Carbon Pulse

Financial institutions in China need more clarity around the legal and financial attributes of carbon assets to unlock the potential of carbon finance in the country, according to researchers.

The Austrian Parliament voted in favour of replacing its national carbon pricing scheme for fossil fuels – covering the heating and transport sector – with the EU’s upcoming ETS2, which is due to come into effect as of 2027.

The state-owned UK Infrastructure Bank is looking to put money where private investors are not yet willing to go, in an effort to solve the problems standing in the way of reaching net zero emissions by 2050. 

Vietnam’s state oiler PetroVietnam is looking to earn carbon credits for carbon capture and storage (CCS) work that would largely utilise its existing assets in addition to its tree planting efforts of recent years.

An Australian carbon project developer has acquired land funded by an investment firm in exchange for the proceeds of Australian Carbon Credit Units (ACCUs) generated and sold from the property, they announced Thursday.

Demand for Article 6 credits from developed countries will arise sooner rather than later, however host countries must put necessary policies in place, a conference heard this week.

A Toronto-based voluntary carbon project financier on Wednesday reported an unrealised net loss on investment of nearly $19 million after the crediting methodology governing one of its endeavours was updated.

The Malaysian state of Sarawak will tax revenue from carbon credit sales by 5%, the government announced Wednesday.

Asset manager Gresham House is preparing for the possibility of generating voluntary biodiversity credits from parts of its forestry sites in Scotland, Carbon Pulse has learned.

Global economic output could drop by 12% for every 1 C rise in the world’s average temperature, according to a study by researchers from Harvard University and Northwestern University, who likened the impact to fighting a major war in perpetuity.

US tech giant Microsoft saw an aggregate 29.1% increase in Scope 1-3 emissions in 2023 relative to its 2020 baseline, largely driven by data centre construction, alongside procurement of over 5 million tonnes in multi-year carbon removal offtake agreements, according to its annual sustainability report published Wednesday.

A trade association representing hundreds of local electric cooperatives filed in federal court this week a motion to halt the implementation of controversial US Environmental Protection Agency (EPA) power plant emissions regulations, amidst ongoing legal challenges since the rules were published.

Peruvian forest concessions generating carbon credits could be more lucrative than those reserved for logging, provided that the country’s improved forest management (IFM) credits can command a premium for high integrity, according to a study.

The EU’s Carbon Border Adjustment Mechanism (CBAM) import tariff will have a negligible effect on India’s biggest export segments to the bloc, according to a new peer-reviewed study published Monday.

The joint California-Quebec carbon allowance auction for Q2 was postponed Wednesday due to "technical difficulties", regulators ARB said.

An Imperial College London spin-out is seeking seed funding for its decarbonised cement process, which it claims will make producing the material cheaper while still cutting more than 90% of CO2 emissions.

An international shipping advisory service has created an EU ETS add-on to its standard shipping contracts, enabling shipowners and charterers to delegate compliance obligations to a managing entity.

A lobby group supporting carbon capture and storage (CCS) in Europe is calling for more support from policymakers, with a reward for negative emissions and a special envoy within the European Commission among a range of recommendations for the next legislative cycle.

An Indian renewable energy company has signed a $1 billion MoU to finance and develop energy transition projects both within India and globally.

A startup focused on exchange traded voluntary carbon investment products has secured a fatwa for a carbon credit asset class that it hopes will tap into the deep pockets of the Islamic finance market.