Carbon Pulse

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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 30 min ago

China continues to back coal power overseas despite commitment, report says

Tue, 2024-10-15 14:27
China is still supporting the expansion of coal power overseas, with captive units remaining a loophole in the country's overseas coal ban, a report has found.
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Developer hands biodiversity crediting scheme to independent administrator

Tue, 2024-10-15 10:00
Australia’s GreenCollar will hand its NaturePlus biodiversity crediting scheme to Accounting for Nature, in early 2025, for independent administration in a bid to enhance credibility and lay the foundations for market growth.
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LATAM Roundup: A big week for the Paris Agreement’s Article 6

Tue, 2024-10-15 08:54
The week ending Oct. 13, which saw the UN Supervisory Body (SBM) for Article 6.4 circumvent negotiators to help operationalise Paris carbon markets, also welcomed key Article 6 statements out of Chile, ranging from new projects to potential use cases for Paris Agreement credits.
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US fund manager raises $80 mln for new forest conservation vehicle

Tue, 2024-10-15 08:23
A US-registered impact timberland and farmland fund manager has raised $80 million from a single investor in the first close of latest forest conservation fund.
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Broken: Study reveals sharp decline in global land carbon sink in 2023

Tue, 2024-10-15 07:53
Last year saw a dramatic weakening of the global land carbon sink, the system that absorbs CO2 from the atmosphere, as the planet experienced record-breaking heat and severe droughts, a new study warns.
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EU wants more countries to contribute to global climate finance goal

Tue, 2024-10-15 07:36
The EU is holding strong on its position that more countries need to contribute to the next global climate finance goal, with a plan to push for more money while ensuring that the bloc isn't spread too thin, according to the general negotiating mandate for COP29 adopted by climate and environment ministers late on Monday. 
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US EPA challenges that power plant rules can allow coal, gas plants to continue with CCS

Tue, 2024-10-15 07:24
The US Environmental Protection Agency (EPA) denied Republican states' allegations that its latest power plant emissions rules will impact grid reliability, the agency told a US federal appeals court in a filing on Friday.
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ANALYSIS: In ‘new school’ LATAM carbon markets, regulators push growth as ‘old school’ cracks down

Tue, 2024-10-15 07:15
Regulators in up-and-coming Latin American voluntary carbon markets (VCM) are working with the private sector to scale up operations, while market observers point to increasingly hands-on measures curbing the market in ‘old school’ VCM players like Colombia and Brazil.
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Integrating carbon removal credits into EU ETS makes moral and business sense, says BP

Tue, 2024-10-15 03:39
There is both a strong moral case and business case for integrating carbon removal credits from around the world into the EU ETS, a senior member of BP's carbon team told a conference on Monday.
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Poland’s new ‘ambitious’ climate plan foresees sharp drop in coal use by 2040

Tue, 2024-10-15 02:24
Poland’s newly released national and energy climate plan for 2030 foresees a significant drop in coal use this decade and could potentially halve emissions emissions within the decade - 20% more than in the previous 2019 plan.
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CFEL2024: Integrity concerns still keeping voluntary carbon credit buyers at bay

Tue, 2024-10-15 02:05
Companies, banks, and governments need to take concrete steps to incentivise support for the voluntary carbon market (VCM) with persistent integrity concerns still holding buyers back, according to speakers at the Carbon Forward Expo 2024 in London last week.
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VCM Report: Huge REDD trade lifts spirits, prices tick higher ahead of COP29

Tue, 2024-10-15 01:15
A huge REDD trade at a very low value bolstered volumes in the voluntary carbon market last week, and prices in general ticked higher as optimism picked up ahead of the climate talks in Baku next month.
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Non-profit considering global portfolio of biodiversity credit pilots

Tue, 2024-10-15 01:00
Fauna & Flora is considering supporting biodiversity credit initiatives in countries across the world, following an ongoing 500-hectare pilot in South Africa, Carbon Pulse has learned.
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Under-prepared shipping companies may face hefty fines under FuelEU -consultancy

Tue, 2024-10-15 00:47
European shipping companies are not ready for the upcoming FuelEU Maritime regulation and could face significant fines, according to an independent shipping emissions analytics company.
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Indigenous groups in Brazil claim lack of consultation on carbon credits

Mon, 2024-10-14 23:28
A group of Indigenous and community organisations in Brazil’s Para state has issued a public letter condemning the lack of consultation with them on a $180 million carbon credit deal.
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LNG ship building outpaces gas demand, not compliant even with most conservative climate scenario, report says

Mon, 2024-10-14 22:18
The ‘golden age’ of gas and the expanding trade in LNG has led to a glut of carriers being built that is incompatible with even the most conservative climate outlook from the International Energy Agency, a think tank said Monday.
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Euro Markets: Midday Update

Mon, 2024-10-14 21:45
European carbon prices resumed their upward trend on Monday morning as participants continued their accumulation after last week's rally was triggered by investment funds amassing the largest net short position since March, while energy markets posted modest gains amid falling temperatures.
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Researcher flags solutions to biodiversity credit market challenges

Mon, 2024-10-14 21:14
Biodiversity credit markets must consider solutions spanning control sites, verification, and transparency to avoid the pitfalls of carbon credits, a researcher has said.
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All new CO2 emissions from large emitters must be removed, researchers argue

Mon, 2024-10-14 20:02
All new CO₂ emissions from countries with large volumes of historic emissions need to be removed, argues a paper penned by carbon removal experts.
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New Zealand urged to take cooperative approach to addressing 2030 NDC challenge

Mon, 2024-10-14 17:30
Fresh analysis has highlighted the policy paralysis plaguing New Zealand in achieving its 2030 Nationally Determined Contribution under the Paris Agreement, urging it to adopt a more internationally cooperative approach.
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