Carbon Pulse

A lot of India’s voluntary carbon projects produce credits of low quality, and the country should engage in the high end of the market to attract greater investment, a carbon market veteran told a conference in New Delhi this week.

The US-headquartered Rockefeller Foundation has pledged to invest over $1 billion in the coming five years to expedite the global climate transition.

EU carbon prices extended their gains for a third day on Friday morning as the short squeeze triggered by Wednesday's Commitment of Traders report continued amid very thin trading activity, while energy prices weakened as the outlook for gas supplies remained uncertain.

Extreme weather events and biodiversity loss create major risks for Australian insurers, but also opportunities to invest in projects and instruments that mitigate those risks, the Insurance Council of Australia (ICA) said Friday.

The growth in solar and wind electricity generated across EU countries spared the equivalent of 54% of the total fossil gas imports from Russia in August, according to analyst findings published on Friday that highlight how the rapid expansion of renewables is helping EU nations cover the loss of Russian supplies.

Using enhanced rock weathering (ERW) in the agricultural sectors of tropical regions offers promising potential to combat climate change while enhancing crop yields, a study has found.

A developer of a carbon transport and storage network off the coast of north-east Scotland is among the 14 companies to have been awarded 21 licences in the UK’s first-ever carbon storage licensing round, conducted by the North Sea Transition Authority (NSTA).

China’s national carbon markets saw prices continued to increase over the past week despite a decline in trading volume, while trading activity in the offset market improved somewhat ahead of the relaunch of the national voluntary programme.

Plastic credits such as the ones it issues itself should be an integral part of a new global plastic treaty framework to help close the estimated $40 billion finance gap to stave off the plastic crisis, environmental credits standard body Verra has told the UN.

India could earn significant revenues from engaging proactively in Article 6 cooperation and earn up to $12.5 billion annually in the international carbon market by 2030, according to the International Emissions Trading Association (IETA).

ICE is introducing a liquidity provider programme to boost trade in its voluntary carbon credit futures, the exchange said Friday.

Growth in China’s thermal power generation declined in August, with the overall power generation remained stable from a year ago amid gradually improved economic sentiment, government data showed Friday.

The environmental justice committee for California state regulator ARB on Thursday asked the Board to immediately scrap avoided methane credits in the agency's forthcoming Low Carbon Fuel Standard (LCFS) rulemaking, as well as impose limits for lipid biofuels.

Australia announced on Friday it has cancelled its more than 700 million remaining Kyoto Protocol-era carbon credits to make sure no future government will be able to use them towards the country’s commitments under the Paris Agreement.

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

In the base case scenario outlined by Wood Mackenzie’s new ‘Energy Transition Outlook’, an annual investment of $1.9 trillion is required to decarbonise the world's energy sector – a figure that escalates to US$2.7 trillion should the objective pivot to aligning with the Paris Agreement’s 1.5C global warming limit.

Quebec distributed the remainder of its 2022 free carbon market permits on Thursday, with the year-on-year total seeing a slight decrease while the number of recipients remained the same, according to the data released by the province's environment ministry.

Confectionery and pet care titan Mars on Thursday pledged to invest over $1 billion over the next three years as it pursues a halving of its value chain CO2 emissions by 2030 and net zero by mid-century.

Four of the most popular forest protection offset methodologies give excessive flexibility and discretionary space to project developers, resulting in exaggerated climate impacts and overestimation of carbon credits issued, a policy watchdog detailed in a summary report of academic research released Friday.

California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) prices both increased this week despite volume going in opposite directions, while traders said regulatory drivers in the former market and heightened permit demand in the latter were behind the gains.