Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 15 min ago
Euro Markets: Carbon climbs back up to €70 ahead of options expiry, before fading
EUAs touched €70 early on Wednesday as data showed the highest ever net short position for funds last week, but prices then eased back as the hotly-anticipated quarterly options expiry passed without fireworks.
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Marine biodiversity credits framework launched by non-profit
A methodology that aims to enable governments to generate marine biodiversity credits from protected areas has been launched by California-headquartered non-profit OpenEarth.
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Germany set to cut climate spending by €45 billion, hike carbon pricing to balance budget
Germany is set to spend billions less than planned on climate and energy transition projects each year to 2027, in order to balance the government budget following a court ruling.
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MSCI: Nature investments to attract billions in 2024 following metrics progress
Improvements in metrics are likely to entice billions of dollars in nature investments across biodiversity, carbon, and water over 2024, an executive at MSCI has said.
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German DAC startup raises seed funding for technology that runs off waste industrial heat
A German cleantech start up has raised €3.2 million in seed funding for its direct air capture (DAC) technology that can be retrofitted to existing cooling towers and waste heat pumps of ETS-covered industrial facilities, keeping onsite development and running costs low.
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BNP Paribas launches fund to finance climate change mitigation
BNP Paribas Asset Management said on Wednesday that it has launched a new fund designed to finance energy transition projects across Europe.
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COP28: Reactions to the UAE Consensus on Global Stocktake, other outcomes in Dubai
Here are selected party, stakeholder, and expert reactions to the UAE Consensus on the Global Stocktake (GST) and other outcomes at COP28 climate summit in Dubai, which wrapped up Wednesday.
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SK Markets: Korean monthly auction fails again to sell as demand remains weak
South Korea’s latest monthly CO2 auction again sold only a limited share of the permits on offer, as the market continues to struggle with lukewarm demand amid policy uncertainties.
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Carbon removals registry unveils methodology for geological storage
Startup registry Isometric said on Wednesday that it has developed a new protocol for permanent carbon removal using bio-oil geological storage, and plans to unveil three more protocols over the next three months.
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South Korea revamps current allowance allocation plan for domestic ETS
The government of South Korea has made official revisions to the allowance allocation plan for the domestic carbon market during the current phase (2021-25) to reflect the country's new emissions reduction targets and improve liquidity.
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African projects earn accelerator status, eye biodiversity credits
The first African biodiversity accelerator has picked two initial winners, both forestry projects in the process of exploring options in the biodiversity credit market.
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COP28: Global Stocktake avoids fossil phaseout language in historic final text, but paves way forward
A final negotiating text on the first ever Global Stocktake (GST) of the Paris Agreement was published on Wednesday at COP28, urging a "transition away from fossil fuels in an equitable manner" but crucially avoiding the stronger 'phaseout' language seen in earlier versions, though many see the outcome as marking a step in the right direction and "moving the needle" in the fight against climate change.
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CP Daily: Tuesday December 12, 2023
A daily summary of our news plus bite-sized updates from around the world.
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US academia map gigatonne CDR potential
Researchers from more than a dozen US institutions have completed a first-of-its-kind assessment of national carbon dioxide removal (CDR) opportunities required to achieve a net zero economy by 2050.
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Texas seeks proposals for funding in nature-based projects
Texas Parks and Wildlife Department (TPWD) has begun solicitation of proposals from public and private entities for nature-based carbon sequestration initiatives, the agency announced Tuesday.
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COP28: Carbon credits to take central role in energy transition through new initiatives
A form of carbon credit centered around funding the green energy transition in emerging economies took on newfound importance at COP28 in Dubai with the launch of multiple initiatives on the sidelines of the climate conference.
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COP28: Countries reject key Article 6 texts in a major setback for markets under the Paris Agreement
Country negotiators have failed to adopt two key texts on carbon crediting methodologies and international trade on the final scheduled day of COP28, throwing the future of markets as a climate solution under the Paris Agreement into turmoil.
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US data marketplace signs African forest protection lease worth +100 mln carbon credits
A climate technology firm backed by a US billionaire investor announced Tuesday the signing of an agreement to preserve hundreds of thousands of hectares of an African nation’s vast rainforests and peatlands in exchange for conservation credits.
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Policy Advisor, Prairies Region, Nature United – Manitoba/Saskatchewan/Alberta
The Policy Advisor, Prairies Region is Nature United’s lead in developing and implementing strategies to advance provincial and sometimes municipal government relations in Manitoba, Saskatchewan, and Alberta and achieve Nature United’s conservation goals through public policy, funding, and programming.
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COP28: Norway pledges $50 mln for Brazil Amazon Fund
Norway has pledged to donate $50 million to Brazil's Amazon Fund to help conserve the rainforest region, its first contribution since 2019.
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