Carbon Pulse

Activity in the voluntary carbon market dried up over the past last week compared to the flourish seen at the start of the fourth quarter, with confidence knocked by another dose of negative press about the troubled Kariba REDD project in Zimbabwe.

A Canadian hydrogen company announced Monday that it has secured $10 million in funding to develop a supply chain of CO2-free hydrogen and ammonia from natural gas for South Korea to meet its net zero ambitions, in partnership with a Korean energy company.

A project developer and manufacturer has issued sub-Saharan Africa’s first-ever green bond designated for the cookstove market to help fund its expansion amid the depressed market for carbon credits.

Fresh impetus to get a global commitment to phase out fossil fuels is emerging among some of the ministers and state representatives currently gathered in Abu Dhabi for preparatory meetings a month ahead of the COP28 UN climate conference in Dubai.

RGGI allowances (RGAs) crossed a record settlement price during the week, despite relative sluggishness in the market and concerns over the availability of renewable energy sources moving forward, as participants continue to await programme updates.

A low-carbon cement and lime technology developer announced a collaboration with a direct air capture (DAC) company to utilise electric kilns running on renewable electricity at future DAC plants for CO2 mitigation.

The UK's faltering carbon price could result in the loss of billions in treasury revenues and may expose British companies to large tax bills for exporting to the EU, warns a new report.

European carbon prices snapped a two-week losing streak on Monday morning, tracking early sharp rises in energy markets amid an unscheduled drop in North Sea gas supplies, forecasts for slightly cooler weather and outages at two French nuclear plants.

Kazakhstan on Monday became Japan’s 28th partner country under the Joint Crediting Mechanism (JCM), through which Tokyo hopes to generate 50-100 million carbon credits by the end of the decade.

Finland’s emergency power reserve agency signed an agreement with energy company Fortum to use the firm's coal-fired plant in case of severe supply power disruption for two years from March 2024, Fortum said in a statement on Monday.

Reporting to Manager – Carbon Planning, Rio Tinto is looking for a highly organised, detail-oriented analyst to join the DO team as a Senior Advisor - Integrated Carbon Planning.

This role will be critical in developing a portfolio of carbon projects across Australia.

A tech firm will in November launch a demonstration project to digitalise the process of verifying and issuing units under the J-Credit scheme, as the government seeks to make the process quicker and easier for market participants.

The lending habits of Australia’s banks are contributing to the destruction of nature, particularly in high-impact sectors such as agriculture, property, energy, and resources, according to a report released Monday.

Australia’s best way to reach the emissions reductions goal it set last year after Labor won its first election in several cycles would be via the one thing the government has sworn against – an economy-wide cap-and-trade scheme – according to a survey of economists.

Malaysia’s federal government on Saturday said it would end biodiversity-related payments to Kelantan if the state goes through with its plans to remove protections for vast areas of rainforest.

Two weeks of negotiations among the almost 30 member nations of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) ended Friday evening in Hobart, Australia with a fresh failure to establish three marine protected areas (MPAs) in the region representing more than 1% of the global ocean.

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

Regulated parties entered the third week of growing their V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings while reducing V24 net length, as financial players continued to build V24 net positions, US Commodity Futures Trading Commission (CFTC) data showed Friday.

Washington state industrial emitters will receive slightly more free allowances under the cap-and-invest programme in 2024 than this year, with some individual economic sectors seeing fluctuations of several hundred thousand permits, according to government data published Friday.