Carbon Pulse

Malta and Spain have urged the EU to add further foreign ports to a list found to have experienced a jump in activity, ahead of the bloc's inclusion of the shipping sector in the ETS from 2024 in a bid to guard against carbon leakage.

An aggressive UAE-based carbon credit developer has signed a Memorandum of Understanding with the Gulf nation’s biggest bank aimed at advancing green investments as the country gears up to host this year’s UN climate negotiations.

EU carbon prices headed for their biggest five-day increase in six weeks, as prices gained momentum from the combination of a short squeeze as well as a sharp rise in natural gas prices amid the end of labour strikes in Australia and a renewed focus on North Sea output.

Allowances in the Chinese emissions trading scheme this week rose to their highest level since the market launched two years ago, as the approaching compliance deadline for 2021 and 2022 continued to fuel steady demand.

Policy and direct investment need to match interest and rhetoric if hydrogen is to become a genuine source of large-scale clean energy, and project delays are to be expected given “stubborn” cost pressures, the International Energy Agency said Friday.

The expansion of the BRICS bloc is going to transform the group into a global leader in renewables, making it a net exporter of primary energy in the coming decades, according to a report released this week.

An Australian superannuation fund has announced emissions targets in line with the government’s plan to reduce emissions by 43% by 2030 over 2005 levels, though it will only decide on a policy towards oil and gas companies late next year.

Carbon revenues can substantially contribute to the additionality of Australian waste management projects by encouraging final investment decisions, a study has found, contradicting conclusions from previous analysis.

Gas will remain an important part of Indonesia’s energy mix as it moves to a lower emissions economy and the nation is actively looking to expand gas infrastructure, a minister said Friday. 

Gas infrastructure company Australian Pipeline Association (APA) Group has joined a growing list of companies signalling their reliance on Australian Carbon Credit Units (ACCUs) to meet their emission liabilities under the reformed Safeguard Mechanism.

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

Any potential mandate for corresponding adjustments in the voluntary carbon market will depress activity in the space, though alterations to host country emissions inventories can still be useful in some instances, a conference heard Thursday.

California Carbon Allowance (CCA) prices reached a new record high following the announcement of state regulator ARB’s upcoming cap-and-trade rulemaking workshop, though were unable to sustain this gain, while Washington Carbon Allowances (WCA) moved downward amid continued hesitancy to participate in the market.

California gasoline sales in June nearly equalled year-ago levels as diesel consumption fell, continuing the trend of the state’s cap-and-trade covered transportation sector GHG output trailing historic levels through the first half of 2023, according to state data published Wednesday.

Negative media coverage continued to dominate discussions during a carbon conference in New York held this week, as stakeholders in the voluntary market reacted to fresh reports from a newspaper that has persistently criticised corporate credit use, with fears of reputational risk threatening to further depress buying activity.

A company founded by two forest carbon veterans has closed $11.5 million in funding from a Singapore-based investor to help develop projects in Southeast Asia.

California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.

A US-based climate tech firm secured additional funds from an e-commerce company to implement nature-based carbon projects in Latin America, the companies announced Thursday.

Improved forest management (IFM) projects under California's compliance offset programme may not reduce emissions as claimed, researchers said Thursday in findings that add to a growing chorus of academic literature, though state regulator ARB pointed to potential biases in the new study. 

Soil carbon projects could prove a cheaper alternative to direct air capture (DAC) technology for CO2 removal buyers, according to developers in the space, who say testing of ground storage is making older sequestration methods more reliable.