Carbon Pulse

Targeted government support will be needed to scale the supply of high-integrity carbon credits and to ensure strong demand and price premiums for these issuances, the OECD said in a report published Thursday. Voluntary carbon markets (VCMs) could, if accompanied by robust social and environmental safeguards, support both climate mitigation and development objectives, research from the multilateral organisation said. However, carbon credits also have a number of undesirable characteristics from a jurisdictional perspective – they require a source of demand or public expenditure, they are associated with high administrative costs, and targeting carbon credit revenues is difficult – it added. Governments must therefore implement targeted strategies, develop comprehensive regulation, and work with private and non-governmental stakeholders to help scale good quality credit supply. Read the report in full here 👉 https://lnkd.in/erEpGgtN

Based on current projects, Europe’s oil and gas producers are on track to reach 42 million tonnes of CO2 stored per year by 2030, falling short of an EU-wide target of 50 mln, the industry’s trade association told Carbon Pulse in an interview. The International Association of Oil and Gas Producers (IOGP) fully supports EU attempts to deploy carbon capture and storage (CCS) at scale in order to help decarbonise hard-to-abate sectors of industry like cement, chemicals, and fertilisers. Read our interview in full here 👉 https://lnkd.in/ejci8CsM

FREE TO READ - Carbon Pulse reporter Emanuela Barbiroglio recaps key EU energy and climate developments from last month and the stories to watch out for in the weeks ahead, as part of a briefing produced in cooperation with Clean Energy Wire. Read in full here 👉 https://lnkd.in/eQu7pJFe

Carbon Pulse is partnering with carbon data provider Sylvera! As of today, Sylvera’s customers can access the latest Carbon Pulse news and intelligence on carbon markets, greenhouse gas pricing, and climate policy, directly via its platform.   Sylvera is an end-to-end data platform for carbon procurement and investment, providing unparalleled market expertise, trusted ratings, superior data visibility and tools that companies rely on to ensure their carbon credit investments advance their climate goals and optimise returns on investment. With proprietary software that independently and accurately evaluates projects that capture, remove or avoid carbon emissions, Sylvera’s carbon credit ratings are project specific and help carbon offset buyers - public and private - invest in high-quality projects with real climate impact.   Carbon Pulse will provide Sylvera’s customers with the full suite of its daily reporting to help inform their carbon and net-zero strategies.

The UK appears set to enter a new era of stronger, better coordinated climate policy and diplomacy under a Labour government - although some changes will be soft, and still fall short of what’s needed to gain ground on the country's goal for net zero emissions by 2050.  Read our election preview here 👉 https://lnkd.in/enqzNzYf And a data dive into the legacy on climate of 14 years of Conservative govt in the UK here 👉 https://lnkd.in/eqzz8ewH

European shipping emissions covered by the bloc's carbon market dropped 13.7% in 2023 compared to the previous year, in large part due to a reduced demand for energy and general goods from the EU.

The results of the world's first coal phaseout auction, carried out in Germany, suggest that it is a transparent and potentially cost-effective way to push fossil power plants into early retirement, according to research. Germany introduced legislation in 2020 inviting coal power operators to bid to shut down their plants between 2020 and 2026, competing in auctions for compensation payments before decommissioning becomes mandatory without compensation from 2027. The country has set a legal deadline to retire all coal power plants by 2038, but it may happen sooner. Read our coverage in full 👉 https://lnkd.in/eitnZ3nr

A US-based soil carbon removals platform has put itself up for sale amid challenges in the wider voluntary market, Carbon Pulse has learned. https://lnkd.in/eMuZw2Nn

CEO of Science Based Targets initiative (SBTi) has resigned for personal reasons, with the decision to take effect at the end of June and the process to replace him already underway. https://lnkd.in/eVvPSB4x

A US-based soil carbon removals platform has put itself up for sale amid challenges in the wider voluntary market, Carbon Pulse has learned. https://lnkd.in/eMuZw2Nn