Carbon Pulse

China’s Guangdong has expanded the coverage of the regional emissions trading scheme to cover three additional emissions-intensive sectors for the current compliance period as the economic hub seeks to strengthen its carbon market.

A large group of Asian energy players have signed a Memorandum of Understanding (MoU) to progress carbon capture and storage (CCS) work to help Singapore’s net-zero target.

A daily summary of our news plus bite-sized updates from around the world.

The proposed regulatory amendments to California’s Low Carbon Fuel Standard (LCFS) are inadequate to shrink the LCFS credit bank and lift prices, several experts told conference participants Thursday.

A Delaware Superior Court judge on Tuesday partially dismissed a state lawsuit against a multitude of Big Oil firms to hold them responsible for the effects of climate change, ruling that the global and out-of-state emissions were outside the boundaries of state law, while upholding the state's case regarding emissions stemming from within Delaware's border.

The enforcement of US environmental law could be endangered should two Supreme Court cases overturn a landmark ruling that defined the balance of power between the judiciary and executive branches in implementation of federal law, legal experts have noted in a series of webinars.

California Carbon Allowance (CCA) prices broke all-time records this week, with traders articulating an array of opinions behind the rally, while Washington Carbon Allowance (WCA) prices witnessed a fairly precipitous pullback, which multiple market participants said could be attributed to political uncertainty around the future of the programme.

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US federal agencies alongside California’s ARB and Attorney General’s Office released on Wednesday details of a proposed settlement totalling $2 billion with a US-based engine maker for alleged violations of both the federal Clean Air Act (CAA) and California law.

An Irish road congestion toll in effect as of Jan. 1 provoked sharp rebuke from a Dublin-area official on Thursday as the EU country lags on sustainability commitments amid tightening purse strings and reluctance to tax heavy-emitting industries.

The European Parliament's environment and industry committees on Thursday approved some of the last files that will soon be regulating greenhouse gas emissions across the bloc, in one of the last meetings as EU lawmakers approach elections time.

The CEO of one of the world’s largest fertiliser producers Yara International has warned the EU risks swapping its Russian energy dependence to dependence on the country's fertilisers and food, as imports to the EU and other countries grow and home-grown production falls.

A consulting giant has entered into a strategic agreement with a major US carbon removals developer that includes a deal to buy direct air capture (DAC) credits.

Biochar-based carbon removals accounted for a minority of investment in durable CDR solutions in 2023 despite widespread enthusiasm for the technology among public and private sector actors alike, trailing behind funding in direct air capture (DAC), according to a report released Thursday.

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Two biodiversity credit developers are among the eight members of a cohort focused on nature technology and innovation launched by network Climate Collective.

Russian petrochemical company Sibur has added three climate projects to the Russian Registry of Carbon Units, giving it the largest portfolio of projects to reduce emissions among the country's businesses.

Carbon capture technology provider Capsol Technologies has been awarded a feasibility study for a cement plant in Latvia, with the facility forming part of a major CCS initiative intended to capture much of the Baltic region's ETS-covered emissions. 

A Sri Lankan government fund plans to issue more than 8 million carbon credits over a decade to a REDD+ project in Brazil, though experts say the carbon sequestration figures the project lists appear to be exaggerated by several orders of magnitude.

Biodiversity credit markets risk distracting governments from their role in financing nature by taking up limited time and capacity, non-profit Campaign for Nature has claimed in a paper.