Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 35 min ago
NBS Associate, Hydrology and Peatlands, ecosecurities – SE Asia (Thailand, Indonesia, Malaysia, or Philippines preferred)
The NBS Associate (Hydrology and Peatlands) will lead the technical development of an exciting peatland conservation and restoration project in Thailand and provide hydrological and other technical advice on other blue carbon and peatland projects across Southeast Asia. This mid to senior-level role reports to the Asia-Pacific Head of NBS.
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EU carbon removal bill set to pass first Parliament hurdle as lawmakers keep options open
The EU's first draft legislation defining a framework for certifying carbon removals is set to pass comfortably in Tuesday’s vote in the European Parliament’s cross-party environment committee, according to multiple sources close to the file, with lawmakers supportive of enabling a wide range of methods to be deployed.
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Euro Markets: Midday Update
European carbon prices dropped to a two-week low amid a continuation of last week's sell-off, as sources pointed to a lack of further escalation in the ongoing conflict in the Middle East and continental temperatures slightly above seasonal norms, as key bearish factors on Monday.
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Taiwan eyes algae cultivation as carves out blue carbon portfolio
Taiwan is developing a methodology for carbon credits generated from algae cultivation activities following the completion of a government-backed pilot project, as part of the government's efforts to explore the potential of blue carbon.
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I-REC deal seen to support introduction of biomethane in Australia’s Safeguard Mechanism
A deal announced Monday means Australia is closer to offering renewable energy certificates for natural gas as a way for industries to decarbonise and meet their obligations under the Safeguard Mechanism, according to an involved consultancy.
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Singapore, UAE shore up bilateral climate ties, eyes on carbon markets
Singapore and the United Arab Emirates have committed to deepening their collaboration on climate change issues with the signing of a joint agreement in Abu Dhabi, including a shared ambition on progressing carbon markets.
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Australia has the world’s widest energy price swings, analysts find
Australia has the widest and wildest price swings of close to 40 electricity markets globally, according to new research, which suggests a large amount of energy storage is needed to balance the market in coming decades.
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Half of EU member states’ subsidies for fossil boilers could decarbonise the bloc’s heating by 2040 -report
Redirecting half of EU member states’ money that currently goes to subsiding fossil fuel heating to heat pumps could fully decarbonise heating in the EU by 2040, an NGO concluded in a report published on Monday.
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Carbon markets veteran remains unconscious in London hospital two months after cycling accident
Margaret Ann Splawn, a London-based carbon markets veteran, remains unconscious in hospital after a cycling accident two months ago.
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Philippines govt signs nature-based solution partnership with energy firm
The Philippines Department of Environment and Natural Resources (DENR) has formalised a biodiversity and climate change agreement with a major renewable energy firm in a bid to drive larger private-sector investments into nature-based solutions.
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CP Daily: Friday October 20, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Emitters continue to build V23 CCA, RGA holdings while financials roll positions onto V24s
Compliance entities continued the trend over the last month of growing V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings while reducing V24 net length, as speculators continued to build V24 net positions, US Commodity Futures Trading Commission (CFTC) data showed Friday.
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US CO2 pipeline developer scraps project, as regulatory challenges persist for the industry
A carbon pipeline project developer on Friday cancelled its plans to transport and bury CO2 from biofuels production across the US Midwest, as issues with state permitting agencies and landowners impact yet another entity.
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Grassland CO2 stocks may shrink as plant biodiversity decreases -study
The loss of plant biodiversity in global grasslands can cause terrestrial carbon stocks to wane, with the reasoning behind the phenomenon going against researchers’ original hypothesis, according to a study published Thursday.
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Climate tech company launches AI product to speed carbon project development
A climate tech startup has launched Friday an artificial intelligence (AI) product that aims to speed up and pare down the cost of carbon project development documentation, by using downloaded data from thousands of previous examples in the market.
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UN climate loss and damage talks run late over World Bank involvement
Talks to set up a UN facility to compensate for climate-related loss and damage ran deep into overtime on Friday as developing nations united in opposition to a US idea to have the World Bank host the vehicle.
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Long-serving carbon market stalwart leaves Xpansiv after nine years
The managing director of advisory firm Carbon Financial Services (CFS) and former head of global carbon at exchange platform CBL, both owned by Xpansiv, has announced he is leaving the market infrastructure company after nine years.
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INTERVIEW: Shipping’s decarbonisation under threat from lack of alternative fuels, says industry
The shipping sector’s decarbonisation hinges on the availability of low-carbon fuels, the secretary general of one of the largest global shipping organisations told Carbon Pulse, while also advocating a 'carbon contribution factor' to be promoted at upcoming high-level climate talks.
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Without safeguards, Germany faces looming fuel price crisis amid transition to EU ETS2, think-tank warns
Germany is at risk of seeing a potentially dramatic spike in fuel prices in 2027 should the country’s domestic carbon pricing system transition to the EU ETS2, a think-tank has warned.
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FEATURE: Voluntary carbon market mulls future ahead of crunch Article 6 crediting talks
As observers hope for clarity about crediting carbon projects under Article 6 of the Paris Agreement at the fast-approaching COP28 climate talks, key players in voluntary carbon are weighing up how the embattled market may fit alongside the UN mechanism.
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