Carbon Pulse

Biodiversity credits have a slim chance of becoming a global market larger than the voluntary carbon markets, according to an executive at a global carbon and biodiversity credit firm.

The oil firm run by the head of COP28, Sultan Al-Jaber, is on course to increase emissions from its oil and gas operations by more than 40% by the end of the decade compared to 2023, an international NGO has calculated in a report published this week.

EUAs traded flat across the morning in a thin range as they remain on course to chart a weekly loss, with gas cited as the main driver, while UK prices gained in response to the government's auction schedule publication.

A recently launched environmental commodities asset management firm in India says the emerging market for plastic credits holds great promise for the South Asian nation, despite regulatory developments restricting market potential.

Malaysian state oil giant Petronas has signed a Memorandum of Cooperation (MoC) with Japanese government bodies to explore carbon capture and storage projects and the transboundary movement of liquified CO2.

Methane emissions from LNG-fueled ships may be on average double the level current EU and global regulations assume, a study has found, with demand only expected to grow for the gas.

A company developing biodiversity credits in South America is in the closing stages of having its project methodology approved by standard body Cercarbono, after which it hopes to have its credits listed on two carbon trading platforms before the end of the year.

ACX is looking for a proactive, team-oriented Operations Associate.

ACX is looking to fill a newly created Business Development & Client Relations role.

A yearly review into Australia’s carbon industry has found a growing number of participants are meeting full compliance status, but there is room for improvement on how the sector engages with First Nations groups.

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California regulator ARB on Thursday revealed its considerations in selecting an allowance pool for removal cap-and-trade permits over the rest of the decade, discussed reductions in free permits for electrical distribution utilities (EDUs), and received feedback on electricity imports from unlinked carbon pricing jurisdictions, the California Renewable Portfolio Standard (RPS) adjustment, and biogenic emissions.

California Carbon Allowances (CCA) receded slightly through the week with traders awaiting details from state regulator ARB's Thursday cap-and-trade public pre-rulemaking workshop, while Washington Carbon Allowances (WCA) remained fairly flat with slim transaction activity.

The British government on Thursday released the auction calendar for UK Allowances for next year, with 69 million permits to be offered up on the London-based ICE Futures Europe exchange.

Small and medium-sized companies are finding implementing the EU’s carbon border adjustment mechanism (CBAM) challenging, say consultants and business groups, as the new system’s reporting requirements come into force this month and impact hundreds of products.

Paraguay's lower house of Congress on Wednesday voted to pass the country's first national legislation regulating the voluntary carbon market with almost no opposition, sending the bill to President Santiago Pena for final approval.

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A US-based agricultural products company has said its microbiological additives could tackle two of the biggest challenges for agricultural carbon removal projects, permanence and additionality.

Plan Vivo aims to launch guidance on the pricing of biodiversity credits within a year, Carbon Pulse has learned.

The forestry division of a UK-based alternative asset manager is starting to factor carbon credit revenue into the returns of its commercial forestry assets where there is some degree of market certainty, a conference heard on Thursday.