Carbon Pulse

An industry-led climate initiative will support India to mobilise $6.5 billion for low-carbon and climate-resilient development, it announced at COP28 on Friday.

Australia has a truly remarkable amount of private wealth under management thanks to its mandated pension scheme, but more of this money should be invested by the big superannuation funds into renewable and clean energy, a report said Friday.

Selling carbon credits under Article 6 of the Paris Agreement provides host countries with greater transparency over their climate assets via a more procedural and formal process, a senior member of Zambia's government said on the sidelines of COP28.

A wide ranging report on the opportunities for decarbonisation in Australia by its peak scientific body released Friday found the mining sector could be one of the earlier cabs off the rank.

The first pilot phase of the Turkish ETS will likely start in 2025 and run for two years, initially applying only to installations with annual emissions of more than 500,000 tonnes of CO2 in high emitting sectors, a senior Turkish government official told Carbon Pulse on the sidelines of COP28 on Friday.

Prices in China’s CO2 allowance market over the past week continued to decrease on relatively low volumes, while the Shanghai pilot market has reached full compliance after the latest government auction Thursday.

It's Day 2 of COP28 and world leaders are descending on Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

Certifier Gold Standard on Friday announced a new work programme to support government efforts to develop carbon market initiatives and deepen alignment between international standards and emerging national frameworks.

The federal government has laid out its projections for Australian Carbon Credit Units and Safeguard Mechanism Credits (SMCs), expecting demand for ACCUs to peak in 2031.

Discussions around Australia’s carbon market is stuck in the perspective of it being a voluntary, rather than a compliance scheme, according to a fund partner, saying that the market must reorient its thinking if it is to succeed.

The Australian government is making moves in the Senate to get a report into its Nature Repair Market legislation finalised on Monday, some five months ahead of its official deadline.

A daily summary of our news plus bite-sized updates from around the world.

California Carbon Allowance (CCA) prices dipped slightly as volumes almost halved over the past week, while Washington Carbon Allowance (WCA) prices also took a dive following the release of the draft cap-and-trade linkage bill, with volumes remaining low throughout.

Some petrostates could lose more than half their expected income from fossil fuels as the energy transition accelerates, technologies advance, and climate policy tightens, according to a report published on Thursday.

EU member states’ latest targets would put them on track to reach 66% renewable power in 2030, slightly short of their 69% goal under the bloc's REPowerEU energy security plan, according to a report published in Brussels on Friday.

Oman updated its NDC for the second time on Thursday, substantially raising its business as usual (BAU)-based goal and signalling a willingness to develop emissions trading approaches under Article 6 of the Paris Agreement.

Air Canada on Thursday firmed up plans to purchase durable carbon removal credits, while Germany's national carrier announced a scaling up of its voluntary climate offering for passengers.

Corporate climate goal assessor SBTi is resuming its plans for a climate goal template for oil and gas companies, more than 18 months after barring the big emitting firms from making submissions.

A new process of making sustainable aviation fuel (SAF) from sewage could be an important feedstock for the growing market for green aviation fuel, particularly in population-dense areas, with potential to also produce biochar that can generate carbon credits.

A methodology for protecting US forests at risk from other land uses like real estate, mining, and agriculture has been announced by carbon credit registry in collaboration with a forest carbon firm.