Carbon Pulse

European carbon prices were unchanged at midday on Tuesday as the market positioned itself for two days without daily EUA auctions, while energy prices were flat to slightly weaker as traders waited to assess the impact of imminent labour stoppages at key LNG facilities in Australia.

The European Energy Exchange (EEX) on Tuesday announced the launch of its Global Carbon Index (GCI) Family, aimed at providing a comprehensive snapshot of rapidly evolving global carbon markets.

Indian government officials are grappling with finding the right balance between demand and supply in what may over time grow to become one of the world’s biggest domestic carbon markets, as they expect to release a first set of draft regulations ahead of COP28 in Dubai in late November.

A forestry law awaiting parliamentary adoption in Rwanda that proposes stricter protections for tree use may prove unpopular with the public as it could lead to a reduction in firewood and charcoal production, a local media source reported Tuesday, with significant opposition to the legislation likely to hold up the country's planned expansion into global carbon markets.

A London-based fintech startup has announced the raise of $6.5 million in a seed funding round, which the company will use to build a carbon project financing platform that enables corporates to discover, finance, and monitor voluntary carbon market projects.

Singapore-based exchange Climate Impact X has released a set of cookstove global standard contracts for the voluntary carbon market.

European Commission President Ursula von der Leyen laid out the tasks for the new European Green Deal commissioner and the candidate commissioner for climate action in their mission letters published on Tuesday morning, with much of the focus on preparing a new 2040 EU climate target and the implementation of the existing climate files.

A major Japanese conglomerate has teamed up with two local partners to initiate a forest carbon offset programme in Akita Prefecture under the country's J-Credit system, it announced Tuesday.

An Australian project developer will wind down this year, with its accounting standard to be taken over by global charity Save the Children and Carbon Neutral’s Perth office to take its existing work.

Australia and South Korea are the G20’s top two coal-fired polluters on an emissions per capita basis, even as the bloc’s largest members have a larger overall carbon footprints, according to a report released Tuesday.

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

None of the world's largest 26 banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis from a research initiative, with most of them yet to commit to wean off financing new coal assets.

Most G20 members still have insufficient policies on nature-related corporate impact, according to new research by disclosure organisation CDP, with the body outlining 10 high-level principles policymakers should adopt to close the current gap.

The shipping of CO2 is poised for significant growth by 2030 as the global carbon capture, utilisation, and storage (CCUS) market expands, according to analysts.

French industrial minerals group Imerys is demanding the European Commission pay €40 million in damages caused by what it says is an incorrect interpretation of post-2022 ETS free allocation rules.

Standard body The Carbon Trust is ditching its carbon neutral label for products and replacing it with marks that focus on emissions reductions and comparisons of carbon footprints.

The price of some standardised nature-based voluntary carbon contracts increased last week as volume started to return to the market following a period of low liquidity, but the market struggled to find a clear direction, with many products moving sideways.

A group of project developers have challenged academics' claims that cookstove projects are being over-credited, in an open letter published on Monday, mirroring public debates around voluntary REDD+ credits.

Kenya’s President has called for African countries to join a new partnership that aims to boost renewable energy development across the continent by mobilising finance, providing technical assistance and capacity building, and engaging the private sector.

A study from the University of Leeds found that forests in South America, including the Amazon rainforest, stopped storing carbon and began releasing it during the 2015-16 El Nino event, the findings published in scientific magazine Nature showed on Monday.