Carbon Pulse

Brazilian senators over the past week proposed eight amendments to Brazil's emissions trading system legislation to integrate the voluntary carbon market (VCM) and set offset usage limits, give credits to firms for transitioning to renewable energy sources, and narrow down the list of regulated sectors.

Investments in clean electricity and other climate solutions funded by the US government's Inflation Reduction Act (IRA) will spur greater CO2 emissions reductions from the power sector and across the economy, found an EPA report released Tuesday.

The California legislative Assembly on Monday passed a bill requiring large companies doing business in the state to publicly report their Scope 1–3 emissions, with the bill headed back to the Senate for final approval.

The Washington Department of Ecology (ECY) on Tuesday announced a forthcoming rulemaking to consider adding new offset protocols and updating existing ones under the state's cap-and-trade programme.

Net zero is achievable in the construction sector by 2050, and moving aggressively to decarbonise the built environment is critical, the UN said Tuesday in a report outlining key steps that the sector can take.

Stakeholders are still eyeing a November release for the European Commission’s carbon management strategy, despite concerns about the effectiveness of a recently-closed consultation and the impact of new appointments within the EU's executive. 

Financial institutions can no longer claim a lack of data means they can’t track their impact on forests for net zero and TNFD processes, according to a new report released by a US-government-backed initiative.

France’s state-owned utility EDF has set up a new carbon credit business to develop a portfolio of nature-focused projects at home and abroad, it said on Tuesday.

The risk of having to pay hefty third-party liability charges due to operational failure with carbon capture and storage networks will be significantly reduced by using digital twin technology to predict potential integrity breaches, according to a digital services company positioning for a role in the sector.

Biotech companies are the laggard of the industrial world for corporate climate action, with a collective emissions trajectory equivalent to warming the world by 3.3C above pre-industrial levels, according to a new analyst indictor model that found no business sector was on track with the Paris Agreement goal to limit warming to 1.5C.

A major tech giant is making its first foray into the world of direct air capture (DAC) by purchasing carbon removal credits from the world’s largest DAC facility and investing in a developer of modular DAC systems.

EUAs were little changed on Tuesday morning amid a relatively narrow trading range as the market geared up for Wednesday's weekly Commitment of Traders data, while natural gas prices also fluctuated as North Sea maintenance was postponed while China re-entered the LNG market to buy winter cargoes.

Two German companies active in the voluntary carbon market (VCM) announced a partnership Tuesday that will enable the customers of a platform to buy credits from a portfolio of carbon removals projects, including via long-term automated purchase agreements. 

Australian oil and gas company Woodside has expanded its cross-border carbon, capture, and storage (CCS) value chain plans through a deal with three Japanese companies.

Wood-based products have the highest biodiversity impacts within the manufacturing sector relative to their output, French consultancy CDC Biodiversite has said.

The European Parliament voted in favour of nearly doubling the share of renewable energy in the EU’s overall energy consumption by 2030 on Tuesday in Strasbourg, after months of infighting over the proposal both on the Parliament and Council of member states side.

A study conducted by a global investment company has found that most large investors are not familiar with the concept of a 'just transition', and those that understand the term have not implemented a plan to integrate it within existing strategies.

A Beijing-based carbon trader and offset project developer has teamed up with a China-focused venture capital firm to launch a clean stove project in Bangladesh, eyeing the growth potential of South Asian carbon markets.

The government of South Korea will hold a public hearing on carbon market regulations on Wednesday, as it seeks to revitalise its emissions trading market by relaxing current KAU carryover rules.

The largest integrated petrochemical company in Russia is considering the possibility of selling carbon offsets generated from its Russian climate projects to the Chinese market, it announced Tuesday, as demand for Russian credits elsewhere is minimal after its invasion of Ukraine.