Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 20 min ago
Respira unites with investment firm to launch funds for nature-based projects
Climate financier Respira has joined forces with an impact investment firm to launch two funds for financing nature-based carbon offset projects and accelerating climate action, the investment firm announced Tuesday.
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Swedish platform sees first commercial biodiversity credit transaction
A Swedish exchange offering trade in biodiversity credits on Tuesday announced its first transaction, with a sales and marketing firm picking up units from the protection of an 11-hectare forest area for five years.
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China’s transformation plan may discourage new coal, report says
China's transformation strategy for coal-fired power plants could help drive a phase-out of the fossil fuel, given that co-firing and carbon storage approaches remain costly, a report has argued.
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Australian Cassowary Credit methodology, standard put out for consultation
The market regulator overseeing Australia’s reef credit scheme has published a draft Cassowary Credit standard and Rainforest Replanting methodology for a 30-day consultation, it announced Tuesday.
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Most private equity firms receive near-failing grades on climate action in 2024 scorecard
A scorecard ranking private equity firms on their climate impact paints a grim picture, with most major players receiving near-failing grades.
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CWNYC24: RGGI’s proposed updates could split regional power market -experts
The proposed updates from RGGI states could divide the regional power market into trading zones each with a different emissions cap and separate allowance types, a panel of experts discussed at Climate Week NYC last week.
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NZ government lays out its climate, ETS agenda for the rest of the year
The New Zealand government has announced the next steps it intends to take on emissions trading, forestry, and agriculture-related measures, in its latest quarterly action plan published Monday.
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EU carbon prices to face more bearish “headwinds” before turnaround by 2026 -analysts
European carbon prices will continue to face bearish “headwinds” that will extend into next year, but will start to see a turnaround by 2026, analysts said Monday.
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RGGI Market: Third Program Review proposals hold more questions than answers
RGGI Allowances (RGAs) in the secondary market continued to slide through the week after the release last Monday of the long-awaited Third Program Review proposed changes, with traders expecting further pressure on prices.
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Washington’s cap-and-invest participation continues to increase despite programme repeal risks
The number of entities registered with active accounts in Washington’s cap-and-trade programme once again increased in an early look at Q3 data, despite the lack of clarification from the regulator regarding the worth of allowances if the scheme is repealed through the ballot initiative.
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US can reach 65% emissions reduction by 2035 with strong subnational support -study
The US has a pathway to cut emissions by 65% from 2005 levels by 2035 and meet its climate goals under the Paris Agreement if there is an “all-of-society” approach, according to a new study.
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Natural gas necessary bridge fuel in US grid decarbonisation, CCS not yet commercially viable -report
Natural gas will remain important to bridge the gap in energy demand for "many decades" as the US grid expects greater additions of solar and wind power, but carbon capture technology is not yet commercially competitive, according to a study published Monday by a US public policy think tank.
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Environmental group sues Vermont for alleged failure to comply with state climate law
The Vermont chapter of a New England-focused environmental group filed a lawsuit against the state agency, alleging failure to comply with greenhouse gas (GHG) reduction-related requirements under its climate law.
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Morgan Stanley IM closes climate equity fund at $750 mln
Morgan Stanley Investment Management announced Monday that it closed its climate-targeted private equity fund at $750 million after attracting investments from firms in Europe, North America, and Japan.
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VCM Report: Market hopeful for COP29 boost despite weak liquidity
Liquidity continued to drag in the voluntary carbon market in the last week of September amid the distraction of New York Climate Week, although the summit has stirred hopes of a breakthrough at COP29 in November.
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Saudi firm to launch voluntary carbon exchange at COP29 -media
A state-backed Saudi company created to scale up the voluntary carbon market (VCM) in developing countries will launch a trading platform at COP29 and seek to integrate regional markets, local media has reported.
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DATA DIVE: Britain’s coal achievement comes against backdrop of ever-increasing global consumption
On Sep. 30, Britain's last coal-fired power plant in operation, at Ratcliffe-on-Soar in Nottinghamshire, powered electricity to the UK grid for the final time.
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Majority of buyers prefer carbon removals to avoidance, reductions -survey
A survey of voluntary carbon market (VCM) stakeholders has shown that nearly 90% of buyers do not plan to use ubiquitous reduction or avoidance credits in their corporate decarbonisation strategies.
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Kenyan cookstove manufacturer secures $9 mln investment through carbon credit partnership
A Kenyan clean cookstove manufacturer has received a $9.2 million investment from a London-based financial firm, it announced Monday.
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EU agriculture policy failing on climate, auditors say
The EU's Common Agricultural Policy (CAP) is failing on its green ambitions, despite its aim to increase environmental and climate ambition for the 2023-27 period, according to the European Court of Auditors (ECA).
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