Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 53 min 9 sec ago
Brazilian bank allocates R$98 mln from Amazon Fund to combat deforestation
A Brazilian state will receive funding from the country’s development bank that manages the Amazon Fund to address illegal deforestation and forest degradation, according to a press release.
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Texas and California firms partner to develop SAF using waste CO2
A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.
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Bezos Earth Fund to award $100 mln for AI-based climate solutions
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
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Emissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain
A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.
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Carbon project developer, non-profit create tokenised ‘co-benefit unit’ to be attached to ACCU issuance
Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified 'co-benefit units’ tokenised on blockchain, according to its developers.
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Thermal power in Russia to keep on dominating energy mix in next decade
Thermal power will continue to dominate Russia’s annual generation mix from 2024-35, according to a data and analytics company.
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EU nations call for sustainable carbon policy package for chemicals
Some EU member states are calling upon the European Commission to put forward a policy package on sustainable carbon for the chemical industry, according to a joint statement they delivered to the commissioner in charge of climate action, Wopke Hoekstra, in Brussels on Tuesday.
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Global commodities firm deploys real time emissions reporting tech on LNG carrier
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm's technology for real time measurement and reporting of GHG emissions, the companies said Monday.
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CCUS investments may dampen profitability, if cheaper clean alternatives are available -report
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody's.
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Better VCM data can help companies reach climate goals, experts say
An increasing availability of better-quality data in the carbon market is already helping companies get closer to neutrality, experts at IETA’s annual European Climate Summit in Florence said on Tuesday.
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Clearer definitions given for carbon farming under EU carbon removal framework
Clearer definitions for the scope, quantification, and baselines of carbon farming activities to be included under the EU’s Carbon Removal Certification Framework (CRCF) were presented by the European Commission on Tuesday.
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FEATURE: Exchanges, futures traders, regulators divided over how to make voluntary carbon prices transparent
The prospect of public pricing in the voluntary carbon market (VCM), potentially spurred by looming disclosure requirements, is provoking a range of reactions from market participants hinging on appetite for regulation, favourability toward transparency, and financial stake, experts have told Carbon Pulse.
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Demand in biodiversity credit market set to rise, amid huge price range -research
An analysis of recent transactions under five voluntary biodiversity credit frameworks has found that prices vary massively, ranging from $7 to $41,000 per unit for a 100-year conservation period, with average rates expected to surge in the coming years.
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Biodiversity credit market must recognise many projects will not work -researcher
Buyers of biodiversity credits should purchase multiple units at once to overcome the issue of some single initiatives not offering actual nature uplift, a researcher has said.
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EU, Greece to allocate €4.3 bln for protecting the ocean
The EU and Greece will invest a combined €4.3 billion in protecting the ocean and marine biodiversity, and promoting sustainability, they announced at the 9th Our Ocean Conference in Athens.
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Euro Markets: Midday Update
European carbon allowance prices erased Monday's losses and resumed their upward march amid a continuation of short covering, as natural gas and power prices jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.
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Carbon reporting standard for financial sector launches chapter in Brazil
An industry-led carbon accounting programme for financial institutions has teamed up with two of Brazil’s largest banks to promote measurement and disclosure of emissions from the Brazilian financial sector, according to an announcement Tuesday.
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China thermal power growth slows in March, renewable energy generation expands
Growth in China’s thermal power generation slowed in March with a sustained high level of coal output, while the pace in wind and hydropower generation accelerated, government data showed Tuesday.
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Australia to introduce bill to establish EPA, but defers crucial environmental law reforms
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
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International emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
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