Carbon Pulse

The US Environmental Protection Agency (EPA) announced on Monday awards of nearly $1 billion to recipients across 37 US states selected for the agency’s Clean School Bus (CSB) Grants Competition.

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The year has kicked off with strong divergence between what many regard as the old and new versions of the voluntary carbon market, even before the emergence of the first credits labelled with the ICVCM’s Core Carbon Principles (CCPs) stamp of high-integrity approval.

The EU should separate emissions reductions, land-based sequestration and permanent carbon removals in its key proposal for the 2040 climate targets, scientists and climate policy experts urged the European Commission on Monday.

Nuclear power will be the main source of electricity in France, leaving little room for renewables, according to a new draft law that attempts to find alternatives to fossil fuels.

Two of the most active buyer countries in the Article 6.2 market for internationally transferred mitigation outcomes (ITMOs), still in its infancy, have stated that they will push ahead with existing Article 6 agreements and strike new ones.

Recent corporate value chain emissions reporting legislation from the EU and California, and similar policy proposals in Australia, will provide investors with the tools to identify climate-related transition risks; however, legislative goals differ, showing that projected impacts of corporate climate disclosure may vary by context.

The private sector arm of the World Bank has today announced the provision of a green and sustainability-linked loan to a European utility actively rolling out renewable energy in emerging markets, with one of the key provisions being that the company achieves its emissions-reduction trajectory as validated by the Science Based Target Initiative (SBTi).

Abu Dhabi's ADNOC has entered the international carbon capture and storage sector, acquiring a 10.1% equity stake in UK-based developer Storegga, the state-owned oil company announced on Monday. 

The secretariat of the ART carbon credit standard on Monday announced that it has approved documents submitted by Ghana under its TREES jurisdictional certification programme relating to a 2017-21 crediting period, moving the country one step closer to receiving unit issuances under the standard from activities undertaken in these years.

A London-headquartered intermediary announced on Monday a 20-year agreement with Kenya's Mikoko Initiative to manage at least 1 million tonnes of mainly blue carbon credits per year generated by mangrove and other forestry projects in the African country.

European carbon prices came under heavy pressure from the opening on Monday as forecasts for milder weather triggered a steep drop in natural gas prices, while the prospect of EUA auctions resuming next week added a bearish tone to the carbon market.

The first-ever Internationally Transferred Mitigation Outcomes (ITMOs) for use under a national Paris Agreement emissions pledge have been delivered, with carbon units from activities in Thailand transacted to Switzerland, the parties announced Monday.

The host of the COP29 climate summit, Azerbaijan, is set to raise its fossil fuel production by one-third over the next decade and create hundreds of millions of tonnes in additional emissions, according to analysis published on Monday, with polluting firms forecast to spend some $41.4 billion on the country’s gas fields.

Clean energy supply is only one side of the coin when it comes to emissions reductions but gains most of the attention, while energy efficiency could offer vast reductions in tandem with cost savings of some $2 trillion annually, according to a report released Monday.

Forests in Japan have the potential to offset a noticeable share of the country's annual carbon emissions and create great monetary value in the coming two decades, though the market potential of forest carbon hinges on multiple factors, new research has found.

We are seeking expressions of interest from individuals with demonstrated experience in carbon project development and/or carbon standard methodology development.

A South Korean securities firm has teamed up with a domestic research firm to accelerate its carbon finance business, which may include the development of overseas emissions reduction projects.

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

We have several roles available in the UK ETS team, including on supporting development of free allocation policy, co-ordinating the legislative programme, and supporting the implementation of wider ETS policy.