Carbon Pulse

A lack of demand from businesses and clear regulation in Thailand is likely to stymie the growth of the nation’s nascent carbon market as heavy emitters look cut emissions at source, according to analysts. 

An Australian oil and gas company venturing into the carbon management space has signed a Memorandum of Understanding (MoU) with a Canadian carbon capture and removal technology firm, to collaborate in the offering of a ‘one-stop shop’ solution for industrial businesses dealing with hard to avoid CO2 emissions, they announced on Friday.

Taiwanese regulators have teamed up with the island's main stock exchange to build and launch a carbon trading platform that will launch around mid-year as part of Taiwan's efforts to reach net zero emissions by 2050.

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

Japan will auction off some 430,000 J-Credits next month, the first government sale of the domestic carbon offsets in a year.

California Carbon Allowance (CCA) prices rose this week to levels not seen since August on the return of macro market optimism and compliance buying, while Washington Carbon Allowance (WCA) values retraced slightly from recent record highs but continued to trade above the programme's second reserve tier trigger price.

Thailand’s PTT has signed a carbon credit derivatives framework agreement with a Thai state-owned bank, the country’s national oil company (NOC) has announced.

New Zealand’s main opposition party has launched a high-level farming policy ahead of the upcoming election that would ban foreign direct investment in forestry, in a bid to stop companies buying up agricultural land and converting it to forests that generate carbon credits.

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

More than half of global GDP depends on nature and is therefore exposed to risk posed by the degrading state of nature and ecosystems, one of the largest financial auditors worldwide, PwC, published in its latest research on Wednesday.

Portugal's economy and environment ministers have announced that Repsol's 'Green Engine' reforestation project will contribute to the establishment of a voluntary carbon market in the country.

US stock car racing circuit NASCAR has announced plans to achieve net zero operating emissions by 2035 as part of a broader impact-driven platform

A California legislator made wholesale changes to a bill on Monday that will require state regulator ARB to evaluate the effectiveness of the WCI-linked carbon market mechanism and set a Jan. 1, 2025 deadline for implementing any resulting alterations, aborting the bill's prior focus on strengthening the state’s 2030 abatement target.

A commerce platform heavily involved in engineered carbon dioxide removal (CDR) agreements said few new corporate buyers have emerged to provide the necessary financing to help scale up nascent technologies, according to a recent report.

No single alternative fuel is emerging as the frontrunner for the shipping sector’s decarbonisation, a number of key figures of the Belgian shipping industry agreed at an event dedicated to decarbonising the industry on Tuesday.

A record number of companies adopted net zero targets in the first quarter of this year while and retirement levels of offsets held steady to dispel concerns of a long term crisis in the voluntary carbon market, a webinar heard Tuesday.

An initiative led by European investors released on Tuesday a net zero standard for the big-emitting oil and gas sector, looking to navigate the murky waters of net zero pledges and drive climate change progress through capital allocation. 

Free carbon allowance handouts in the EU should be based on the products rather than the process of making them as is currently the case, a think-tank has recommended, as Brussels prepares to make amendments to rules governing its free allocation of EUAs.

Biodiversity credits are one of the key vehicles for financial institutions to channel capital into nature protection and restoration, according to a UNEP report published this month that noted how investors represent a vital source of funding to meet the goals of the Global Biodiversity Framework (GBF).

A new technology resembling a waterborne drone aims to independently collect environmental DNA (eDNA) from the world’s oceans, providing scientists and other stakeholders with the data they need to track and manage local biodiversity at scale.