Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 16 min ago
ANALYSIS: Nature Repair Market needs govt investment, greater transparency, submissions say
Australia’s Nature Repair Market (NRM) rules need greater transparency and additionality assurances to increase investor confidence, while the government must lead investment in order help support its fundamentals, stakeholders have urged.
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WCI Markets: CCA prices cool off post ARB notice spike, WCAs quiet ahead of repeal vote
California Carbon Allowance (CCA) futures prices tailed off Thursday as initial market excitement over ARB's regulatory notice published earlier in the week eased, while the Washington Carbon Allowances (WCA) activity remained muted despite some positive polling for the programme ahead of November's repeal vote.
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US DOE commits nearly $3 bln in conditional loans to expand SAF production
The US Department of Energy (DOE) announced conditional loans totalling nearly $3 billion to two biofuel producers with the goal of expanding sustainable aviation fuel (SAF) and renewable diesel (RD) output.
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US sporting goods company seeks to offset shipping emissions, restore Oregon forests
A major athletics brand seeks to offset the emissions generated by shipment from its online purchases in the US through forestry-based carbon credits, targeting nearly 27,600 acres of forestland in Oregon.
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EU launches €15-mln call for carbon capture technology proposals
The European Commission on Thursday announced a €15-million funding opportunity aimed at advancing technologies in direct air carbon capture and storage (DACCS) and bioenergy carbon capture and storage (BECCS).
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California refinery to close next year, citing ‘market dynamics’
An oil refinery in the Los Angeles area is set to shutter in Q4 2025, less than a week after California's legislature approved controversial fuel supply minimums for in-state refiners, according to a company announcement on Wednesday.
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Russia to put forward plans for int’l carbon market at COP29 -media
Russia will present ideas for creating an international carbon market at the UN climate summit COP29 in Baku next month, local news outlets have reported.
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UPDATE – Carbon project financier launches legal action against Indonesia REDD developers over alleged contract breach
A carbon project financier has launched arbitration proceedings and a court action in Canada against the developers of a large Indonesian REDD project.
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Carbon removal platform opens first reforestation protocol for public consultation
A technology-focused carbon removal programme has for the first time launched a public consultation on a reforestation protocol, the company announced on Thursday.
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BRIEFING: Brussels looking beyond EU ETS integration to finance carbon removals
The European Commission is looking at all options to incentivise carbon removals, not just their potential integration in the EU’s Emissions Trading Scheme (EU ETS), a senior EU official has said.
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BRIEFING: England needs land use framework to determine best intersection of farming and nature
England desperately needs a land use framework to best determine how land should be apportioned for the many competing priorities of farming, nature, carbon, energy, and housing, industry experts said on Thursday.
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Non-profit to launch 300,000 marine biodiversity credits at COP16
Non-profit SeaTrees is preparing to release 300,000 voluntary marine biodiversity credits for sale at UN biodiversity conference COP16 from a Kenyan initiative, Carbon Pulse has learned.
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UPDATE – Verra cancels 5 mln over-issued credits from CQC projects following investigation
Verra has cancelled over 5 million voluntary carbon credits issued to C-Quest Capital (CQC) projects following an investigation launched back in June, also in the wake of charges of fraud by US authorities on former executives at the company.
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Protecting biodiversity in New Zealand could save more than NZ$270 bln over next 50 years -study
Protecting 30% of New Zealand's lands and seas could help the country save more than NZ$270 billion ($163,6 bln) over the next 50 years, according to a study released on Thursday.
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Portugal launches tender for development of voluntary carbon registry
Portugal's energy agency has announced this week a public tender to find a company to develop its voluntary carbon market registration platform.
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Rating agencies could help to scale Article 6 market, says expert
Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.
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Investment manager ranks countries by nature risks
UK-based investment manager Ninety One has launched the Sovereign Biodiversity Index to help investors assess national-level nature risks.
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More than 190k new marine protected areas needed globally to reach 30×30 target, pre-print study says
Over 190,000 new marine protected areas (MPAs) must be established if the world is to meet the 30x30 marine protection target under the Global Biodiversity Framework (GBF), equivalent to 85 MPAs created every day until 2030, according to a study published Thursday.
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China increases CO2 allocation levels in final ETS allocation plan for 2023-24
China’s environment ministry has released the final carbon allowance allocation plan for the years 2023 and 2024, marginally easing the settings for coal-fired power plants compared to the previous draft as some 68 million additional CO2 permits are now set to be handed out in each of the two years.
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Cote d’Ivoire forms office to expedite carbon market regulations
The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.
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