Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 45 min ago
European new vehicle CO2 emissions drop for third year as EV registrations surge
Average CO2 emissions of new cars and vans in Europe dropped for a third consecutive year in 2022, according to provisional data published Tuesday, with pure EVs or hybrids representing nearly one in four car registrations.
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Euro Markets: Midday Update
European carbon climbed to a three-day high on Tuesday as the market began to focus on Wednesday's June options contract expiry and also drew support from renewed strength in natural gas.
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Voluntary carbon firms forge ties to de-risk investments for both sellers and buyers
Voluntary carbon market actors are teaming up to help de-risk investments, with two firms developing jurisdictional-level policy risk assessments for carbon credit buyers while two more work on getting early-stage project development to be comprehensive enough to insure.
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China softens rhetoric on CBAM, though next step remains uncertain -analysts
China appeared to strike a milder tone regarding its opposition to the EU's carbon border adjustment mechanism (CBAM) at this month's WTO talks, though the country's next step against the planned carbon border measure remains unclear, according to analysts.
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Australian govt’s nature repair market bill in doubt after Coalition reverses its support
Australia’s world-first nature repair market legislation is in jeopardy following the opposition Coalition’s decision to withdraw its support.
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Multilateral development banks roll out Paris-aligned methodological principles
The world's ten major multilateral development banks (MDBs) have published a set of joint methodological principles to ensure the alignment of their new operations and financial flows with the mitigation and adaptation goals of the Paris Agreement.
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Australia Market Roundup: Half of over 1 mln ACCUs issued go to HIR projects, as electricity boss calls for more renewables investment
The Clean Energy Regulator has issued some 1.1 million Australian Carbon Credit Units (ACCUs), the largest single issuance in 2023 thus far and with human-induced regeneration (HIR) projects back among recipients, as the head of Australia’s energy market warned the country is not investing in renewables fast enough in line with its climate goals.
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CP Daily: Monday June 19, 2023
A daily summary of our news plus bite-sized updates from around the world.
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NZU price plummets following ETS consultation release as fatigue, election uncertainty set in
Policy observers and market participants have welcomed some of the policy options raised by the New Zealand government’s proposed overhaul of the ETS, but say it will do little to allay the uncertainty in the market ahead of the national election.
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Electricity lobby calls on the EU to set “realistic” 2040 climate targets
The EU climate targets for 2040 must be ambitious but realistic, according to the bloc's power market association Eurelectric, which advocated a goal less ambitious than those of the bloc's climate science advisors.
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Singapore-based blockchain infrastructure provider launches carbon, REC exchange
InterOpera, a blockchain infrastructure provider backed by Vertex Ventures, Kakao Investments, and Korea Investment Partners, has launched a carbon credit and renewable energy certificate exchange platform.
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Munich Re launches EU carbon institutional investment product
Reinsurance giant Munich Re is offering a new institutional investment product based on the EU carbon market.
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US forest data could become widely available under new bill
A bill to make the US Forest Service’s forest inventory analysis programme (FIA) easily accessible to the public was introduced to both houses of Congress by a bipartisan team of representatives and senators over the past month.
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Vitol-Nigeria JV signs credit offtake deal with Saudi voluntary carbon firm
Carbon Vista, a joint venture between the Nigeria Sovereign Investment Authority (NSIA) and energy and commodity trader Vitol, has signed deal with Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) to channel climate finance into Nigeria.
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EU nations fail to agree power market reforms after coal subsidy clash
The EU’s 27 national energy ministers failed to agree a unified stance on the bloc’s electricity market reform proposal on Monday as several nations refused to extend subsidies to coal power plants due to climate concerns.
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VCM Report: REDD prices tick higher, while higher values heard for specific nature-based removal projects
REDD+ avoided deforestation prices continued to tick higher over the past week, but the avoidance credit market was a mixed bag of slight falls and gains as the overhang of available credits continued to grow, although nature-based removals commanded high prices.
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COMMENT: Human rights due diligence and the role of carbon offsetting
The problem with carbon offsetting as a means for companies to bear responsibility for their emissions is not the concept itself, but its current implementation. Rather than limiting the use of carbon offsetting by banning terms like “carbon neutral”, policymakers should drive forward reforms to improve the quality of the carbon market, writes Lasse Leipola of Finnwatch.
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Voluntary carbon market to treat CCP credits as a “minimum bar”, says exchange boss
The voluntary carbon market will consider credits tagged as aligning with the core carbon principles (CCPs) as a "minimum bar" on which to build, according to the CEO of an exchange.
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INTERVIEW: In biodiversity, more private finance must mean more state oversight
The ecological success of the voluntary biodiversity credit market will be almost entirely determined by the quality of the governance mechanisms and the measurement methods used, according to a leading biodiversity finance researcher.
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Business Development Manager Carbon and Biofuels Sales, Origin – Melbourne
This role will be responsible for developing and deepening customer relationships in parallel with managing the Carbon and Biofuels sales funnel with a focus on the lead to contracting process.
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