Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 32 min ago
Argentina’s timber industry is key priority compatible with low-carbon goals, say ministers
Argentina’s timber industry is critical to the country while lending itself to sustainable natural resource management, according to the Bioeconomy and Industry Secretariats.
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Guyana to sell first carbon credits eligible for current phase of UN CORSIA aviation offsetting scheme
Guyana will become the first country to see millions of its voluntary carbon credits deemed eligible and made available for global buyers in current phase of the UN's CORSIA international aviation offsetting scheme.
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EU nations should look at broader climate solutions to bridge the gap towards targets, experts say
EU countries should explore a wide variety of technological solutions to achieve the bloc's target to cut emissions by at least 55% by 2030 compared to 1990 levels, experts suggested on Wednesday.
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FEATURE: UK-EU ETS linkage needed to avert crisis in Northern Ireland despite carbon border tariff, but potential for WTO challenge remains
The UK must make overtures to link its ETS to the EU’s emissions market in order to avoid substantial carbon tariff burdens in Northern Ireland, though ‘non-discrimination’ challenges could apply under World Trade Organisation (WTO) rules regardless, experts have told Carbon Pulse.
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Brazil partners with global finance group to protect Amazon, speed clean energy transition
Brazil has teamed up with a large global climate finance group to rapidly ramp up funding for the protection of the Amazon rainforest and scale clean energy development.
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Cuba to offer financial incentive for CO2 removals from improved forest management
Cuba has legislated financial incentives to generate CO2 removals via improved forest management (IFM) through a certification process mediated by the government, according to a resolution published in the country’s Official Gazette on Feb. 21.
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North American timberland company, Texas-based energy firm partner to explore CCS opportunities in southern US
A North American timberland owner has joined forces with a Texas-based energy to explore the potential for CO2 sequestration opportunities across a vast expanse of the southern US.
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UNEP FI urges financial players to call on governments to set mandatory plastic pollution disclosures
Financial institutions have been invited to sign a statement, calling on governments to agree on mandatory corporate disclosures on plastic pollution, by UN Environment Programme Finance Initiative (UNEP FI)
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Uniper reports 22% drop in 2023 EU ETS-covered power generation
Germany's Uniper's EU coal-fired power generation fell by more than one-fifth last year, the utility said in an annual report on Wednesday.
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Voluntary standard unveils new forest carbon crediting methodology
A voluntary carbon standard has opened a consultation on a new afforestation, reforestation, and revegetation methodology, weeks after it had announced it will exclusively focus on crediting nature-based solutions and move away from older UN crediting programmes.
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Brazil kickstarts G20 bioeconomy initiative amid fears of political setbacks
Brazil has launched an initiative to lay the groundwork for a common framework on bioeconomy as a part of its G20 Presidency, though political divisions threaten to hamper the process, an expert involved in the talks told Carbon Pulse.
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INTERVIEW: Using less energy to capture CO2 is key to DAC race
A developer of direct air capture (DAC) says that its technology’s low energy use requirements compared to other methods will allow it to scale up faster by connecting to the grid.
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Corporates fail to cough up enough cash to fund sustainability innovation -study
Almost half of executives surveyed for a new study said that they struggle to fund climate investments, with spending on sustainability reporting exceeding that on tangible green innovation by 43%.
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US project developer launches programme to help small businesses boost offsetting, sustainability efforts
A US-based project developer has launched a new initiative aimed at empowering small and midsize businesses (SMBs) to engage in sustainable practices and voluntarily reduce their carbon footprints.
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EU countries fail to reach a deal on corporate due diligence bill
European ambassadors failed to reach an agreement on a bill setting due diligence rules for large companies, including an obligation to adopt Paris Agreement-aligned climate plans, leaving their meeting on Wednesday open-ended after a month-long stall.
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SBTi sets out corporate guidelines for beyond value chain emissions cuts via voluntary carbon credits
New guidance from the Science Based Targets initiative (SBTi) aims to encourage companies to invest in emissions reductions beyond their own value chains on top - rather than instead - of decarbonising their own operations, including by investing in voluntary carbon credits and projects.
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FEATURE: Steelmakers brace for end of free EU carbon allowances
Traditional steelmakers say they will have to spend €3 billion on additional EUAs until 2030 to comply with the European Commission's newly proposed free allocation rules, which aim to promote the cleanest methods of reducing iron ore for steelmaking.
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UK-France panel spotlights challenges with scaling biodiversity credit market
Key challenges to scaling the emerging biodiversity credits market include the need for independent verification, robust regulation, and fair engagement with Indigenous Peoples, a UK-France led international initiative told an event on the sidelines of the ongoing UN environment summit this week.
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Euro Markets: Midday Update
EU carbon allowance prices rose to an eight-day high after the strongest auction result in six weeks triggered further short covering by speculative traders, while the weekly position data showed investors had boosted their bearish bets to a new record.
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Better nature protection in the Cerrado could give huge boost to Brazil GDP, WEF says
The agricultural development in the Cerrado no longer needs to come at the expense of destroying the ecosystem, becoming instead an opportunity to attract investment in sustainable agriculture, the World Economic Forum (WEF) has warned.
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