Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 14 min ago
Scenario modelling can reduce costs of ecosystem resilience activities, says European research initiative
A Europe-wide biodiversity research initiative has called for more integration of scenario planning of ecosystem threats to support transparency and assist with financial cost decisions.
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Australian soil carbon tech developer lays out big ambitions
A soil carbon project developer is bullish on its ability to generate Australian Carbon Credit Units (ACCUs), with the ambition of generating some 10 million units across 1 million hectares of land by the end of the decade.
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Canada, Nova Scotia to launch C$28.5 mln nature conservation, protection programme
Canada’s federal government and Nova Scotia have announced a C$28.5 million ($21 mln) programme that will run over three years to conserve and protect biodiversity, habitat, and species at risk across the province.
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Global investor rolls out biodiversity strategy
A London-headquartered global investment firm this week launched a biodiversity strategy, eyeing four themes in particular that offer investment opportunities while addressing nature loss.
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CP Daily: Tuesday October 10, 2023
A daily summary of our news plus bite-sized updates from around the world.
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LCFS Market: Washington prices plummet 33% following Q1 credit data publication
Washington Clean Fuels Program (WCFP) prices have lost a third of their value in just over a week after recent data showed the inaugural quarter of the low-carbon fuel standard produced a credit surplus.
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New York global financial index provider acquires UK environmental market research consultancy
A US-based multi-asset investment data and portfolio analysis product provider on Tuesday announced the acquisition of a carbon intelligence analysis and advisory firm.
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California energy company announces first carbon capture and storage project
A California-based oil and natural gas producer revealed on Tuesday its plans for a large-scale carbon capture and storage (CCS) project based in the state’s major oil-producing region.
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California governor vetoes bill that would address false claims by carbon offset sellers
California Governor Gavin Newsom (D) this weekend declined to sign a Senate bill that would have tightened regulations for voluntary carbon offset marketers by subjecting them to the state's advertising law.
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EU co-legislators divided over import measures for methane emissions
Negotiators for the European Commission, the European Parliament, and the Council of EU member states met on Tuesday to discuss methane emissions reduction in the energy sector, aiming to narrow divisions over the extent the EU should regulate gas imports.
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Liquidity in CIX trading window heats up race for carbon credit benchmarking
Around 3.5 million carbon credits have been bid and offered on the Climate Impact X (CIX) trading window for its Nature X nature-based solutions index since its June launch, the company announced Tuesday, highlighting the growing competition for benchmarking voluntary carbon market products.
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RGGI states increase allowance volume for Q4 sale, as Virginia prepares to exit
Allowance volumes offered at RGGI’s Q4 auction will increase to the highest point since the first quarter of this year, the power sector cap-and-trade scheme’s notice showed Tuesday, with Virginia primed to participate in its last ever sale.
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Paying EU carbon costs cheaper than switching to green fuels for shipping sector -analysts
The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise, bank analysts said in a report published on Tuesday that outlined how the sector's entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.
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ANALYSIS: Aviation, energy sectors see slump in voluntary carbon credit retirements
The two largest voluntary carbon credit buying sectors over the past three years have seen significant declines in retirements in 2023, registry data collated by an analytics firm shows, at the same time as integrity initiatives look to shore up confidence in the market.
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Euro Markets: Midday Update
European carbon advanced strongly on Tuesday morning, reaching a ten-day high as the market began to catch up with a 22% leap in front-month natural gas prices since Friday, which traders said has triggered some degree of EUA short-covering among speculative investors.
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Biogas to grow faster than green hydrogen, but LNG still the heavy hitter -IEA
World gas demand is set to grow in developing nations across Asia and the gas-rich parts of Africa even as legacy buyers ramp down their imports to focus on power supply from renewables and nuclear, according to the International Energy Agency (IEA).
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Startup raises $3.2 million for a tokenised environmental assets marketplace
A US-based startup company has raised $3.2 million to help build an exchange to host trade in multiple tokenised carbon credits intended to boost market liquidity.
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CDM board approves Chinese firm’s renewable hydrogen crediting methodology
The Executive Board of the United Nations Clean Development Mechanism (CDM) has approved a hydrogen baseline and monitoring carbon crediting methodology proposed by a Chinese hydrogen company and the country’s biggest state-owned wind power producer and main carbon exchange.
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PREVIEW: Poland’s election to set pace of renewables rollout, coal kicked down road
Poland’s election outcome this weekend may lead to more support for renewables in the country if the main opposition receives enough votes to form a coalition government, but a clear coal phaseout date is not likely to be set by either of the main political parties.
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Biodiversity Pulse: Tuesday October 10, 2023
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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