Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 27 min 49 sec ago
Industrial heat pumps could cut 77 mln tonnes of GHGs in US in 2030 -study
Using electric heat pumps at manufacturing facilities could cut the US industrial sector's emissions by 5% below projected levels in 2030, according an environmental policy firm study published Friday.
Categories: Around The Web
US state laws may constrain CCS rollout across power sector, say experts
Constraining US state laws could limit opportunities for natural gas power generation combined with CCS when planning for long-term decarbonisation of the power sector, a summit heard this week.
Categories: Around The Web
Three ARR projects in Uruguay found to have higher additionality risks
Three ARR forestry projects in Uruguay have had slight downgrades in ratings by one agency this week, although they were still given a moderate chance of avoiding or removing CO2, while a fresh rating was awarded to a renewables projects in India.
Categories: Around The Web
Energy treaty teeters as France the latest to signal exit on climate concerns
France on Friday became the latest EU nation to signal that it will withdraw from the Energy Charter Treaty (ECT), with the governments concerned that the pact will undermine their efforts to cut emissions in line with the Paris Agreement.
Categories: Around The Web
FEATURE: A year in, the crypto carbon market is sober but still bullish
This week marks the one-year anniversary since a handful of crypto outfits burst onto the scene to send shockwaves through the carbon market, and despite a series of setbacks since then participants remain convinced that Web3 will play a major role in the future of carbon trading.
Categories: Around The Web
Euro Markets: Midday Update
European carbon continued to trade in its narrow channel on Friday, setting up the narrowest weekly high-low since April as many traders again stayed away, while energy prices fell back as the prospects of healthy winter supplies erased Thursday's gains.
Categories: Around The Web
CN Markets: Momentum still lacking in China’s carbon market, as political focus elsewhere
Traded volumes in China’s national emissions trading scheme remained stable over the past week with prices moving just marginally, and observers expect the negative sentiment to continue in the near term.
Categories: Around The Web
Green Climate Fund approves nine new projects to bring portfolio to over $11 bln
The Green Climate Fund (GCF) has approved nine new climate projects worth $544.1 million, and a further $1.7 billion with co-financing, it announced in Friday as it concluded its final board meeting for the year.
Categories: Around The Web
FEATURE: Experts cool on crediting ocean-based removals despite surging interest
Despite an increase in interest for ocean-based CO2 removals, experts are sceptical on their capacity to grow into large-scale carbon credit-generating technologies amid substantial hurdles relating to MRV, regulation, and the nascency of the technology itself.
Categories: Around The Web
UPDATE – Western Australia places tougher GHG control and reporting requirements on Chevron’s Gorgon CCS
The Western Australian government has placed stricter GHG emission sequestration controls on Chevron’s Gorgon LNG CCS facility in the state’s north west.
Categories: Around The Web
Australian company completes trial of sustainable biomass use to displace coal at steel plant
A Sydney-based sustainable biomass company has successfully completed the first trial of renewable carbon material that can directly replace the use of fossil carbon in Electric Arc Furnace (EAF) steelmaking, it announced on Friday.
Categories: Around The Web
Australia commits extra A$200 mln to Great Barrier Reef protection, fund blue carbon projects
The Australian government has announced an extra A$200 million to go towards protecting The Great Barrier Reef – a portion of which will go towards blue carbon restoration projects in the area.
Categories: Around The Web
CP Daily: Thursday October 20, 2022
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
NA Markets: Macro market weakness derails CCAs, RGAs trek higher
California Carbon Allowance (CCA) and RGGI Allowance (RGA) prices gave back most of last week’s gains, falling back in step with broader market weakness after two weeks of respite from nearly two months of declining price action.
Categories: Around The Web
Environmental markets platform IncubEx hires more ex-ICE talent
Environmental markets platform IncubEx has hired another trading expert formerly with rival ICE.
Categories: Around The Web
US agricultural carbon removals startup raises $6 mln for volcanic dust CO2 capture programme
An agricultural carbon removals startup has raised over $6 million in seed funding to scale up its business of using volcanic rock dust to capture CO2 and improve crop yields.
Categories: Around The Web
US veteran climate experts note optimism on role of carbon markets
Both the voluntary carbon market (VCM) and international carbon trading under the Paris Agreement should be leveraged for their potential to drive private sector capital towards GHG mitigation, US climate experts said during a summit on Thursday.
Categories: Around The Web
EU leaders gather for energy price talks, REPowerEU gets little early attention
EU leaders gathered for two-day talks in Brussels on Thursday seeking to debate new energy price-taming measures, with an idea for larger REPowerEU funding getting little attention as negotiations were set to continue late into the night.
Categories: Around The Web
Ireland to buy EU and international carbon units to meet its non-ETS target
Ireland intends to source both intergovernmental EU carbon units and international offset credits to meet its non-ETS EU emissions obligations, after EU data published this week revealed the nation as the only member state with a major shortfall for 2020.
Categories: Around The Web
EU lawmakers want bloc to deepen emissions goal, climate finance ahead of COP27
The European Parliament passed a resolution on Thursday urging member states to raise the EU's 2030 emissions reduction target and disburse more money to developing countries starting this year.
Categories: Around The Web