Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 13 min ago
Carbon stocks at least 70% higher in mixed forests than in monocultures -research
Aboveground carbon stocks in mixed planted forests could be a lot higher than in monocultures, new research has found, suggesting mixed forests could be far more effective as carbon sinks.
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South Korean, Australian firms to work on offshore, transborder CCS
South Korea’s SK E&S has signed a Memorandum of Understanding (MoU) with Australia’s Santos over carbon capture and storage collaboration, the latter said Monday.
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China introduces capacity payments to power stations to boost thermal plant profitability
China has introduced a capacity payment mechanism to improve the profitability of domestic thermal plants, a move the government claimed will support the country's low-carbon transition, though concerns have emerged as to whether the new policy will incentivise generators to build more coal.
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Views split on whether a NZ biodiversity market is the best course
Submissions to New Zealand’s biodiversity market consultation agreed that governments alone can not muster enough cash to adequately address biodiversity decline, but there are concerns that credit-based schemes are too immature to be considered.
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Australian politicians, conservation groups call on govt to end native forest logging
A group of Australia’s past and present politicians and environmental groups have signed on to a pledge urging the state and federal governments to halt the logging of native forests in the country.
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China likely to see structural decline in emissions next year, report says
China could see a structural decline in greenhouse gas emissions next year, as low-carbon energy expansion is expected to reach the scale needed to start driving down CO2 output, a report has found.
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ANALYSIS: EU carbon price faces tug-of-war between bulls and bears in year-end drama
A series of factors may be coming together to trigger a big year-end EU carbon price rally, including record short selling by speculators and dwindling auction supply, some experts believe, while others think looming bearish pressures remain too great for prices to see any meaningful recovery from recent lows.
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Amazon deforestation falls to lowest level in five years, as efforts to fund prevention are expanded
Deforestation in the Amazon has fallen to its lowest level in five years, according to a report published this week by Brazil's National Institute for Space Research (INPE), while a fund to support these efforts was strengthened.
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CP Daily: Friday November 10, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Oregon Clean Fuels Program credit generation hits record in Q2 2023
The highest number of quarterly credits in the history of the programme saw Oregon's Clean Fuels Program (OCFP) generate the second highest quarterly net credit surplus during the second quarter of the year, even as gasoline deficits reached their peak, according to state data published Thursday.
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Oil major-owned project developer denies deceiving Indigenous people into signing carbon credit contracts
An offset project developer part-owned by a major oil company has denied allegations by a Brazilian investigative news outlet that Indigenous people in the Amazon were deceived into signing carbon credit contracts.
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New Hampshire reviewing ARB-approved forest carbon project for possible easement violation
The Attorney General’s office in New Hampshire is scrutinising the new business model of Bluesource Sustainable Forest Company (BSFC), which owns a 59,000-hectare tract at the state's tip, to assess its compliance with a 20-year-old easement originally intended for logging and recreation.
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Canadian asset manager’s forest carbon fund secures initial commitments of $224.5 mln
A Toronto-headquartered global wealth and asset manager announced on Friday the initial close of its forest fund investing in sustainably managed forests where carbon sequestration is prioritised over timber production.
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German-Brazilian startup secures €5.6 mln in funding to develop enhanced rock weathering in tropics
A German-Brazilian startup focused on enhanced rock weathering (ERW) in tropical regions has successfully raised €5.6 million in an oversubscribed funding rounds, led by prominent impact, climate, and tech investors.
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US-backed nature fund latches onto private sector, green bonds
The Americas Partnership Fund for Nature will receive an initial $10 million from the US government, the White House said last week before launching the financing vehicle officially via a fact sheet Friday.
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Norway government proposes budget allowing for major EU carbon unit spend
The Norwegian government on Friday set out a 2024 budget proposal that would carve out $270 million for it to spend on carbon units to help meet its EU climate policy obligations.
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ANALYSIS: All roads lead to Article 6 to connect multitude of emerging carbon pricing schemes
With the voluntary carbon market at a "crossroads", a plethora of countries developing new carbon pricing systems, and mature compliance mechanisms such as the EU ETS expected to require removals integration further down the line, the need to connect these different emerging and established schemes is more apparent than ever, according to observers at a high-level industry event this week, with most routes for doing so leading towards Article 6 of the UN Paris Agreement.
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Academics urge caution on UK’s setting of carbon removals goals, given uncertainties
The UK government’s climate policies rely on carbon removals but don’t sufficiently take into account the uncertainties involved in developing and scaling up the technologies, and this is distorting decision making, according to new academic research.
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Latest EU compromise for net zero industry bill keeps CCS obligation on oil and gas sector
Oil and gas companies will be obliged to meet their share of an EU target of 50 million tonnes of annual operational CO2 injection capacity by 2030, according to a new compromise text that the Spanish presidency has circulated to EU member states ahead of a working group meeting on Monday.
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Clamour to address plastic pollution reaches peak ahead of global treaty negotiations
The noise around efforts to tackle plastic pollution has risen to a fever pitch, a week before the negotiations for a global treaty to address the issue are due to begin.
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