Carbon Pulse

The European Parliament gave its formal approval on Tuesday to three bills forming part of the bloc's Fit for 55 climate policy package that were provisionally agreed last year in trilogue negotiations. 

A Finnish start-up specialising in AI-powered tracking of forest carbon storage has announced Tuesday a €1.4 million fundraise for international expansion.

The Norwegian Environment Agency has assessed the potential for industrial carbon removal in the country, saying in a research note released Monday that a s0-called "reverse fee" mechanism combined with voluntary carbon market sales of credits could help boost growth in the sector.

Transition finance is likely to become China’s priority in developing green finance compared to other policy instruments, given a heightened focus on post-COVID economic recovery and energy security, a report has found.

Private sector interest in biodiversity is growing rapidly after the success at COP15 and the emergence of a voluntary nature credit market, but a study released this week warned that private finance won’t be a silver bullet for the biodiversity crisis as private capital injected into the field so far has come with certain limitations and preferences.

The price going for carbon credits from a REDD+ project in Papua New Guinea has nosedived following an investigation by an Australian news programme, as the project’s developer told media they were “exploring its options” in terms of how to respond.

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

A Paris-based hedge fund on Monday announced an equity investment into a new platform that will generate carbon removal credits from soil-based climate practices.

RGGI Allowance (RGA) values held steady over the majority of the week and immediately after member states published the March auction result, but briefly collapsed to near six-month lows on Monday as traders went risk-off following the recent collapse of two US-based financial institutions.

Standardised and over-the-counter offset prices generally edged lower over the past week to extend a trend amid a continued dearth of activity in the market, and a continued build-up of surplus credits.

The European Commission has brought forward plans to present the its revised Electricity Market Reform to proposal to Tuesday, according to a Commission spokesperson on Monday, a date two days earlier than previously had been foreseen. 

While public, private, and hybrid efforts are emerging that seek to better govern climate-related claims, currently the engagement of companies in voluntary carbon markets is greatly hampered by the lack of understanding and clarity around the types of claims that can be accurately and credibly made when integrating carbon credits into corporate climate strategies. A recently published academic paper seeks to review and define the core elements of such claims.

Annual coal burn in Turkey jumped 10% year-on-year in 2022 to hit a new annual record, according to generation data published Monday by an environmental think-tank, with Russian exports to the country surging last year even as prices shot up.

Technology giant Microsoft announced plans to invest in a marine geoengineering project that aims to enhance the ocean’s ability to remove carbon from the atmosphere with long-lasting storage at deep ocean depths.

European carbon prices unwound their gains from Friday as risk-off sentiment spread across numerous markets after the weekend rescue of the US' Silicon Valley Bank, and energy prices were weaker despite continuing strike action affecting LNG import terminals in France.

Seaweed farming is believed to have considerable potential for carbon sequestration in China compared to other ocean-based carbon dioxide removal (CDR) approaches, though further research is still needed, a report has found.

An Australian pension fund has divested from a land development company in protest of its decision to proceed with a project that could threaten the survival of one of the last remaining healthy koala colonies in New South Wales.

The New Zealand government’s decision to leave the ETS price settings largely as-is looms large over the first carbon auction of the year, but market watchers expect buyers will come in to snap up cheap NZUs.

An Australian carbon project developer has launched an agribusiness spin-off company, designed to manage natural assets in a bid to ramp up the sustainable agriculture industry.

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