Carbon Pulse

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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 44 min 11 sec ago

Investor group doubles down on strict removals limits despite member exits

Wed, 2023-02-01 06:48
A global institutional investor group on Tuesday set out fresh guidance to limit the use of carbon removals among its members’ holdings, doubling down on its hardline stance despite several recent high-profile exits.
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Verra technical review finds “worthless” media over-crediting claims to be unfounded

Wed, 2023-02-01 05:45
The largest carbon crediting programme in the world, Verra, responded on Tuesday with a full technical review of the recent media reports that over 90% of its rainforest carbon offsets were worthless, disputing the articles as unfounded.
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ANALYSIS: Will New York’s cap-and-invest programme revive TCI-P or go west?

Wed, 2023-02-01 04:00
New York’s economy-wide carbon market under development is poised to eventually link with other states, but whether that happens with California, Washington, or a revived Transportation and Climate Initiative Program (TCI-P) remains unclear, experts told Carbon Pulse.
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Carbon credit ratings suggest few REDD+ units are duds, says investor

Wed, 2023-02-01 03:48
Only a minority of REDD+ forest carbon credits currently available in the market are faulty, according to analysis by an investment group using rating agency data, suggesting the reverse of damning findings in media reports earlier this month that condemned almost all the units as worthless.
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Carbon credit initiative reveals majority of assessed units are low in quality

Wed, 2023-02-01 02:43
An initiative that scores carbon credits based on their quality across various criteria has assessed a majority of units as low in at least one category as part of a recent expansion, it announced during a virtual event Tuesday.
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EU internal electricity market remains out of sight, say auditors

Wed, 2023-02-01 02:28
The EU has made slow progress towards connecting electricity markets, according to a report by the European Court of Auditors (ECA) published on Tuesday, undermining efforts to ensure access to cheap and secure power while driving emissions cuts via the bloc's carbon market.
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Euro Markets: Midday Update

Tue, 2023-01-31 23:06
EUA prices jumped to a five-month high on Tuesday even as traders looked for signs of whether or not the recent rally has further to go, while power and gas prices rose on forecasts for colder temperatures and a slight delay to the restart of a key LNG import terminal.
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Tokyo Stock Exchange ends J-Credit trial run ahead of April market launch

Tue, 2023-01-31 22:58
The four-month trial run of J-Credits on the Tokyo Stock Exchange ended Tuesday, with the bourse now set to refine its carbon trading platform ahead of the April launch of the GX League.
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UK outlines nature restoration plans and green space boost

Tue, 2023-01-31 22:06
The UK government plans to expand or create 25 national nature reserves and ensure that everyone in the country is no more than a 15-minute walk away from a green space or area of water, it said Tuesday.
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UK industry urges end to “reticence” to seize economic opportunity of net zero

Tue, 2023-01-31 21:08
Net zero is clearly now an economic opportunity in its own right, according to stakeholders in UK business and industry in a report due to be published on Tuesday that urges the British government to be bold in its approach to green growth ahead of several pieces of key legislation due in 2023.
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Danish foundation launches biodiversity impact investment initiative

Tue, 2023-01-31 20:47
The Copenhagen-based Hempel Foundation has launched the Impact Investment Initiative for Biodiversity on Land, which has made its first investments in two funds that back sustainable plantation forestry and reforestation in Southeast Asia and Latin America.
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South Korea moves up deadline for new ETS plan by a year

Tue, 2023-01-31 18:39
South Korea has moved the deadline for finalising the 4th basic plan for the national emissions trading scheme by a year in order to faster align the programme with its increased ambition under the Paris Agreement.
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SAF, carbon removal essential for offset-dependent aviation to reach net zero by 2050, study says

Tue, 2023-01-31 18:01
Aviation faces a huge task to drastically reduce its GHG emissions given expected increases in demand for air travel and air freight transport over the next three decades, which in turn will require significant investment in a combination of sustainable aviation fuels (SAF) deployment and carbon dioxide removal (CDR) technologies for the sector to reach net zero emissions by 2050, research released on Monday has found.
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NZ Market: NZU stockpile grows as speculators continue to hoard, but seen unlikely to get much bigger

Tue, 2023-01-31 14:38
The stockpile of NZUs in New Zealand’s ETS continues to grow, but at a slightly slower pace than in previous quarters as the NZU price remains flat following last month’s correction.
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CP Daily: Monday January 30, 2023

Tue, 2023-01-31 12:06
A daily summary of our news plus bite-sized updates from around the world.
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EU power sector emissions post marginal rise in 2022 as weak winter demand offsets coal burn

Tue, 2023-01-31 10:01
EU power sector emissions rose 4% year-on-year in 2022 as weak winter demand and surging renewable output dampened the impact of much higher coal burn, according to data collated by an environmental think tank.
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US court grants small refiners relief from Renewable Fuel Standard obligations, pending appeal

Tue, 2023-01-31 09:06
A federal court on Friday reversed the US EPA’s decision last year to deny compliance obligation exemptions to a pair of small refiners under the Renewable Fuel Standard (RFS), sending biofuel credit (RIN) prices lower even as judges have yet to rule on the merits of the case.
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Nova Scotia carbon market emissions rebound above cap in 2021 on fuel sector strength

Tue, 2023-01-31 08:33
GHG output under the Nova Scotia cap-and-trade programme exceeded the scheme’s allowance budget in 2021, as an increase in fuel emissions offset abatement in the power sector, according to government data published Monday.
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RGGI Market: RGA prices tread water as traders look towards auction, emissions data

Tue, 2023-01-31 08:31
RGGI Allowance (RGA) values rose slightly last week, halting a slide in prices, on expectations that the upcoming release of Q4 emissions data and the March auction will revive trading in an otherwise stagnant market.
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Plan Vivo prepares release of draft protocol for biodiversity credits

Tue, 2023-01-31 06:00
The first biodiversity credits issued by a major standard are rapidly approaching market readiness, as Plan Vivo Foundation looks set to publish its draft biodiversity protocol on Tuesday.
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