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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 33 min ago

Laos to develop massive carbon project with private partner

Thu, 2024-05-09 19:29
Laos has announced plans for a major nature-based solution carbon project spanning 5% of its land mass that could cut CO2 emissions by 1.4 million tonnes per year.
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Australia releases strategy that banks on gas beyond net zero target date

Thu, 2024-05-09 19:08
Australia, one of the world’s top three LNG exporters, on Thursday released a long-term strategy for natural gas, with plans to rely on the fuel well beyond its mid-century net zero target date. 
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Consultancy launches new business line to help companies invest in carbon credits

Thu, 2024-05-09 19:00
A global sustainability consultancy has launched a new division focused on helping companies invest in high-quality carbon credits, building on its existing carbon markets strategy, it announced on Thursday.
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Japanese offset provider secures $3 mln in funding round

Thu, 2024-05-09 18:35
A Japanese offset provider that promotes regional decarbonisation initiatives has secured 480 million yen ($3.08 mln) in a recent funding round, it announced Thursday.
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Gold Standard teams up with industry body to aid carbon project development in Indonesia

Thu, 2024-05-09 16:59
Voluntary carbon certification body Gold Standard and the Indonesia Carbon Trade Association (IDCTA) have set up a taskforce to develop carbon market regulation and infrastructure in the Southeast Asian nation, aligned with domestic and international markets, the body announced Wednesday.
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SK Market: South Korea CO2 auction fails as demand remains sluggish

Thu, 2024-05-09 14:09
South Korea sold none of the CO2 allowances on offer at Wednesday’s monthly auction, as demand remains weak amid oversupply and regulatory uncertainty.
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Australia ask EU to delay compliance on deforestation law

Thu, 2024-05-09 12:42
The Australian government has asked the EU to delay regulation that would prevent commodities linked to deforestation from being imported into the bloc.
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Biotech firm, gas producer call for ramp-up of CI stringency in California LCFS scheme

Thu, 2024-05-09 12:16
California must significantly ramp up the proposed carbon intensity (CI) target under its Low Carbon Fuel Standard (LCFS) to rid the market of its surplus, according to submissions to the market regulator's ongoing stakeholder consultation process.
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Malawi issues letter of authorisation to sell 1.5 mln carbon credits at auction

Thu, 2024-05-09 12:03
Malawi’s Ministry of Natural Resources and Climate Change has authorised a private firm to auction the country’s carbon credits on the international market, according to local media reports.
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Washington CFS rulemaking to deviate from federal GREET model updates

Thu, 2024-05-09 11:13
Washington’s Department of Ecology (ECY) staff received pushback from stakeholders for choosing not to make changes to its GREET model during the latest round of Clean Fuels Standard (CFS) rulemaking, after the federal government recently updated their carbon intensity (CI) standard calculations for sustainable aviation fuel (SAF) tax credits.
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INTERVIEW: Poor demand from Global North hampers biodiversity credit uptake in Africa

Thu, 2024-05-09 10:50
European and North American companies are not keen to invest in biodiversity credit initiatives in Africa, as the continent strives for innovative funding solutions alongside carbon credits to preserve its nature, a conservation finance expert has told Carbon Pulse.
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Brazil, India, Saudi Arabia among largest emitters most exposed to climate impacts

Thu, 2024-05-09 09:01
A third of the countries responsible for the vast majority of global emissions could face some of the harshest climate change impacts, especially from heat, according to a new report by a risk intelligence company.
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Extending UK ETS to heating and road transport would cut emissions -report

Thu, 2024-05-09 09:01
Expanding the UK carbon market to cover heating and road transport fuels could help to reduce emissions significantly, but further measures are needed to offset the cost to lower-income households and reach net zero emissions by 2050, according to research published Thursday.
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ARB’s highest offset issuance of 2024 lacks DEBs-tagged units, keeping their premiums elevated

Thu, 2024-05-09 08:29
California regulator ARB issued the highest number of compliance-grade offsets thus far this year but none with direct environmental benefits (DEBs) to the state, holding DEBs-tagged premiums above $20, data published Wednesday showed.
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Expanded ETS proposal, extensive oil production cloud Brazilian climate policy -report

Thu, 2024-05-09 07:47
The enhanced eligibility of REDD+ credits in partially-approved ETS legislation in Brazil, alongside increased investment in oil production, could contradict the country's climate policy ambitions, according to a report published Wednesday.
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BRIEFING: Federal judge questions basis of discrimination in Washington cap-and-trade lawsuit

Thu, 2024-05-09 07:33
A US federal district judge has questioned the nature of a power producer’s electricity consumers, its allocation of no-cost allowances as per Washington state’s Climate Commitment Act (CCA), and the future of the facility's participation in the cap-and-trade programme, according to legal arguments heard in court.
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Surge of patents in CDR technologies this year signals market set for rapid growth

Thu, 2024-05-09 03:01
An explosion of patents has lit up the carbon dioxide removal (CDR) market, signalling the nascent market is on the cusp of entering into the growth stage.
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EU failing to protect remote marine areas, WWF says

Thu, 2024-05-09 00:49
EU countries are largely failing to protect their marine areas in the bloc's most remote regions, with national strategies often misaligned with the European Green Deal goals, a WWF report said on Tuesday.
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Australia’s mining sector well placed to lead on Safeguard credits -expert

Wed, 2024-05-08 23:08
Miners could emerge as frontrunners in generating Safeguard Mechanism Credits (SMCs) under Australia’s main carbon market programme thanks to their ability to abate emissions and the varied GHG profiles of different assets, a conference in the country’s unofficial mining capital of Perth heard Thursday.
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Euro Markets: Midday Update

Wed, 2024-05-08 23:01
European carbon prices jumped in early Wednesday trading as traders anticipated a pause in the auction programme for the next two days, while the weekly positions data showed investment funds continuing to trim their bearish bets for a fourth week in a row.
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