Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 57 min ago
IUCN launches C$30mln marine biodiversity and gender project in Madagascar
IUCN has launched a C$30 million initiative focused on protecting marine ecosystems while supporting women, in collaboration with the government of Madagascar.
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Elephant forest activity correlates with high carbon storage, though causal relationship unclear -study
Elephant forest activity is correlated with higher levels of aboveground carbon (AGC) storage, according to a preprint of a new study, though the direction of the causal relationship, if any, remains unclear.
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Web3 company plots recovery in tokenised carbon credits amid ICVCM integrity drive
One of the largest Web3 firms in the voluntary carbon market is planning a rebound in tokenising carbon credits on the back of the ICVCM’s Core Carbon Principles (CCPs) stamp of high integrity.
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Electrification will outweigh hydrogen in EU net zero energy use -report
Clean electricity will need to cover the largest share of the EU’s shift away from fossil fuels, while green hydrogen will be key in just a few hard-to-electrify sectors, according to research published on Friday.
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Pollination plans blended regenerative agriculture fund worth billions
Plans for a blended finance regenerative agriculture facility that could raise billions of dollars are underway, led by Pollination and the Green Climate Fund, Carbon Pulse has learned.
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Biochar carbon credit prices to fall despite growing demand, say analysts
Prices of biochar carbon credits are slated to shrink over the next two years despite growing demand, mainly due to increasing supply and competition, according to analysts.
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EU approves billions in state aid to decarbonise ETS-covered German industrials
Brussels has approved billions in state aid for Germany's energy-intensive industries covered by the EU ETS to help them reduce greenhouse gas emissions in production processes.
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Global tree-planting initiatives drive massive biodiversity loss in African savannas, study finds
Misguided forest restoration initiatives are damaging ancient grassy habitats in Africa and beyond due to incorrect classification of ecosystems, putting biodiversity in an area bigger than France at risk, a study has found.
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Euro Markets: Midday Update
EU carbon permit prices gave up all of Thursday's gains in the final morning session of the week as the previous day's short squeeze came to an end and buyers stepped back, while the slow and steady selling that has characterised the market for the last two weeks resumed.
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Swedish Article 6 carbon project in Ghana broadens scope to raise performance
The Swedish Energy Agency’s (SEA) Ghanaian partner has broadened the scope of its Article 6 mitigation project after realising that the original plans would produce insufficient emissions reductions, the CEO of the company told television media.
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RWE posts 26% annual drop in EU ETS-covered fossil burn
German energy company RWE has reported a huge year-on-year decline in fossil power generation covered by the EU ETS, in preliminary output data for 2023 released this week, while its renewable electricity production surged.
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FEATURE: Voluntary carbon insurers move in to de-risk the market
A nascent industry providing insurance for carbon projects and credits is gathering momentum, aiming to shore up the integrity of the voluntary carbon market by managing risk for buyers, project investors, and developers alike.
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South Korea’s REDD+ promotion law to enter into force
A regulation supporting South Korea's engagement in overseas forestry projects will become effective on Saturday, as Seoul seeks to secure more forest-derived carbon credits from developing countries.
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Major asset managers leave investor climate group
Two of the world's largest asset managers, JPMorgan Asset Management and State Street Global Advisors, have announced their departure from an investor group focused on pressuring companies to address global warming, while BlackRock is stepping back as a corporate member, they said this week.
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Groups call on Philippines to restore degraded mangrove forests
A letter signed by multiple environmental groups has called on the Philippine government to restore mangrove forests at unproductive fishponds as mandated by domestic laws to mitigate the adverse impacts of climate change.
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Australia to go “toe-to-toe” with US IRA, prime minister says
Australia plans its own climate infrastructure strategy similar to the US’s Inflation Reduction Act (IRA) to help meet its emissions reduction and renewable energy targets.
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NZ Market: NZU price sinks lower as tongues wag over March auction settings
The NZU price dipped lower on Friday as speculation continues about whether or not the government will adjust the confidential reserve price settings in the upcoming March auction in a bid to raise cash.
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California commences development of fifth investment plan for cap-and-trade auction proceeds
California regulator ARB on Thursday hosted the first public workshop to develop the fifth investment plan for cap-and-trade auction proceeds, as panellists emphasised prioritising support for disadvantaged communities.
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Veteran CEO of US-based clean cookstove project developer steps down
The founder and CEO of one of the biggest carbon project developers in the voluntary market is stepping down from his leadership position, while announcing his successor.
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More action needed to overcome US renewable energy supply chain problems -industry panel
Further steps need to be taken to secure minerals and materials needed to overcome issues plaguing the development of renewable energy sources in the US, a panel of energy industry representatives said Thursday.
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