Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 26 min 37 sec ago
COMMENT: Westpac says no to deforestation – others will soon have to
All Australian banks and investors will soon need to make zero-deforestation commitments because it is increasingly well known that Australia is a deforestation hotspot, and this is attracting the scrutiny of legislators, consumers, and investors, the Wilderness Society writes.
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Consortium seeks GHG acreage in Australia for CCS
A group of companies said Thursday they have bid to explore several of the 10 areas made available for carbon capture and storage location exploration by the Australian government earlier this year in a bid to establish themselves in the emerging Asia-Pacific CCS value chain.
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Greenpeace takes oil and gas major to court over alleged carbon offset greenwashing
Greenpeace Australia Pacific has filed a lawsuit against a major oil and gas company over claims the company has made in connection with its use of offset credits.
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CP Daily: Wednesday December 13, 2023
A daily summary of our news plus bite-sized updates from around the world.
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US DOE launches third phase of $2.25 bln funding for CO2 transport and storage
The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) is looking to advance infrastructure for transport and storage of CO2 from industrial and power generation sources in pursuit of federal climate goals.
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California ARB offset issuance bolts higher at tail end of 2023
California boosted the issuance of compliance-grade offsets since the prior distribution in November, but none of the credits were tagged with direct environmental benefits to the state (DEBs) this time round, according to data published by the state regulator ARB on Wednesday.
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COP28: FEATURE – The voluntary carbon market vouches for a better year ahead
Voluntary carbon market (VCM) proponents are pressed to bring integrity to the ecosystem with new tools outlined across multiple events on the sidelines of the COP28 UN climate summit, but the collapse of negotiations on international emissions trade in Dubai may hinder efforts to converge markets.
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Bolivia signs MoU with global carbon standard to expand knowledge on carbon markets
Bolivia has signed a memorandum of understanding (MoU) with a global carbon standard to educate stakeholders and share knowledge about the nation's carbon market activity.
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Study reveals significant variability, uncertainty in avoided deforestation crediting baselines
Researchers evaluating the robustness of carbon credit baselines for jurisdictional-scale avoided deforestation projects have exposed serious challenges in their accuracy and consistency, according to a new study.
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Carbon capture firm partners with four more cement-makers to accelerate industry decarbonisation
A Belfast-based carbon capture firm on Wednesday announced partnerships with four more cement manufacturers aimed at expediting the implementation of this nascent technology within their operations.
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Washington Q4 carbon auction settles below APCR Tier 1
The auction of December current vintage units for Washington’s WCI-modelled cap-and-invest programme sold out just under the Allowance Price Containment Reserve (APCR) Tier 1 price, while the second advance sale settled much lower, according to results published Wednesday.
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Euro Markets: Carbon climbs back up to €70 ahead of options expiry, before fading
EUAs touched €70 early on Wednesday as data showed the highest ever net short position for funds last week, but prices then eased back as the hotly-anticipated quarterly options expiry passed without fireworks.
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Marine biodiversity credits framework launched by non-profit
A methodology that aims to enable governments to generate marine biodiversity credits from protected areas has been launched by California-headquartered non-profit OpenEarth.
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Germany set to cut climate spending by €45 billion, hike carbon pricing to balance budget
Germany is set to spend billions less than planned on climate and energy transition projects each year to 2027, in order to balance the government budget following a court ruling.
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MSCI: Nature investments to attract billions in 2024 following metrics progress
Improvements in metrics are likely to entice billions of dollars in nature investments across biodiversity, carbon, and water over 2024, an executive at MSCI has said.
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German DAC startup raises seed funding for technology that runs off waste industrial heat
A German cleantech start up has raised €3.2 million in seed funding for its direct air capture (DAC) technology that can be retrofitted to existing cooling towers and waste heat pumps of ETS-covered industrial facilities, keeping onsite development and running costs low.
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BNP Paribas launches fund to finance climate change mitigation
BNP Paribas Asset Management said on Wednesday that it has launched a new fund designed to finance energy transition projects across Europe.
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COP28: Reactions to the UAE Consensus on Global Stocktake, other outcomes in Dubai
Here are selected party, stakeholder, and expert reactions to the UAE Consensus on the Global Stocktake (GST) and other outcomes at COP28 climate summit in Dubai, which wrapped up Wednesday.
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SK Markets: Korean monthly auction fails again to sell as demand remains weak
South Korea’s latest monthly CO2 auction again sold only a limited share of the permits on offer, as the market continues to struggle with lukewarm demand amid policy uncertainties.
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Carbon removals registry unveils methodology for geological storage
Startup registry Isometric said on Wednesday that it has developed a new protocol for permanent carbon removal using bio-oil geological storage, and plans to unveil three more protocols over the next three months.
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