Carbon Pulse

European carbon prices fluctuated on Thursday morning amid a tug-of-war between short-positioned traders seeking to extend the recent decline, and others seeking to continue Wednesday's short-squeeze rally that had been triggered by data showing investment funds held their largest ever net short position.

The European Parliament voted on Thursday to approve its stance on a package of rules that will force EU companies to disclose their carbon footprint and take steps to reduce it as part of corporate sustainability requirements.

South Korea will be able to retire its entire coal fleet by 2035 in alignment with the Paris Agreement if the government provides sufficient support for transition finance, research released Thursday has found.

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An Austrian startup has generated the first certified credits from a series of regional forest management projects, the firm announced this week, confirming further activities across multiple other EU nations.

South Korea has circulated an updated schedule for emissions allowance carryover and borrowing for its emissions trading scheme, which faces its annual compliance deadline at the end of this month.

Denmark will set up a $71.7-million fund to restore and protect marine nature, the government announced this week, while the environment ministry has formed an alliance with the nation’s leading industry associations to develop a common framework for taking biodiversity action.

The Australian government must do more to transition away from using and exporting fossil fuels if it wants to host COP31 in partnership with the Pacific, regional climate officials told a webinar Thursday, adding that climate finance in the form of carbon offset projects would be inadequate to address their existential needs.

Most oil and gas (O&G) firms in the Asia Pacific region may face more financing challenges than their international peers because of their lack of detailed plans to decarbonise and their wait-and-see approach to new energy, a report has found.

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A Paris-headquartered startup specialising in issuing and selling carbon credits from European projects has raised €1.5 million in a new funding round.

Oman's Ministry of Energy and Minerals has signed a concession agreement with carbon capture firm 44.01 to build what it said will be the world’s first commercial-scale CO2 mineralisation project.

Australia’s greenhouse gas emissions continue to remain largely flat, despite a major recalibration in land sector emissions reporting, showing the country’s net sink is larger than previously estimated, according to the Clean Energy Regulator’s latest quarterly data.

One of the world’s biggest engineering companies has developed a new propulsion system that mimics the movements of a whale tail, which it says reduces the energy consumption of some vessels by more than a fifth, cutting carbon emissions.

California Low Carbon Fuel Standard (LCFS) prices dipped slightly this week after utility Pacific Gas & Electric (PG&E) announced its largest credit auction yet, while federal data showed financial players made a rare cut in their futures market net length.

The global fishing industry has been fighting against the implementation of marine protected areas (MPAs), but a study of the largest MPA in North America has found that even full protection of the area’s biodiversity did not negatively impact catches.

A Paris-based venture capital firm has been selected to acquire French oil and gas major TotalEnergies’ entire cleantech portfolio.

A veteran North American power and environmental commodities trader will lead trading at a Calgary-based electricity and environment marketer, moving from one of the largest US investment banks. 

The EU and the US advanced their sustainable trade cooperation on Wednesday, launching a work programme and agreeing to find ways to avoid a costly clean tech subsidy race before the 27-nation bloc's mid-2024 elections.

A Canadian-based voluntary carbon credit aggregator has replaced its CEO amid a leadership reshuffle, while parting ways with a handful of senior staff to cut costs.