Carbon Pulse

The International Advisory Panel on Biodiversity Credits (IAPB) has launched its second consultation on the emerging biodiversity market, seeking to gather views on possible basic models.

China’s national carbon market saw allowance prices reach a fresh high again over the past week but with lower trading volumes, as observers expect tighter allocation of permits in the upcoming market plan.

A Danish environmental consultancy has released an open-access metric to measure the biodiversity value of sites in the Americas, seeking to inform restoration projects as well as supporting corporate disclosures on nature-related impacts and dependencies.

New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.

A state-owned water supplier in South Korea has secured partnerships with two Central Asian countries as it seeks to explore the potential of emissions reduction projects using renewable energy in the region.

Temasek subsidiary GenZero has partnered with the Voluntary Carbon Markets Integrity Initiative (VCMI) to substantiate the use case for technical products such as Sustainable Aviation Fuel (SAF) certificates and understand their potential role in high integrity carbon market infrastructure.

A major Japanese energy company has signed an initial agreement with India's biggest renewable energy firm on ammonia supply, the second such deal in recent months for a fuel deemed by the Indian government as eligible for export under Article 6 of the Paris Agreement.

An independent review of the link between sovereign debt and climate change is being launched by experts at the IMF and World Bank Spring Meetings on Saturday. 

A bill introduced by the Colorado House of Representative lawmakers to legislate a cap-and-trade system in the state on Thursday passed a committee amid polarising stakeholder sentiments.

En route to carbon neutrality at the end of the decade, US tech giant Apple plans to offset 25% of emissions across its value chain with voluntary carbon credits, it said in a progress report released Thursday.

Superannuation fund UniSuper on Friday announced a $400 million investment in the Macquarie Green Energy and Climate Opportunities Fund (MGECO), which invests in renewable energy and nature-based solutions.

European low-cost airlines paid around €18/tonne on average to pump out more CO2 than ever last year, even though emissions for the continent’s aviation sector as a whole remain below 2019 peak levels, according to a study released Friday.

California Carbon Allowance (CCA) prices fluctuated throughout the week, ending with minimal gains as traders await next week's workshop on potential programme amendments, while Washington Carbon Allowance (WCA) values crawled higher amidst limited activity in the under-fire scheme.

The US Department of Energy (DOE) on Thursday unveiled $8 million in funding for 14 projects that convert CO2 emissions from industrial processes into useful products.

Negotiations on Article 6 of the Paris Agreement are expected to be influenced by the private sector and geopolitics, as parties prepare for a 'bridge' climate conference in Azerbaijan, a UN advisor said on Thursday at IETA’s annual European Climate Summit in Florence said.

UK energy firm Drax Group has made another step in becoming a US leader in carbon removals through bioenergy with carbon capture and storage (BECCS) after firming up a reported $600,000 deal with an environmental consultancy.

Farms in England are set to see substantial falls in business income due to dwindling commodity prices, sharper subsidy cuts following Brexit, and increased competition from cheaper imports, while uptake of natural capital payment alternatives is still lacklustre, industry experts said on Thursday.

Carbon removal experts expressed frustration this week at news that the EU’s carbon removal methodologies will not yield carbon removal units with the bloc’s stamp of approval until likely 2027.

Brazil should lead G20 efforts in developing globally recognised standards for nature-related disclosures, non-profit CDP has said, as the country considers mandating compliance with target 15 of the Kunming-Montreal Global Biodiversity Framework (GBF).

Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.