Carbon Pulse

French waste company Veolia has signed a large waste management contract with the Hong Kong government that will also see it capture 10 million tonnes of CO2 over two decades.

South Korea’s latest monthly CO2 auction for the current ETS compliance cycle again sold only a limited share of the permits on offer, as the market continues to struggle with lukewarm demand despite recent updates on carryover rules.

A Europe-wide biodiversity research initiative has called for more integration of scenario planning of ecosystem threats to support transparency and assist with financial cost decisions.

A soil carbon project developer is bullish on its ability to generate Australian Carbon Credit Units (ACCUs), with the ambition of generating some 10 million units across 1 million hectares of land by the end of the decade. 

Canada’s federal government and Nova Scotia have announced a C$28.5 million ($21 mln) programme that will run over three years to conserve and protect biodiversity, habitat, and species at risk across the province.

A London-headquartered global investment firm this week launched a biodiversity strategy, eyeing four themes in particular that offer investment opportunities while addressing nature loss.

A daily summary of our news plus bite-sized updates from around the world.

Washington Clean Fuels Program (WCFP) prices have lost a third of their value in just over a week after recent data showed the inaugural quarter of the low-carbon fuel standard produced a credit surplus.

A US-based multi-asset investment data and portfolio analysis product provider on Tuesday announced the acquisition of a carbon intelligence analysis and advisory firm.

A California-based oil and natural gas producer revealed on Tuesday its plans for a large-scale carbon capture and storage (CCS) project based in the state’s major oil-producing region.

California Governor Gavin Newsom (D) this weekend declined to sign a Senate bill that would have tightened regulations for voluntary carbon offset marketers by subjecting them to the state's advertising law.

Negotiators for the European Commission, the European Parliament, and the Council of EU member states met on Tuesday to discuss methane emissions reduction in the energy sector, aiming to narrow divisions over the extent the EU should regulate gas imports.

Around 3.5 million carbon credits have been bid and offered on the Climate Impact X (CIX) trading window for its Nature X nature-based solutions index since its June launch, the company announced Tuesday, highlighting the growing competition for benchmarking voluntary carbon market products.

Allowance volumes offered at RGGI’s Q4 auction will increase to the highest point since the first quarter of this year, the power sector cap-and-trade scheme’s notice showed Tuesday, with Virginia primed to participate in its last ever sale.

The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise,  bank analysts said in a report published on Tuesday that outlined how the sector's entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.

The two largest voluntary carbon credit buying sectors over the past three years have seen significant declines in retirements in 2023, registry data collated by an analytics firm shows, at the same time as integrity initiatives look to shore up confidence in the market.

European carbon advanced strongly on Tuesday morning, reaching a ten-day high as the market began to catch up with a 22% leap in front-month natural gas prices since Friday, which traders said has triggered some degree of EUA short-covering among speculative investors.

World gas demand is set to grow in developing nations across Asia and the gas-rich parts of Africa even as legacy buyers ramp down their imports to focus on power supply from renewables and nuclear, according to the International Energy Agency (IEA).

A US-based startup company has raised $3.2 million to help build an exchange to host trade in multiple tokenised carbon credits intended to boost market liquidity.

The Executive Board of the United Nations Clean Development Mechanism (CDM) has approved a hydrogen baseline and monitoring carbon crediting methodology proposed by a Chinese hydrogen company and the country’s biggest state-owned wind power producer and main carbon exchange.