Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 10 min ago
Kenya faces $1 billion shortfall for forestry plans over next five years, says Environment ministry
Kenya will face a shortfall of more than a $1 billion to meet its climate change and forestry strategic plan over the next five years, the Ministry of Environment has revealed.
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German steelmaker reports robust quarter but 13% drop in sales year-on-year
German steelmaker Thyssenkrupp reported a 13% year-on-year drop in quarterly global sales amid lower prices, though it said it was targeting the upper range of its full-year forecast after a “robust” quarter in its financial results on Thursday.
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Forester, Domestic Land Use, Ostrom Climate – Remote (Western Canada or Ontario)
The ideal Forester candidate is an accredited RPF in Canada with an enthusiasm for the analytical aspects of forestry management (e.g. forest inventories, forest estate modelling, GIS analysis) and is a excellent communicator. The Forester will support Ostrom’s exciting portfolio of forest carbon offsets projects across North America.
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Southern European heatwave not enough to lift Europe-wide power demand, say analysts
European power consumption slumped 6% compared to historical averages in July despite an uptick in demand from air conditioning across the Southern countries that were struck by extreme heat, according to analysts.
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Airline touts success at curbing non-CO2 climate impact by using AI mapping
A leading airline has been testing AI technology to reduce airplane contrails when flying at altitude, with positive results, suggesting that the technology can be a cost-effective way to help to reduce the climate impact of aviation and potentially also generate contrail reduction-based carbon credits.
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EU greenlights state aid for Germany’s energy-intensive fuel companies at risk of carbon leakage
Germany's energy-intensive companies that are part of the domestic fuel emissions trading system will be partially compensated for any risk of carbon leakage caused by higher fuel prices, as the European Commission approved the €6.5 billion scheme on Thursday.
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Biodiversity Pulse Weekly: Thursday August 10, 2023
A 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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Nature markets need fundamental policy, finance realignment to work, taskforce says
The international economic and financial architecture and policy priorities must be aligned with the goal of advancing an equitable, global nature economy for nature markets to have an impact on any significant scale, the Taskforce on Nature Markets (TNM) said in its final report, released Thursday.
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India on track to meet Paris Agreement goal ahead of time
India is on track to meet its Paris Agreement carbon intensity target ahead of time as reductions are coming faster than previously anticipated, according to media reports.
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CEZ posts 22% drop in ETS-covered fossil generation for H1 as RWE confirms output decline
Czech utility CEZ reported a drop of more than one-fifth year-on-year in its EU coal and gas power output over the first sixth months of the year, in quarterly results published Thursday, joining multiple other Europe-headquartered energy companies in posting much lower generation levels in 2023.
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Euro Markets: Midday Update
European carbon prices clawed back most of the previous afternoon losses in a quiet Thursday morning session, with the rally triggered by the first auction premium in eight days as traders continued to express bafflement at Wednesday's price action.
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UK to host international energy security conference in spring 2024
The UK energy secretary Grant Shapps announced plans to host an international summit on energy security in spring 2024, stressing the need to diversify from fossil fuels and hit climate goals.
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South Korea appoints major project developer to conduct three Article 6 projects abroad
A major carbon project developer in South Korea has been selected by the government to start off three Article 6 projects abroad, as the East Asian country is seeking to acquire international carbon credits and leverage the Article 6 mechanism of the Paris Agreement to realise its climate goals.
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New carbon venture hires former Greening Australia director
A former director of carbon and biodiversity non-profit Greening Australia has been appointed chief operations officer of a new Australian venture which is seeking to rapidly increase the supply of premium, nature-based carbon credits.
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New Zealand foresters call on government to scrap ETS review
A New Zealand forestry group is urging the government to immediately halt its review on the ETS in order to restore stability to the carbon market and provide certainty for forest planning.
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CCS projects should be paid to capture CO2 to help scale sector, gas industry whitepaper claims
Carbon capture and storage could be easily scalable if offered similar cost incentives that have been provided to wind, solar, and EV industries, a gas industry whitepaper has claimed.
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China CO2 emissions soar in Q2 amid extreme weather events -research
China’s CO2 emissions grew 10% annually in the second quarter of the year, bouncing back to the record levels from two years ago as widespread drought saw coal replace hydropower generation, according to analysis released Thursday.
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Australia’s seed industry underfunded, understaffed, and unprepared for surging carbon, biodiversity market demand
Australia’s seed industry is in dire straits and in desperate need of funding to scale up if it is expected to live up to government and industry expectations of widescale ecosystem restoration driven by carbon and biodiversity markets, industry experts say.
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CP Daily: Wednesday August 9, 2023
A daily summary of our news plus bite-sized updates from around the world.
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US govt awards $13 mln to support carbon removal projects
US President Joe Biden’s administration on Wednesday announced it has invested over $13 mln in nearly two dozen carbon dioxide removal (CDR) projects across a variety of different technologies.
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