Carbon Pulse

A Canadian carbon removals company has secured $80 million in new investment.

Sustained weak industrial demand in the EU is to keep the bloc's compliance carbon prices under pressure during H2 as bearish fundamentals could push EUAs towards "fair value" in the €80-85 range, analysts said in a report published Tuesday.

Carbon credit exchange operator ACX has teamed up with Colombia-based registry EcoRegistry and certifier Cercarbono for the development of the voluntary carbon market, with the aim of facilitating trades and further expanding its supply base.

Companies, financiers, and philanthropists announced a collective $2 billion in investments in energy transition, climate resilience, and nature-based solutions projects in emerging markets at a joint US-UK gathering this week.

European carbon prices rallied after the daily auction on Tuesday as traders strove to keep prices within reach of a key technical level, while energy markets were mixed as fundamentals continue to look weak.

Japan is considering the introduction of more measures to popularise the use of hydrogen in mobility, with relevant policies set to be launched by the end of this year, according to a work-in-progress report released Tuesday by a government ministry.

An international consortium developing a massive green hydrogen project in Australia signed an agreement with a Korean power company Tuesday, however the project’s incremental progress highlights the risks that the country is falling behind on its green energy superpower ambitions.

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

US forest may not be adapting quickly enough to the emerging threats posed by climate change, according to a new study.

A European carbon analyst has left S&P Global to join an airlines group.

RGGI Allowance prices flatlined this week on the lowest volume recorded in years amid the US Independence Day stretch, even as a heat wave engulfed the region and Virginia readied its hotly-contested regulatory withdrawal from the bloc for publication this month.

Recently-extended cost breaks for Alberta transportation fuel and natural gas consumption might run afoul of Canada’s federal CO2 pricing benchmark, but experts told Carbon Pulse they don’t believe Ottawa is likely to immediately challenge the relief measures in the oil-rich province.

The Nova Scotia government on Monday disclosed the allowance volume on offer for the province’s last regular cap-and-trade auction next month, which unlike the previous sale does not include permits from the scheme’s reserve.

Standardised carbon credits moved higher for a second consecutive week as the roll of two Xpansiv CBL contracts into new vintage eligibility years fed in support to the market, while news that buyer standards body VCMI has adopted CORSIA-eligible units within its rulebook continued to boost related products.

The EU on Monday gave the green light to the latest version of a Dutch scheme to support industrial decarbonisation by subsidising the difference between low-carbon and conventional forms of output, paving the way for other member states despite fears about distorting the bloc-wide market.

Nigeria's federal government has warned against unauthorised carbon trading, making the latest country to clamp down on market activities.

Uzbekistan has received a $46.25 million grant from the World Bank for its Innovative Carbon Resource Application for Energy Transition Project (iCRAFT), in an effort to decrease the greenhouse gas emissions and promote energy efficiency in the Central Asian country and help it access international carbon markets.

European carbon prices continued to trade in a narrow band between key technical levels early on Monday as the market awaited new direction amid the onset of summer, while energy markets were weaker as demand appeared to slacken.

Governments are drastically slashing carbon credit issuance rates from their own cookstove projects and helping craft a new global framework to tackle integrity concerns, moves that could point to an overhaul of a hefty chunk of the voluntary carbon market.

A nature consultancy has published a paper outlining how businesses should enact transformative change to become 'nature positive', proposing a practical framework to help firms understand how to implement biodiversity-friendly measures.