Carbon Pulse

Market participants believe the September RGGI auction clearing price will jump compared to recent sales and may even flirt with an all-time high, though uncertainty remains as to whether the sale will come in at a slim or moderate discount to the secondary market allowance price.

A Toronto-based carbon credit financier has significantly cut executive headcount, subleased office space, and taken further steps to reduce general and administrative expenses and save millions annually, it announced Tuesday.

Brazilian state-owned oil company Petrobras on Tuesday announced its first purchase of carbon credits to fund the preservation of the Amazon rainforest.

The European Commission’s strategy to capture, utilise and store carbon is at risk of being published later than the originally anticipated fourth quarter release, an EU source told Carbon Pulse on Tuesday, as the EU's executive grapples with new appointments and approaches the end of its current term.

This professional is responsible to ensure the highest quality of projects in terms of environmental integrity, improving livelihoods as well as protecting and restoring and biodiversity. It's a key role in the core function of company, as will develop, and drive all technical studies and analysis required to produce the Project Description and Monitoring Reports required by the standards applied for generating carbon credits in the carbon markets.

Two African manufactured electric cookers have been launched that use sensors to monitor the customer journey from end-to-end, including real-time energy consumption, as cookstove carbon project developers innovate to overcome criticism about over-crediting.

The EU on Tuesday urged African nations to back its aims for the COP28 UN climate talks, amid consensus that the negotiations need to pivot towards accelerating the roll out of renewable power and the development of green hydrogen to generate sustainable economic growth.

A programme for supporting regenerative agriculture initiatives across land and water will launch in October, advisors Bright Tide has said.

South and Southeast Asian countries are running out of time and will likely not be able to reach their net zero targets within the stipulated period, a UNDP official told a Kuala Lumpur conference Tuesday.

A coalition of more than 78 UK-based environmental organisations has claimed that the UK government lacks progress on the country's 30x30 nature-protection pledge and called for more robust action.

European carbon prices were unchanged at midday on Tuesday as the market positioned itself for two days without daily EUA auctions, while energy prices were flat to slightly weaker as traders waited to assess the impact of imminent labour stoppages at key LNG facilities in Australia.

The European Energy Exchange (EEX) on Tuesday announced the launch of its Global Carbon Index (GCI) Family, aimed at providing a comprehensive snapshot of rapidly evolving global carbon markets.

Indian government officials are grappling with finding the right balance between demand and supply in what may over time grow to become one of the world’s biggest domestic carbon markets, as they expect to release a first set of draft regulations ahead of COP28 in Dubai in late November.

A forestry law awaiting parliamentary adoption in Rwanda that proposes stricter protections for tree use may prove unpopular with the public as it could lead to a reduction in firewood and charcoal production, a local media source reported Tuesday, with significant opposition to the legislation likely to hold up the country's planned expansion into global carbon markets.

A London-based fintech startup has announced the raise of $6.5 million in a seed funding round, which the company will use to build a carbon project financing platform that enables corporates to discover, finance, and monitor voluntary carbon market projects.

Singapore-based exchange Climate Impact X has released a set of cookstove global standard contracts for the voluntary carbon market.

European Commission President Ursula von der Leyen laid out the tasks for the new European Green Deal commissioner and the candidate commissioner for climate action in their mission letters published on Tuesday morning, with much of the focus on preparing a new 2040 EU climate target and the implementation of the existing climate files.

A major Japanese conglomerate has teamed up with two local partners to initiate a forest carbon offset programme in Akita Prefecture under the country's J-Credit system, it announced Tuesday.

An Australian project developer will wind down this year, with its accounting standard to be taken over by global charity Save the Children and Carbon Neutral’s Perth office to take its existing work.

Australia and South Korea are the G20’s top two coal-fired polluters on an emissions per capita basis, even as the bloc’s largest members have a larger overall carbon footprints, according to a report released Tuesday.