Carbon Pulse

With rapid growth in carbon markets driving a new wave of innovative new approaches, Verra is seeking a Program Officer to assist with our website. This person will have an analytical mind and a detailed understanding of Content Management Systems (CMS), Search Engine Optimization (SEO), and Accessibility.

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

The Australian government has launched the second round of its National Soil Carbon Innovation fund with A$20 million ($13.6 mln) available to help ramp up the nascent project type in the country’s carbon market, as analysis flags it as a key carbon credit supply source in the coming years. 

Sanctions against Russia for its invasion of Ukraine is set to cost Moscow more than $1 trillion by the end of the decade, while the response has accelerated the EU's energy transition, according to analysis published on Friday to mark one year of the conflict.

A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Voluntary carbon market (VCM) prices and volumes experienced a year-on-year increase in 2022, but buyers moderated purchases until final guidance on new standards emerges, according to analysis of an initial dataset of global trends in the sector.

While Canada's greenhouse gas emissions increased in 2021, the jump in output didn’t keep pace with an economy resurging from an end to pandemic lockdowns, according to a recently released independent analysis showing how the nation’s economic fortunes are being decoupled from pollution levels.

California Carbon Allowance (CCA) prices meandered for much of the week before a higher-than-expected February auction settlement sent values upward, as traders began to examine several factors that could influence the clearing price in next week’s inaugural Washington Carbon Allowance (WCA) sale.

A new Australian programme that offers subscription-based investments in fish habitat restoration and assisted breeding hopes to build on its current activities to eventually generate tradeable biodiversity credits.

The race to scale modular carbon capture is hotting up, with two separate announcements on Thursday seeing companies joining forces to scale technologies, with one such partnership actively targeting cost cutting and start-small options to help spur interest from small- and medium-sized industries.

The February California-Quebec current vintage carbon auction settled at the highest price since last spring and at a slight discount to prevailing secondary market levels, according to government data published Thursday.

Plans are underway to boost scientific research into the Congo Basin, the second largest rainforest and the most efficient carbon sink in the world, to the same level as the Amazon, a webinar heard Thursday.

A technology company that helps reduce energy use in houses and offices has raised $30 million in a series B funding round led by an oil major-backed investment firm. 

More than 20 carbon dioxide removal (CDR) companies have formed an alliance to promote policies for the nascent industry that could become a trillion dollar market opportunity.

The UK government announced on Thursday its intentions to further reduce electricity-related costs for certain domestic industries, aiming to level the playing field with foreign competitors, but raising questions related to how short-term relief squares with longer-term decarbonisation objectives.  

Carbon prices were marginally lower on Thursday morning, extending their midweek losses after having topped €100 for the first time on Tuesday, as all energy markets were described as quiet and traders continued to await updated Commitment of Traders data from the main exchange.

The EU's carbon border adjustment mechanism (CBAM) could wipe some $16 billion off Africa's total GDP, experts told a webinar, with the continent seen as among the most exposed to the divisive policy.

The Asia-Pacific can realise its significant long-term potential as a CCUS leader with a series of actions by governments and companies, such as kickstarting cross-border CO2 transport and storage deals and developing supply chain partnerships, according to a global consulting firm.

Regulators in Shanghai have jointly released an implementation plan to develop a standard and measurement system for the city regarding its climate goals, which will include a focus on industrial projects and forestry pilots.

India should align the early phase of its transition towards establishing a carbon market with the development of an emissions trading scheme (ETS) that is similar to what exists elsewhere in Asia and the rest of the world, an Indian energy policy think-tank report has recommended.