Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 14 min ago
Euro Markets: Midday Update
European carbon prices set yet another five-month low in early trading on Tuesday but failed to follow up with a breach of the mid-year low, as traders began to speculate over the market's potential to stage its traditional rally in November and energy prices weakened.
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Forest Investment Associates prepare nature positive strategy of up to $40 mln
A forestry strategy with a nature positive objective in Latin America of $10-40 million is being prepared by asset manager Forest Investment Associates (FIA), Carbon Pulse has learned.
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Space tools launched to assess South Africa’s biodiversity hotspot
A NASA-backed project aims to map the biodiversity of South Africa using devices that are usually found on the space station to study planets and stars, according to participating scientists.
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New partnership reduces CO2 network liabilities with end-to-end modelling capabilities
Operators of CCS networks set to come online around the world in the next few years may be able to reduce CO2 storage liabilities for emitters, thanks to a new partnership between two tech firms that enables network operators to model their entire CO2 network from the point of carbon capture to final injection point.
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High proportion of expensive loans and few grants hindering Vietnam’s JETP -reports
Vietnam’s Just Energy Transition Partnership (JETP) is being hampered by a lack of grants and a surfeit of loans with onerous interest rates, according to Reuters.
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Australian company discovers hydrogen at nation’s first dedicated well
The hopes for naturally occurring hydrogen received a shot in the arm Tuesday morning as a discovery in a distant part of Australia made by a company worth just over A$35 million ($22 mln) was reported to the nation’s stock exchange.
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NZ Market: NZU price in holding pattern ahead of election special votes result
NZUs have traded mostly sideways since the national election earlier this month, as the market awaits the release of the critical “special votes” result which will dictate the final makeup of the government.
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Climate think tank lashes Australian science body’s emissions calculations for new gas project
A climate-focussed think tank has lashed out at a collaborative report by Australia’s top science body, suggesting the emissions calculations it has made for a frontier gas project and possible LNG plant are inaccurate.
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Global compliance market value to grow 5% in 2023 despite drop in traded volumes –report
Compliance carbon markets are expected to grow by around 5% in 2023, despite a predicted decline in total trading volumes as a consequence of the war in Ukraine, according to a new report.
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CP Daily: Monday October 30, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Government regulation is most important driver of energy transition for businesses, report finds
Most businesses around the world say government regulation is the most important driver when it comes to accelerating their own transition to cleaner energy, outweighing the impact of pressure from consumers and investors, according to a report released Tuesday.
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Market steps into the unknown to supply adjusted CORSIA-eligible units
Demand for credits eligible for the first full phase of the CORSIA is building ahead of the aviation offset scheme's transition next year, but market participants are questioning whether supply of the required correspondingly-adjusted credits will be available, a conference heard on Monday.
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Researchers propose new pricing approach to restore faith in voluntary carbon markets
Researchers have unveiled a new approach to valuing carbon credits that they say brings much-needed transparency, accountability, and comparability to the global voluntary carbon markets, specifically nature-based projects.
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VCM Report: Early October enthusiasm for carbon credits fades after Kariba bad press
Activity in the voluntary carbon market dried up over the past last week compared to the flourish seen at the start of the fourth quarter, with confidence knocked by another dose of negative press about the troubled Kariba REDD project in Zimbabwe.
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Canadian hydrogen from natural gas labelled as CO2-free gets $10 mln for South Korea’s net zero goal
A Canadian hydrogen company announced Monday that it has secured $10 million in funding to develop a supply chain of CO2-free hydrogen and ammonia from natural gas for South Korea to meet its net zero ambitions, in partnership with a Korean energy company.
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Cookstove manufacturer issues green bonds to fund carbon project expansion
A project developer and manufacturer has issued sub-Saharan Africa’s first-ever green bond designated for the cookstove market to help fund its expansion amid the depressed market for carbon credits.
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A month out from COP28, efforts to get a global deal to phase out fossil fuels gain momentum
Fresh impetus to get a global commitment to phase out fossil fuels is emerging among some of the ministers and state representatives currently gathered in Abu Dhabi for preparatory meetings a month ahead of the COP28 UN climate conference in Dubai.
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RGGI Market: RGAs inch past all-time highs on nearly three-month low volumes
RGGI allowances (RGAs) crossed a record settlement price during the week, despite relative sluggishness in the market and concerns over the availability of renewable energy sources moving forward, as participants continue to await programme updates.
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Industrial technology firm’s partnership with direct air capture company to utilise renewable power
A low-carbon cement and lime technology developer announced a collaboration with a direct air capture (DAC) company to utilise electric kilns running on renewable electricity at future DAC plants for CO2 mitigation.
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Faltering UK carbon price could mean billions in export tax bills, lost treasury revenues -report
The UK's faltering carbon price could result in the loss of billions in treasury revenues and may expose British companies to large tax bills for exporting to the EU, warns a new report.
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