Carbon Pulse

The roll-out of the EU's carbon border adjustment mechanism (CBAM) will help address the risk of carbon leakage, but it will have limited impact on global emissions reductions while significantly reducing exports into the European bloc from some Asian sub-regions, the Asian Development Bank (ADB) has found.

Santos has signed its first local customer for its upcoming onshore Moomba carbon capture and storage (CCS) project in the South Australian desert, after a slew of non-binding agreements with Japanese conglomerates last year.

UK-based RePlanet is looking to pilot a method together with with 10 organisations to enable relatively cheap monitoring of biodiversity credit projects.

A range of new carbon market platforms and products promises to deliver increased “liquidity, depth, and scale” to Australian participants, but will not come at the expense of over-the-counter markets, the Clean Energy Regulator told a webinar Friday.

The company tasked with building and operating the New Manila International Airport has launched the first project in the Philippines aimed at offsetting the loss of natural and critical habitats from a major infrastructure project.

A startup that monetised individual actions to reduce personal emissions has stopped offering the resulting offsets to businesses, citing the practice as a questionable solution to the climate crisis.

Financial players continued to take profits across North American carbon markets, as opposed to regulated entities that built net length in California Carbon Allowances (CCAs) and RGGI allowances (RGAs), while Washington Carbon Allowances (WCAs) remain out of favour in both groups, weekly data from the US Commodities and Futures Trading Commission (CFTC) release Friday showed.

The Canadian government is gathering information about the supply and brokerage services of domestic carbon credits, as it looks at creating a platform to help federal departments and agencies offset their emissions.

Construction of the Sizewell C nuclear project in southeast England could start later this year, provided that the government gives the greenlight and financial close is reached, said executives on a webinar about the UK’s nuclear agenda on Friday.

A framework aiming to steer businesses and stakeholders wishing to enter the voluntary biodiversity credit markets will be drafted by an expert group brought together by a Swiss research organisation.

Extending the EU ETS to the Western Balkans’ power sector could enable a faster coal phase-out while also keeping possible Russian and Chinese influence at bay, according to a European think tank.

Some European Union member states must correct their policies if they are to reach the bloc's climate targets to cut net greenhouse gas emissions at least 55% by 2030 compared to 1990 levels, according to a European Commission assessment.

A global biodiversity monitoring initiative could combine national data sources to address gaps in the coverage of ecosystem and species observations, researchers have said. 

A criminal complaint was filed against Germany's largest oil and gas producer on Thursday because of “suspicion of false and concealing information” in its previous year's annual report about the level of carbon emissions.

EU carbon prices set yet another 31-month low in Friday morning trade as selling pressure in both carbon and natural gas continued to steadily weigh on the markets as participants saw little sign of any let-up in the decline and a bank analyst lowered their end-of-year price forecast.

Human population density has a “negative association” with carbon stocks present in mangrove soil and is therefore not a good measure of understanding the effects of mankind on these ecosystems, research has found.

Investors in publicly listed advertising holding companies should hold them to greater account over their carbon-intensive clients, says a report about the environmental impact of the industry.

A UK-based project developer is workshopping a ‘living rivers index’, scoring the biodiversity value of stretches of waterways to help lay the way for freshwater credits.

Trading in China’s carbon market has remained muted after the recent holiday with relatively low liquidity amid sluggish demand, even as the spot allowance price reached the highest level since the beginning of the year.

Hastening the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF) through updating national strategies, mobilising nature finance, and enhancing cooperation between biodiversity-related conventions will be among the core topics of discussion at the 6th UN Environment Assembly (UNEA) next week, as the world's top decision-making body on the environment gathers for the first time since the landmark agreement was sealed in 2022.