Carbon Pulse

For the second week in a row, regulated parties and speculators both built on their net holdings of California Carbon Allowances (CCAs) and RGGI allowances (RGAs) as the new year began, while the US Commodities Futures Trading Commission (CFTC) again did not report Washington allowance (WCAs) holdings, data published Friday showed.

Saskatchewan, which stopped collecting the federal carbon levy on gas utility bills as of Jan. 1, will be in violation of Canadian law should it refrain from making payments to Ottawa, with significant impacts to the CO2 tax rebates that are returned annually to provincial households, experts told Carbon Pulse.

A Denver-headquartered emissions management firm is set to receive financial backing from the US Department of Energy's (DOE) Loan Programs Office (LPO) to scale its methane detection technology across six states.

CO2RE, the UK's national research hub on CO2 removals (CDR) led by the University of Oxford, this week announced the four winners of its latest funding round, with each set to receive up to £50,000.

South Africa's energy ministry has published a new draft long-term energy blueprint that foresees the building of more coal power capacity, a move that appears to lower the nation's climate ambition as the government tries to grapple with energy security issues.

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EEX’s European carbon volumes ticked up 6% in 2023 compared to the previous year, with strong emissions certificate sales for Germany's domestic nEHS scheme accounting for the bulk of the growth, though the more lucrative secondary trade saw declines as futures dealings slumped by over one-fifth.

WWF has launched a roadmap for regenerative agriculture in England with steps for expanding nature markets including ramping up biodiversity net gain requirements.

The UK needs to finish developing an environmental footprint indicator to help demonstrate how it is tackling distressing deforestation levels, a group of UK politicians has said.

An automaker-led team competing in a global motorsport championship for electric cars will offset emissions from its 2023 season through the purchase of carbon credits from a biotech company developing meat alternatives registered under Iceland-based International Carbon Registry.

The diversion of ships around the Cape of Good Hope to avoid attacks in the Red Sea will substantially increase emissions compared to the usual Suez Canal route, but the impact on EUA demand from the shipping sector is not likely to be significant in 2024 due to its gradual phasing into to the EU ETS, experts told Carbon Pulse.

China’s State Council on Friday approved regulations for the national emissions trading scheme, adding bureaucratic clout to the scheme, which so far only has been formally backed at ministerial level.

European carbon experienced a relatively stable morning on Friday as traders kept an eye on forecasts for colder weather and gas price support, while waiting for US-based investment funds to start their day.

In order to coordinate the implementation of the Agroforestry action, including the advising to the seedling production at community lever, the establishment of Agroforestry System, the training to SHF and other stakeholders and supervise local and international partnership, FAO Mozambique intends to recruit an Agroforestry and Carbon Trading Specialist to support the implementation of these component.

Azerbaijan's environment minister, who worked for 26 years at the country's state oil and gas firm, has been appointed as the president-designate of COP29, due to be held in November in Baku.

Sentiment in China's national carbon market is being reset after the market concluded the second compliance period at the end of 2023, with participants expecting more policy updates to be announced later this year.

US-based academics say they have found a more efficient way to capture the CO2 emitted from power stations, which may eventually assist the energy transition.

Even under a moderate implementation of the EU’s biodiversity strategy, tens of millions of cubic metres of roundwood production would be moved to countries with lower governance quality and higher risk of species extinction, a study has warned.

A US-based consulting and engineering services company has been awarded $24 million by the US Agency for International Development (USAID) to preserve biodiversity and natural resources, and promote blue carbon initiatives in Cambodia, it announced Thursday.

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