Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 14 min ago
Climate-focused guarantee company aims to unlock billions in green finance
A climate finance company launched this week aims to unlock billions for developing countries by providing guarantees for institutional investors buying green bonds on the London Stock Exchange.
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Norwegian sovereign fund identifies ‘very high’ nature risks in first TNFD disclosure step
Norges Bank Investment Management (NBIM), which oversees Norway’s $1.4 trillion sovereign wealth fund, has highlighted the significant impacts and dependencies on biodiversity linked to its investees' sectors, in its first step towards adopting the TNFD's recommendations.
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Biodiversity credits will “counterbalance” negative corporate impacts, expert says
Corporations will use biodiversity credits to “counterbalance” the harm they inflict on nature throughout their supply chains, but the practice should not be called offsetting, a data expert has predicted.
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Verra launches consultation on refrigerant methodology as part of carbon crediting reform efforts
Verra has launched a public consultation on proposed revisions to a refrigerant leak detection methodology as part of revisions to parts of its carbon crediting programmes.
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Non-EU shipping companies struggle to navigate ETS rules in tight timeframe
The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc - with little time in which to navigate the new rules.
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Energy transition fund for developing countries receives EIB backing
A blended finance fund dedicated to investing in clean energy and infrastructure in developing countries has received $282 million of commitments, bolstered by a recent investment from the European Investment Bank (EIB).
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Tumbling biochar prices tap into growing demand in nascent carbon removals market
Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.
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CN Markets: CEA price goes up, volumes down as market prepares for week-long Lunar New Year break
Allowance prices in China's carbon market moved up over the past four trading days despite recent regulatory news, while only hundreds of credits changed hands in the national offset market amid diminishing demand.
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Euro Markets: Midday Update
European carbon prices were little changed on Wednesday morning as the lack of a daily auction and inconclusive weekly position data failed to offer any impetus to the market while mixed energy markets also failed to give any direction, setting EUAs up to return the narrowest daily trading range in nearly three years.
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Danish agtech startup buys UK-based farm management software company to boost soil carbon efforts
A Danish tech startup specialising in regenerative agriculture finance and technology has acquired a UK-based farm management software business that has thousands of farmer clients across more than 100 countries.
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Australia’s biggest mining region needs 10x the renewable commitment made at COP28 to decarbonise
The International Energy Agency's recommendation that renewable energy installation be tripled by the end of the decade would be a drop in a vast ocean at one of Australia’s more emissions-intense regions, and the scale needed is not yet close to get decarbonisation across the line.
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Cambodia to study carbon credit tokenisation, eyes exchange
The government of Cambodia has decided to study the potential of combining the concept of securities token offering (STO) with carbon credits, with an exchange reportedly to be introduced later this year.
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New Zealand court waves through legal action against emitters
New Zealand’s Supreme Court has permitted legal action to proceed against the country’s biggest emitters after finding that companies may be liable for their contributions to climate change.
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Current reporting frameworks aid compliance, but prepare for evolving climate regulations -experts
A discussion regarding the growing landscape of climate regulations around the world saw panelists consider the implications of the rise in mandatory disclosures, while experts laid out best practices for companies in a webinar on Tuesday.
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Unique tools used to monitor leakage from CO2 sequestered under US lake
Scientists at a US university have deployed research buoys to independently monitor a carbon capture and storage (CCS) project that pumps CO2 under a lakebed, in an attempt to allay local opposition to the project.
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US carbon marketplace startup releases livelihood impact index for smallholder farmers
A California-headquartered startup released Tuesday a methodology designed to measure the impact of carbon credit projects on the livelihoods of smallholder farmers.
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Voluntary carbon credits could near $250/t by 2050, as 2024 seen as ‘make or break’ year for market -analysts
The voluntary carbon market is at a crossroads, with 2024 emerging as a crucial year that could either propel the market towards a valuation of over $1.1 trillion annually by mid-century or steer it towards its potential collapse.
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European fossil fuel electricity generation falls to record low in 2023 -report
Renewable sources are increasingly forming the backbone of the EU power mix, with the region's fossil fuel electricity generation falling to record-low levels last year, according to a report published on Wednesday.
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Industry criticises proposed reporting rules under Massachusetts’ Clean Heat Standard
Industry stakeholders criticised proposed amendments to reporting requirements under the state's draft Clean Heat Standard (CHS) framework in a webinar Tuesday, arguing they were overly burdensome on business.
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South Dakota House committee approves two carbon pipeline bills
The two bills, approved Monday by the House Commerce and Energy Committee, establish protocols for landowners and carbon sequestration pipeline companies following the denial of permits to two CO2 pipelines by the state’s Public Utilities Commission (PUC) last year.
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