Carbon Pulse

EUA prices moved higher on Friday morning as a volatile week neared its close with traders seeing resistance at around €85, while natural gas prices headed for their sixth successive week of losses as the market reached the height of the winter season with plentiful supplies amid mild temperatures.

A UK forestry fund has added 11 new nature-based projects to its portfolio from activities across Scotland and Wales and has secured planning permission for another three, the firm announced Thursday.

The Environment Protection Authority (EPA) of Australia’s New South Wales (NSW) state government released on Friday final versions of its climate change policy and action plan, both of which outline how the regulator seeks to reduce, within its remit, GHG emissions in the country’s most populous state.

The spot price for Chinese carbon allowances edged up ahead of the Lunar New Year holiday with an uptick in the weekly trading volume, though the improvement in trading activity may not be enough to ignite market participants’ enthusiasm, given the challenges faced by the country's power sector.

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Deliberate climate policy actions targeting three “super leverage” points could trigger a cascade of broader decarbonisation in sectors that cover 70% of global GHG emissions, a report presented at the WEF annual summit in Davos on Friday stated.

A Brazilian mining company on Wednesday announced it has entered into a contract to purchase carbon credits over the remainder of the decade from an Amazonian REDD+ project.

Gasoline sales in California for October climbed slightly after last month's drop but stayed below historic levels, while diesel consumption declined considerably, according to state data released Wednesday.

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California Carbon Allowance (CCA) prices retreated in line with broader macro risk-off sentiment but still managed to hold onto weekly gains, while Washington Carbon Allowances (WCA) bide their time as markets await direction from next month’s auction.

Trade ministers from more than 50 nations on Thursday launched the first ministerial-level global forum dedicated to trade, climate, and sustainable development issues, aiming to promote trade policies that can help address climate change locally and worldwide.

Tokyo Gas on Thursday announced one of its California-based subsidiaries has invested in a direct air capture (DAC) firm, and will seek to collaborate on deploying the technology in Japan.

The European Energy Exchange (EEX) has taken a stake in a startup marketplace for trading greenhouse gas (GHG) quotas used by German transport fuel suppliers, deepening its interest as regulation of the sector's emissions increases across the EU.

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EU industry should not expect major changes to the carbon border adjustment mechanism (CBAM) following a 2025 impact assessment examining the value chains of covered sectors, the EU's top official on the issue told an event on Thursday. 

A highly fragmented carbon developer ecosystem is building as investments of more than $10 billion were made in 2022 across more than 65 deals, up $3 bln year-on-year, according to a report published on Thursday.

A carbon credit ratings agency on Thursday disputed articles published by several media outlets that claimed as many as 94% of credits from a sample of Verra-issued REDD+ projects do not represent genuine emission reductions, comparing the findings of the investigation against its own analyses.

An oil major on Thursday said it believes the voluntary carbon market (VCM) will grow from its current $2 billion valuation to reach $10-40 bln by 2030, with bullish credit price projections based on strong demand increases and tightening supply in the coming years.

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The European Commission has opened a public consultation into proposed new regulations that would beef up the market regulator’s powers to investigate trading activity in the EU ETS, after legislators last year agreed to deepen oversight of the bloc's carbon market.