Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 6 min 36 sec ago
Indirect emissions linked to EU power distribution can be fixed -report
Most of the greenhouse gas emissions from distribution system operators (DSOs) across Europe come from indirect and preventable sources, according to a study published Tuesday.
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Row erupts after Verra posts anonymous allegations of human rights abuses during consultation on REDD carbon projects
Verra has allowed anonymous allegations of human right abuses at two REDD carbon projects in Cambodia to be posted during a public consultation, sparking a furious response and rebuttal from the developer, who says the claims are groundless.
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FEATURE: New forest biomass satellite may improve accuracy of global carbon budget and markets
A satellite set to launch early next year will measure forest biomass more accurately than before, with the ability to precisely understand the carbon emissions arising from land-use change globally – feeding into a more accurate global carbon budget.
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UAE considers carbon tax, cap-and-trade emissions scheme -Bloomberg
The United Arab Emirates (UAE) are considering implementing a compliance carbon scheme similar to the EU ETS, as well as an emissions levy, according to sources familiar with the matter, as reported by Bloomberg.
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No business case for SAF at current CORSIA prices, says airline group sustainability chief
There is no business case for voluntarily investing in sustainable aviation fuel (SAF) given current prices for CORSIA-eligible credits, the head of sustainability at a major European airline group told an industry conference on Monday.
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UK launches new taskforce to deliver aviation decarbonisation
The UK government has launched a new taskforce to deliver aviation sector decarbonisation, including a focus on carbon removals.
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Kenyan power firm to help build country’s carbon market framework
The Kenyan government has appointed Kenya Electricity Generating Company (KenGen) to the taskforce responsible for building the country’s carbon market framework.
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Limited risk of loan losses from new CO2 taxes, warns Danish central bank
Denmark's incoming carbon tax for agriculture, combined with other risks from low-carbon transition, will result in higher impairment charges for some lenders, but most will see only limited impact, according to the country's central bank.
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Global firms ramp up sustainability reporting ahead of CSRD deadline -report
Nearly all of the world’s largest companies have adopted sustainability reporting, with 96% of the largest 250 companies (G250) now publishing ESG data as they prepare for tighter regulations like the EU’s Corporate Sustainability Reporting Directive (CSRD), according to a new report.
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Euro Markets: Midday Update
European carbon prices fell back on Tuesday morning amid bouts of sustained selling that temporarily interrupted carbon's correlation to natural gas, with persistent weak fundamentals continuing to undermine the market.
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ArcelorMittal freezes green steel projects in Europe, waits for EU policy guidance
Europe’s largest steelmaker, ArcelorMittal, announced on Tuesday it had frozen final investment decisions over its ongoing decarbonisation projects on the continent until the company has “full visibility” on the EU policy environment.
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UK will not use Article 6 towards next UN climate plan, says negotiator
The UK will not use Article 6 towards meeting the country's next UN climate plan under the Paris Agreement, its negotiator on international carbon markets said Tuesday.
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INC-5: Plastic negotiators in Busan overcome first hurdle as tension builds
Talks on the first-ever UN treaty aimed at tackling plastic pollution have begun in South Korea, with an overwhelming majority of delegates at the opening plenary session defying a group of countries allegedly trying to derail negotiations.
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FEATURE: Airlines more concerned by compliance carbon than CORSIA credit supply
Airlines are more worried about the proliferation and expansion of compliance carbon requirements across different regulatory bodies than over the current tight supply of CORSIA-eligible credits, senior industry figures told Carbon Pulse.
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Japanese policymakers propose 60% emissions cut for 2035 NDC
Japanese policymakers have proposed setting a 2035 target of cutting greenhouse gas emissions by 60% compared to 2013, as the government is considering a linear path for the country to reach net zero by mid-century.
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US EV sales double in 2023, vehicle emissions reach record low -report
US automakers showed progress lowering pollution from vehicles and nearly doubled electric vehicle (EV) sales to around 10% in 2023, according to a federal report published Monday.
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US low carbon fuel voluntary certificates to cover biomass-based diesel
A voluntary US programme issuing tradeable certificates for ethanol producers that launched last year is expanding eligibility to include biodiesel and renewable diesel (RD) fuels, according to an announcement Monday.
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RGGI Market: Virginia circuit court decision fuels RGAs’ brief flight to $27
RGGI Allowances (RGA) skimmed $27 last week after a Virginia circuit court judge ruled the state’s exit from the Northeast carbon market to be unlawful, but readjusted lower in subsequent sessions as traders reset expectations for any immediate impact to the programme.
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Unlocking billions of dollars in carbon credit demand hinges on smoothing buyer “friction points”, report warns
The voluntary carbon market will remain underdeveloped, achieving a tiny fraction of the annual CO2 removals needed and falling short billions of dollars in investment potential until buyer “friction points” are addressed, a new report has warned.
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Transparency on climate action costs by developing countries key to unlocking private finance -report
Just one-third of developing countries have disclosed the costs of key climate mitigation and adaptation measures, potentially limiting access to public and private finance, according to a new report released on Tuesday.
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