Carbon Pulse

California Carbon Allowances (CCA) fell below the 2025 price floor amidst strong front-end selling and political uncertainty around the future of the state's cap-and-trade programme, while Washington Carbon Allowances (WCAs) gained value in thin markets despite the threat of legal action from the federal government, traders said.

Liquid fuel producers suing to rescind California’s clean cars mandate will likely be granted standing by a unanimous or near-unanimous US Supreme Court (SCOTUS) ruling, but the case will then face a tough road winning on its merits, an environmental law specialist said Thursday.

The UK should focus on pushing companies to take plastics out of their materials rather than imposing a Emissions Trading Scheme on municipalities that collect and burn household waste, the Local Government Association (LGA) warned on Friday.

California diesel sales plunged nearly a quarter month-over-month (MoM) at the start of 2025, aligning with low points recorded last year, new state data showed.

The Internal Revenue Service (IRS) received hundreds of comments on their Section 45Z Clean Fuel Production Credit guidance, asking the agency to finalise guidance quickly and to adjust its definition of qualifying sales to match the transportation fuel business.

The UK has published draft legislation that will frame its Carbon Border Adjustment Mechanism (CBAM), with a technical consultation now open until early July.

Verra has denied the registration of a REDD avoided deforestation project in Brazil, citing errors by the verification body, even though the project has been subject to disputes about territorial claims as well as on the ownership of future credits.

European carbon allowance prices recovered from early sharp losses on Thursday morning but ended the day down, pulled lower both by a sharp drop in natural gas prices as the spread to Asian prices narrowed, and by early technical selling after the weekly positions data showed a small build in investor net length.

A Finnish low-carbon technology company is entering the Canadian market for the first time with a new mining partnership.

The French government has launched a new 'charter' in a bid to guide and scale corporate carbon credit investment, as the country aims to further the implementation of commitments outlined in the historic Article 6 deal agreed at COP29 last November.

A carbon management services provider representing a Fortune 50 multinational buyer has opened a call for proposals for "high-quality" removal projects, prioritising methods like improved forest management, ARR, direct air capture, and BECCS, with a target purchase of 200,000-300,000 tonnes by 2030.

Organisations looking to spur rapid investment in biodiversity and nature finance in Canada say it is time for large capital investors to put their money on the table.

Low-carbon power is essential to long-term energy security, UK and EU leaders said at a global summit in London Thursday, while the US rejected the “harmful and dangerous” net zero agenda.

A developer of engineered carbon removal projects has raised $15 million in Series A extension funding, it announced Thursday.

China should set a more ambitious carbon intensity target in the next five-year economic plan to fulfil the pledges it has made under the Paris Agreement, according to a report published Thursday.

The European Commission proposed on Thursday to integrate the so-called High Seas Treaty, which seeks to curb biodiversity loss in international waters, into EU law.

The UN and Brazil are upping the pressure on countries around the world to submit strengthened climate action plans for the decade ahead, with seven months to go before a COP summit that will make clear whether countries are acting on pledges to transition away from fossil fuels and ramp up renewables. 

The European Commission this week convened agricultural groups and banks in an effort to explore how nature credits can encourage private investment in conservation.

Analysis from an international law firm has concluded that linking the UK and EU emissions trading schemes (ETS) is feasible outside the framework of the Brexit process and not too legally problematic.

A draft law to amend the bloc's gas storage regulation cleared the first hurdle in the European Parliament, with members of the industry committee agreeing on Thursday to extend by two years the storage targets introduced in 2022 following Russia's invasion of Ukraine, while lowering the mandatory annual filling target from 90% to 83%.