Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 40 min ago
China’s thermal power growth outpaces total output in 2023, coal production hits record high
Growth in China’s thermal power generation in 2023 outpaced the growth of total power output amid continued coal expansion and a shaky economic recovery in the world's biggest emitting nation, government data showed Wednesday.
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Voluntary carbon marketplace partners with another credit ratings agency
A UK-based voluntary carbon credit marketplace announced another partnership with a ratings agency on Wednesday.
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Malaysian developer launches avoided deforestation methodology
A Malaysia-based carbon offset developer has launched an avoided deforestation methodology for project developers to create high-quality carbon credits through the protection of forests.
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Report finds 92% of firms do not have net zero target in place
A large voluntary carbon market project developer and advisory firm has found that the vast majority of surveyed companies still do not have a net zero emissions target in place, with 'greenhushing' seen as an increasing trend, in a report published this week.
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Dutch project developer upgrades carbon credit issuance outlook
A Dutch carbon project developer has updated its credit pipeline outlook, marking a 58% year-on-year rise with delivery volume reaching 1.8 million tonnes in 2030, it said in an update.
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Korean water utility to develop direct air capture pilot
A state-owned water supplier in South Korea has teamed up with a California-based company for a pilot project developing direct air capture (DAC) installations, which the companies claimed to be the world’s first-of-its-kind facility for water recovery and carbon removal using a seawater desalination plant.
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Nestle, partners progress ACCU project as part of global reforestation programme
Global food and drink conglomerate Nestle has planted 350,000 trees at an estate in southeastern Victoria that will earn Australian Carbon Credit Units (ACCUs), as part of a broader worldwide reforestation effort.
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Philippines govt weighs carbon pricing instruments
The Philippines has concluded a technical working group with the World Bank in preparations for the introduction of carbon pricing instruments, though the timeline for policy progress still remains unclear.
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INTERVIEW: RECs to be major component of STX Asia-Pac expansion
Amsterdam-headquartered STX is expanding its presence in the Asia Pacific from the Singapore headquarters it established in 2021, seeing a strong pipeline of growth with a focus on renewable energy.
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Jarden Head of Commodities “on gardening leave” as merger looms
The head of New Zealand's Jarden Commodities has left the company and is currently on “gardening leave”, as parts of the wider company is set to merge with several financial entities.
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CP Daily: Tuesday January 16, 2024
A daily summary of our news plus bite-sized updates from around the world.
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Davos 2024: Nature-based marketplace launches award to combat biodiversity loss
A nature-based annual award worth CHF 100,000 ($116,100) will aim to scale a minimum of 100 nature-positive startups by 2030, World Economic Forum attendees heard Tuesday.
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More affordable path to direct air capture and storage charted by researchers in Nevada desert
A new study has found that off-grid direct air capture and storage (DACS) systems can significantly reduce carbon emissions when powered by renewable energy sources like solar and integrated with heat pumps and battery storage.
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New Mexico lawmakers once again unveil clean transportation fuel legislation
New Mexico state representatives this month introduced legislation for a clean fuel standard that aims to mandate a reduction in transportation fuel carbon intensity (CI) beginning July 2026, following previous similar but unsuccessful attempts.
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Verra details initial outline of revamped rice farming carbon offset methodology in wake of controversy
Verra provided early-stage details and a preliminary outline of a new Verified Carbon Standard (VCS) methodology for reducing emissions from the cultivation of rice in a webinar Tuesday, as the international standard seeks to replace a formerly popular but now discredited Clean Development Mechanism (CDM) methodology that prompted integrity concerns last year.
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CFTC enforcement could chill voluntary carbon market, California AB 1305 takes effect amidst ambiguity -experts
Legal experts discussed the potential that enforcement action by the US Commodities Futures Trading Commission (CFTC) against carbon trading misconduct could place a damper on the voluntary carbon market (VCM), while the rollout of California’s climate disclosure bill is mired in ambiguity.
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ACR issues first credits targeting methane-leaking orphan oil and gas wells
American Carbon Registry (ACR) issued the first credits from its new protocol aimed at plugging abandoned oil and gas wells to an Oklahoma-based project developer.
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Biodiversity Pulse: Tuesday January 16, 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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Amazon needs $2.5 billion a year for reforestation, Colombian president says
Some $2.5 billion per year is needed to revitalise deforested lands in the Amazon basin, the Colombian president has said, as his government prepares to host UN biodiversity talks later this year.
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FEATURE: UK lawmakers question BECCS plans on eve of approval
Several lawmakers belonging to the governing British Conservative Party have expressed concern over integration of carbon capture technology with a wood-burning power plant, as well as the possible deployment of hundreds of millions of pounds in subsidies towards the facility that underpins one of the world's biggest removals projects.
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