Carbon Pulse

California Carbon Allowance (CCA) prices gradually edged higher through a busy week of both Q2 WCI auction results and a cap-and-trade workshop, while Washington Carbon Allowance (WCA) prices also increased with a pick up in weekly transacted volumes.

Carbon border adjustment mechanisms (CBAMs) offer little in the way of reducing emissions in developing countries, and even alongside carbon taxes won't be enough for those countries to reach net zero, according to a working paper published earlier this month.

A public spat has flared up over the Kariba REDD+ project in Zimbabwe, with standards body Verra warning that it will not let the developer, a "self-professed bad actor, ... to make a clean getaway, leaving others holding the bag".

Biomethane with carbon capture, a kind of carbon removal, is poised to scale in Europe and will benefit from pro-CCS policies, but overlapping regulations at the EU and national level must coordinate to make these opportunities accessible, a German advisory firm told Carbon Pulse.

The delayed Q2 California-Quebec current vintage carbon auction settled at a discount to secondary market prices and well below trader expectations.

Energy ministers from the EU's 27 countries believe that work has just begun on making the Green Deal a reality, with the next five years crucial to the implementation of climate and environmental policies across the bloc.

Existing fossil fuel projects are enough to meet global energy demands in a global transition to net zero, researchers at UCL and the International Institute for Sustainable Development (IISD) have found.  

Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.

Verra has extended the suspension of Rimba Raya’s registry account amid continuing uncertainty about the future of the voluntary carbon REDD project in Indonesia, it told Carbon Pulse Thursday.

Policy credibility is crucial for carbon prices in the EU Emissions Trading System to be high enough to efficiently incentivise emission reductions in the long term, according to a study published in Nature Energy.

Weak carbon pricing in the EU Emissions Trading Scheme (ETS) is continuing to limit the incentive for polluters to decarbonise, according to a new report published Thursday.

Saudi Arabia will fund Kenya's planned switch to cooking with liquefied petroleum gas (LPG) stoves instead of those burning firewood, charcoal, and kerosene in return for carbon credits, according to local media sources.

An environmental impact platform and a payments network have closed their call for proposals set to identify innovative finance projects, saying they seek to fund initiatives in the emerging biodiversity credit market.

Swedish company Qarlbo Biodiversity has revamped the methodology that saw a local bank last year pick up Europe’s first voluntary biodiversity credits and on Thursday announced five new pilot projects along with plans to invest in projects globally.

The latest Convention on Biological Diversity (CBD) negotiations in Nairobi, Kenya wrapped up on Wednesday with limited progress on key topics on the agenda, as much work remains to be done at this year's UN biodiversity summit.

A Canadian group of risk experts have called on the country’s government, regulators, and business leaders to ensure their climate risk frameworks include nature-related issues.

Buy voluntary carbon credits today because the debate over whether they could be valuable has ended, according to a large investment bank.

Large economies are relying heavily on carbon removals in their national climate plans to avoid making deep and immediate emissions cuts, which risks prolonging fossil fuel use and jeopardising Paris Agreement goals, according to a report published Thursday.

While clean technologies like electric vehicles and heat pumps may require higher upfront funding than fossil fuels, their low running costs make them a cheaper option for consumers in the long term, making the green transition fairer than the status quo, the International Energy Agency (IEA) said in a new report.

European carbon prices struggled for direction on Thursday, moving in a thin range for most of the morning before a picking up in the hour leading up to midday, as the market continued to digest weekly investor data published Wednesday and broadly sideways gas movements also failed to offer a clear signal.