Carbon Pulse

Carbon prices in Europe began the week on a sharply bearish note in line with wider energy markets, encouraging traders to build additional short positions but also highlighting the degree to which EUAs and UKAs are being driven by fluctuations in natural gas.

A European operator of LNG terminals is looking to expand into CO2 and ammonia processing as it seeks to capitalise on new sources of income in the energy transition.

Seventeen banks globally have joined calls for a Fossil Fuel Non-Proliferation Treaty to end the use of fossil fuels and have called on the financial industry to follow their example.

Paraguay's new voluntary carbon market law will help the country monetise its natural parks, a top minister told the 2024 Spring Meetings of the International Monetary Fund (IMF) in Washington DC, after changes to the additionality section in the law’s first draft appeared to expand the lands eligible for carbon projects.

A partnership led by the government of Mongolia and The Nature Conservancy (TNC) has raised $198 million in commitments towards conservation and sustainable communities, with similar initiatives in up to 20 other countries in the pipeline.

A Tokyo-listed engineering consultancy has teamed up with a climate tech firm to secure credits from nature-based solutions (NbS) around the world through early investments.

Public companies are well ahead of their private counterparts when it comes to setting emissions reduction targets and net zero pledges, with a far larger proportion of the latter yet to make any, according to a report released Monday.

The government of Japan has opened the door to the use of international credits in its domestic carbon market, adding four types of eligible carbon removal projects to the GX-ETS.

Deals in climate tech and industrial decarbonisation played a key role in driving the recovery of European venture capital in Q1 2024, as investors seek opportunities to tackle the climate crisis, according to an analyst report.

Europe was severely impacted by climate change last year, according to data released today by the EU's Copernicus Climate Change Service and the World Meteorological Organisation, and things seem only to be getting worse.

The federal government has announced 6 gigawatts of new variable renewable energy projects will go out for tender in May, as part of its Capacity Investment Scheme (CIS).

The government of Cote d’Ivoire has reportedly asked Dutch bank Rabobank to suspend its carbon credit origination activities in the Nawa region of the country, claiming that emissions reductions previously sold to buyers including Microsoft were state property and contracted to another party.

A Tanzanian project developer has signed an agreement with a local district council to implement a forest conservation scheme covering 250,000 hectares across 14 villages.

Guyana is the first Small Island Developing State to report on its climate action pledge under the Paris Agreement, acting ahead of the Dec. 31, 2024 deadline, the UN’s climate change secretariat announced Friday.

The EU is allocating €28.5 million in investments towards small-scale industrial CO2 removal and CCUS projects as part of its LIFE programme, a bloc-wide initiative for funding environmental and climate actions.

The Energy Transition Accelerator (ETA), a US-led jurisdictional carbon crediting programme, on Friday detailed its recent developments, while the top US climate envoy said that federal guidelines for the use of offsets will be published in the coming days.

The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation's dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.

Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.

A CO2 pipeline developer is being taken to court by one of its suppliers for terminating their agreement, amid increasing opposition from permitters and stakeholders that has delayed construction of a major US project.

International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.