Carbon Pulse

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in January ticked up following two months of stagnation, despite an oversupply issue plaguing the market, a report published Thursday said.

A group of researchers receiving EU support has begun work on an interactive model to describe how different green policy and investment scenarios transform EU industry from 1990-2070, as the EU shifts into the implementation phase of its flagship Green Deal.

US oil majors Chevron and ExxonMobil reported their full-year earnings on Friday, with both posting a drop in income as oil prices fell, after a year in which the companies’ commitments to cut emissions were juxtaposed with record domestic production levels.

California electricity sector CO2 emissions in December and for full year 2023 maintained the trend of sitting at decade lows, even as the share of natural gas power supply remained near record highs, data published Thursday showed.

European carbon prices shook off the weakest German auction of the year to date to trade slightly above a key technical level that has acted as a fulcrum for the market for the last two weeks, as energy markets were mixed amid continued conflicting pressures.

The rollout of the EU’s Carbon Border Adjustment Mechanism (CBAM) could encourage companies to further engage with decarbonising their supply chain through the process of insetting, said a carbon management platform that helps companies measure and report on their emissions.

Carbon credits from the two Kasigau Corridor REDD avoided deforestation projects can again be delivered into CBL’s N-GEO spot contract, the exchange said Friday, following news that Verra has completed its review of the Kenyan projects that were mired by allegations of sexual offences by staff and improper employment practices.

Allowance prices in China’s carbon market hovered just above the 70 yuan ($9.86) level over the past week with an uptick in liquidity, while the national offset market saw a plunge in trading volumes amid sluggish demand.

A coalition of over 100 Brazilian businesses has partnered with impact data and analytics provider GIST Impact to accelerate the adoption of the Task Force on Nature-related Financial Disclosures (TNFD) recommendations.

The Taiwanese government has revamped its domestic carbon offset methodologies in a bid to ensure the quality of carbon credits and to encourage participation in the emerging voluntary market.

Scaling funding to tackle biodiversity loss will be one of the top priorities of next week's Global Environmental Facility (GEF) Council meeting, as discussions on the newly established Global Biodiversity Framework Fund (GBFF) are set to take centre stage.

China's non-ferrous metals sector will see around 80 domestic aluminium producers covered by the national CO2 emissions trading scheme when the carbon market expands its sectoral coverage, an industry group has said.

A Switzerland-based technology initiative has launched what it says is the world’s first blockchain-native carbon credits, where all units are verified and issued directly on blockchain.

One of the co-founders of a carbon market investment firm has joined climate advisory firm Pollination as an executive director, the latter announced Friday.

The Australian government has put the call out for advisors to sit on the board of its independent expert committee for its recently legislated Nature Repair Market (NRM), it announced Friday.

Indonesian state oil company Pertamina is opening a carbon trading business to offer services to domestic and international clients, with one client in the aviation business already secured, it said.

Two Australian carbon project developers are in a legal fight over the rights to revenue from Australian Carbon Credit Units (ACCUs) generated from two projects in Queensland, Carbon Pulse has learned, the outcome of which could have serious ramifications for the reputation Australia’s carbon market.

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

A Munich-headquartered carbon credit company announced Thursday that it has a new CEO, while the former one will now act as the company's managing director.

Washington Carbon Allowances (WCA) prices stumbled further for the second week following a frenzy over the future of the state's cap-and-trade programme in question, while California Carbon Allowance (CCA) values saw a marginal uptick amid an absence of a significant market driver.