Carbon Pulse

The global head of carbon for S&P Global Platts has resigned to take up a similar role at an industry competitor, Carbon Pulse has learned.

UK businesses are asking the government to relaunch an industrial strategy, noting the importance of supporting manufacturing in the face of increased competitive pressure from the US and other global jurisdictions, as well as the backdrop of Brexit, technology acceleration, and the transition to a net zero emissions economy.

Australia has committed cash in its latest budget to ensure the recommendations of the independent review into its carbon market are carried out alongside a raft of investments in hydrogen and electrification, touting its goal to turn the country into a renewable energy superpower.

A county government in China's Fujian province has issued a call for public opinions on a set of administrative measures for the registry and trading of ocean-based carbon sinks, with a focus on credits generated by local fishery projects.

The European Parliament voted to raise ambition on a proposal to limit methane emissions from the EU energy sector on Tuesday, including passing an amendment on extending the same rules to imports despite opposition from some political groups.

A climate-focussed legal group has filed a judicial review against the New Zealand government’s decision to ignore the Climate Change Commission’s advice on ETS prices settings last year, it announced Tuesday.

Australia’s main opposition parties in the right-wing Coalition has announced it will support the government’s nature repair market legislation, barring the chance for the Greens and independents in the Senate to leverage their influence to force changes to the proposed bill.

The UK government announced on Tuesday millions in grants for 26 businesses awarded under its Industrial Energy Transformation Fund (IETF), designed to support businesses that use high amounts of energy in reducing their fossil fuels by adopting low-carbon technologies.

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

RGGI Allowances (RGAs) posted modest price declines this week as a continued lack of news from the third programme review starved the market of a catalyst, even as a new report showed the power sector scheme’s permit glut fell last year.

A US-based investment manager on Monday announced a new service to help fund owners and other financial institutions integrate compliance and voluntary carbon assets on the physical and futures markets into their portfolios.

Spot carbon credit prices under Alberta’s Technology Innovation and Emissions Reduction (TIER) regime rose slightly in April, while traders had different opinions on whether the outcome of the provincial election later this month would influence the output-based pricing system (OBPS) market.

EU lawmakers from the centre-right EPP political group are backing a last-minute amendment that would block the extension of the bloc's methane regulation to imports, putting in jeopardy one of the bill's most far-reaching elements ahead of a crucial vote by the entire Parliament on Tuesday.

The UK has become the latest government to support Brazil’s Amazon Fund, designed to back REDD+ projects that protect the nation’s forests as a key pillar to global action on climate change and biodiversity protection.   

Additional coal power plant build will be around 50% lower than what is in the global capacity pipeline as projects will face cancellation due to policy changes and less finance, but new plants must only be allowed to have a limited lifespan if there is to be alignment with a 1.5C pathway, research released on Monday has found.

One of the world's largest cement makers has inked a deal with a major forestry group in China to secure millions of carbon credits by the end of this decade to realise its low-carbon transition.

This newly created Project Manager position will bring expert project management skills to manage the execution of large-scale blue carbon research projects with industry and government partners.

Indonesia will launch its carbon exchange in June, the Ministry of Environment and Forestry said in a position paper, clarifying the details of a closed-meeting on the country’s emerging carbon market last week.

Australia will contemplate allowing international carbon credits in the Safeguard Mechanism and limiting the use of Australian Carbon Credit Units (ACCUs) as part of a planned review of the scheme in 2026-27, according to legislative documents.

A Sydney-based fintech company’s carbon credit and data information platform has started displaying Australian Carbon Credit Unit (ACCU) pricing data in a bid to improve transparency in the market, it announced Monday.