Carbon Pulse

The global economy is already committed to an income reduction of 19% until 2050 due to climate change, even if CO2 emissions were to be drastically cut starting from today, according to a study published in the journal Nature on Wednesday.

The Memorandum of Understanding (MoU) between California and Norway signed Tuesday, establishes a framework of voluntary cooperation on areas including clean energy, zero-emission transportation and ports, carbon removal, and climate-smart agriculture.

The European Commission will prioritise Article 6 and voluntary markets as part of its international outreach efforts, in addition to compliance carbon markets, a senior EU official said on Wednesday.

Implementing an EU-wide biodiversity monitoring platform could cost up to €40 billion over the next decade, with each euro invested estimated to pay off up to 10 times, a researcher involved in the project said Wednesday.

The Scottish government has set out exploratory plans for how it will create a flow of investable natural capital initiatives, including biodiversity credits.

An invesment management firm has launched a new energy transition exchange-traded fund (ETF) tracking several compliance carbon markets.

European carbon allowance prices retreated on Wednesday morning as gas prices weakened after four days of gains with the benchmark EUA contract giving up a big chunk of Tuesday's steep rally, while an inconclusive set of Commitment of Traders data saw some question the conviction of speculative traders in the bearish trend.

A direct air capture (DAC) company is expanding its remit to enable clients to purchase a range of different voluntary carbon removal credits, including from nature-based projects, as part of a portfolio service designed to complement its technology development provision. 

Corporations are still paying a premium for higher rated nature-based carbon credits, according to research by a rating agency ahead of the emergence of the first credits earning the ICVCM’s Core Carbon Principle (CCP) stamp of high integrity.

Carbon capture and storage has been passed by for better technologies to decarbonise the steel sector, according to analysis released this week.

A major scale-up in investment and policy support is required for Northwest Europe to meet its hydrogen targets, the International Energy Agency (IEA) said in a report published on Wednesday. 

South Korea has cancelled this month's carbon allowance auction, as demand in the national carbon market remains weak amid a persisting glut of allowances.

Australian biodiversity credit developer Wilderlands has just passed 100,000 units sold, each of which protects one square metre of land, but wants to increase that ten-fold within the next year.

A recent entrant to the carbon insurance market is looking to meet demand from potentially “very big investments” in projects that would meaningfully move the market, but may need to corral capital from fellow insurers to support it.

Temasek subsidiary GenZero and project developer South Pole on Wednesday launched the Asia Centre of Carbon Excellence (ACCE) to focus on what they called “novel” carbon solutions to improve Singapore’s carbon trading, policy, and project development, as well as the energy transition.

One of Japan's biggest oil refiners has made its first foray into the forest carbon market, as it continues to seek opportunities in the carbon removal sector as part of its climate strategy, it announced Wednesday.

The Malaysian state of Sabah will soon trade the first tranche of verified carbon units (VCUs) for its forestry project registered under Verra as it has met international standards.

Uncertainty looms over coastal and marine habitat conservation, as the emerging biodiversity credit markets are not yet consistent enough to drive adequate investments in ecosystem protection efforts, a NatureMetrics executive said Tuesday.

Monthly data from Indonesia’s carbon exchange saw March traded volumes rise slightly higher, but the market still remains largely dormant.

Many non-EU countries lack resources to produce the biodiversity indicators required under the Kunming-Montreal Global Biodiversity Framework (GBF), a survey by the UN Environment Programme (UNEP) has shown.