Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 17 min ago
French investment firm and carbon project developer unveil plan to invest billions into forestry projects
A French private investment house and nature-based carbon project developer have announced details of their plan to invest €1.5 billion in forest carbon projects that will sequester an estimated 150 MtCO2, the two firms said Thursday.
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Miners must do far more to align global critical mineral development with emissions targets, report says
A US-based think-tank has suggested better ESG practices, lower emissions technologies, and practices to conserve biodiversity near mines could have far-reaching implications for social licence and ultimately mine permitting, leading to faster development of the critical minerals needed for the world to meet net-zero goals.
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IDB launches nature, climate financing mechanism
The Inter-American Development Bank (IDB) has become the first multilateral development bank to pilot a financing tool that rewards countries for achieving nature and climate goals, it announced Wednesday.
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CP Daily: Wednesday September 27, 2023
A daily summary of our news plus bite-sized updates from around the world.
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California compliance offset issuance retreats, though exceeds 2022 levels through Q3
California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.
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High-quality credits a must for defence of buyers’ carbon offset purchases, survey details
The quality of carbon credits has become the uppermost concern for offset buyers in the voluntary carbon market (VCM) looking to defend their purchase decisions under the onslaught of scrutiny from stakeholders, according to a recent market survey.
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*Carbon Standards Specialist, Space Intelligence – Edinburgh
PREMIUM LISTING - We are seeking a Carbon Standards Specialist to work with our technical and business development teams to ensure we provide our customers with the best advice about which methodologies and standard to use, what approach to take, and to lead the process of drafting and obtaining approval for methodology deviations or similar where this is necessary.
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RFS Market: RIN prices nosedive to 19-mth low as bearish fundamentals weigh
Renewable Fuel Standard (RFS) credit values fell into the double digits this week as traders said strong biomass-based diesel production and financial players selling was exacerbating a months-long drop in the price of RINs.
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Brazil Senate delays ETS bill vote to consider agriculture sector amendments
A Brazil Senate committee on Wednesday for the third time delayed a vote on cap-and-trade legislation, which in the most recent instance will involve discussing proposed amendments from the country’s agribusiness lobby.
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California power emissions continue to recede through August
California electricity sector CO2 output maintained its 10-year decline through August, as the share of renewables and hydroelectricity continued to climb while imports decreased compared to 2022 levels, according to data published Wednesday.
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Zimbabwe drops controversial plan to give 25% of credit revenue to local communities
Zimbabwe has backed down on forcing project developers to hand over a quarter of their share of proceeds from credit sales to local communities, the government announced Wednesday, following a backlash from investors and market participants.
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EU must opt for stringent CO2 targets for trucks to maintain competitive edge -green group
The EU risks losing a sizeable chunk of the truck manufacturing market to competitors such as the US and China by 2035 if it does not adopt high CO2 standards for heavy-duty vehicles, according to NGO-commissioned analysis published on Wednesday.
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ANALYSIS: Major US agtech company still bullish on voluntary carbon market, while other ecosystem players demonstrate caution
Amidst sentiments of distrust in nature-based solutions and a stuttering voluntary carbon market (VCM), a once-billion-dollar-valued agtech company remains confident in its plan to scale up soil carbon offset generation, while others in the sector forecast more conservative economics.
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UK-France biodiversity credit panel’s 21 members revealed
The 21 members of a UK-France government-initiated panel aiming to galvanise international biodiversity credit markets have been announced.
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New approach needed for high-integrity marine natural capital markets, says report
A group of environmental finance organisations have set out a vision for high-integrity marine natural capital markets for the UK in a new consultative report, which they hope will help close an estimated funding gap close to £50 billion for marine ecosystems.
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Buying UK employees a pint of beer every week more expensive than climate action, finds survey
UK technology companies could spend less than the cost of a pint of beer on every employee per week to become one of the top 100 companies in the country for emissions mitigation, according to a survey published on Wednesday.
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Euro Markets: Midday Update
European carbon prices were slightly weaker on Wednesday morning as traders absorbed Commitment of Traders data that showed a small decrease in the net short position of investment funds, but several participants questioned whether this would be sufficient to trigger another short squeeze.
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Irish peatland standard to include biodiversity credits before 2026, non-profit says
An emerging Republic of Ireland peatland standard aims to address biodiversity credits before the end of 2025, a sustainable finance non-profit has said.
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The pain of net gain: UK government delays mandatory biodiversity mechanism into new year
Market actors have expressed major concerns about the UK's nature market direction, as biodiversity rules for the planning and development sector have been delayed by the UK government with no fixed date for its implementation.
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UPDATE – Global shipping needs bold collaborative action to decarbonise -UN report
Global shipping needs swift action and collaboration to decarbonise in order to tackle growing emissions and regulatory uncertainty and ensure a just and equitable transition, according to a UN report released Wednesday.
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