Carbon Pulse

European carbon prices gravitated back towards a key technical and psychological level on Tuesday morning, after having dipped below that marker in late trading on Monday, underlining the market's relative lack of liquidity and direction while traders awaited publication of updated position data.

Australia is lagging behind on regulation to control methane emissions from the fossil fuel sector, according to a report released Tuesday, as a conservation group has released footage that appears to show methane leaks across dozens of oil and gas facilities across the country.

Cosmetics firm L’Oreal has partnered with the Plastic Credit Exchange (PCX) to offset its entire annual plastic footprint in the Philippines, starting from this year.

South Korea should draw up regulations for its emissions trading scheme that support progress towards reaching its 2030 renewable energy target, according to an analysis recently released by a state-run think tank.

UK-based CreditNature has released its ecosystem integrity-based framework that has been designed to underpin the issuances of nature credits and other financial instruments.

The New Zealand government is partnering with BlackRock to launch a new NZ$2 billion ($1.2 bln) fund designed to help the country achieve 100% renewable electricity by 2030, it announced Tuesday.

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

A new firm announced a voluntary carbon market listing platform on Monday to accelerate credit supply development by rectifying what it says is the current “information asymmetry” that is stifling growth and trust in the sector.

RGGI Allowance prices fell back from eight-month highs this week in what market participants attributed to a continued sympathy trade with California Carbon Allowances, as well as a lack of fundamental demand specific to the power sector cap-and-trade system.

Brazil’s development bank BNDES on Friday announced that it has scrapped its plan to purchase tens of millions of dollars in voluntary carbon credits from two tender processes last year as the institution restructures its support for the market.

Kenya should close loopholes that allow untaxed carbon revenue to be shifted outside of the country in its upcoming legislation while steering clear of imposing special taxes and fees on the domestic market, a climate-tech chief executive told Carbon Pulse on Monday.

Carbon credit prices were little changed over the past week amid continuing uncertainty about the impact of the Core Carbon Principles (CCP) framework from the Integrity Council for the Voluntary Carbon Market (ICVCM), although there was a slight bounce in Xpansiv CBL’s nature-based standardised contract.

An inaugural national system for carbon credits using blockchain technology is being launched in the UAE through a partnership between the Ministry of Climate Change and Environment (MoCCAE) and two technology providers. 

EU nations are likely to overachieve on the bloc's overall targets for installing solar power over this decade, according to a business group's assessment of the government plans submitted to date.

European carbon allowance prices edged lower in continued thin trading on Monday morning, shrugging off healthy gains in natural gas as data showed further contractions in industrial output in the EU's largest economy, while energy prices rose in response to increased risks around Russian commodity exports from the Black Sea after attacks on shipping over the weekend.

An India-based carbon developer has submitted a coral reef project in Indonesia’s West Papua for pilot status under Verra’s emerging biodiversity methodology, with plans for other project types already teed up.

Taiwan's main bourse on Monday unveiled a government-backed carbon exchange in Kaohsiung, which will start offering trade in domestic carbon credits in the first half of 2024 at the earliest, while international units might become available later this year.

Rwanda will not sell carbon credits below $30 per tonne and will also look to develop new technology-focused projects as well as expand those involving its forests, the country's minister of environment was reported as saying by local media.

Traded NZU volumes rose Monday, pushing the price up slightly, as a National opposition party spokesperson said they would not make major changes to the country's ETS if it wins government in the October election.

One of Japan's largest oil refiners has teamed up with an international aquaculture accelerator to explore the potential of blue carbon in the country, seeking the creation of domestically issued blue credits.