Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 51 min ago
INTERVIEW: Asset manager creates biodiversity corridors despite credit uncertainty
Climate Asset Management has set aside 10% of a land acquisition in Australia for supporting biodiversity despite no clear way of capitalising on it through nature-related credits, its CEO has said.
Categories: Around The Web
New partnership aims to enhance forest carbon market transparency with space tech, machine learning
A space tech firm and a carbon markets intelligence company have teamed up to enhance the transparency and integrity of forest carbon projects, leveraging earth observation data and machine-learning to produce natural capital data and insights.
Categories: Around The Web
Robust dialogue can set biodiversity credit market on the right start, says environmental NGO
A global environmental NGO has released a whitepaper outlining their position on biodiversity credits, as it seeks to establish high integrity across the emerging market.
Categories: Around The Web
Banks and retirement funds back petroleum, ditch thermal coal
Banks and Australian superannuation funds are no longer interested in backing thermal coal companies but see a longer shelf life for oil and gas companies given it is an energy source that will continue to have a role in the energy mix.
Categories: Around The Web
South Korea sees first listing of KCS-certified carbon credits
A carbon offset marketplace has started to list carbon credits certified under a newly established standard initiated by South Korea's major trade group, as the country is seeking to support the development of private sector-led voluntary carbon markets.
Categories: Around The Web
UK’s rare species get £14.5 million funding boost
The UK government on Thursday announced fresh funding for ongoing efforts to boost species recovery in one of the world’s most nature-depleted countries.
Categories: Around The Web
Impact loan to set Philippines MPAs on track to economic independence
The philanthropy arm of asset manager UBS has provided an impact loan designed to enable the manager of a group of essential Marine Protected Areas (MPAs) in the Philippines to implement a number of revenue-generating initiatives, in what the parties say is a transformative deal for ocean conservation.
Categories: Around The Web
Total announces tenders for 500kt of green hydrogen to decarbonise European refineries by 2030
French oil and gas major TotalEnergies launched on Thursday a call for tenders for the annual production of 500,000 tonnes of 'green' hydrogen, which will fall under the firm's strategy to decarbonise its European refineries by the end of the decade.
Categories: Around The Web
Australian carbon project to fund return to ancestral lands
Australia’s Clean Energy Regulator has approved a project that will fund in part the Kullilli people’s purchase of the pastoral lease to its traditional land, from which it had previously been forcibly removed.
Categories: Around The Web
Singapore exchange, investor BlackRock launch Asia-focused climate ETF
The Singapore Exchange (SGX) has listed an exchange-traded fund (ETF) that selects companies based on their climate actions, the largest equity ETF launched in the city state, with the support of asset manager BlackRock and index provider MSCI, it announced Thursday.
Categories: Around The Web
CP Daily: Wednesday September 13, 2023
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
Stronger international cooperation in high-emissions sectors crucial, says IEA
Countries must “supercharge” international collaboration across high-emitting sectors to get on track to curb global warming at no more than 1.5C, according to a report Thursday from the International Energy Agency.
Categories: Around The Web
Canada-based carbon credit firm to list on Nasdaq under $213-mln SPAC deal
A Canadian-headquartered environmental asset investor has signed a $213-million deal with a US-listed ‘blank cheque’ company to help it go public via merger.
Categories: Around The Web
Concrete magnate calls for Australian CBAM
The only viable way some of Australia's hardest-to-decarbonise industries will meet the emissions reductions targets mandated by a new and tougher Safeguard Mechanism is with a Carbon Border Adjustment Mechanism (CBAM), according to the CEO of one of the country’s largest emitters.
Categories: Around The Web
Suriname to offer first REDD credits for sale under Paris’ Article 6
The first REDD avoided deforestation sovereign credits available for international trade under the Article 6 mechanism of the Paris Agreement are to be offered by Suriname, a precedent that is expected to be widely followed by other rainforest nations around the world.
Categories: Around The Web
Financials urge global standards body to prioritise biodiversity over social issues
Financial organisations from across the globe have asked an international standard-setting body on disclosures to prioritise researching biodiversity.
Categories: Around The Web
British Columbia government opens consultation for new CCS offset protocol
The British Columbia government on Wednesday released a new draft offset protocol for carbon capture and sequestration (CCS) projects, with different time horizons for monitoring permanence depending on the type of technologies and geologies used.
Categories: Around The Web
Carbon crediting startup receives $4.6 million in seeding to further expand into commercial market
A US-based startup that connects small farmers to the carbon market raised seed funding from a group of venture capitalists and angel investors, the company announced Wednesday.
Categories: Around The Web
California legislature weakens, but passes climate risk disclosure and anti-greenwashing bills
Bills to mandate climate-related financial risk disclosure and prevent voluntary carbon offset greenwashing on Tuesday passed both houses of the California General Assembly, as the two pieces of legislation were amended to have slightly weaker enforcement capabilities before the final votes.
Categories: Around The Web
California regulator expands issuance of compliance offsets directly benefitting the state
California this week kept a step ahead of offset issuance levels seen at the same time last year, with nearly two-thirds of their distribution holding direct-environmental benefits (DEBs) to the state, ARB data published Wednesday showed.
Categories: Around The Web