Carbon Pulse

Buyers of biodiversity credits should purchase multiple units at once to overcome the issue of some single initiatives not offering actual nature uplift, a researcher has said.

The EU and Greece will invest a combined €4.3 billion in protecting the ocean and marine biodiversity, and promoting sustainability, they announced at the 9th Our Ocean Conference in Athens.

European carbon allowance prices erased Monday's losses and resumed their upward march amid a continuation of short covering, as natural gas and power prices jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.

An industry-led carbon accounting programme for financial institutions has teamed up with two of Brazil’s largest banks to promote measurement and disclosure of emissions from the Brazilian financial sector, according to an announcement Tuesday.

Growth in China’s thermal power generation slowed in March with a sustained high level of coal output, while the pace in wind and hydropower generation accelerated, government data showed Tuesday.

The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.

The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.

Building developers in England will be able to more easily address the biodiversity impacts of their projects and comply with the biodiversity net gain (BNG) mandate thanks to the launch today of a new BNG software, which helps companies understand the biodiversity impact of different building designs.

Germany’s international development agency GIZ and the Philippines Climate Change Commission on Tuesday announced the soft launch of a programme aimed at protecting, conserving, and rehabilitating biodiversity and natural carbon sinks in the Southeast Asian nation.

High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.

A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.

Members of the Association of South East Asian Nations (ASEAN) can reduce their decarbonisation costs by $800 billion by 2050 if they work together to build power interconnectors, hydrogen networks, and energy storage infrastructure, according to research published Tuesday.

Singapore and New Zealand have agreed to work together on carbon markets as one of several green economy measures, according to an agreement signed between the two countries Monday.

A London-based carbon-accounting startup is to merge with a Singapore-based climate tech company as part of a deal worth millions, boosting both companies' access to a growing $15 billion market.

A gas-fired power producer with facilities across several US states has revised its energy portfolio framework finalised less than a year ago, now forecasting fewer CO2 cuts due to delayed retirements of coal-fired units and increased use of gas-powered electricity.

RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.

A UK-based climate risk analysis startup has raised $3.5 mln in seed funding, it announced Monday.

An energy distributor has announced a project partnership with another Quebec-based carbon capture and sequestration (CCS) company, aiming to decarbonise their industrial operations.

Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.