Carbon Pulse

Danish renewable energy firm Orsted and UK-based marine consultants Bluedot Associates have teamed up to develop a biodiversity framework to apply to the planned offshore floating wind power leasing round the UK is planning in the Celtic Sea.

Allowance prices in China’s carbon market inched down marginally over the past week with a plunge in trading volume, while the offset market saw relatively sustained liquidity amid renewed market confidence.

An Indigenous carbon industry network has called for clearer rules for how co-benefits on carbon credits sold in the market are labelled, and that carbon method design must value Indigenous intellectual property rights.

The European Parliament is set to back measures to force EU companies to disclose their carbon footprint and take steps to reduce it as part of corporate sustainability requirements to be voted on next week.

A major Thai oil and gas company has joined forces with a local bank to launch an investment scheme with the goal of using the proceeds to spend on high quality carbon credits and GHG reduction activities.

India’s tiger protection programme has brought with it significant carbon benefits in the form of avoided deforestation, and shows that allowing carbon crediting can pay for a substantial part of the costs associated with species conservation projects even when they take place in a protected area, according to a study published this week.

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

A unanimous US Supreme Court ruling delivered on Thursday narrows the federal government’s authority in regulating bodies of water and could have larger implications for protection of wetlands across the country, according to analysis from an environmental publication.

Agricultural technology startups Grow Indigo and Dvara E-Registry on Thursday announced a partnership aimed at fostering climate-smart agriculture and creating new income opportunities for smallholder farmers in the Madhya Pradesh region of India.

California Carbon Allowance (CCA) prices increased through a quiet week as participants awaited WCI Q2 auction results released Thursday, while there was a continued lull in activity ahead of next week’s Washington Carbon Allowance (WCA) auction.

The World Meteorological Congress has given the green light to a new “landmark” global greenhouse gas monitoring initiative that aims to plug critical information gaps, the World Meteorological Organization (WMO) announced Wednesday.

The Q2 California-Quebec current vintage carbon auction settled at its highest point since Q2 2022, nearly matching secondary market levels, according to government data published Thursday.

Rising carbon prices in Europe would have a “rather limited impact“ on the euro zone economy, though the increase would not be enough to drive the emission reductions needed to meet the bloc’s 2030 climate target, the European Central Bank has found.

Redrawing the relationship between ship owners and charterers could lead to a 15-20% reduction of maritime-related emissions, according to a white paper published on Thursday by a technology software company and one of the world’s largest shipping association.

A venture capital firm, which focuses investment in climate technology companies active in urban environments, on Thursday claimed its portfolio removed or reduced nearly 500,000 tonnes of carbon last year.

A Berlin-based startup has raised €2.5 mln in a funding round as it looks to develop a digital solution for the shipping sector to manage and reduce its carbon emissions, as well as engage in the EU ETS.

A France-based carbon startup has launched a new platform to help firms report on their environmental and climate impact, specifically preparing companies for compliance rules due to come into force under the EU’s Corporate Sustainability Reporting Directive (CSRD).

The detailed prototype of an open-source metadata system was unveiled this week, demonstrating how users will be able to more easily navigate carbon markets on a single platform, with data collected from across the diverse landscape of carbon registries.

European carbon dropped sharply on Thursday morning, reaching its lowest in four months as traders offloaded length after prices had dropped through a key technical level in the previous session and natural gas prices extended heavy losses for a fourth session.

An Oslo-headquartered engineered removals company has signed an agreement with a provider of durable mineral carbon storage as they target the launch of a 100,000-tonne direct air carbon capture and storage (DACCS) plant in Iceland in 2027.