Carbon Pulse

The EU's Critical Raw Materials Act will accelerate the path towards the bloc's resource sovereignty and competitiveness, according to members of the European Parliament on Thursday after voting on a united position to take forward into negotiations with member states on a bill designed to reduce the bloc’s dependency on imports of the raw materials indispensable for clean technology.

European carbon prices extended their rally on Thursday amid a short squeeze that began after the previous session's weekly Commitment of Traders report, before consolidating their gains amid a drop in natural gas, as traders speculated whether short-term fundamentals are sufficiently bearish to justify the recent decline, and how long the current rally would last.

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Climate Asset Management has set aside 10% of a land acquisition in Australia for supporting biodiversity despite no clear way of capitalising on it through nature-related credits, its CEO has said.

A space tech firm and a carbon markets intelligence company have teamed up to enhance the transparency and integrity of forest carbon projects, leveraging earth observation data and machine-learning to produce natural capital data and insights.

A global environmental NGO has released a whitepaper outlining their position on biodiversity credits, as it seeks to establish high integrity across the emerging market.

Banks and Australian superannuation funds are no longer interested in backing thermal coal companies but see a longer shelf life for oil and gas companies given it is an energy source that will continue to have a role in the energy mix.

A carbon offset marketplace has started to list carbon credits certified under a newly established standard initiated by South Korea's major trade group, as the country is seeking to support the development of private sector-led voluntary carbon markets.

The UK government on Thursday announced fresh funding for ongoing efforts to boost species recovery in one of the world’s most nature-depleted countries.

The philanthropy arm of asset manager UBS has provided an impact loan designed to enable the manager of a group of essential Marine Protected Areas (MPAs) in the Philippines to implement a number of revenue-generating initiatives, in what the parties say is a transformative deal for ocean conservation.

French oil and gas major TotalEnergies launched on Thursday a call for tenders for the annual production of 500,000 tonnes of 'green' hydrogen, which will fall under the firm's strategy to decarbonise its European refineries by the end of the decade.

Australia’s Clean Energy Regulator has approved a project that will fund in part the Kullilli people’s purchase of the pastoral lease to its traditional land, from which it had previously been forcibly removed.

The Singapore Exchange (SGX) has listed an exchange-traded fund (ETF) that selects companies based on their climate actions, the largest equity ETF launched in the city state, with the support of asset manager BlackRock and index provider MSCI, it announced Thursday.

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

Countries must “supercharge” international collaboration across high-emitting sectors to get on track to curb global warming at no more than 1.5C, according to a report Thursday from the International Energy Agency.

A Canadian-headquartered environmental asset investor has signed a $213-million deal with a US-listed ‘blank cheque’ company to help it go public via merger.

The only viable way some of Australia's hardest-to-decarbonise industries will meet the emissions reductions targets mandated by a new and tougher Safeguard Mechanism is with a Carbon Border Adjustment Mechanism (CBAM), according to the CEO of one of the country’s largest emitters.

The first REDD avoided deforestation sovereign credits available for international trade under the Article 6 mechanism of the Paris Agreement are to be offered by Suriname, a precedent that is expected to be widely followed by other rainforest nations around the world.

Financial organisations from across the globe have asked an international standard-setting body on disclosures to prioritise researching biodiversity.

The British Columbia government on Wednesday released a new draft offset protocol for carbon capture and sequestration (CCS) projects, with different time horizons for monitoring permanence depending on the type of technologies and geologies used.