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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 18 min 7 sec ago

ANALYSIS: More nature-related shareholder proposals trigger corporate resistance

Thu, 2024-05-02 21:36
Investor interest in nature has ramped up in this year’s voting season, boosted by some of the first calls for standard-aligned biodiversity disclosures, with financiers hailing a surge in awareness despite more corporate resistance.
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Agri-carbon investor adds 300k hectares in Ukraine to voluntary credit programme

Thu, 2024-05-02 21:24
A European climate tech investor, specialising in decarbonising agriculture, has added 300,000 hectares of farmland in western and central Ukraine to its carbon programme, which will then be certified for voluntary soil-based credits from more sustainable practices.
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Euro Markets: Midday Update

Thu, 2024-05-02 21:22
European carbon prices jumped sharply on Thursday morning, following a leap in natural gas prices, as speculative traders were said to be further reducing their short positions in carbon after Wednesday's Commitment of Traders data showed investment funds had trimmed their overall bearish bets for a third week in a row.
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ANALYSIS: ‘Old habits die hard’ as polluters continue to surrender EUAs in April despite deadline shift

Thu, 2024-05-02 20:21
Compliance entities have continued to surrender large volumes of European carbon allowances in April despite the deadline moving to the end of September this year, with analysts attributing this to a case of 'old habits die hard' given the limited finanical benefit for giving up the permits in advance.
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World could miss Paris temperature target by factor of 100% -report

Thu, 2024-05-02 19:51
The world is far off track to keep warming to 1.5C above pre-industrial levels or the temperature needed to avoid catastrophic climate change, according to research released Thursday.
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Korean tech firm launches carbon verification services, supports exporters to meet EU data disclosure rules

Thu, 2024-05-02 19:42
The tech arm of a South Korean conglomerate has launched verification services to help domestic emitters cope with tighter data disclosure requirements proposed by the EU, it announced Thursday.
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PepsiCo biodiversity disclosure proposal receives 18% of votes

Thu, 2024-05-02 19:07
Approximately 18% of shareholders at drinks giant PepsiCo voted in favour of a resolution to disclose its biodiversity impacts on Wednesday, Carbon Pulse has learned.
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ICVCM decision on first eligible voluntary carbon methodologies delayed til June as Verra, ART get nod of approval

Thu, 2024-05-02 18:00
Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)'s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.
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Australia developing savanna fire management ACCU method that credits sequestration for the first time

Thu, 2024-05-02 16:18
The Australian government is developing two new savanna fire management (SFM) method proposals, including one that will propose to credit sequestration in living vegetation for the first time, a department spokesperson confirmed to Carbon Pulse.
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Oil and gas, agriculture lobbying to weaken international methane rules, NGO claims

Thu, 2024-05-02 14:01
The oil and gas and agriculture industries are consistently, and successfully, lobbying to weaken regulations to cut methane emissions worldwide, an NGO claims in research published on Thursday.
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Clean Energy Regulator auditing HIR projects, NGER reports

Thu, 2024-05-02 12:22
A compliance update from the Clean Energy Regulator (CER) Thursday said it had begun gateway audits on several human-induced regeneration (HIR) carbon projects, as well as audits of a number of emissions reports under the NGER scheme.
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LCFS Market: Bear case for prices as credit surplus bank shows no signs of unwinding

Thu, 2024-05-02 10:51
California Low Carbon Fuel Standard (LCFS) prices have continued on a downward spiral, with traders expecting further downside risk as the programme’s credit surplus bank build shows no signs of slowing.
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US details guidance for SAF credit generation under IRA

Thu, 2024-05-02 10:42
The US Department of the Treasury and Internal Revenue Service (IRS) on Tuesday released their updated guidance for sustainable aviation fuel (SAF) tax credits to establish eligibility for fuel producers, incorporating avenues to reward the use of renewable natural gas (RNG) and carbon capture and storage (CCS).
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Major Canadian power producer folds C$2.4 bln CCS project

Thu, 2024-05-02 10:20
An Alberta-based power generator scrapped its C$2.4 bln ($1.7 bln) carbon capture and storage (CCS) project, citing it as not economically feasible, following attempts over several months to secure a carbon contract for difference (CCfD) agreement with the Canadian government.
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EU carbon prices to triple by 2035, analysts predict, publishing amongst first ETS Phase 5 forecasts

Thu, 2024-05-02 10:14
EU carbon prices are expected to triple to around €200 in 2035, analysts said this week, making them among the first teams of experts to forecast out that far.
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RGGI emissions rise 9% YoY in Q1

Thu, 2024-05-02 09:45
Emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade scheme jumped 9.1% year-on-year (YoY) in the first quarter of 2024, as CO2 output in the majority of participating states rose, programme data showed Wednesday.
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Removals buyers’ group seals $58.3 mln offtake with US CDR developer

Thu, 2024-05-02 03:39
A buyers' club and a Houston-headquartered CO2 removal (CDR) developer announced Wednesday the signing of an $58.3 million multi-year offtake agreement, as the group continues its support of the developing market.
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Gold Standard launches new voluntary carbon methodology to credit home food recycling

Thu, 2024-05-02 03:36
Voluntary carbon credit issuing body Gold Standard has unveiled a new methodology that will issue credits relating to home food recycling, it said on Wednesday.
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Market Stability Reserve activation threshold a “key weakness” of EU ETS -analysts

Thu, 2024-05-02 02:37
The current activation point for the principal supply balancing mechanism in the EU ETS, the Market Stability Reserve (MSR), is too high and represents a "key weakness" of the market, according to analysts at a bank.
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EU ETS2 prices could almost quadruple with weak energy efficiency policies in place -report

Thu, 2024-05-02 02:27
The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.
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