Carbon Pulse

After chaotic scenes in Dubai at COP28, observers have called for calm on Article 6 talks taking place during a crunch UN intersessional climate summit in Bonn this week, with the technicalities of how to organise sovereign carbon trading rules expected to come into focus.

The Turkish energy exchange launched a new platform to mediate the purchase and sale of voluntary carbon credits, with the first transaction taking place last week.

An analysis of 22 rulings by national courts backs the case for stronger rules to protect consumers against misleading environmental claims by companies, as legislators examine the EU's proposed Green Claims Directive.

Corporates are keen to report voluntary carbon credit retirements, but only half the market reveals the names and details of the projects behind the carbon credits they use, research finds.

Steel production company ArcelorMittal will be handed over €1.27 billion in subsidies to decarbonise its production at two plants in Germany, the country's government announced on Thursday.

Canada must advance its study on CO2 removal (CDR) technologies to support its climate goals, a report published by the Environment and Climate Change Canada (ECCC) revealed.

Companies should ramp up their efforts in monitoring and reporting their biodiversity impacts rather than wait for a regulatory framework to be established, the EU lead negotiator for the Global Biodiversity Framework (GBF) has said.

Scotland must urgently ramp up public investments in nature protection, a group of NGO has said, expressing concerns over the impact of biodiversity credits following the government's plans to support the development of the voluntary market in the country.

European carbon prices spent another morning wedded to TTF natural gas, tracking marginally higher at midday, with a strong auction result also feeding in support, while UKAs continued to rally, jumping over 6% to squeeze the spread between the two markets to a 13-month low.

Canada needs to close the policy gaps in its approach to biodiversity offsets and stormwater credits, such as third-party investor involvement, a conservation investment-focused network said in a paper this week.

A group of researchers has discovered a method to cut nitrous oxide (N2O) emissions from agricultural production, which up until now had been considered “unavoidable”.

Peter Liese, a German conservative who was the European Parliament’s speaker on the EU’s Emissions Trading Scheme (EU ETS) in the current five-year mandate, expressed concerns that Europe will lose its industry as it gets closer to reaching its 2030 climate goals.

Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.

Developments in artificial intelligence (AI) are speeding up the time it takes to process large amounts of scientific data and could potentially help scientists make better decisions about how to preserve biodiversity, say industry experts.

The biggest steel producer in Japan has set itself emissions targets that are not aligned with the world’s ambitions, relies on inadequate technology to achieve it, and refuses to give up on coal, putting its own future at risk, an industry watch group said Friday.

A Vancouver-based carbon offset developer has partnered with an Indian firm to generate voluntary carbon credits from electric vehicle (EV) charging stations across the South Asian nation.

The Queensland government on Friday permanently banned carbon capture and storage (CCS) anywhere in the state above its vast Great Artesian Basin (GAB) to protect a water source vital to its agricultural industry. 

Australia's long-awaited integrated farm land management (IFLM) method  has been released for consultation amid plans to submit a draft version to the Emissions Reduction Assurance Committee (ERAC) by the end of the year.

Indonesia is set to end its current moratorium on post-2020 carbon credit issuances by the end of the year, according to a source close to the matter, with new supply expected to flow in the first quarter of 2025.

China’s national carbon market saw allowance prices over the past week fall to a one-month low, as the lack of policy clarity on the current compliance cycle continues to drain available supply as well as demand.