Carbon Pulse

Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.

Advancing enhanced rock weathering (ERW) as a CO2 removal solution will require addressing MRV challenges and higher policy support, especially in Europe, members of a recently formed industry alliance said Tuesday.

G20 countries must lead the way in "dramatically" accelerating the fossil fuels phase-out, providing certainty and predictability to markets, and boosting climate action support for poorer countries, the UN secretary general said in a speech on Tuesday.

Despite a historically large number of retirements in the voluntary carbon market in Q1 2024, oversupply continues to balloon amid issuances rising at a faster clip, keeping credit prices at bay, analysts said Tuesday.

The African Natural Capital Alliance (ANCA) is spearheading efforts to establish a comprehensive nature data platform for the continent, in a bid to drive investment into nature-based solutions, an executive has said.

The future of a troubled REDD avoided deforestation project in Zimbabwe has been left in limbo six months after it was suspended from the Verra registry.

New fiscal rules approved on Tuesday by the European Parliament will make it even harder for EU member states to invest in green projects, thus slowing down the energy transition and efforts to reduce emissions, according to Greens party lawmakers and environmental groups.

The Biodiversity Consultancy (TBC) has developed a globally applicable tool to assess the potential impact of investments on biodiversity, seeking to catalyse flows of resources towards nature-positive outcomes.

An international standard-setting body on disclosures announced Tuesday it will include biodiversity research in its priorities for the next two years, paving the way for potential new requirements on nature for investors.

The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.

Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.

A partnership with an agricultural technology firm is set to enable a bioethanol producer with field-level assessment of carbon intensity (CI) of biofuels feedstock and the ability to leverage federal tax credits.

The government of Northern Ireland has launched consultations on two initiatives aimed at enhancing ocean conservation, as it seeks to strengthen biodiversity monitoring and hasten the restoration of marine and "blue carbon" habitats.

An urban innovation hub in Toronto is buying carbon removal credits for an average C$715 ($522) each from five Canadian startups, it said Tuesday.

The Finance for Biodiversity Foundation (FfB) has released a set of recommendations for policymakers to align financial flows with the Kunming-Montreal Global Biodiversity Framework (GBF).

European carbon prices were little changed at midday on Tuesday after earlier rising by as much as 1.4% amid wider gains in energy markets, as traders appeared to be taking a cautious approach ahead of Wednesday's Commitment of Traders data.

The UN’s special rapporteur on the rights of Indigenous People has called for a moratorium on voluntary carbon markets to stop human rights violations.

Some 160 financial institutions, with $15.5 trillion in collective assets under management, have called for an ambitious international treaty to end plastic pollution, in a statement led by the UN Environment Programme Finance Initiative (UNEP FI).

Asia is warming faster than the global average, with warming trends in the region nearly doubling since the 1961–1990 period and the impact of heatwaves becoming more severe, said the World Meteorological Organization (WMO)’s report on Tuesday.

A credit management platform developed by banks has partnered with a UK project developer to deliver carbon credits that support home retrofit at scale, in a drive to decarbonise the UK's carbon-intensive housing stock.