Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 15 min ago
BC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures
Canada’s British Columbia has updated its offset regulation and published its second forest carbon offset protocol (FCOP 2.0), which mandates First Nations’ engagement across all projects and stipulates measures that could see fewer credits awarded to project developers in the event of a reversal.
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Australia provides A$330 mln to decarbonise heavy industry
The Australian government has provided A$330 mln ($214 mln) in grant funding to heavy industrial facilities across the country to reduce their CO2 emissions by 830,000 tonnes per year, it announced Wednesday.
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Over $11 mln secured to oppose Washington’s cap-and-trade repeal initiative
Major US corporations are backing a campaign against a voter initiative in Washington that seeks to overturn the state’s cap-and-trade programme, with some $11 million mobilised by the time it launched last week.
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CORSIA credits could be worth over $50/t based on airline demand signals, says offset project financier
Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.
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BRIEFING: Additional MRV, policy support needed to scale enhanced weathering as a CDR solution, experts warn
Advancing enhanced rock weathering (ERW) as a CO2 removal solution will require addressing MRV challenges and higher policy support, especially in Europe, members of a recently formed industry alliance said Tuesday.
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UN SG calls on G20 to lead the way on phasing out fossil fuels and increasing finance
G20 countries must lead the way in "dramatically" accelerating the fossil fuels phase-out, providing certainty and predictability to markets, and boosting climate action support for poorer countries, the UN secretary general said in a speech on Tuesday.
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Voluntary carbon credit issuances outpace retirements in Q1 to further inflate oversupply, weigh on prices -analysts
Despite a historically large number of retirements in the voluntary carbon market in Q1 2024, oversupply continues to balloon amid issuances rising at a faster clip, keeping credit prices at bay, analysts said Tuesday.
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INTERVIEW: African nature data platform could launch within a year
The African Natural Capital Alliance (ANCA) is spearheading efforts to establish a comprehensive nature data platform for the continent, in a bid to drive investment into nature-based solutions, an executive has said.
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Giant REDD project Kariba left in limbo as investigation by Verra drags on
The future of a troubled REDD avoided deforestation project in Zimbabwe has been left in limbo six months after it was suspended from the Verra registry.
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Newly approved EU fiscal rules will slow down energy transition, critics say
New fiscal rules approved on Tuesday by the European Parliament will make it even harder for EU member states to invest in green projects, thus slowing down the energy transition and efforts to reduce emissions, according to Greens party lawmakers and environmental groups.
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The Biodiversity Consultancy launches nature impact investment framework
The Biodiversity Consultancy (TBC) has developed a globally applicable tool to assess the potential impact of investments on biodiversity, seeking to catalyse flows of resources towards nature-positive outcomes.
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Global standards body to start researching biodiversity disclosures
An international standard-setting body on disclosures announced Tuesday it will include biodiversity research in its priorities for the next two years, paving the way for potential new requirements on nature for investors.
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FEATURE: EU ETS2 success hinges largely on electric vehicles, analysts say
The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.
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FEATURE: Increasing conflicts are a natural consequence of worsening climate change
Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.
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US biofuels producer inks deal with agtech firm to leverage federal tax incentives
A partnership with an agricultural technology firm is set to enable a bioethanol producer with field-level assessment of carbon intensity (CI) of biofuels feedstock and the ability to leverage federal tax credits.
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Northern Ireland launches consultations on marine protected areas, ‘blue carbon’ plans
The government of Northern Ireland has launched consultations on two initiatives aimed at enhancing ocean conservation, as it seeks to strengthen biodiversity monitoring and hasten the restoration of marine and "blue carbon" habitats.
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Toronto innovation hub buying Canadian CDR credits for C$715 a tonne
An urban innovation hub in Toronto is buying carbon removal credits for an average C$715 ($522) each from five Canadian startups, it said Tuesday.
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Financial sector urges governments to align policies with global biodiversity targets
The Finance for Biodiversity Foundation (FfB) has released a set of recommendations for policymakers to align financial flows with the Kunming-Montreal Global Biodiversity Framework (GBF).
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Euro Markets: Midday Update
European carbon prices were little changed at midday on Tuesday after earlier rising by as much as 1.4% amid wider gains in energy markets, as traders appeared to be taking a cautious approach ahead of Wednesday's Commitment of Traders data.
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UN special rapporteur calls for moratorium on voluntary carbon markets to stop human rights violations
The UN’s special rapporteur on the rights of Indigenous People has called for a moratorium on voluntary carbon markets to stop human rights violations.
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