Carbon Pulse
![Subscribe to Carbon Pulse feed](https://www.seng.org.au/misc/feed.png)
![Carbon Pulse](https://carbon-pulse.com/wp-content/uploads/2024/01/cropped-apple-touch-icon-32x32.png)
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 26 min ago
COP28: DRC receives $40 mln to appraise natural capital for biodiversity and carbon crediting
A tech company inked a deal with the Democratic Republic of the Congo (DRC) on Monday to invest $40 million in the measurement and valuation of the country's natural assets for potential carbon and biodiversity crediting.
Categories: Around The Web
Australia Market Roundup: ACCU demand projections likely to rise, issuance flat
Demand for Australian Carbon Credit Units (ACCUs) is likely to rise as more sectors of Australia’s economy are subject to decarbonisation policies, market observers told a panel discussion at COP28 in Dubai.
Categories: Around The Web
COP28: Parties clash on Article 6 carbon removals text, as observers, negotiatiors describe ‘all or nothing’ scenario
A clash over carbon removals at COP28 is threatening to stall progress on developing the UN crediting mechanism, as some country negotiators wish to reopen talks over a key set of recommendations agreed ahead of the summit, which would could see a year of work "wasted", according to multiple sources.
Categories: Around The Web
COP28: Climate summits fast becoming trade negotiations issue, warns banker
Climate events such as the annual UN summit are moving rapidly towards becoming a place to debate issues with international trade negotiations, a banker told a panel discussion at COP28.
Categories: Around The Web
COP28: Global CCS reliance to cost $1 trillion per year -report
Heavy dependence on carbon capture and storage (CCS) would be “hugely economically damaging”, costing nations globally around $1 trillion per year compared to an approach more strongly focused on renewable energy, a new report has found.
Categories: Around The Web
COP28: South Korea should consider setting reference price for domestic ETS, govt official says
The government of South Korea should introduce more measures to improve the efficiency of the domestic emissions trading scheme (ETS), engaging more investors to participate in the market by setting a reference price, a panel heard Monday.
Categories: Around The Web
COP28: Initiative launches partnership to bring Australian savanna burning method to Africa and the world
An international initiative is seeking to replicate Australia’s successful savanna burning methodology to African nations and use the projects to generate Article 6 carbon credits, a COP28 side event heard Monday.
Categories: Around The Web
COP28: Vanuatu criticises low lock-in price under Swiss international carbon trade deal
Switzerland's international carbon trade project in Vanuatu has a lock-in price that is too low, officials from the Pacific Island nation told Carbon Pulse on the sidelines of COP28, though the host country remains optimistic about its involvement with Article 6.
Categories: Around The Web
COP28: Timor-Leste working on VCM regulation, national registry, preparing for Article 6 projects
The Southeast Asian nation of Timor-Leste is preparing regulations and a national registry to govern voluntary carbon market projects in the country in preparation to eventually host Article 6 projects within its borders, an official told a panel discussion at COP28.
Categories: Around The Web
Euro Markets: Midday Update
EUAs weakened steadily on Monday morning as they came under renewed selling pressure after Friday's rally, while gas prices fell back amid milder weather forecasts and observers predicted that carbon prices appeared likely to remain under pressure for at least another week.
Categories: Around The Web
COP28: Bhutan launches national carbon registry, becomes first country to integrate with CAD Trust
Bhutan launched its national carbon registry at COP28 on Monday, also integrating itself with the Climate Action Data (CAD) Trust, the first country to do so.
Categories: Around The Web
Australia well placed to develop hydrogen, 2024 carbon leakage review will help -report
Australia’s current carbon prices via its Safeguard Mechanism are not sufficiently high to drive down the price of hydrogen, but that may be about to change, a report said Monday.
Categories: Around The Web
COP28: Organisations unite on role of carbon credits for voluntary corporate climate action
Several international organisations including the Science Based Targets initiative (SBTi), the VCMI, and the ICVCM came together to establish an 'end-to-end' integrity framework that they say provides consistent guidance on decarbonisation including the use of carbon credits for residual emissions, as announced at COP28 on Monday.
Categories: Around The Web
COP28: Climate finance report urges countries to step up clean energy investment
New analysis published by climate finance experts on Monday called for all countries to commit to a substantial rise in investment to deliver the goals of the Paris Agreement.
Categories: Around The Web
COP28: Potential for price floors and integral role of Indigenous Peoples central to discussions on biodiversity credits
Indigenous Peoples and local communities need to be at the heart of developing an effective and equitable biodiversity market due to the key role they play as stewards of biodiversity-rich land, while the introduction of a credit price floor could help ensure an equitable approach here, said speakers from the International Advisory Panel on Biodiversity Credits at COP28 today.
Categories: Around The Web
COP28: Coal transition consortium signs “first-of-its-kind” pilot carbon crediting agreement
The Coal to Clean Credit Initiative (CCCI) signed Monday an agreement for the early phaseout of a Filipino coal plant, and is working with the COP28 presidency to garner buying interest in the resulting carbon credits issued from its draft methodology, which it says will be eligible for transaction under the Paris Agreement.
Categories: Around The Web
COP28: Roundup for Day 5 – Dec. 4
It's Day 5 of COP28, and climate finance is the catchphrase of the day – although tensions on 1.5C and the fossil fuel phaseout are bubbling. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Categories: Around The Web
COP28: Voluntary carbon standards announce historic collaboration
Six of the major independent carbon crediting standards have announced on Monday at COP28 their intent to work together on common principles for the quantification and accounting of removals and emissions reductions, as they each seek assessment under the ICVCM's Core Carbon Principles (CCPs).
Categories: Around The Web
Australia establishes nature investment advisory body
The federal Australian government has announced an advisory group to encourage business to invest in nature repair, it announced Monday, as it looks to pass its Nature Repair Market (NRM) legislation in parliament this week.
Categories: Around The Web
CP Daily: Sunday December 3, 2023 – COP28 Sunday Funday
It's Sunday night in Dubai and - you guessed it - today was another news-packed day at COP28. Without further ado, here's what Carbon Pulse's 11 reporters currently on the ground in the UAE were writing about during the summit's fourth day.
Categories: Around The Web