon Market (ICVCM) has named its first CEO.

Europe’s carbon market sends a stronger decarbonisation signal than Washington's subsidy-laden Inflation Reduction Act (IRA), an analyst told US television network CNBC Thursday, outlining an EUA price forecast of as high as €130 per tonne by 2028.

Using green hydrogen instead of natural gas to decarbonise Australia's established ammonia production sector provides a doorway to unlock the country's hydrogen ambitions, and tax credits offered by the government in its latest budget could be the key, analysis published Thursday said.

A California-headquartered agri-tech firm seeks to reduce methane emissions from rice farming in India and is preparing its first batch of projects on the east coast of the South Asian nation, the company's co-founders told Carbon Pulse.

An Australian carbon project developer has had its cookstove project in Papua New Guinea registered by Verra, but will receive roughly half the volume of credits it initially expected due to using an updated methodology, a fact the company's CEO said he welcomed. 

Oil and gas major Santos is “confident” it has enough Australian Carbon Credit Units (ACCUs) for its Barossa LNG project to meet its compliance obligations under the Safeguard Mechanism.