Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 38 min ago
Brazil ETS legislation will pass Congress before COP30, govt official says
Brazil's national cap-and-trade legislation will pass Congress by the time the country hosts the COP30 UN climate summit in 2025, a government official said Wednesday.
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Canadian carbon credit investor seeks Nasdaq listing via merger
A Vancouver-headquartered environmental asset investor on Thursday announced it is aiming to combine with another company in order to pursue a listing on the US-based Nasdaq Stock Exchange.
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COP28 boss urges use of every tool available to decarbonise hard-to-abate industries
Governments should use all means necessary for decarbonisation, said the president of the upcoming COP28 UN climate summit, Sultan al-Jaber said on Thursday while unveiling his long-awaited plan for the meeting.
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Australia should drop bill to allow international CO2 transport and storage, think-tank says
New analysis has warned against Australia adopting legislation to allow the transboundary transport and underground storage of CO2, claiming it will encourage more investment in CCS, which the analysts argue is a failed technology that must be abandoned.
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More than 3/4 of US Gulf of Mexico oil and gas production displays lower-than-average GHG intensity for basin -analysts
More than three-quarters of all oil and gas production in the US Gulf of Mexico features lower greenhouse gas intensity than the average for the basin, according to a new analysis.
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Making water from carbon: Big investors pledge over $80 mln towards California firm’s hybrid DAC technology
A California-based startup that produces water from removed CO2 has signed strategic partnerships with ConocoPhillips, JetBlue Ventures, and Shell Ventures, securing more than $80 million in multi-year investments towards developing its innovative technology.
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Europe’s shipping emissions rise 3% to hit three-year high -report
European shipping emissions rose 3% year-on-year in 2022 though remained below pre-pandemic levels, according to analysis published on Thursday that shows LNG-carriers and cruise ships to be the main drivers of the increase for the sector due to face ETS obligations from next year.
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EU awards €3.6 bln from ETS-financed Innovation Fund, increases pot for the next call
The European Commission on Thursday announced the results of the third call for large-scale projects under the bloc’s EU ETS-financed Innovation Fund, with €3.6 billion being disbursed to 41 clean tech activities.
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Euro Markets: Midday Update
European carbon prices resumed their week-long rally on Thursday morning after the previous session's interruption, as traders began to factor in the annual reduction in auction supply due next month and continued to shrug off bearish fundamentals highlighted in recent analyst reports, while energy markets eased for a fourth day.
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Green growth could secure $400 bln a year for Indonesia, including as a potential “frontrunner” in nature carbon projects -report
Indonesia could earn as much as $400 billion annually by 2030 in industry revenue and carbon credit sales if it optimises its massive green growth potential, according to a report released Thursday.
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Biodiversity Pulse Weekly: Thursday July 13, 2023
A 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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Asiana Airlines partners with local NGO to provide carbon offsetting programme for passengers
South Korea's second-largest airline has partnered with a domestic NGO to provide a voluntary carbon trading platform for its passengers, a move that it expects to help reduce emissions in the aviation sector.
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UAE developer, exchange set eyes on rolling out regional carbon markets in Middle East and North Africa
A Dubai-based carbon project developer and a Singapore-headquartered exchange have partnered with the ambition to develop Paris-aligned Article 6 carbon markets across the Middle East and North Africa.
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FEATURE: NZ biodiversity market needs careful consideration, groups say, but have little faith in the govt to deliver it
Stakeholders are reacting cautiously to the government’s proposal to establish a national biodiversity market in New Zealand, saying that it is a good idea in principle, but the government’s handling of the existing carbon emissions trading scheme gives some little faith in Wellington to administer such a programme.
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SK Market: First monthly auction for KAU-23 fails to sell out with clearing price reaching new low
South Korea's first monthly CO2 auction for the current compliance cycle sold less than 40% of the permits on offer, with the clearing price dropping to a new low amid continued bearish market sentiment due to a lack of policy direction.
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CP Daily: Wednesday July 12, 2023
daily summary of our news plus bite-sized updates from around the world.
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South Africa’s 2030 renewables goal looks out of reach -analysts
South Africa's goal to achieve 41% renewable energy in its power mix by 2030 looks increasingly difficult, analysts said, with projections showing that only 20% will be carbon-free by the end of the decade.
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The Amazon savannah: Deforestation, climate change, and fire threaten to irreversibly alter world’s largest rainforest, study warns
The Amazon rainforest could irreversibly transition to savannah or grassland due to the compound effects of deforestation, climate change, and more fires, a new study warns.
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INTERVIEW: Startup seeks broader revenue base than carbon for nature projects in Africa
A Berlin-based startup is approaching several sub-Saharan African governments with the aim to develop nature-based conservation and restoration projects, seeking to tap multiple revenue streams including carbon finance to deliver more resilient outcomes.
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COMMENT: Viridios AI analysis reveals voluntary carbon price drivers
It’s been a rollercoaster ride for carbon markets over the past 12 months, with policy changes and ongoing scrutiny seeing some of the most historically stable voluntary carbon credits facing price pressure. The latest analysis from Viridios' AI-powered carbon credit pricing platform VAI shows that despite some negative market sentiment certain methodologies and geographies continue to trade at a premium.
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