Carbon Pulse

Traded volumes for Australian Carbon Credit Units (ACCUs) on spot and forward markets reached a 15-month high in April, according to observers, but the monthly unit issuance has fallen considerably, as the market keeps an eye on the raft of methodology work underway by the government.

A CO2 pipeline developer announced an agreement on Thursday to market carbon dioxide removal (CDR) credits from its multi-billion-dollar carbon capture and storage (CCS) infrastructure project that has yet to receive permitting approvals through several US Midwestern states.

California Carbon Allowance (CCA) prices showed signs of retreat heading into the Q2 auction despite amassing weekly gains, while Washington Carbon Allowances (WCAs) fetched higher prices on limited market activity.

The US-based tech giant and a Rio de Janeiro-headquartered carbon offset developer announced Thursday an offtake agreement for 3 million tonnes worth of CO2 removal (CDR) credits from reforestation efforts focusing on Brazil's Atlantic biome.

The voluntary market is set to boost the UK’s heat pump target with the largest decarbonization homes project in the country under validation by Verra following a public consultation period, data from the standard body registry shows Thursday.

Fossil fuels generated less than a quarter of EU electricity for the first month ever in April amid a surge in renewable demand, according to new data.

A high-level expert group on sustainable finance (HLEG) has advised the EU Commission to scale up the biodiversity credit market as a means to boost investments towards low and middle-income countries (LMICs).

UK-based company Queequeg Renewables is collaborating with Biodiverse Consulting on ensuring five solar projects meet their biodiversity net gain (BNG) requirements, they said on Thursday. 

Limits to the scope, supply, and participation in Turkiye's imminent cap-and-trade scheme could curb state revenue for the green transition, inhibit liquidity, and discourage investment by multilateral development banks (MDBs), according to panellists speaking on Thursday at Carbon Forward Turkiye.

European carbon prices rose strongly on Thursday morning, with bullish traders seemingly able to push prices higher in a very illiquid market as many European participants enjoyed a public holiday, while energy markets also surged higher, shrugging off a welter of analyst predictions that prices may fall over the summer as supplies remain comfortable.

An initiative for spurring investment in biotechnology innovation in the North West of England led by the University of Manchester launched on Thursday, announcing three funding programmes with £5 million ($6.2 mln).

A large cement maker is trialling new technology developed by a UK-based carbon capture company to capture CO2 from the flue gas at one of its manufacturing plants.

The agricultural research arm of a Germany-headquartered chemical company is considering a pilot scheme at small-scale soybean farms in Brazil to create credits corporates can use to offset their nature impact.

A British climate tech startup has raised $15.7 million in Series B funding as it seeks to further develop its AI-based platform for ecosystem restoration and expand into new markets, the company announced Wednesday.

Laos has announced plans for a major nature-based solution carbon project spanning 5% of its land mass that could cut CO2 emissions by 1.4 million tonnes per year.

Australia, one of the world’s top three LNG exporters, on Thursday released a long-term strategy for natural gas, with plans to rely on the fuel well beyond its mid-century net zero target date. 

A global sustainability consultancy has launched a new division focused on helping companies invest in high-quality carbon credits, building on its existing carbon markets strategy, it announced on Thursday.

A Japanese offset provider that promotes regional decarbonisation initiatives has secured 480 million yen ($3.08 mln) in a recent funding round, it announced Thursday.

Voluntary carbon certification body Gold Standard and the Indonesia Carbon Trade Association (IDCTA) have set up a taskforce to develop carbon market regulation and infrastructure in the Southeast Asian nation, aligned with domestic and international markets, the body announced Wednesday.

South Korea sold none of the CO2 allowances on offer at Wednesday’s monthly auction, as demand remains weak amid oversupply and regulatory uncertainty.