Carbon Pulse

Europe's carbon market has seen sharp price swings in recent months amid an increased focus on technical trading as participants have focused on speculative positioning, but after the most recent episode of short-covering traders are starting to question whether EUAs are overvalued, with some are saying allowance costs may again start to reflect fundamentals.

A report from a British parliamentary environment committee on protecting marine mammals published this week calls for new comprehensive and precautionary actions to protect species.

The spot price in China's national emissions trading scheme (ETS) remained stable over the past two weeks with a steady increase in trading volume, while the domestic offset market saw shrinking liquidity as participants are taking a wait-and-see attitude ahead of the official relaunch of the national programme.

The Global Environment Facility (GEF) Council has reached an agreement on the design of the Global Biodiversity Framework Fund (GBFF), leaving everything set for the fund to be formally launched at the GEF Assembly in Canada in August.

Japan has made further adjustments to the rules of its national voluntary carbon credit programme to remove doubts over double claims, agreeing to subject it to corresponding adjustments in preparation for its participation in ICAO’s aviation offsetting scheme CORSIA.

A New York-based private equity firm wants to establish partnerships with carbon credit investors on financing climate projects in developing countries as it looks to increase its involvement in the voluntary carbon market, a senior member of the firm told Carbon Pulse at the sidelines of the Gold Standard conference in London earlier this week.

A handful of countries, including India and China, disproportionately contribute to global livestock emissions, and a shift in their investments can help reduce related emissions and allow food systems to adapt to climate extremes, according to the Consultative Group on International Agricultural Research (CGIAR).

The parliamentary committee scrutinising Australia’s nature repair market (NRM) legislation has had its reporting date extended indefinitely, potentially delaying the passage of the bill in the Senate.

A major Japanese bank has signed investment agreements with two global forest investment funds with the intention of earning voluntary carbon credits that it expects to over time become eligible for use towards the domestic obligations of its Japanese clients.

Pakistan’s environment ministry has teamed up with carbon standards body Verra to share knowledge and educate stakeholders on carbon markets, as the country aims to explore the potential in international voluntary markets.

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

A new study highlights the relative benefits and impacts of two major carbon dioxide removal (CDR) methods - bioenergy with carbon capture and storage (BECCS) and afforestation and reforestation (AR) - on the carbon cycle and surface climate.

Scientists have developed a new technology that increases the accuracy of measuring methane emissions from rice paddy fields, in a breakthrough that could have important implications for the voluntary carbon market.

Voluntary carbon market experts have questioned whether the VCMI’s claims code sets too high a bar for many companies to be able to buy carbon credits, risking a drop off in demand.

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California Carbon Allowance (CCA) prices fell each day this week on reported profit-taking and as the front-month contract went into delivery, while Washington Carbon Allowance (WCA) values seesawed following two weeks of stagnation and as the state distributed free permits for natural gas utilities.

A cross-stakeholder carbon capture body has launched for public consultation its first four carbon accounting methodologies that have been developed under Verra's voluntary carbon VCS programme, spanning carbon capture and storage, direct air capture, saline solutions, and CO2 transport.

US biofuel credit (RIN) values lurched higher in recent days to match levels before the EPA’s publication of final multi-year Renewable Fuel Standard (RFS) quotas, as market participants pointed to increased refiner buying and a tighter surplus bank.

A US-based soil carbon project developer has put forth an idea for a new removal credit that combines immediately available nature-based tonnes with engineered technologies that will sequester CO2 at a later point.

The US Commodity Futures Trading Commission (CFTC) convened on Thursday a new task force to address environmental fraud and misconduct in carbon credit markets, as well as a team overseeing issues related to cybersecurity and emerging technologies including artificial intelligence (AI).