Carbon Pulse

Taking Root is looking for a multi-lingual, collaborative, and detail-orientated person to join our team as a Finance Manager, LATAM (Latin America). This role’s primary purpose is the analysis of everyday financial activities to make budget allocation decisions as well as provide advice and guidance to upper management on future financial plans. This role also collaborates with our local project partners to empower them to make financially savvy day-to-day business decisions to Taking Root become a global leader in tropical reforestation and forest carbon.

European carbon prices dropped back to test a key support level on Friday, as traders dismissed the second largest-ever auction premium, while energy prices dropped for a third session after bearish macroeconomic news late on Thursday.

Japanese shipping company Mitsui O.S.K. Lines (MOL) and energy giant Chevron Singapore on Friday announced they have signed a memorandum of understanding (MoU) to form a strategic alliance focused on reducing the carbon intensity of the marine energy industry.

The head of the UN climate summit taking place in the UAE at the end of the year has underlined the important role of transparent and standardised voluntary carbon markets for closing the climate finance gap, speaking on Friday at the Paris Summit for a New Global Financing Pact.

Spot NZU prices extended losses on Friday as the market continued to reel from the policy options raised by a government policy consultation released at the beginning of the week.

Two soil carbon projects in Queensland were issued with 151,000 Australian Carbon Credit Units (ACCUs) Friday, according to a company announcement, in an historic moment for the country’s carbon market.

Two Korean companies have signed an agreement to conduct feasibility studies into developing international landfill emissions reduction projects under Article 6 of the Paris Agreement, they announced Friday.

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

Indonesia will likely resume the approval of crediting voluntary projects once the country’s carbon exchange begins operations in September, according to the head of an industry body, as new government regulation will see REDD+ projects allowed in conservation areas.

Land conversion for crop production and other anthropogenic activities result in a large loss of soil organic carbon (SOC), new research has found, with potential implications for the voluntary carbon market.

Two technology firms have announced a strategic partnership aimed at revolutionising the field of soil analysis, leveraging artificial intelligence (AI) to provide real-time quantification of carbon sequestration.

Researchers have proposed a novel method for quantifying CO2 removal rates using the process of enhanced weathering, in what could have potentially significant implications for the future of carbon sequestration.

Option spread activity has lifted California Carbon Allowance (CCA) prices back to levels reached after bullish impetus from last week's cap-and-trade rulemaking workshop, while Washington Carbon Allowance (WCA) values remained unchanged this week as transacted volume plunged.

A Nevada-based mineral exploration company announced Thursday it is continuing to develop a business plan for rangeland soil carbon sequestration projects and is now beginning to explore a potential biochar initiative.

California Low Carbon Fuel Standard (LCFS) values faded to a two-month low this week that traders attributed to surging volumes of biomass-based diesel and financial players taking a breather.

A platform being developed by Bloomberg Philanthropies to bring greater standardisation and transparency to climate data will launch its pilot before year-end COP28 UN climate talks, with information on carbon credits to be included in 2024, a senior member of the project told the Paris Summit for a New Global Financing Pact on Thursday.

A Greek cement producer is urging the EU to add export provisions to its carbon border adjustment mechanism (CBAM), with the nation's export-focused sector left acutely exposed at the EU's south-eastern edge.

Some EU shipowners may opt for their vessels to steer clear of European waters in the early stages of their inclusion in the bloc's carbon market next year due to their lack of preparation, a conference heard on Thursday. 

Senegal has inked a deal with members of the European Union, the UK, and Canada in which the West African country will receive €2.5 billion to help it achieve a target of 40% of installed electricity capacity from renewables by 2030, the country's president announced at the Paris Summit for a New Global Financing Pact on Thursday.

A coalition of consumer advocacy groups has lodged a formal complaint to the European Commission and consumer protection authorities against 17 airlines, including major carriers such as Ryanair, Lufthansa, and Air France, over their sustainability claims.