Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 41 min 48 sec ago
Grassland CO2 stocks may shrink as plant biodiversity decreases -study
The loss of plant biodiversity in global grasslands can cause terrestrial carbon stocks to wane, with the reasoning behind the phenomenon going against researchers’ original hypothesis, according to a study published Thursday.
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Climate tech company launches AI product to speed carbon project development
A climate tech startup has launched Friday an artificial intelligence (AI) product that aims to speed up and pare down the cost of carbon project development documentation, by using downloaded data from thousands of previous examples in the market.
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UN climate loss and damage talks run late over World Bank involvement
Talks to set up a UN facility to compensate for climate-related loss and damage ran deep into overtime on Friday as developing nations united in opposition to a US idea to have the World Bank host the vehicle.
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Long-serving carbon market stalwart leaves Xpansiv after nine years
The managing director of advisory firm Carbon Financial Services (CFS) and former head of global carbon at exchange platform CBL, both owned by Xpansiv, has announced he is leaving the market infrastructure company after nine years.
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INTERVIEW: Shipping’s decarbonisation under threat from lack of alternative fuels, says industry
The shipping sector’s decarbonisation hinges on the availability of low-carbon fuels, the secretary general of one of the largest global shipping organisations told Carbon Pulse, while also advocating a 'carbon contribution factor' to be promoted at upcoming high-level climate talks.
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Without safeguards, Germany faces looming fuel price crisis amid transition to EU ETS2, think-tank warns
Germany is at risk of seeing a potentially dramatic spike in fuel prices in 2027 should the country’s domestic carbon pricing system transition to the EU ETS2, a think-tank has warned.
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FEATURE: Voluntary carbon market mulls future ahead of crunch Article 6 crediting talks
As observers hope for clarity about crediting carbon projects under Article 6 of the Paris Agreement at the fast-approaching COP28 climate talks, key players in voluntary carbon are weighing up how the embattled market may fit alongside the UN mechanism.
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FEATURE: With an expansive carbon footprint to address, food firms incentivise emissions cuts in their value chains
A growing number of multinational food companies are looking to reduce climate change risk in their value chains through greater engagement with their suppliers, aiming for a 'win-win' partnership where they encourage low-emissions practices that can both reduce their Scope 3 emissions and increase the resilience of their business to climate change.
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China’s voluntary carbon market takes major step towards revival as State Administration regulators wave green flag
China on Friday evening announced a State Administration-level regulatory body had approved a set of administrative measures that will underpin the relaunch of its national carbon offset programme, bringing the long-suspended voluntary market one step closer to returning to life.
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UN scientific meeting adopts global biodiversity monitoring approach
Representatives from 196 countries this week approved an overall approach for monitoring efforts to meet the world's biodiversity targets, though a lack of detail means more work needs to be done.
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Carbon holdings tumble across exchange-traded funds amid price stability, macro downturn
Exchange-traded funds focused on carbon allowances have cut their holdings to the lowest in two years, as flatlining EUA prices and a darkening economic outlook have encouraged investors to look to other asset classes for better returns.
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Euro Markets: Midday Update
European carbon prices stabilised after four successive daily declines in relatively light trading on Friday morning, reflecting a lack of direction and shrugging off a slight boost in energy markets as the European weather outlook turned slightly colder.
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International gas union backs gas-made hydrogen
Blue hydrogen could be a fuel of the future and remains cheaper than its zero emission green counterpart, according to a report from a gas industry lobby this week, which argued many of the same talking points it has been making for years with a low-carbon twist in 2023.
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CN Markets: CEA volumes almost double, price reaches new high amid steady compliance demand
The spot price in China’s national emissions trading scheme (ETS) climbed to a new high over the past week with a surge in trading volume, with heightened market expectations that the government is working to expand the programme to additional sectors.
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Clean Energy Regulator issues guidance on Safeguard multi-year monitoring periods
The Clean Energy Regulator has issued guidance for those wishing to apply for multi-year monitoring periods (MYMP) under the reformed Safeguard Mechanism.
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CP Daily: Thursday October 19, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Major financial trade body calls for standardised accounting across carbon markets
A lack of specific accounting standards for carbon credit trading has led a major financial industry trade association to publish a whitepaper offering guidance for the treatment of such units.
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Australia looks to ditch carbon neutral claim in its Climate Active scheme
Australia is looking to overhaul its Climate Active voluntary certification scheme to bring it in line with public, investor, and consumer expectations, as its requirements were viewed by many as woefully out of date.
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Half the world past peak fossil power generation, research finds
Half of the world's economies are already well into a period of fossil power decline due to strong renewable growth and efficiency gains, even as demand has increased in many cases, according to analysis from a think-tank published Friday.
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High social cost of carbon could halve US emissions, mitigate Gulf of Mexico’s “dead zone” -researchers
Applying a social cost of carbon (SCC) to fossil fuels in the US could drastically reduce CO2 emissions while simultaneously improving water quality in the Gulf of Mexico's "dead zone", new research has found.
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