Carbon Pulse

UK imports of products made with electricity - such as aluminium and steel - could become more expensive when the country introduces its carbon border adjustment mechanism, even though its coverage is limited to indirect power emissions rather than direct power imports, according to new analysis by the London Stock Exchange Group (LSEG).

The biodiversity data gap must be closed before we start talking about using artificial intelligence (AI) in conservation work, as we don't have the infrastructure for training the machine-learning models yet, a data expert told Carbon Pulse.

European carbon prices settled into a narrow trading range on Friday morning as activity across all markets appeared to diminish, with EUAs moving between the key June call options strike prices and expected to continue to do so in the short term.

While Australian carbon prices were relatively range bound in May, there was a record increase in credits traded under derivative contracts such as forward and options, according to analysts.

Australia’s GHG emissions failed to budge in the December quarter, according to recently published figures, however a significant recalculation in the country’s land use, land use change, and forestry (LULUCF) category sparked concerns from experts.

CO2 allowance prices in China’s national emissions market increased slightly over the past week amid sustained liquidity, with participants remaining eager to learn whether the sectoral expansion plan will be rolled out later this year.

South Korea and Indonesia have signed a Memorandum of Understanding (MoU) on the implementation of projects under Article 6 of the Paris Agreement.

The Brazilian Federal Police (PF)'s investigation into an alleged criminal scheme selling of millions of dollars' worth of fraudulent carbon credits from illegally authorised lands is centring on a major project developer and the country's top offset seller, local media reported Thursday.

The European Court of Justice on Wednesday ruled that incinerators used for hazardous waste do not need to be included in the EU's Emissions Trading System if they are part of larger installations covered by the scheme, provided they only marginally incinerate other types of waste.

California Carbon Allowance (CCA) prices in the secondary market reversed course late Thursday after a week of sliding toward March lows on high ICE futures and options volume exacerbating the technical sell-off, market participants said, while Washington Carbon Allowances (WCA) declined heading into the second quarterly permit sale.

The US Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) will jointly pursue marine CO2 removal (mCDR) research and development, the agencies announced Thursday.

Three of the busiest ports in the UK, a strategic stopover for EU-bound ships to cut down on ETS liability, saw more units and tonnage in Q1 2024 relative to the same period in 2023 as the EU ETS extends to shipping, according to British government figures published Thursday.

A US-based direct air capture (DAC) firm on Thursday announced that it has signed a lease for its first manufacturing site in Arizona to construct modules with a cumulative removal capacity of 2 million tonnes CO2 annually.

The environmental ministry of British Columbia (BC) has released stakeholder feedback on its draft carbon capture and sequestration (CCS) offset protocol that detailed concerns around monitoring periods and leak detection, project eligibility, crediting and stabilisation periods, quantification and verification, and additionality.

Xpansiv has moved quickly out of the blocks to ensure credits are labelled with the ICVCM’s high integrity CCP label after the stakeholder initiative approved eligibility of seven methodologies on Thursday.

More clarity from the government is needed on UK compliance and voluntary nature markets over the next 15 to 20 years, to provide sufficient incentives to ensure large-scale restoration while minimising confusion, non-profit Rewilding Britain said in a report published on Wednesday.

The planned expansion of liquefied natural gas (LNG) infrastructure worldwide is slated to put coastal and marine ecosystems under increasing pressure, according to a study released Thursday, calling on governments and international organisations to ensure biodiversity-rich regions are effectively protected.

More than half of all climate finance from the EU and its member states in 2022 came through non-grant instruments, most of which were loans, although the overall amount of climate finance increased, according to research published on Thursday.

Europe could lose first-mover advantage in the game-changing production of perovskite solar panels, that is set to transform the renewable energy market, because of the allure of incentives in the US Inflation Reduction Act, a leading UK-based manufacturer told Carbon Pulse this week.

Competitive advantages arising from being early movers in biodiversity finance are among the main drivers for businesses considering investments in nature, accounting firm KPMG has said.