Carbon Pulse

Steelmaker ArcelorMittal is accused of walking back on commitments to decarbonise, and returning more money to shareholders than it puts into climate action, in a report released Wednesday by an NGO.

Indonesia’s minister for environment and forestry has defended the country’s much-criticised carbon trading regulations, whilst reprimanding comments made by the head of one of the country’s largest REDD+ project developers.

Papua New Guinea’s participation in the Article 6 carbon market depends upon regulation that governs the scheme being finalised, though there is still no time table for when that will happen, according to the head of its Climate Change Development Authority (CCDA).

Lawmakers in Colorado failed to implement a cap-and-trade programme as this year’s legislative session approaches its end on Wednesday, although the state joined its Western US neighbours in advancing several carbon capture and storage (CCS) bills.

Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.

The UK car industry is on course to miss its legal net zero target after sales of electric vehicles to private buyers tumbled, warns the Society of Motor Manufacturers and Traders (SMMT), the UK car manufacturing association.

Uniper's fossil-based power generation covered by the EU carbon market fell 12% in Q1, year-on-year, the utility reported Tuesday in quarterly results.

Underestimating soil health when tracking the progress of nature restoration projects could lead to unreliable or incomplete assessments, a biodiversity expert with infrastructure consultants AECOM has said.

Puro.earth is set to revise its methodology for crediting voluntary carbon removals from biochar projects and is inviting feedback on the current text before opening a three-week long public consultation in July.

A clean cooking summit due to be held in Paris next week, organised by the International Energy Agency, will place a significant focus on voluntary carbon markets as governments and private sector stakeholders seek to address current gaps in climate finance flows to Africa.

European carbon prices dropped steeply on Tuesday morning amid robust selling as traders took profit after EUAs failed to breach the psychologically important €75.00 level for a third time, while energy markets also drifted as forecasts called for higher temperatures later this week.

An Ecosystem Condition (EC) Protocol for standardising the measurement of ecosystem conditions across corporate reporting and biodiversity markets, with a similar format to the Greenhouse Gas (GHG) Protocol, aims to launch a draft version this year.

Collective grid capacity across 25 EU member states needs to more than double by 2035 in order to meet the Paris Agreement goal to keep global warming below 1.5C, according to research published on Tuesday.

Nature restoration practices across Latin America lack effective tools to quantify their outcomes due to prohibitive monitoring costs, which hamper the long-term success of the projects, a study has revealed.

G20 countries are advancing their efforts to scale 'bioeconomy' as a means to promote sustainable models that foster biodiversity conservation, though actions must be taken to enhance convergence and comparability between different national approaches, a study has said.

Kazakhstan has become the latest country to join the Global Carbon Pricing Challenge (GCPC) – an initiative aiming to cover 60% of the world’s emissions with carbon pricing by 2030 – the Central Asian nation announced Tuesday.

Government agencies in South Korea will start a discussion around a carbon finance product that allows companies to repay loans with carbon credits, according to local media reports.

ICAO, the UN agency that operates CORSIA, has confirmed the eight voluntary carbon standards that submitted material updates to crediting programmes as they seek eligibility for the current phase of the UN's international aviation offsetting scheme.

The Organisation for Economic Co-operation and Development (OECD) has joined the chorus of voices calling for reforms to New Zealand’s emissions trading scheme alongside addressing emissions in the agriculture sector, it said in an annual survey.

A report highlights the significant potential within the global agrifood system to slash nearly a third of the world's greenhouse gas emissions through accessible and cost-effective measures, all while meeting the needs of a growing population.