Carbon Pulse

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

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Canada’s GHG output increased in 2021 with the return of activity following COVID-19 shutdowns through the previous year, driving the country further away from 2030 Paris abatement pledges, according to government data published Friday.

Regulated entities trimmed their net length in California Carbon Allowances (CCAs) while building slightly in RGGI, as speculators did not significantly alter their positions across the two North American cap-and-trade systems, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including a meeting of the Pennsylvania governor's RGGI working group, a Michigan plan for a low-carbon fuel standard (LCFS) and clean energy standard, an Oregon commission's GHG reduction recommendations and legislative proposal to study a lower diesel carbon intensity benchmark, and the advancement of offset-related legislation in California.

An activist group for Indigenous peoples has lodged a grievance with a jurisdictional REDD+ standards body over claims that the Guyanese government did not receive consent from communities to distribute tens of millions of avoided deforestation carbon offsets.

A UK-based carbon standard is due to launch next week having built up a portfolio of pilot activity in regenerative agriculture, as corporate interest in existing options for British land-based carbon credits is seen waning.

Exchange operator ICE Futures US announced on Friday the delayed launch date for three Washington Carbon Allowance (WCA) futures contracts, four months into commencement of the newest carbon market in North America.

EU member states handed out a total of 75 million more free EUAs to industrial plants over the last four weeks, bringing the total issuance to around 76% of this year's maximum, though five countries are yet to begin issuing permits to installations.

The Scottish government is inviting prospective suppliers to bid on a £66-million peatland restoration contract.

The EU should look closer to home when it comes to diversifying its supply of critical raw materials (CRMs) needed for the energy transition by developing sustainable mining within its borders, according to a leading expert, as rising export restrictions are seen hindering global climate ambition.

Nordic tech firms including music streaming service Spotify and e-payment company Klarna are set to contribute a further $5 million in 2023 to a fund set up as an alternative to carbon offsetting.

UCLA's Institute for Carbon Management has developed what it’s called a first-of-its-kind ocean-based carbon capture system that removes CO2 from seawater, a process than can then lead to more of the gas being absorbed from the atmosphere.

European carbon prices snapped their two-day losing streak on Friday morning, posting a modest gain in very light trading, while energy markets were once again weaker as the market absorbed the impact of comfortable gas supplies.

The price for Chinese carbon allowances bounced back over the past week after the previous week's dip, though only on the back of a handful of largely symbolic transactions, while the offset market saw improving liquidity aided by heated discussions around the relaunch of the national programme.

Australia's Clean Energy Regulator has published ERF carbon projects' carbon estimation areas (CEAs) as now required by law as part of amendments made to the Safeguard Mechanism legislation, however crucial data that could help determine the effectiveness of the projects have been left out for the time being.

Governments need to work together towards providing greater transparency in defining the emissions intensity of hydrogen to facilitate the market and regulatory signals required at a global level to boost investment in the sector, the International Energy Agency (IEA) has urged in a report.

The Queensland government has opened the third round of its Land Restoration Fund (LRF), with A$50 million available to go towards carbon farming project across the state.

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

A US-based startup has launched an ‘operating system’ aimed at streamlining the carbon credit management process and enabling suppliers to scale their operations effectively.