Carbon Pulse

The Alberta Technology Innovation and Emission Reduction (TIER) programme recorded the highest transaction activity in May as the 2023 compliance deadline approaches, while assessed spot prices declined, according to a report published Monday.

Buyers from new sectors are preparing to ramp up investment in novel carbon removals that would alter the current profile of corporates purchasing engineered-based units, long dominated by large technology firms, despite credit costs still well into the hundreds of dollars per tonne.

Argentinian oil and gas (O&G) producers are open to greening their operations but seek marginal, not transformational change, according to industry representatives and a public official speaking at the Argentina Carbon Forum in Buenos Aires.

The Climate Action Reserve (CAR) standard’s pending protocol to tackle emissions from Argentina’s vast beef herds and other livestock cannot be implemented in a scientifically robust way under local conditions, an applied scientist at a national research institute told Carbon Pulse on Tuesday at the Argentina Carbon Forum in Buenos Aires.

A developer of clean cooking appliances and carbon offset projects has received authorisation to begin carbon projects in Malawi, it announced on Wednesday.

Offtake agreements could play a critical role in bridging the financing gap in the carbon dioxide removal (CDR) market, provided that they include detailed information on pricing as well as safeguards for buyers and investors, according to a new report.

The Council of EU member states is working to adopt its position on an anti-greenwashing law proposed by the European Commission, with the latest text seen by Carbon Pulse clarifying further requirements for companies to back up climate-related claims that rely on carbon credits.

Direct electrification of process heat used to make steel, chemicals and other industrial goods could meet 90% of the remaining energy demand from European industry that has not yet been electrified by 2035, according to a new study.

The EU ETS has helped bring down emissions from power and industry by 47% since 2005, and the money raised each year through the auctioning of carbon permits brings in a substantial amount of income to the bloc, with billions channeled towards clean energy projects, data shows.

Human-induced global warming is rising faster than ever, leaving the smallest remaining carbon budget for 1.5C on record, an international group of researchers calculated.

Increasing funding in natural capital over the next six years could deliver more than 20 times the return on investment, while bridging the nature finance gap could generate trillions of dollars in earnings, a report revealed on Wednesday.

European carbon prices were modestly weaker at the end of Wednesday morning after earlier volatility had seen the market swing in a more than €2 range, as traders reacted to choppy natural gas movements and Commitment of Traders data that showed investment funds had increased their bearish bets last week.

Argentina's President Javier Milei has proposed an ETS and promoted administrative reshuffling, including of climate-adjacent agencies, as part of his government’s attempt to overhaul the country's economy, but pushback to his flagship legislation, acute financial constraints, and risk aversion in the voluntary carbon market (VCM) threaten his plans.

A group of West African countries has appealed to the Science Based Targets initiative (SBTi) to include a provision for carbon offsetting within its net zero guidance to companies, saying that credit revenues are crucial to supporting communities and conservation efforts.

China is on track to surpass its 2025 green hydrogen production target already this year, according to research released Wednesday.

Verra has inactivated all afforestation, reforestation, and revegetation (ARR) modules under its VM0007 REDD+ methodology framework, it announced this week.

Two Japanese companies announced Wednesday they had joined in an alliance that will seek to generate carbon credits from renewable energy projects, including potentially under the Joint Crediting Mechanism (JCM).

The government of Thailand is planning to impose a carbon tax on the nation by 2025, the country’s Excise Department has told local media. 

Australia could be a key intermediary in decarbonising the Asia Pacific’s iron and steelmaking processes, according to a BloombergNEF report released Wednesday, saying it would be more economically feasible compared to other methods being explored by itself and its trade partners.

Canada has announced it will extend to 2026 its Conservation Exchange Pilot programme, which allows companies to earn government-issued certificates for verified achievements in conservation projects they fund.