Carbon Pulse

Companies currently facing difficulties in submitting data for the first reporting deadline of the EU’s Carbon Border Adjustment Mechanism (CBAM) due to technical issues with the registry will benefit from a one month extension, the European Commission said on Monday.

A few big ticket bids kept interest alive in the voluntary carbon market last week that generally edged lower amid thin liquidity, bashed by another bout of bad press.

The EU’s upcoming industrial carbon management strategy needs to call for concrete actions by member states, not just analysis, an EU carbon capture and storage (CCS) association has said in a letter to European Commission President Ursula von der Leyen.

Voluntary carbon market project developer and investor, South Pole, has hired a Chief Risk Officer and restructured its leadership team, it announced Monday.

A group of central African states has formed a new alliance for carbon markets and climate finance as the critical outcome of a regional conference, according to an official announcement.

New Zealand has indicated it wants to continue scraping the seafloor with nets in vulnerable marine areas at an intergovernmental meeting, WWF has claimed.

Investors, backed by a Danish pension fund, have closed funding of a Nordic carbon storage hub that is developing a CO2 transportation and storage facility, they announced in a release.

The fossil fuel industry is forecast to spend more than $1 trillion globally over the next decade on producing gas for European markets, including investing in new extraction, despite warnings from climate scientists and policy advisers, according to a report published on Monday.

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A carbon ratings and data provider has teamed up with an Australian carbon credit provider to offer its assessment on the company’s listed voluntary carbon products, the two companies announced Monday.

India has launched a framework to introduce a voluntary carbon market in the agriculture sector so that particularly small- and mid-sized farming businesses can benefit from the sale of carbon credits, the country’s agriculture minister said on Monday.

The red sludge that once troubled the Danube could be key to greening one of the most necessary but emissions-heavy industries in the world, according to a new paper.

European carbon prices were modestly weaker on Monday morning as demand from utilities remained sluggish amid negative generation margins and technical analysts saw potential for prices to test lower levels, while energy markets were firmer as renewables output was forecast to be lower.

Singapore is looking to work with Laos to help it export carbon credits to the international market, while also eyeing the opportunity to set up a bilateral partnership under Article 6 of the Paris Agreement.

A London-headquartered insurance firm has launched a novel product covering the leakage of CO2 from commercial-scale carbon capture and storage (CCS) facilities, also derisking related carbon credit and compliance permit purchases. 

Taiwan's top marine regulator has finished a draft methodology on blue carbon, which will serve as the basis for including the island's ocean-based carbon sinks in the national greenhouse gas inventory and quantifying emission reductions as carbon credits.

A carbon credits insurance startup, set up by three former Allianz executives, has closed a seed funding round at over $12 mln, it said Monday.

The purpose of the newly created Commercial & Carbon Trading Analyst role is to support Corporate Carbon’s expanding trading operations by assisting with the execution and settlement of trades under the direction of the Head of Carbon Trading.

China, India, and Southeast Asia will see the strongest growth in power demand this decade and the next, a consultancy forecast Monday.

An Australian carbon project developer is working on a cookstoves project in Papua New Guinea it believes will be one of the first projects eligible to supply carbon credits to Singaporean companies under the country’s whitelist.