Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 56 min 16 sec ago
Voluntary biodiversity market nascent, uncertain, but growing report finds
A report surveying global biodiversity credit suppliers has found the market is still very much in the embryonic stage, with the demand question yet to be full answered, however there are signs of growing interest.
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New York asset management firm launches $25 mln carbon credit fund
A New York City-headquartered asset management firm has launched a $25 million fund to offer individual investors access to early-stage carbon projects.
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Canada awards $15 mln globally for sustainable forestry projects
The Canadian government has awarded C$20.6 million ($15.4 mln) to 31 projects across the globe aimed at promoting sustainable forestry.
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CFTC: Shift to V25 CCAs extends, traders reduce RGGI exposure
An ongoing build-up of V25 California Carbon Allowance (CCA) holdings comes at the expense of V24s, while RGGI traders reduce exposure as allowance prices in the secondary market decline from summer peaks, according to this week's data released Friday from the US Commodity Futures Trading Commission (CFTC).
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US DOE plans to fund up to $1.3 bln carbon capture projects
The US Department of Energy (DOE) plans to fund up to $1.3 billion in carbon capture and sequestration (CCS) projects, according to a Notice of Intent (NOI) issued on Friday.
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Final Oregon CPP reinstatement discussions explore potential refinements on stringency, costs
Industry opposition to Oregon’s proposed Climate Protection Program (CPP) remained muffled amid strong voices of support for the scheme, although the state’s Environmental Quality Commission (EQC) continues to explore potential avenues for revisions as the programme regulator concluded its final discussions ahead of the rule proposal.
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Brazil’s Amazonas REDD+ recommendation to suspend activities halted as prosecutors defend effort
Brazil's Federal Public Prosecutor's Office (MPF) recommendation to suspend REDD+ activities in the state of Amazonas has been temporarily halted by an oversight committee despite MPF objections.
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CWNY24: BRIEFING – COP29 to encourage private sector role crucial to decarbonisation
The private sector is poised to take an increasingly important role in achieving global decarbonisation tasks, according to speakers at the New York edition of the World Climate Summit 2024 on Wednesday, in line with Climate Week NYC programming.
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US House introduces bill to lift EPA’s summertime ban of E15 fuel sales
A bipartisan group of representatives in the US House of Representatives introduced legislation Friday that would enable the year-round sale of E15 fuels at retail gas stations across the nation.
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CWNYC24: Canadian carbon markets brace for shifting political, investment landscape
Impending federal elections and investment enthusiasm for carbon capture, utilisation, and storage (CCUS) are weighing on Canadian emissions trading systems, experts discussed during Climate Week NYC on Thursday.
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Global consultancy questions rationale of California’s proposed LCFS 15-day rules in restricting low carbon fuel market access
California ARB’s proposed 15-day notice for its Low Carbon Fuel Standard (LCFS) draft rules issued last month disproportionately restricts or constrains market access, a webinar heard Thursday, with expectations for credit prices based on potential adjustments to the regulator's highly anticipated second 15-day notice package.
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CWNYC24: Brazilian J-REDD deal ignored governor’s tainted record, say Indigenous leaders
A buyers’ club for jurisdictional REDD (J-REDD) credits announced a R$1 billion ($180 million) offtake agreement with a Brazilian state at Climate Week NYC despite its government’s ongoing bias toward mining and agribusiness, Indigenous leaders have said.
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EU applies ‘resilience criteria’ to bolster domestic cleantech
The European Commission will apply a 25% cap on sourcing electrolyser stacks from China in the next auction of its Hydrogen Bank, but local content requirements remain controversial, participants heard at the EU's cleantech summit this week.
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CWNYC24: ICR reveals details on biodiversity credit programme ahead of consultation launch
Iceland-based International Carbon Registry (ICR) is about to launch consultations for its biodiversity credit framework, planning to onboard 10 pilot projects within a couple of months, the initiative's chief scientist told Carbon Pulse.
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Norway releases nature action plan, sets targets far short of GBF
Norway on Friday released its nature action plan ahead of next month’s COP16, but drew ire from environmentalists as it stopped far short of making national commitments aligned with the Global Biodiversity Framework (GBF).
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INTERVIEW: Cement giant says EU regulation too stringent to scale up e-fuel for maritime, aviation
A global maker of construction materials would like the EU to scrap a regulation that will only allow sustainably sourced CO2 in the production of e-fuels after 2041, saying it will constrain the ability to decarbonise maritime and aviation.
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NGOs offer ‘playbook’ to help govts set price for ITMOs
Governments face a complex task in setting the price of ITMOs while still staying on track to meet their own climate goals, according to two NGOs, which have teamed up to release a “Ministry Playbook” guide to selling the international carbon credits.
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Euro Markets: Midday Update
European carbon prices eased lower on Friday morning during relatively quiet trade, after they had dropped after the Thursday settlement following a dramatic fall in TTF gas, while UKAs struggled again following heavy losses seen during the previous session.
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EU-backed hydropower project threatens Danube’s biodiversity, watchdogs say
The European Parliament has decided not to oppose a hydropower project on the Danube that could threaten protected areas (PAs) and the survival of critically endangered species, according to a group of environmental organisations.
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Laos, Australia, and GGGI consult on Article 6
Laos, which is chair of the Association of Southeast Asian Nations (ASEAN) this year, held an event Thursday to consult on Article 6, while it also hosted a meeting of ASEAN energy ministers.
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