Carbon Pulse

EU carbon prices eased back for the third successive session, though still remain on course for a strong weekly gain, with analysts pointing to a resumed correlation with gas, soft fundamentals, and an overall lack of clear market direction.

The Council of EU member states voted Friday to adopt the bloc's Corporate Sustainability Due Diligence Directive (CSDDD), requiring companies with a turnover of more than €450 million to observe human rights and environmental obligations along their entire supply chain or face fines of up to 5% of their global turnover.

A group of seven EU countries are presenting plans on Friday for greater use of recycled materials, biomass, and captured CO2 to replace fossil carbon in the chemical sector, arguing this will help restore the industry’s lost competitiveness.

Prices in China’s CO2 allowance market over the past week remained stable with healthier trading volumes, though the continued absence of policy updates is expected to limit the potential for price growth.

An Australian agri-tech company has developed beta soil organic carbon measurement models that it says can reduce the reliance on extensive physical soil sampling.

Conservation International has announced its intention to participate in the nature and biodiversity credit markets, outlining guardrails it will abide to, including refusing to sell units to fossil fuel companies and firms without zero deforestation targets.

A Glencore pilot carbon capture and storage project was knocked back by the Queensland state government Friday over what it said were serious environmental concerns, shutting the door to any further CCS projects in the area.

Equatic, in partnership with EcoEngineers and the International Organization for Standardization (ISO), has launched a new MRV methodology for electrolytic ocean-based CO2 removals.

A European oil firm has agreed to spend around $90 million to purchase as many as 10 million carbon credits from nature-based carbon projects in Ghana as part of a jurisdictional REDD+ deal.

Australia’s largest carbon project developer, GreenCollar, has resigned from co-chairing industry working groups developing the integrated farm land management (IFLM) method due to losing confidence in the process, a spokesperson told Carbon Pulse.

The New Zealand commissioner for the environment has joined a growing list of bodies calling for forestry to be removed from the country's emissions trading scheme.

California Carbon Allowance (CCA) prices rallied through the rescheduled Q2 auction as market participants looked to the forthcoming cap-and-trade workshop, while Washington Carbon Allowance (WCA) prices gained on significantly smaller volumes than the week prior.

The RGGI carbon market saw its permit bank surplus expand slightly in 2023, according to a report published Thursday.

A US federal judge on Wednesday dismissed a request from an investment advisory firm to halt an oil major’s lawsuit against shareholders over their calls for stronger climate targets.

A group of 19 US Republican state attorneys generals (AGs) filed a petition Wednesday asking the nation's highest court to prohibit efforts by Democratic-led states to hold oil producers financially liable for the climate impacts of fossil fuels.

Carbon removals (CDR) could contribute meaningfully to compliance carbon pricing systems but they should be limited to a certain percentage of total emissions permits and may be subdivided by durability, Puro.earth CEO Antti Vihavainen told Carbon Pulse.

Boffins from Cambridge University in the UK have become the latest to claim the green cement mantle with their idea of “electric recycling of Portland cement” featuring on BBC news this week, adding to the growing band of innovators seeking an emissions solution for the hard-to-abate industry.

Zero Carbon Systems has acquired Global Thermostat, one of the first direct air capture (DAC) startups, in a deal valued at tens of millions of dollars.

A UK venture capital firm has successfully closed a £20 million funding round to invest in European pre-seed and seed-stage companies developing scientific solutions for decarbonisation.

A blockchain marketplace for enabling transparent sales of biodiversity credits is almost ready to begin selling, following a partnership between credit developer RePlanet with a certification organisation and a blockchain company, Carbon Pulse has learned.