Carbon Pulse

The UK government is preparing to consult with stakeholders in the coming months on introducing a supply control mechanism to the UK ETS, but has not proposed any short-term measures to prop up the price of UK Allowances after their 50% drop this year, a government minister reportedly said last week.

A Japanese climate tech firm has paired up with several financial institutions to raise 2 billion yen ($13.5 million) in order to strengthen and expand its business, it said on Tuesday.

A New Zealand study has found that a biodiversity market could be a viable, credible solution to encouraging farmers and landholders to making their business climate resilient and meeting environmental expectations, compared to traditional debt funding models.

The world’s oil cartel is backing itself over other analysts and predicting higher oil demand to 2045 as the world’s population expands by 1.5 billion and fears of energy insecurity drive nations to lock in energy security.

Companies that are active buyers in the voluntary carbon market (VCM) reduce their emissions quicker and have more ambitious climate strategies than those that are not, according to a study published Tuesday that reinforces previous research with similar findings.

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

The Australian government began accepting funding applications for its A$2 billion ($1.28 bln) Hydrogen Headstart programme Tuesday, designed to award credits to proponents for each kilogram of renewable hydrogen it produces.

This internship offers a valuable learning opportunity for someone interested in the application of emerging technologies in the design and implementation of NbS for climate change mitigation (including REDD+).

RGGI Allowance (RGA) prices made modest gains following last week's rollercoaster in response to the latest Third Program Review meeting, as participants indicated that market interest was fading amid directional uncertainty and forecasts of a warm winter.

The Washington Department of Ecology (ECY) this week will release preliminary analysis of its criteria to link the state’s WCI-modelled cap-and-invest programme with the California-Quebec market, a government official said Monday.

Biofuel credit (RIN) values under the US Renewable Fuel Standard (RFS) plummeted on Monday to the lowest level since early 2021, as traders pointed to continued bearish programme fundamentals around the bean oil-heating oil (BOHO) spread, and potential impacts of sanctions stemming from this weekend’s reignited conflict between Israel and Gaza.

Gears are shifting in voluntary carbon market volumes despite prices of many of the standardised contracts flatlining at very low digit levels, sources told Carbon Pulse on Monday.

An index for nature-based solutions (NBS) is set to be expanded to cover 2021 REDD vintages, as part of an expansion push by two founding members at a brokerage who have switched to a new firm, as they eye hiring more staff and widening coverage.

UK-headquartered budget airline EasyJet confirmed on Monday it had formally signed up to Airbus’ carbon removal credits scheme, through which it will buy credits to offset the emissions of its planes and operations.

A European climate tech investor, specialising in decarbonising agriculture, has received €1 mln from the founder of a clothing startup, as it looks to scale up its voluntary carbon market activity.

Those behind a programme for supporting biodiversity-related initiatives located in African countries are disappointed with the financial viability of applications received so far, one of its leads has said.

The UK's flagship nature market, soon to be mandatory for developers in England, has major gaps in onsite governance with enforcement nearly impossible for a large proportion of the biodiversity units to be generated, a new academic study suggests.

The Zambian government has progressed to an advanced stage in the development of a climate change bill that will include a framework for regulating carbon credit activities in the country, according to a statement made by the environment ministry, as it aims to imminently seal an agreement for credit sales as part of a Emission Reductions Purchase Agreement (ERPA).

The Council of EU member states is rushing to complete work on a series of energy and climate bills this week, clearing its decks for what could be more difficult discussions next week. 

A Vancouver-headquartered carbon credit developer announced Friday the close of the final tranche of its non-brokered private placement offering, with proceeds intended in part to help expand operations in West Africa and Latin America.