Carbon Pulse

An Australian fund manager on Monday launched a carbon credit fund to offer investors exposure to global compliance carbon markets, with a goal to outperform market benchmarks by at least 2% per annum.

An Australian environmental tech company that uses drones to plant trees has partnered with an impact investment manager to establish a carbon sequestration fund seeking to raise A$200 million ($133 mln).

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

The UN Water Conference in New York wrapped up late Friday with billions of dollars pledged by governments and companies and a Water Action Agenda counting over 700 global commitments on water, including nearly 300 related to biodiversity.

Emissions from stationary installations covered under the EU ETS probably rose marginally last year, according to a survey of analysts, as a rise in CO2 from dirtier power generation was partially offset by a drop in industrial output.

Compliance entities picked up California Carbon Allowance (CCA) holdings and RGGI Allowances (RGA) over a two-week stretch in March, while financial players eased net length across the North American carbon markets over the period, data from the US Commodity Futures Trading Commission (CFTC) showed this week as the agency caught up with backlogged Commitments of Traders (COT) reports.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including the failure of several state low-carbon fuel standard (LCFS) bills and a discussion of how California’s programme might be negatively influencing these proposals.

Discussions on introducing 2030 and 2040 greenhouse gas (GHG) emission targets for the global shipping sector at this week’s International Maritime Organisation (IMO)’s closed-door working meeting reached an impasse as the session broke on Friday.

A start-up tech company plans to target small to mid-sized project developers with an online service that streamlines and structures the process needed to attract upfront investment in one platform.

Low and middle-income countries should receive $300 billion in concessional payments by 2030 to phase out coal power, scale engineered removals, and stop deforestation, with the money potentially stemming from corporates via the voluntary carbon market (VCM), according to an international think-tank.

European carbon prices dropped sharply after the weekly German EUA sale, giving up the week's gains since Monday as attention switched back to the resilience of Europe's banking sector amid a significant jump in Deutsche Bank credit default swaps.

China’s emissions market saw a second straight week of barely any trades amid lingering negative sentiment, with observers saying the world's largest carbon market by tonnes of CO2 covered might repeat the late-rush pattern of the previous compliance cycle.

The Australian government has launched a process to recognise so-called other effective area-based conservation measures (OECMs) in a bid to increase available options to meet its biodiversity targets, a move considered by many nations worldwide as they ponder how to comply with the 30x30 target in the Kunming-Montreal Global Biodiversity Framework.

Biodiversity is becoming an issue of increasing importance to investors, a global survey released this week has found, with nearly half stating that addressing the issue was either at the centre of, or a significant factor in, their respective investment policies.

South Korea's latest electricity policy is not ambitious enough for the country to get itself aligned with the Paris Agreement’s 1.5C target, given its planned slow fossil phase-out, a report has found.

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

California regulator ARB and the US government must pursue harmonisation between the treatment of biogas-derived electricity under the Low Carbon Fuel Standard (LCFS) and Renewable Fuel Standard (RFS) as a new addition to the latter biofuels programme takes shape, a conference heard Thursday.

There does not need to be a trade-off between improving existing carbon credit methodologies and bringing new and innovative ideas to market, a panel at the North American Carbon World conference in Anaheim heard Thursday.

Power generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) carbon market purchased allowances at the March current and advance auction at the lowest price since Q2, according to results published Thursday.

California Carbon Allowance (CCA) prices inched higher through another volatile week as banking contagion fears eased and central banks turned their attention back to tackling inflation pressures.