Carbon Pulse

Using North American automatic programme adjustments in the design of New York’s cap-and-invest scheme, rather than the supply-responsive approaches that their European counterparts use, would better serve to ensure programme stability, experts said Thursday.

California Carbon Allowance (CCA) prices barnstormed as much as 10% over the past two days to new record highs after the state published larger-than-expected scenarios for cutting cap-and-trade allowance supply, while Washington Carbon Allowance (WCA) values climbed ahead of the programme's permit reserve sale next month.

A top EU court has ruled against a Swedish company’s bid to stay in the EU ETS despite its exclusively biomass-fueled operations that had resulted in the facility having almost no reportable CO2 emissions.

Three EU governments are trying to direct public money towards more fossil fuels, rather than steering away as the 27-nation bloc’s overarching climate strategy requires, a report showed on Thursday.

A “good number” of carbon credit projects will fail to attain the ICVCM's Core Carbon Principles (CCP) integrity label, but some market experts judge there to be still too much wriggle room and ambiguity in the cross-stakeholder body's newly-released assessment framework.

Around 15% of the bonds to be issued by the United Development Programme (UNDP) to help support tiger ecosystem protection in four Asian countries could be monetised through the sale of “high integrity biodiversity credits”, depending upon the ability to de-risk the credits through guarantee provisions.

Multiple Europe-headquartered power generation firms reported a significant drop in EU ETS-covered output in quarterly results published late Wednesday and Thursday, while a large steel producer became the latest to flag a weak demand outlook due to wider macroeconomic uncertainty.

The British government has published provisional price tiers for its statutory biodiversity credits as part of upcoming net gain legislation, with the final values to be set by the Department for Environment, Food and Rural Affairs (Defra) and subject to periodic review.

Lawsuits are an increasingly important tool for holding governments and corporations accountable on climate, according to a report published Thursday by the United Nations Environment Programme (UNEP).

The EU has contributed an additional €25 million to the Food and Agricultural Organization’s Sustainable Wildlife Management (SWP) programme, with the funds set to benefit African biodiversity over the next six years.

European carbon prices stabilised at moderately lower levels on Thursday morning as the market appeared to find buying support after dropping by as much as €3.20 on Wednesday, while natural gas extended yesterday's sizeable losses as the August contract expiry neared.

A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Sixteen native NGOs and associations on Thursday came out in favour of a contested carbon offset deal in Malaysia’s Sabah state that officials last year signed with a Singapore-registered shell company.

Japan's proposed timeline for a domestic carbon pricing mechanism could be too slow for the country to get aligned with its Paris Agreement goals, given the current emissions trajectory, a report has found.

The Taskforce on Nature-related Financial Disclosure (TNFD) should make greater use of the Mean Species Abundance (MSA) metric in its framework as it is already used by many companies and would offer a number of benefits, according to a position paper issued by a group of European companies this week.

Miner Rio Tinto has written down the value of its Australian alumina refineries as it factors in the cost of buying Australian Carbon Credit Units (ACCUs) under the government’s reformed Safeguard Mechanism, saying it will continue to need to rely on offsets to meet its decarbonisation targets.

An Australian bank has entered into a strategic alliance with a soil carbon project developer, financing a pilot project that will generate Australian Carbon Credit Units by pre paying for the first credits generated under the project, it announced Thursday.

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

The Integrity Council for the Voluntary Carbon Market has published the framework it will use to assess whether carbon credits meet its Core Carbon Principles integrity label, work that forges an uncertain path for many REDD projects and raises the bar on transparency.

California regulator ARB on Wednesday presented several scenarios for removing cap-and-trade permits in order to hit the state’s more ambitious emissions reduction goals, sending allowance prices skyward as traders expressed surprise at the magnitude of the potential supply cuts.