Carbon Pulse

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

Biomass-based diesel (D4) RIN prices under the US Renewable Fuel Standard (RFS) may experience countervailing influences in the next couple years, while the market for the D3 category largely filled by renewable natural gas should remain tight, analysts said Thursday.

California Carbon Allowances (CCAs) waned for the second week in a row in both price and volume as wider macroeconomic issues and market dynamics clouded trading, while Washington Carbon Allowances (WCAs) also continued their drop over the same period with a sense of distrust in the young cap-and-trade system persisting.

A recent deluge of biomass-based diesel supply that is hammering RIN prices does not currently present a lot of concern to the US EPA, as the agency decided on its Renewable Fuel Standard (RFS) volumes through an assessment of feedstock availability, a government official said Thursday.

A US-based CO2 storage provider on Thursday announced partnering with a legacy timberland firm to set up a carbon capture and sequestration (CCS) hub beneath managed forest acreage, conveniently located in a southern state near large stationary CO2 emitting sources.

An EU action plan to boost the deployment of heat pumps is currently in the making, the bloc's energy commissioner Kadri Simson announced on Thursday in a move that could mean lower launch carbon prices for the bloc's second ETS in the coming years.

Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.

A Singaporean tech company has potentially inked its first offtake deal for carbon credits as it seeks to develop over 5.3 million hectares of deforestation avoidance projects in Papua New Guinea (PNG) that are estimated to produce almost 159 million carbon credits annually, it announced Thursday.

European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.

A carbon markets advisory is helping companies become more informed and discerning when structuring their carbon credit portfolios, with the launch of a new platform offering due diligence on both compliance and voluntary offsets, and pricing data to help clients determine the fair value of credits, both now and in future, a conference heard on Wednesday.

Carbon credit standard body Gold Standard has announced it has joined several prominent companies and institutions to work on biodiversity crediting approaches, following other carbon standards that recently released draft methodologies.

Climate Impact X (CIX) has proposed adding another REDD project for inclusion in its daily benchmark assessment of the sector, at a time when over-the-counter brokers say the market is becoming more fragmented.

European carbon prices were marginally firmer in choppy Thursday morning trade, underpinned by a second strong auction in a row as participants continued to speculate over investment funds' likely positioning in the coming days, while energy markets were firmer amid gas supply interruptions in the North Sea.

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).

Four major global materials in the supply chain of construction firms have relatively low biodiversity impacts, though the built environment overall still rely on ecologically destructive processes, a UK industry-led members network said Thursday.

Chinese carbon permits continued to climb over the past week amid stable trading volumes, reaching a fresh record high on Wednesday ahead of a week-long holiday, with analysts expecting the growing momentum to continue to the end of the compliance period despite government measures to suppress prices.

While the link between global CO2 emissions and GDP growth is getting weaker, it has yet to decouple entirely, said a research note published Thursday.

A shift to a new and improved satellite monitoring system will likely raise fresh issues with the carbon crediting of Australian human-induced regeneration (HIR) projects, according to an expert.

A direct air capture company has joined forces with a carbon mineralisation firm to initially remove 500 tonnes of CO2 per year to be permanently stored in rock from a project in Oman, they announced Thursday.

One of Japan's major trading houses has teamed up with a software provider to help create millions of domestically issued forest-based offsets based on a 3D measurement system, it announced Thursday.