carbon pulse

UK pilot to test carbon credit auctions using exchange infrastructure A new UK pilot will test the auctioning of high-integrity carbon credits using established financial market infrastructure, with the first sales expected to begin by the end of the year.

INTERVIEW: Local authorities could play key role in driving EU nature credit demand Local and regional authorities should play a central part in developing nature credit markets because they can mobilise millions of smaller buyers, according to a member of the European Committee of the Regions (CoR).

Germany announces results of first gas plant auction Germany has awarded billions of euros in state support to four utilities for the construction of a new fleet of gas-fired power plants meant to ensure long-term security of energy supply.

Euro Markets: Midday Update EU carbon set yet another nine-month high on Tuesday morning before the market settled back to trade sideways near Monday's closing price, as energy markets rose after renewed clashes in the Persian Gulf.

ICVCM approves forest restoration, coal transition carbon methodologies for CCP badge Two methodologies covering forest restoration and the coal transition have been awarded the high integrity badge of the Integrity Council for the Voluntary Carbon Market (ICVCM).

South African consultancy seeks participants to trial new carbon project screening tool A Cape Town-based company has developed a tool that aims to assess the potential viability of carbon credit projects in around 20 minutes and is seeking ten participants to test it ahead of a wider release.

Disturbed soils emit 3.9 bln tonnes of greenhouse gases annually, WRI finds Disturbed soils released approximately 3.9 billion tonnes of greenhouse gases each year between 2016-24, according to the World Resources Institute (WRI).

BRIEFING: EU picks fight over 'clean' electrification target at COP31 The European Union has emphasised the need for "clean" electrification at the COP31 climate summit opening in Turkiye next week, setting up a fight over the role of fossil fuels in power generation.

Clean cooking firm wins Zambia's first authorisation for carbon credits under CORSIA A Nairobi-based clean cooking company has received an authorisation certificate from Zambia, making its cookstove project the first in the country authorised to supply carbon credits for use under the aviation sector's CORSIA offsetting scheme.

Carbon removal registry launches EU CBAM service for exporters A carbon removal registry is expanding its business to the EU's Border Carbon Adjustment Mechanism (CBAM), with the launch of a service to help exporters prepare their emissions data or verification, it announced on Tuesday.

Clean Cooking Alliance moves to IEA in bid to boost global energy role The Clean Cooking Alliance (CCA) has started operating as a multilateral initiative hosted by the International Energy Agency (IEA), in a move aimed at putting clean cooking closer to the centre of global energy policymaking.

First CORSIA options trade executed on ICE as derivatives market expands The first trade in CORSIA options has been executed on Intercontinental Exchange (ICE), adding another derivatives instrument to the growing market for carbon credits eligible under the UN aviation offsetting scheme.

South Korea's trillion dollar green transformation push hinges on strategic niche positioning, report says South Korea's new Green Transformation (K-GX) Strategy may unlock an estimated $1.04 trillion in business opportunities over the next decade, but leveraging the country's technological and project execution capabilities is key to winning global contracts, according to a new report.

Commonwealth launches $202 mln nature initiative to accelerate 30×30 implementation The Commonwealth has pledged $202.2 million for an initiative to support the expansion and establishment of terrestrial and marine protected areas across middle- and low-income member countries, seeking to accelerate progress towards the global target of conserving at least 30% of ecosystems by 2030.

Gold Standard launches first biochar carbon removal methodology for projects of all scales Gold Standard has launched its first methodology for biochar carbon removals, creating a framework for crediting projects ranging from small distributed kiln networks to large industrial facilities.

ICAO sets 2025 CORSIA growth factor 18% higher YoY as aviation emissions rise ICAO has set the 2025 sector growth factor under the global aviation carbon offsetting scheme CORSIA at 0.18157674, up almost 18% from the previous year as international aviation emissions continued to rise above the scheme's baseline.

Malaysia's data centre boom could generate over one-fifth of national emissions, environmental watchdog warns A data centre boom in Malaysia could generate nearly 44 million tonnes CO2e annually from just 51 mapped facilities, accounting for roughly one-fifth of the country's total 2024 greenhouse gas emissions, an environmental group found.

Australian natural hydrogen project targets output above 100 kg per day An Australian natural hydrogen developer said testing at its Ramsay project in South Australia supported estimates that future wells could produce around 100 kg of hydrogen per day, comparable to output from Mali's Bourakebougou natural hydrogen field.

BRIEFING: Australia market integrity chair pushes for method transition power, as integrity groups maintain concerns The chair of Australia's Emissions Reduction Assurance Committee (ERAC) has supported the government's proposed power to stop low integrity carbon methods from being credited, despite concerns from environmental market integrity groups.

Countries fail to meet Article 6.2's 'low reporting bar', NGO says All 15 countries reviewed under Article 6.2 of the Paris Agreement failed to meet reporting requirements, raising concerns around the integrity of international carbon trading, an NGO said.

COP31 needs to remove barriers slowing Article 6 markets, says business group Negotiators at COP31 need to address barriers hindering the implementation of Article 6 mechanisms, a business NGO said in its priorities document for the upcoming summit.

EU enters winter with lowest gas reserves in more than a decade, IEA warns EU gas storage levels could fall below 10% by the end of March, leaving the region exposed to supply disruptions, the International Energy Agency (IEA) has said, warning that the region is entering the winter heating season with its lowest storage levels in more than a decade.

Australia opens fourth funding round for plantation forestry Australia on Tuesday announced the fourth round of funding from its plantation forestry grant programme.

Low-carbon energy investment has nearly doubled in 10 years, but all sources still needed, oil major outlook says Investment in low-carbon energies, including end-uses with electrification, has almost doubled in the last decade, however demand for all sources is still growing as geopolitical tensions dominate decision making, an oil major said in its energy outlook.

Indian carbon credit developer, executives sanctioned over $23 mln in financial misstatements India's securities regulator has imposed financial penalties and market bans on a listed carbon credit developer and several senior executives after finding that the company prematurely recognised nearly INR 2 billion ($21.1 million) in revenue from cookstove projects and diverted hundreds of millions of rupees through fictitious business expenses. The Securities and Exchange Board of […]

Brazilian prosecutors seek suspension of Amazon REDD+ project over Indigenous rights concerns Brazil's Federal Public Prosecutor's Office (MPF) has filed a lawsuit seeking the suspension of a REDD+ carbon project in the Amazon for alleged violations of the rights of Indigenous and traditional communities.

US ELECTIONS: California ETS expected to stay in Democratic hands, Oregon remains divided Among US West Coast states, experts project a high likelihood that the Democratic candidate wins the gubernatorial election in California, signaling continuity for the state's Quebec-linked ETS, while Oregon is seeing a tighter race for its next governor, raising questions around the path forward for its carbon pricing programme.

US ELECTIONS: Energy, data centre debates loom large over US Northeast, Mid-Atlantic midterms Increased power demand, buoyed by data centres, has raised concerns around affordability and reliability in RGGI-participating states in the US Northeast and Mid-Atlantic ahead of midterm elections Tuesday, with some Republican challengers in Democrat-led jurisdictions looking to challenge broader decarbonisation efforts.

US ELECTIONS: CO2 pipelines, CCS come up in partisan debates ahead of key gubernatorial races Jurisdictions leading carbon capture and storage (CCS) momentum in the US could see new leadership poised to either block or unlock the potential of the sector in the Midterm Elections.

RGGI Market: RGAs climb to around $42 to end October, buoyed by power RGGI Allowance (RGA) futures rose nearly 6% over the past week to approach the $42 mark, buoyed by end of month manoeuvres and developments in the power sector, traders said.