Carbon Pulse

The Philippines Department of Environment and Natural Resources (DENR) has formalised a biodiversity and climate change agreement with a major renewable energy firm in a bid to drive larger private-sector investments into nature-based solutions.

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Compliance entities continued the trend over the last month of growing V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings while reducing V24 net length, as speculators continued to build V24 net positions, US Commodity Futures Trading Commission (CFTC) data showed Friday.

A carbon pipeline project developer on Friday cancelled its plans to transport and bury CO2 from biofuels production across the US Midwest, as issues with state permitting agencies and landowners impact yet another entity.

The loss of plant biodiversity in global grasslands can cause terrestrial carbon stocks to wane, with the reasoning behind the phenomenon going against researchers’ original hypothesis, according to a study published Thursday.

A climate tech startup has launched Friday an artificial intelligence (AI) product that aims to speed up and pare down the cost of carbon project development documentation, by using downloaded data from thousands of previous examples in the market.

Talks to set up a UN facility to compensate for climate-related loss and damage ran deep into overtime on Friday as developing nations united in opposition to a US idea to have the World Bank host the vehicle.

The managing director of advisory firm Carbon Financial Services (CFS) and former head of global carbon at exchange platform CBL, both owned by Xpansiv, has announced he is leaving the market infrastructure company after nine years.

The shipping sector’s decarbonisation hinges on the availability of low-carbon fuels, the secretary general of one of the largest global shipping organisations told Carbon Pulse, while also advocating a 'carbon contribution factor' to be promoted at upcoming high-level climate talks.

Germany is at risk of seeing a potentially dramatic spike in fuel prices in 2027 should the country’s domestic carbon pricing system transition to the EU ETS2, a think-tank has warned.

As observers hope for clarity about crediting carbon projects under Article 6 of the Paris Agreement at the fast-approaching COP28 climate talks, key players in voluntary carbon are weighing up how the embattled market may fit alongside the UN mechanism.

A growing number of multinational food companies are looking to reduce climate change risk in their value chains through greater engagement with their suppliers, aiming for a 'win-win' partnership where they encourage low-emissions practices that can both reduce their Scope 3 emissions and increase the resilience of their business to climate change.

China on Friday evening announced a State Administration-level regulatory body had approved a set of administrative measures that will underpin the relaunch of its national carbon offset programme, bringing the long-suspended voluntary market one step closer to returning to life.

Representatives from 196 countries this week approved an overall approach for monitoring efforts to meet the world's biodiversity targets, though a lack of detail means more work needs to be done.

Exchange-traded funds focused on carbon allowances have cut their holdings to the lowest in two years,  as flatlining EUA prices and a darkening economic outlook have encouraged investors to look to other asset classes for better returns.

European carbon prices stabilised after four successive daily declines in relatively light trading on Friday morning, reflecting a lack of direction and shrugging off a slight boost in energy markets as the European weather outlook turned slightly colder.

Blue hydrogen could be a fuel of the future and remains cheaper than its zero emission green counterpart, according to a report from a gas industry lobby this week, which argued many of the same talking points it has been making for years with a low-carbon twist in 2023.

The spot price in China’s national emissions trading scheme (ETS) climbed to a new high over the past week with a surge in trading volume, with heightened market expectations that the government is working to expand the programme to additional sectors.

The Clean Energy Regulator has issued guidance for those wishing to apply for multi-year monitoring periods (MYMP) under the reformed Safeguard Mechanism.

A daily summary of our news plus bite-sized updates from around the world.