Carbon Pulse

The Shanghai government will auction off 3 million carbon allowances under its emissions trading scheme this week to ensure regulated companies can acquire enough permits for compliance purposes.

A European-based biochar developer has completed a funding round with capital raised from both existing and new investors, to fund its transition from proof-of-concept to the building of commercial-scale facilities.

A European-based biochar developer has completed a funding round with capital raised from both existing and new investors, to fund its transition from proof-of-concept to the building of commercial-scale facilities.

A Japanese peer-reviewed study has verified direct air capture (DAC) of carbon occurring in the chemical process for manufacturing concrete, which it said could be useful for the industrial sector or countries looking to offset their emissions.

A financial conglomerate in Japan has decided to invest in Singapore-based carbon exchange Climate Impact X (CIX) to help scale the international carbon credit market in Asia, they announced Tuesday.

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

An academic discussion paper has questioned the veracity of the REDD+ carbon projects being developed in Papua New Guinea and argued regulations being introduced to manage them will do little to improve their governance.

The Voluntary Carbon Markets Integrity Initiative (VCMI) issued new guidance for carbon credit-buying firms on Tuesday, lowering some of its thresholds and floating a new claim concept that would enable some carbon credits to be used to meet value chain emissions targets.

Global methane emissions from coal mines may be twice as high as reported by governments, according to analysis by global energy think tank Ember.

Compliance entities and speculators shortened their net length of California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings, while Washington Carbon Allowance (WCA) net holdings for both groups remain short, US Commodity Futures Trading Commission (CFTC) data showed Monday.

RGGI allowances (RGAs) tied a record settlement price for the benchmark contract this week before sinking significantly as traders rolled their position to next year, with the vast majority of trades being spreads over the past five days.

A US-based carbon crediting startup for farmers and a sustainability certification provider launched a partnership to trace the progress of regenerative agriculture practices in sequestering carbon.

Reforming and scaling climate finance, including moving forward on operationalising a new loss and damage funding mechanism, establishing global renewables targets, and the future of fossil fuels, are likely to be the core topics of discussion at COP28 in Dubai, according to climate experts and other observers, which will also bear witness to the first ever global stocktake (GST) of the Paris Agreement.

The number of CO2 transport and storage projects supported financially and benefiting from streamlined permitting by the EU will double in 2023 compared to last year, the bloc's energy chief told an event in Denmark on Monday, signaling the EU's growing commitment to developing a CCUS sector.

Trade picked up in the voluntary carbon market last week as corporates looked to square end-of-year emission books, and some sellers ditched REDD credits at rock bottom prices.

Xpansiv has launched a consultation to support the trading of instruments aligned with the Integrity Council for the Voluntary Carbon Markets’ (ICVCM) Core Carbon Principles (CCP), due to be assigned to the first carbon credits in the opening quarter of 2024, the market platform said Monday.

Carbon credit certifier Verra on Monday announced its new REDD methodology for protecting forests, which moves away from site-specific projects to jurisdictions and brings in third-party data to set the baselines used to calculate the emissions reductions of individual projects.

European carbon prices sagged back towards a key support level on Monday morning as weather models appeared to suggest milder temperatures in the coming days, prompting weakness in natural gas prices, which fed through to EUAs.

Australia should set up a $5-billion ($3.3 bln) fund dedicated to buying up land of high biodiversity value to ensure it meets its commitments under the Global Biodiversity Framework (GBF), a green group-led initiative said Monday.

France will inject €1 billion into funding biodiversity protection and restoration next year as part of a 40-part national biodiversity strategy unveiled Monday.