Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 53 min ago
Clean Cooking Alliance launches accelerator programme to boost carbon finance in West Africa
The Clean Cooking Alliance (CCA) has launched a new accelerator programme to boost carbon finance in the clean cooking sector of West Africa.
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WWF announces two biodiversity tech pilots
Green group WWF has announced two biodiversity technology pilot projects it is developing that aim to automate biodiversity monitoring, and predict animal-related epidemic risks.
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EU lawmakers reject proposal to limit bloc’s use of pesticides
The European Parliament rejected a text for a proposal to limit EU use of pesticides on Wednesday, in a vote that divided lawmakers amid similar tensions to those seen earlier in the year for the bloc's nature restoration bill.
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Banks should support national biodiversity strategies, UNEP says
Banks should set targets supporting countries’ national biodiversity strategies, the UN Environment Programme (UNEP) said in its new nature target-setting guidance, released Wednesday.
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Euro Markets: Midday Update
European carbon prices fluctuated wildly on Wednesday morning, setting a new year-to-date low but ending the morning marginally higher, as traders positioned themselves both before and after the weekly Commitment of Traders data release, which showed investors had trimmed their net short for the first time in five weeks.
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Emissions simulator platform launched to simplify international climate compliance for ship operators
Ship operators can optimise environmental performance and reduce emissions across entire fleets, helping them to more easily comply with international climate regulations, using a new simulator platform launched Wednesday that will later be adjusted to assist with EU ETS compliance.
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German climate tech firm launches corporate biochar pre-purchase platform
A German climate technology company has launched a solution that enables corporate buyers to purchase biochar credits in advance from emissions removal activities in the agriculture sector, it announced on Wednesday.
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UBS, Swiss Re sign $2-mln partnership with Indonesian nature venture builder
The philanthropy arms of investment bank UBS and Swiss Re have agreed to invest over $2 million in a partnership with an Indonesia-based company that works to secure investments for scalable nature-based start-ups.
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Alignment needed on best ‘insetting’ practices to reduce Scope 3 emissions, says report
Consensus needs to be established across different frameworks for how to precisely define and implement insetting if it is to effectively scale as a solution for tackling corporate Scope 3 emissions, according to a study published Wednesday.
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Japan adds J-Credit methodology for beef cattle feeding
The committee steering Japan’s J-Credit programme has approved a new methodology on the introduction of a new feeding practice for beef cattle, as the government continues to expand coverage in the domestic offset scheme.
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Danish shipping giant signs green fuel deal with Chinese clean energy firm
A large Danish shipping and logistics firm has signed a green hydrogen offtake agreement with a Chinese clean energy multinational, saying the deal is the first of its kind in the global shipping industry.
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Canadian miner welcomes US lawmakers’ push for deep seabed mining
Canadian The Mining Company (TMC) has welcomed moves by US senators and members of Congress to influence the UN seabed authority to finalise rules that would allow for minerals mining at the bottom of the ocean.
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EY report claims nature-positive Australia could see A$47 bln in benefits
A report consultants by EY has found that Australia’s carbon market is unlikely to deliver significant nature repair under current settings, but claimed becoming a nature-positive economy could boost Australia’s national income by A$47 billion ($30.7 bln) by 2050.
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Nature-based carbon standard launches with new reforestation methodology
A new nature-based voluntary carbon market certifier has released its standard and reforestation methodology, it announced Wednesday.
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Australian oil and gas firm signs with pipeline company to progress third-party CO2 sources for CCS plant
Australia’s Santos has signed an agreement with one of the country’s largest pipeline operators to look at developing more CO2 infrastructure to service its planned carbon capture and storage facility at the Moomba gas plant.
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CP Daily: Tuesday November 21, 2023
A daily summary of our news plus bite-sized updates from around the world.
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More or less than expected? Analysts mixed over impact of 2024 EUA auction volume announcement
The European Commission last week published projected EUA auction volumes for 2024, and analysts are mixed as to how the figure compared to their expectations.
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Canada sets aside up to C$7 bln to issue carbon contracts for difference
The Canada Growth Fund, a C$15 billion public investment vehicle, will allocate almost half of its capital to issue carbon contracts for difference (CCfDs) and offtake agreements, according to the federal government’s 2023 fall economic statement released Tuesday.
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Rhode Island uses RGGI funds, US DOE monies for energy conservation grant programme
Rhode Island announced funding sourced from the Regional Greenhouse Gas Initiative (RGGI) and the US Department of Energy (DOE) on Tuesday for the state's new energy efficiency grants for municipalities.
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Pennsylvania governor will appeal RGGI court ruling
The legal battle over whether Pennsylvania can join RGGI through executive action will continue, following an appeal from Governor Josh Shapiro (D) of a Nov. 1 Commonwealth Court ruling that blocked the state's regulations.
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