Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 9 min ago
Nature funding for Indigenous Peoples and local communities increases 36%
Donor funding for tenure and forest guardianship by Indigenous Peoples, Afro-descendant Peoples, and local communities increased by a third over the last eight years, though few resources directly reached on-the-ground organisations, a report has found.
Categories: Around The Web
Australia Market Roundup: Capacity Investment Scheme starts in Western Australia seeking 2 GWh of storage, ACCU issuance slumps
The Australian government is consulting on how to implement its Capacity Investment Scheme (CIS) in Western Australia, as observers react to its Future Made in Australia Act announcement.
Categories: Around The Web
Japan becomes first country to include greener concrete, seaweed beds in emissions inventory report
Japan in its latest annual emissions inventory report included carbon removals from environmentally friendly concrete products and seaweed beds, the first country to do so, the environment ministry announced Friday.
Categories: Around The Web
Vietnamese scientist eyes coconut carbon credit potential
Vietnam sees potential in generating carbon credits from its coconuts, with a local study suggesting plantations in one province could absorb anywhere from 1.9-5.8 million tonnes of CO2.
Categories: Around The Web
NZ Market: NZU price slips further as minister says Climate Change Commission advice ‘not gospel’
The NZU price fell 5% on Thursday following remarks from New Zealand’s Finance and associate Climate Minister Nicola Willis that advice from the Climate Change Commission is “not gospel”.
Categories: Around The Web
Higher LCFS credit values required to adequately support SAF production -analyst
California’s current Low Carbon Fuel Standard (LCFS) credit values do not adequately incentivise market players to realise the potential for growth within the sustainable aviation fuels (SAF) industry, an analyst told webinar participants Thursday.
Categories: Around The Web
US emissions rise 1.3% in 2022 from post pandemic activity
The US Environmental Protection Agency (EPA) released annual GHG inventory figures for 2022 on Thursday showing nationwide emissions increased year-on-year from a post pandemic rebound in economic activity offset by CO2 sequestration from the land sector.
Categories: Around The Web
Washington announces cap-and-invest rulemaking in pursuit of linkage
The Washington Department of Ecology (ECY) announced on Thursday the commencement of rulemaking in consideration of amendments to its Climate Commitment Act (CCA), to facilitate linkage of the state’s carbon market with that of California and Quebec.
Categories: Around The Web
WCI Markets: CCAs cautiously higher on rulemaking progress, WCAs up on small volume
California Carbon Allowances (CCAs) picked up following the highly anticipated release of a public workshop date on cap-and-trade programme rulemaking and an economic impact analysis of proposed changes, while Washington Carbon Allowances (WCAs) continued to slowly regain footing after prices crashed earlier this year in wake of a repeal initiative.
Categories: Around The Web
Montana locals worry about safety of proposed CO2 pipeline project
Residents of a county in Montana have raised concerns about a project that could see potentially millions of tonnes of CO2 piped in from Wyoming and stored underground.
Categories: Around The Web
Eleven carbon credit programmes vie for eligibility under UN’s CORSIA offset scheme in latest application round
Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.
Categories: Around The Web
Carbon markets to retain key role in climate action but vulnerable to geopolitics, GenZero says
Carbon market participants should back harmonised quality standards and principles to secure its role as a foundation for international partnerships even in a scenario where global climate action become fragmented, Singapore's GenZero said on Friday.
Categories: Around The Web
Global fashion giant invests in sustainable aviation fuel via international logistics firm
A luxury fashion house has made its inaugural investment in sustainable aviation fuel (SAF) through a partnership with an international shipping company.
Categories: Around The Web
US IRA sparks dash for $5 bln in climate cash, but some state plans more credible than others -analysis
The US Inflation Reduction Act (IRA) has sparked a nationwide response from almost every state, as well as Washington DC and Puerto Rico, according to a new analysis, with jurisdictions all seeking to harness the programme’s offer of $5 billion in climate grants.
Categories: Around The Web
Carbon credit prices should reflect host country investment needs, not just market rates -official
Carbon market buyers must appreciate the price of climate progress in developing countries and fund projects in line with their investment needs, not necessarily according to market rates, according to a government official speaking on an OECD webinar Thursday.
Categories: Around The Web
Global data centre firm adopts renewable fuel at US sites to reduce carbon footprint
A global provider of data hosting solutions announced Wednesday the expansion of renewable fuel use to replace diesel in power generators at several US data centres.
Categories: Around The Web
ETS emissions now down 47%, not far from EU 2030 climate goal, official says
The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc's ETS, an official said.
Categories: Around The Web
Insurance companies must stop covering climate change-inducing activities -report
Insurance companies need to implement transition plans to manage climate-related risks, or financial instability will unfold, a report published on Thursday warned.
Categories: Around The Web
UK should publish updated national biodiversity plan -report
The UK government should publish an updated National Biodiversity Strategy and Action Plans (NBSAP) setting out how it will deliver on international nature goals through disclosures, a report has found.
Categories: Around The Web
INTERVIEW: Startup seeks to boost coffee yield, climate resilience with mobile biochar reactors
Improving the climate resilience of smallholder farms while strengthening coffee supply chains is the focus of a Swiss-Colombian startup looking to apply carbon-rich biochar to the soils of coffee plantations, with the sequestration monetised through the sale of removals.
Categories: Around The Web