Carbon Pulse

Prices in China’s national emissions market hit a fresh all-time high over the past week amid stable trading volumes, buoyed by growing compliance demand. 

European carbon allowances were modestly weaker at midday on Friday, consolidating the gains made over the previous two sessions as traders speculated that the recent rally from the €60.00 level may have signalled the bottom of the market for the rest of the year, while UKAs extended Thursday's loss as government reform proposals revealed no new adjustments to the British market.

A Washington DC-headquartered clean cooking initiative has updated its cookstove methodology following a public comment period, the organisation announced on its website Wednesday.

The Clean Energy Regulator (CER) has published new emissions intensity data (EID) for facilities covered under the reformed Safeguard Mechanism in the lead up to the next compliance deadline in March, a move which experts said would help provide a guide on how many below baseline credits facilities are likely to generate. 

Japan has given the green light to the registration of 18 projects under the J-Credit scheme, which are capable of generating nearly 1.2 million carbon credits over their lifetimes.

UK carbon prices are expected to remain around current levels through next year, with analysts maintaining a generally bearish outlook for the market due to persistent oversupply, delayed policy reforms, and wider challenges that many think will all but ensure the ETS is not re-connected to Europe's this decade.

Brazilian Senator Otto Alencar (PSD-BA) said Wednesday that he and a group of lawmakers will soon present a revised proposal for a national cap-and-trade system, aiming for a vote next month.

California Carbon Allowances (CCA) futures reversed sharply in tandem with a sell-off in Low Carbon Fuel Standard (LCFS) credits this week ahead of a board vote on proposed changes to the state's clean fuels programme, while Washington Carbon Allowances (WCA) remained out of the spotlight.  

The UK government has formally proposed legislation across the country's four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.

A Vancouver-based carbon credit financier announced Thursday its purchase of 1.2 million credits from a Brazilian REDD+ project, designed to conserve nearly 200,000 hectares of Amazon rainforest.

The New Zealand government on Friday updated the baselines for free allocation of permits to industrials for the first time since 2010, but postponed final decisions on the steel and aluminium sectors until April next year.

Colombia-based international carbon standard Cercarbono is building compatibility with 'nesting' and jurisdictional REDD+ (J-REDD) into its forthcoming updated REDD+ methodology.

Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.

A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.

A group of NGOs said Thursday they have filed a complaint to the UN Environmental Programme (UNEP), arguing that its backing of the Taskforce on Nature-related Financial Disclosures (TNFD) has undermined environmental stewards and rights holders.

CAF, the Development Bank of Latin America and the Caribbean, will collaborate on a blockchain-based conservation instrument and support marine biodiversity credits in the region, it announced at COP16 on Thursday.

A UN-backed organisation has conducted a survey on the demand for biodiversity credits, with over half of participants claiming to be highly confident in their ability to participate in the fledgling market.

A Nova Scotia-based company that utilises ocean alkalinity enhancement (OAE) that aims to achieve CO2 removal (CDR) has completed a $11.35 million Series A funding round, according to a Thursday press release.

If the entirety of Brazil’s blue carbon stock from mangroves were converted into tradeable tonnes of carbon, its value would total billions, as per an NGO study launched Thursday at COP16 in Cali, Colombia.

The European Parliament voted a resolution on Thursday questioning the choice of hosting the United Nation's upcoming COP29 climate summit in Azerbaijan, a country it accuses of human rights violations and whose revenues come chiefly from the extraction of natural gas.