Carbon Pulse

RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.

A UK-based climate risk analysis startup has raised $3.5 mln in seed funding, it announced Monday.

An energy distributor has announced a project partnership with another Quebec-based carbon capture and sequestration (CCS) company, aiming to decarbonise their industrial operations.

Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.

While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.

A Canadian manufacturer of sustainable hemp products has bought a majority stake in a platform that creates and distributes carbon sequestration certificates to projects that use the material, as it looks to expand its reach in the voluntary market. 

There needs to be a more transparent and predictable approach to regulatory interventions in the EU ETS, a report from a think tank said Monday.

European carbon prices fell sharply in line with energy markets on Monday morning, as tensions in the Middle East appeared to lessen after Iran's drone strikes against Israel were largely defeated, with analysts and market participants reporting a general relaxation.

The Danish government has allocated DKK2 billion ($285 million) to initiatives aimed at strengthening biodiversity across the country, including planting forests and enhancing water ecosystems.

Global carbon markets are slowly moving towards standardisation and there will be a demand for specific types of carbon from a specific group of people, according to the co-founder of an Indian climate startup.

Non-profit tech company and the Bloomberg Ocean Initiative have launched an open-source tool to track progress in sea conservation across the world, and presented it during the ongoing ocean conference in Athens, Greece.

Japan on Monday released a funding call under the Joint Crediting Mechanism (JCM) for hydrogen or other new technology projects that so far have been moving ahead without carbon finance.

The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc's ETS.

Southeast Asia will need $1.5 trillion to reduce the 2.4 gigatonnes of CO2e required to meet its 2030 emissions targets, but is “woefully” off track, according to a report released Monday.

China has published a set of emission factors for the power sector, as it seeks to strengthen carbon accounting requirements for domestic companies for the national emissions trading scheme as well as ahead of the introduction of the EU carbon border adjustment mechanism (CBAM).

Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.

An Australian activist capital fund has launched a takeover bid for a local carbon project developer, it told the market, one of several investments it has made in the country’s carbon industry.

The continued growth of Australian Carbon Credit Units (ACCUs) holdings by Safeguard entities and intermediaries has caused ANZ to downgrade its 12-month forecast price, but the bank noted there would still be some upside pressure.

Debt-for-nature and debt-for-climate swaps could free up more than $100 billion to spend on restoring nature and climate mitigation and adaptation, according to updated analysis based on a 2022 report by the UK-based International Institute for Environment and Development (IIED).