Carbon Pulse

Corporations are still paying a premium for higher rated nature-based carbon credits, according to research by a rating agency ahead of the emergence of the first credits earning the ICVCM’s Core Carbon Principle (CCP) stamp of high integrity.

Carbon capture and storage has been passed by for better technologies to decarbonise the steel sector, according to analysis released this week.

A major scale-up in investment and policy support is required for Northwest Europe to meet its hydrogen targets, the International Energy Agency (IEA) said in a report published on Wednesday. 

South Korea has cancelled this month's carbon allowance auction, as demand in the national carbon market remains weak amid a persisting glut of allowances.

Australian biodiversity credit developer Wilderlands has just passed 100,000 units sold, each of which protects one square metre of land, but wants to increase that ten-fold within the next year.

A recent entrant to the carbon insurance market is looking to meet demand from potentially “very big investments” in projects that would meaningfully move the market, but may need to corral capital from fellow insurers to support it.

Temasek subsidiary GenZero and project developer South Pole on Wednesday launched the Asia Centre of Carbon Excellence (ACCE) to focus on what they called “novel” carbon solutions to improve Singapore’s carbon trading, policy, and project development, as well as the energy transition.

One of Japan's biggest oil refiners has made its first foray into the forest carbon market, as it continues to seek opportunities in the carbon removal sector as part of its climate strategy, it announced Wednesday.

The Malaysian state of Sabah will soon trade the first tranche of verified carbon units (VCUs) for its forestry project registered under Verra as it has met international standards.

Uncertainty looms over coastal and marine habitat conservation, as the emerging biodiversity credit markets are not yet consistent enough to drive adequate investments in ecosystem protection efforts, a NatureMetrics executive said Tuesday.

Monthly data from Indonesia’s carbon exchange saw March traded volumes rise slightly higher, but the market still remains largely dormant.

Many non-EU countries lack resources to produce the biodiversity indicators required under the Kunming-Montreal Global Biodiversity Framework (GBF), a survey by the UN Environment Programme (UNEP) has shown.

One of the largest industrial ports in South Korea has teamed up with a California-based environmental organisation to drive down emissions in the international shipping sector.

Singapore and Australia plan a A$20 million ($12.85 mln) spend via the the Australia-Singapore Initiative on Low Emissions Technologies (ASLET) for maritime and port operations, the two said Wednesday.

Analysts have once again cut their outlook for EU carbon prices, slashing their near-term forecasts by 10-15% on a mix of weak demand and ample supply.

Annual demand for high quality carbon credits under the Science-based Target initiative’s (SBTi) proposed new Scope 3 emissions offsetting rules could reach 5.9 billion tonnes, according to analysts, despite the significant uncertainty caused by the backlash in the wake of the announced changes.

Finance ministries’ roles in developing a robust policy framework to provide necessary incentives for the private sector to support net zero transitions, coupled with low cost lending, will play a crucial role in assisting emerging nations’ climate goals, experts emphasised at a panel discussion Tuesday.

Prime Minister Justin Trudeau’s 2024 budget, released Tuesday, sees an overdue reimbursement of C$2.5 billion ($1.8 bln) in carbon tax rebates to small businesses, delivery of prior announced investment tax credits by the end of 2024, and commits to exploring additional carbon contracts for difference (CCfDs).

Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.

Verra released Tuesday what it called "minor" updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.