Carbon Pulse

Weekly trading volume in the Chinese carbon market has dropped to the lowest level since mid-June with prices barely moving, while the offset market this week saw liquidity increase amid heightened expectations for policy progress.

A US-headquartered joint venture is set to expand access to its software models in a bid to underpin investments in nature capital and corporate assessments under the Taskforce on Nature-related Financial Disclosures (TNFD) framework, its co-founder has said.

A German biochar firm has partnered with a British carbon removals startup to develop a facility on an industrial site in the north of England.

A major industrial firm in Japan has teamed up with a domestic utility to accelerate the development of next-generation CO2 capture technology, with a pilot project set to become operational in 2025.

A frontrunner group in Indonesia’s presidential election has told local media they would introduce the country’s much-delayed carbon tax, as a government official said the tax would unlikely come into effect until 2025, according to an industry source.

A Singapore-based nature-based solutions company is expanding in the Southeast Asia region, aiming to begin offering credits from its projects by next year.

Increased economic activity and the removal of the Clean Car Discount (CCR) scheme is likely to see an increased demand for NZUs, according to Salt Fund Management’s Carbon Fund, as its value continues to recover.

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

California Carbon Allowance (CCA) prices again broke all-time records this week, although on notably smaller volumes, while Washington Carbon Allowance (WCA) prices continued to decline with a dearth of market activity.

A UK-based global mining company is backing a Chilean developer presenting what it claims to be the nation's first blue carbon offset project, developed alongside a university and aquacultural innovation centre.

Over 100 Vermont legislators have sponsored two companion bills targeting the fossil fuel industry to compensate for their greenhouse gas (GHG) emissions, with the resulting revenues to be used for climate infrastructure developments in the state.

The US Department of Energy (DOE) on Wednesday confirmed signage of the $1.1 billion credit payment to extend the operation of California’s Diablo Canyon power plant in pursuit of a carbon pollution-free electricity sector by 2035.

A US academic institution that was recently awarded Department of Energy (DOE) funding, will receive assistance from a global building materials manufacturer and a technology research firm to scale its industrial carbon capture initiative.

Over two dozen insurers and reinsurers have stated that they have no plans to offer insurance to a controversial proposed oil pipeline in East Africa, according to a coalition of environmentalist groups opposing the project.

US Senate Commitee on Environment and Public Works approved the PROVE IT Act on Wednesday, which seeks to gather and compare emissions data from the production of a variety of products in the US and a number of other countries.

The vast majority of the European Parliament's members called on the European Commission to unlock geothermal energy across the bloc, in a vote in Strasbourg on Thursday.

EU parliamentarians have “blindly followed the Science Based Target initiative (SBTI)” after voting to endorse an EU deal to ban misleading carbon neutral claims if they rely on carbon credits, a lawyer warned Thursday.

A carbon credit insurance startup has teamed up with a digital carbon sales platform to offer pre-insured carbon credits, aiming to promote transparency regarding potential risks to buyers in the  voluntary carbon market (VCM).

Carbon border adjustment mechanisms (CBAMs) are second best compared with a global carbon price, Norway’s foreign minister Espen Barth Eide told delegates at Davos on Thursday.

Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.