Carbon Pulse

Australia’s largest telecom company Telstra announced Friday it will no longer purchase carbon credits, choosing instead direct investments to reduce its emissions footprint as well as increasing its Scope 1 and 2 emissions reduction targets.

Increasing support for US biofuels production – including renewable diesel (RD) and ethanol – as more sustainable alternatives to petroleum-based counterparts, overlook their impact on air quality, particularly in rural Midwestern communities, analysis by an environmental non-profit found.

Prominent buyers in the voluntary carbon market (VCM) have raised the profile of removals credits, but costs remain high and reductions credits still have a key role to play in achieving voluntary net zero targets, panellists told conference attendees this week.

In a late move at mid-year UN climate talks in Bonn, country negotiators formally decided Thursday to try and clean up the Article 6 process by pushing several "spicy" topics out to future years, notably including that of emissions avoidance, easing the workload ahead of COP29 in November.

RGGI Allowance (RGA) prices hit new highs after posting a record settle at last week’s second quarterly permit sale, with traders viewing supportive warm weather forecasts, the absence of a reserve cap, and options activity adding to the upside.

The public consultation period for Chile’s draft Article 6 regulation concluded this week as stakeholders praised ambitious timelines and comprehensive coverage but flagged cumbersome processes for project approval.

Verra has placed three Brazil-based voluntary carbon projects on hold, pending a formal review, after they were implicated in a fraud probe launched by the Brazilian Federal Police (PF) last week.

The Danish parliament has approved two bills that will impose a CO2 tax on parts of industry, including shipping and waste-to-energy companies, from next year.

A Bolivian senator expressed support on Tuesday for carbon projects as a counterpoint to extractive industry, as the lower middle-income country slowly reverses its long opposition to the voluntary carbon market (VCM).

Some 22 organisations from across the private, non-profit, and academic sectors in Denmark have agreed with an alliance’s set of guidelines that recommend halting biodiversity loss by 2030 at the latest.

A Swiss reinsurance firm has signed a multi-year deal to purchase credits from a biochar project in Bolivia, it announced on Thursday.

The UK's first voluntary biodiversity credit scheme is set to expand over the next two months, with 10 projects ready to be added to the newly-established framework, Carbon Pulse has learned.

The European Green Party, which came out weakened from EU elections on Sunday, offered their backing yesterday to join a coalition led by outgoing Commission President Ursula von der Leyen, saying they were ready to back an “industrial Green Deal” in exchange.

A business case for voluntary biodiversity credits is not there yet, as companies prefer to engage in the carbon market with biodiversity co-benefits due to a lack of trust in a stand-alone market, experts have told Carbon Pulse.

Protecting biodiversity while deploying more infrastructure to decarbonise electricity production is possible and desirable, according to a new guidebook released on Thursday.

The full start-up of the EU’s Carbon Border Adjustment Mechanism (CBAM) is set to drive a battle over who gets to pocket the revenue — a decision that is unlikely to be taken until 2027. 

Almost two-thirds of companies feel confident about their ability to comply with the EU’s newly-adopted Corporate Sustainability Reporting Directive (CSRD)  due to start applying this year, according to a new survey.

The European Green Deal looks likely to have survived the EU elections last weekend, but the far-right’s surge in Germany’s coal regions gives reasons for concern, with trade unions warning about a “corrosive cocktail” threatening climate policy in the long term.

A new technology that can store renewable energy for several weeks, longer than batteries, has secured $300 million of investment in a move that could turbo-charge the net zero transition.

European carbon allowance prices remained firmly rangebound for a fourth day, shrugging off a nearly 10% rally in natural gas this week as the weight of open interest in June EUA call options appeared to be acting as an anchor on prices, breaking the long-standing correlation between the two markets.