Carbon Pulse

The German government offloaded a record 358 mln emissions certificates in 2023 under the country's domestic CO2 tax scheme for transportation and heating sectors (nEHS), helping it raise an eye-watering €18 billion from carbon permit sales.

Stakeholders have mixed views about EU plans to make the bloc's dirtiest factories pay for more of their CO2 output by curbing their free allocation under the ETS, consultation responses showed on Thursday.

Paris-headquartered Ofi Invest Asset Management has announced it will exclude companies that produce pesticides, as part of its biocides and hazardous chemicals policy.

Exchange-traded funds have cut their EUA positions to the lowest in nearly two and a half years after a six-month decline in allowance prices that has seen the benchmark front-December futures contract drop by more than 31%.

Germany’s GHG emissions fell to their lowest level in 70 years in 2023, driven by an unexpectedly sharp decline in coal use and a significant drop in output from energy-intensive industries, according to a German think tank, pointing to a bearish outlook ahead for EUAs if this trend continues in 2024.

A forest restoration accelerator will focus on scaling up seed bank networks to generate mass momentum behind the planting of native forests, in a drive to recreate the success of Silicon Valley startups among a new wave of entrepreneurs, and help scale carbon credit generation.

Novel carbon dioxide removals techniques need to play a bigger role in the EU's climate policy, experts are insisting ahead of the release of the bloc's proposed 2040 emissions reduction target.

The UK government must take further action to reach its target of conserving 30% of the country’s land and sea by 2030 (30x30), beyond its national guidance, a society of ecology-focused scientists has said.

European carbon prices were little changed at midday on Thursday, despite gaining nearly €1 earlier in the morning, as weekly data from the two main exchanges showed investment funds had reduced their net short position for a third successive week, while energy markets rose again on forecast colder temperatures.

Portugal has ratified a law that establishes a national voluntary carbon market and the rules for its operation, which it hopes will help protect its forests and safeguard them from fires.

A biocarbon firm has signed a supply agreement to deliver 15,000 tonnes per year to Norwegian company Elkem.

An Indian carbon market industry group on Thursday announced it will collaborate with the Voluntary Carbon Market Integrity Initiative (VCMI) to advance the South Asian nation’s participation in global offset trade and boost quality in the country’s emissions reductions sector.

Saudi Arabia is tendering for 7.2 gigawatts of power to build four gas-fired power plants across two sites, which according to reports use carbon capture and storage (CCS) to offset CO2 emissions.

Sabah state of Malaysia will press ahead with one of its most controversial carbon projects, an official has confirmed, blaming technical issues for the delay in the project launch.

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

GAIT is searching for a highly proficient and seasoned Blue Carbon Consultant to assume a pivotal role within its Blue Carbon team, contributing significantly to the evolution of methodologies for Blue Carbon systems.

A new US-based livestock carbon insetting marketplace has announced its first sale, with the credits generated and transacted within the sector’s supply chain.

Over 25 commenters offered input on proposed amendments to the joint California-Quebec cap-and-trade programme following a November public rulemaking workshop, as multiple observers called for an updated price modelling but provided varied recommendations for adjustments to the scheme.

An infrastructure capital provider announced on Wednesday a $5 million investment towards the development and scaling of a new biochar facility expected to begin production as early as the first quarter of 2024.

Chemical and steel companies expect to relocate their facilities over the coming decades as part of adapting to decarbonisation, a survey conducted last year revealed.