Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 20 min ago
FEATURE: UAE-based firm chalks up secretive carbon credit development deals, raising integrity concerns
A UAE-based carbon project developer has drawn global focus in signing over a dozen confirmed agreements to source carbon credits from African, Latin American, Caribbean, and Asian countries since the company’s launch a year ago, according to an assortment of sources that raised multiple concerns about overly vague or opaque dealmaking
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Environmental trading platform seeks views on new watershed carbon credit methodology
A blockchain-based environmental trading platform has opened a public comment window for its newly developed credit class and methodology for watershed carbon, it announced Monday.
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US government proposes “first of its kind” national old growth forest conservation plan
The US Department of Agriculture (USDA) announced Tuesday that it is proposing changes to forest management plans across all national parks and grasslands in an effort to conserve and steward old growth forests, a move hailed by environmental groups as an important first step.
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Belgium seeks to use time at helm of EU to wrap up Green Deal ahead of 2024 elections
The soon-to-be Belgian EU presidency aims to conclude work on the bloc's mammoth Fit for 55 climate policy package and set the stage for post-2030 emissions cuts in time for elections that will signal the start of the new five-year political term.
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Biodiversity Pulse: Tuesday December 19, 2023
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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Global environmental consultancy bolsters voluntary carbon markets team with four senior hires
A major global environmental consultancy has hired four voluntary carbon market specialists to bolster its growing team.
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Crypto asset manager launches bitcoin ETF with carbon allowance component
A crypto asset management firm targeting ESG investors is launching a new bitcoin exchange-traded fund (ETF) with a 20% carbon allowance component, in an effort to create a 'carbon-neutral' investment offering in the crypto market.
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INTERVIEW: Mining companies want biodiversity credits to make nature positive claims
Mining companies want biodiversity credits to enable them to go beyond offsetting to make nature positive claims, according to an executive at UK-headquartered The Biodiversity Consultancy (TBC).
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Millions of Article 6 carbon credits up for sale in February auction
Up to 10 million forward carbon credits from three host nations that will be authorised for corresponding adjustments, known as ITMOs, could be for sale in February in an auction, it was announced Tuesday.
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EU awards €65 mln from ETS-financed Innovation Fund to clean tech projects
The European Commission on Tuesday announced the results of the third call for small-scale projects under the bloc’s EU ETS-financed Innovation Fund, with €65 million being disbursed to 17 clean tech activities.
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Euro Markets: Midday Update
The Dec-24 EU Allowance contract began its stint as the benchmark contract with a steady morning on Tuesday, trading in a €1 range slightly below where it ended on Monday as energy markets gave up their gains from the previous session as traders appeared to decide the rally had been overdone.
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Singapore publishes list of eligible international carbon credits, limited to PNG only for now
Singapore on Tuesday published its long-awaited list of eligible carbon credit standards for domestic buyers when the Ministry of Sustainability and the Environment (MSE) and the National Environment Agency (NEA) published the Eligibility List under the International Carbon Credit (ICC) Framework, which currently is limited to projects in Papua New Guinea only.
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Merchant shipping carrier installs suction sails for reduced CO2 emissions and fuel use
A global crop trader is retrofitting one of its chartered vessels with four wind-powered ‘suction sails’ in a move to reduce fuel consumption and curb CO2 emissions, following a suite of other cargo operators also benefitting from emissions-slashing sails.
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Trading house partners with two Japanese firms for drone-supported forestry offset project
A major Japanese trading house has partnered with two firms to create the first forestry-based J-Credits using drones for the MRV process, the company announced Tuesday.
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Group of seven European countries agree to decabonise their power sectors by 2035
A group of seven European countries have agreed to jointly decarbonise their electricity systems by 2035, they announced late on Monday.
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ACX joins Vietnamese real estate heavyweight to explore carbon markets
ACX and Vietnamese player CT Group will explore building a carbon credit trading platform in the nation after signing a Memorandum of Understanding (MoU) at the beginning of the month, which was announced Tuesday.
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NSW biodiversity market “not performing well”, needs overhaul, report says
An independent government body has outlined five areas where New South Wales’ controversial state biodiversity market scheme could improve in a report published Tuesday.
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AZEC meeting commits to energy transition, plans for gas use along the way
Japan, Australia, and the Association of Southeast Asian Nations (ASEAN) held the second Asian Zero Emission Community (AZEC) Summit over the weekend, just days after the COP28 summit wound up, committing to tackling climate change as a common global challenge while ensuring energy security and mitigating geopolitical risks.
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UN confirms Colombia as host for 2024 biodiversity COP
Next year’s COP16 will be hosted by Colombia, the UN Convention on Biological Diversity (CBD) has confirmed.
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Australia’s Clean Energy Regulator taps fintech firm to develop unit register, working with ASX on national exchange
Australia’s Clean Energy Regulator (CER) has contracted a technology solutions firm to develop a unit and certificate register, as it works with the country’s stock exchange to develop a national carbon exchange.
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