Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 13 min ago
Japanese trading house to develop woody biomass project in Indonesia
A Japanese trading house has teamed up with a Nordic biomaterial solution provider for the sustainable utilisation of woody biomass, targeting emissions reductions from use of forest resources in Indonesia, it announced Friday.
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ANALYSIS: Lag in Swiss funding revives additionality questions over Thai Article 6 carbon sales
The lag between project inception and receipt of financing in the world’s first internationally transferred mitigation outcomes (ITMOs) - transacted in January from Thailand to Switzerland - is raising questions about the financial additionality of these credits traded under the Paris Agreement's Article 6.2, experts have told Carbon Pulse.
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CP Daily: Thursday January 25, 2024
A daily summary of our news plus bite-sized updates from around the world.
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WCI Markets: WCA prices plummet below CCAs amid Washington programme uncertainty
Washington Carbon Allowance (WCA) prices took a nosedive following verification of a ballot initiative aimed at repealing the state's Climate Commitment Act, while California Carbon Allowance (CCA) prices once again briefly broke to new all-time highs earlier in the week.
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Washington House committee advances WCI linkage, debates speculator study bills for cap-and-invest
Members of the Washington House Environment and Energy Committee advanced a bill intended to facilitate linkage between the state's young cap-and-invest programme and the California-Quebec carbon market on Thursday, while also hearing testimony and debating issues around a proposal to study the inclusion of speculators in allowance auctions.
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*Director, Forest Management Program Development and Innovation, Verra – Remote (Worldwide)
*PREMIUM LISTING - Verra seeks an innovative leader for our global afforestation, reforestation and revegetation (ARR) and improved forest management (IFM). We’re looking for a big-picture thinker with voluntary carbon market experience and excellent forest carbon technical abilities to help us make the most of the many opportunities to increase climate change mitigation through forest management activities.
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Ratings agency cuts EUA forecast but sees full 2024 recovery from price drop
Analysts at a major ratings agency have cut their outlook for EU carbon prices, following other experts in tempering their expectations amid a confluence of bearish factors but differing in their anticipation of a full recovery later this year.
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US DOE allocates $254 mln to industrial decarbonisation
The US Department of Energy (DOE) announced Thursday the disbursement of awards to 49 projects nationwide geared to reduce industrial greenhouse gas (GHG) emissions, as well as additional available funding opportunities to tackle decarbonisation challenges in hard-to-abate industries.
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Canadian government under-reporting forestry emissions -experts
While Canada’s greenhouse gas inventory demonstrates the forestry sector as roughly carbon neutral, academics and environmental non-profits called attention to methodologies that instead deem the sector as generating more emissions than electricity and agriculture, accounting for more than 10% of the country’s annual emissions, in a series of reports published in January.
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Biodiversity Pulse: Thursday January 25, 2024
A twice-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).
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Ireland targets society-wide awareness with biodiversity action plan
The Republic of Ireland has said it wants every person in the country to be aware of the importance of biodiversity, as it launches its latest National Biodiversity Action Plan.
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LEAK: EU to include carbon removals in 90% 2040 climate target communication
The European Commission will include carbon removals in its recommended goal to reduce net greenhouse gas emissions by 90% by 2040 compared to 1990 levels, according to a leaked draft seen by Carbon Pulse on Thursday.
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Study reveals how time, site conditions, and forest management affect biofuels’ carbon footprint
A recent dynamic life cycle assessment (LCA) study has revealed that soil organic carbon (SOC) changes resulting from the removal of forest residues for biofuel production significantly impact greenhouse gas emissions.
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Brussels awards €600 mln to carbon and energy infrastructure projects
The European Commission has handed out nearly €600 million to eight cross-border energy infrastructure projects, including several for CO2 management, it announced on Thursday.
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Survey adds pressure on SBTi to allow carbon credits for Scope 3 emissions targets
Pressure is mounting on the Science-Based Targets initiative (SBTi) to allow companies to use carbon credits to meet emissions reductions targets, after a survey of corporate big hitters found a healthy majority said it would galvanise meeting their mitigation goals.
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Euro Markets: Midday Update
European carbon prices fell back on Thursday morning as the surge of buying interest that had driven prices back above €65.00 in midweek dried up, while energy markets retreated, encouraging a resumption of more aggressive EUA selling.
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Drax launches US-based carbon removals business
UK power company Drax is setting up a new US-based business unit to develop and build large-scale carbon removal projects internationally, it announced on Thursday.
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UNDP releases guidelines for reform of government subsidies harmful to biodiversity
The United Nations Development Programme (UNDP) has released a new set of guidelines to enable governments to identify and redesign subsidies harmful to biodiversity.
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World Bank issues bond to tackle plastic waste, repaying investors with plastic, carbon credits
The World Bank has issued an outcome bond in partnership with a social enterprise whereby the proceeds will be directed towards reducing and recycling plastic waste, generating plastic and carbon credits to provide a financial return to investors.
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Berlin voluntary carbon startup secures €10 mln in funding round
A Berlin-based startup that offers a digital voluntary carbon market platform has successfully raised €10.3 million in a recent funding round, it said Thursday.
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