Top

Green hydrogen can help slash curtailment costs in UK by absorbing surplus renewable energy

Published 16:33 on April 26, 2024  /  Last updated at 16:33 on April 26, 2024   / Bryony Collins /  EMEA, International, Voluntary

The production of green hydrogen during periods of high renewable energy supply could help save the UK hundreds of millions of pounds each year in curtailment costs, according to a report by an engineering company. Read More
Top

INTERVIEW: Carbon standard to pilot nature stewardship credits in 2025

Published 16:30 on April 26, 2024  /  Last updated at 16:30 on April 26, 2024   / Sergio Colombo /  Biodiversity, International, Voluntary

Carbon standard Social Carbon plans to release a methodology for 'nature stewardship credits' during the third quarter of this year at the latest, with the first pilots expected to launch in 2025, the company has told Carbon Pulse. Read More
Top

ANALYSIS: CBAM hedging unlikely to have impact on EU ETS market, experts say

Published 12:05 on April 26, 2024  /  Last updated at 14:50 on April 26, 2024   / Rebecca Gualandi /  CBAM, China, EMEA, EU ETS

Some companies, including international ones, are already trying to hedge their CBAM certificate exposure by buying EUAs on the forward market, but this additional demand will not impact EUA prices, according to market observers. Read More
Top

UK authority issues guidance for finance firms ahead of new anti-greenwashing rule

Published 17:39 on April 26, 2024  /  Last updated at 17:39 on April 26, 2024   / Sara Stefanini /  EMEA, Voluntary

The UK's Financial Conduct Authority (FCA) has published guidance aimed at helping financial firms comply with a forthcoming anti-greenwashing rule aimed at building trust in sustainable investments, including to help companies decarbonise.  Read More
Top

France to launch first-ever carbon storage projects

Published 16:02 on April 26, 2024  /  Last updated at 16:02 on April 26, 2024   / Emanuela Barbiroglio /  Carbon Taxes, EMEA, EU ETS

The French government will authorise the construction of its first carbon storage facilities, signing contracts with some of the largest emitters in the country as part of its efforts to reach net zero emissions by 2050, Industry and Energy Minister Delegate Roland Lescure announced on Friday. Read More
Top

CBAM must tackle recycled aluminium emissions loophole, industry and NGOs say

Published 15:58 on April 26, 2024  /  Last updated at 16:00 on April 26, 2024   / Rebecca Gualandi /  CBAM, EMEA, EU ETS, International

The EU’s carbon border adjustment mechanism (CBAM) will drive up prices of aluminium, as it fails to address a loophole for process scrap that could lead to vast amounts of carbon emissions being imported into the bloc, a report by a consulting firm and a panel of industry and NGO experts warned this week. Read More
Top

Callirius, Cula partner to boost monitoring and financing for biochar projects

Published 13:40 on April 26, 2024  /  Last updated at 13:40 on April 26, 2024   / Giada Ferraglioni /  International, Nature-based, Voluntary

A German-based climate finance company and a startup focusing on MRV solutions for durable carbon removal have teamed up to advance biochar projects and verify their climate impact. Read More
Top

South Pole secures fresh funding for changes under new leadership

Published 13:05 on April 26, 2024  /  Last updated at 13:05 on April 26, 2024   / Sara Stefanini /  International, Voluntary

Large voluntary carbon project developer and investor South Pole has secured fresh financing from its largest shareholders, setting the company up for the next phase of development following recent changes in senior leadership, it announced this week. Read More
Top

Japan introduces market maker scheme to boost carbon trading liquidity

Published 12:48 on April 26, 2024  /  Last updated at 12:48 on April 26, 2024   / Chia-Erh Kuo /  Asia Pacific, Japan

Japan has decided to officially introduce a market maker mechanism to boost liquidity in its exchange-traded domestic carbon market. Read More
Top

Taliban joins UN climate change talks for the first time

Published 08:59 on April 26, 2024  /  Last updated at 08:59 on April 26, 2024   / Nikita Pandey /  Asia Pacific, Climate Talks, International, Other APAC

The Taliban government in Afghanistan has entered the first stage of discussions with the UN, donors, NGOs, and other stakeholders to understand the impact of climate change on the Central Asian nation. Read More
Top

Euro Markets: EUAs retreat, post second weekly loss on profit taking in quiet trading

Published 17:10 on April 26, 2024  /  Last updated at 17:13 on April 26, 2024   / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon permit prices posted a second weekly loss in succession on Friday as prices retreated in concert with TTF natural gas, with sources also reporting profit-taking in light volume ahead of the weekend. Read More
Top

CN Markets: CEAs jump more than 10%, top 100 yuan for the first time

Published 11:03 on April 26, 2024  /  Last updated at 12:05 on April 26, 2024   / Chia-Erh Kuo /  Asia Pacific, China

China’s national carbon market saw allowance prices extend recent gains over the past week, climbing above the 100 yuan ($13.80) level and rising for the seventh straight session, amid continued optimism among participants. Read More
Top

World could add 40% new LNG capacity before decade's end, report says

Published 10:53 on April 26, 2024  /  Last updated at 10:53 on April 26, 2024   / Helen Clark /  Americas, Asia Pacific, Australia, China, EMEA, International

The world’s long-term supply of LNG may well outstrip demand and markets may tip into oversupply in just two years, according to a report published this week, adding to concerns over the fossil fuel industry's ability to reduce carbon emissions in line with global targets. Read More
Top

Australia opens extended fourth exit window for ERF contract holders, adds eligibility requirements

Published 05:04 on April 26, 2024  /  Last updated at 07:48 on April 26, 2024   /  Asia Pacific, Australia

Australia’s Clean Energy Regulator on Friday opened the fourth pilot exit arrangement window for companies with fixed delivery contracts to sell carbon credits to the government’s Emissions Reductions Fund (ERF), with additional eligibility requirements for sellers. Read More
Top

Indonesia's Rimba Raya REDD+ project plunged into controversy after licence revoked by government

Published 22:25 on April 25, 2024  /  Last updated at 22:25 on April 25, 2024   / Paddy Gourlay /  Asia Pacific, International, Nature-based, Other APAC, Voluntary

The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project's owner failing to be notified about it. Read More