Carbon Pulse

Romania has published a draft emergency law outlining a schedule for the phaseout of all its remaining coal power capacity by end-2030, two years earlier than it set out just eight months ago as the country ramps up renewables investments.

A former EU negotiator for carbon markets under the Paris Agreement has joined Amazon founder Jeff Bezos’ vehicle to fight climate change and protect nature.

The carbon offset subsidiary of a Chinese forestry and paper company has secured a 200-million yuan ($30 mln) bank loan at a preferential interest rate to develop forest carbon projects across a number of domestic and international offset standards.

A group of key industrial players have joined SteelZero, adding momentum to the initiative as it has just published a set of policy guidelines to help speed up the transition towards the use of low carbon steel.

A handful of OTC block trades pushed volumes in China’s emissions market over the past week above 1 million, but the price remained unchanged and market outlook tempered by the overall policy situation.

An Australian researcher has called on the soil carbon methodology to be barred from generating carbon credits, arguing the practices used are not additional, have limited impact, and place an unnecessary cost burden on landowners.

Australian telecoms giant Telstra has retired almost 1.5 million CERs from three Indian wind power projects that will go towards its annual carbon neutral certification under the Climate Active programme.

An Australian project developer on Thursday announced plans to develop a blue carbon project in Papua New Guinea that it says can generate almost 10 million carbon credits over the scheme’s lifetime, the first concrete project plan to emerge under the Indo-Pacific Carbon Offset Scheme (IPCOS).

A daily summary of our news plus bite-sized updates from around the world.

A new £200-million fund has been launched to help British farmers decarbonise.

EU nations have accelerated their shift away from fossil-based power generation by almost a third since the pandemic and war in Ukraine, analysis by environmental think-tanks showed on Wednesday.

Oregon’s Department of Environmental Quality (DEQ) has set baseline emissions levels for electric companies and the amount of GHG reductions necessary for retail electricity providers, as part of the state’s Clean Energy Targets legislation passed last year.

A Sydney-headquartered offset project developer on Wednesday announced it has acquired an estate in northern California that will be used almost entirely to manage carbon stocks and sequester atmospheric CO2 under the state's compliance offset market. 

An impact investment fund has invested $4 million in a Kenyan-based manufacturer of cookstoves to help accelerate the company’s African expansion.

A Europe-based transportation emissions auditor has been acquired by a Dutch TIC firm, they announced Friday.

Carbon inflation has become the new “normal” for participants in the EU Emission Trading System (ETS) who warn the cap-and-trade market is undermining competitiveness, a survey finds.

A plan to sell roughly 250 million EUAs from the Market Stability Reserve would depress EUA prices in the near term, but would lead to an overall tightening of the market later in the current phase, an analyst said on Wednesday.

EUAs posted modest gains in another thinly-traded session on Wednesday morning, as traders focused on events in Brussels where lawmakers were setting out positions ahead of next week's full Parliament vote on the EU ETS reform package.

Any move to lower the emissions baseline for major emitters participating in Australia’s Safeguard Mechanism will drive investment in hydrogen and other low carbon technologies, the chair of the country’s Clean Energy Regulator said at a conference on Wednesday.

Carbon credit trade is set to increase 30-40-fold by 2035, in turn driving their price as high as $150/tonne by the middle of the next decade, according to a report released Wednesday modelling global market scenarios consistent with meeting the goals of the Paris Agreement.