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Singapore and Peru on Thursday announced they had finalised an agreement to trade sovereign carbon credits under Article 6 of the Paris Agreement, paving the way for credits created in the South American country to be used towards a portion of corporate requirements under the city state's carbon tax.

The European Commission this week announced that it would not increase EUA auction volumes in the near term under its REPowerEU programme to account for lower allowance prices, a declaration that analysts viewed as bullish.

Environmental crediting standard Verra is set to open public consultation on its stewardship credit programme early next year, a company executive told a webinar on Wednesday.

Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.

Countries could be on the verge of finalising a deal on Article 6 at COP29, with negotiators and observers each signalling that talks and texts on international carbon markets are now very close to consensus after parties appear to have carved out a compromise on the thorny registries issue, though the latest draft outcome could equally go either way.

Carbon market negotiators may have one last chance to find the right set of Article 6 rules to ensure integrity before the world abandons the market-based approach for achieving climate action, a Swedish negotiator said Wednesday.

Outcry after draft text contains only an ‘X’ instead of setting $1tn funding goal to support developing countries

• Cop29 climate summit – live updates

Hopes of a breakthrough at the deadlocked UN climate talks have been dashed after a new draft of a possible deal was condemned by rich and poor countries.

Faith in the ability of the Azerbaijan presidency to produce a deal ebbed on Thursday morning, as the draft texts were criticised as inadequate and providing no “landing ground” for a compromise.

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Malaysia's richest state, Selangor, is exploring suitable methods and mechanisms to formulate policies for a local carbon market, according to local media.

New research shows that LNG imports to the EU from major suppliers are nearly as polluting as the heavy fuel oil companies are trying to replace.

The post LNG imports are a lot dirtier than previously thought, and little better than heavy fuel oil appeared first on RenewEconomy.

Stakes high as officials discuss summit’s key question of how much rich countries should pay for developing nations to cope with climate crisis and decarbonize their economies

In response to the latest text on climate finance, Laurie van der Burg, Oil Change International Global Public Finance Manager, said it was “a mixed bag with good, bad and ugly options.”

“Rich countries now have a last chance to step up to pay the climate debt they owe to the Global South and unlock a fair and funded fossil fuel phaseout, while barring dangerous distractions. Wealthy nations must support delivering the trillions urgently needed in public finance with the majority provided debt-free, which is currently on the table.”

Speaking at a press conference in Baku this morning, Hoekstra was asked for reaction to the lack of a clear figure on the climate finance - which currently just has an “X” for the target on the new collective quantified goal (NCQG).

“It is clearly unacceptable as it stands,” said Hoekstra, giving little else away.

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Western Australia on Thursday announced the state's inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.

Negotiations on the first-ever global treaty aimed at tackling plastic pollution enter the final stretch next week amid calls for raising ambition levels, as observers have largely deemed the latest draft text of the agreement as lacking in crucial actions.

It is Day 11 at COP29 in Baku - Nature Day. New texts on climate finance and Article 6 dropped first thing this morning in Baku, with parties and negotiating blocs scrambling to pressers to share their views, as side events at country pavilions begin to wrap up. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

Exclusive: Trail would help region with few areas where people can walk in countryside, report says

A new trail along the east coast of England should be created, a Tory thinktank has said, because farmland is preventing those who live there from having access to nature.

A report from Onward has found that in most rural areas, people enjoy extensive rights-of-way networks. But across the east of England, there are many areas where people have barely anywhere they are allowed to walk in the countryside. This, the report says, is because of large areas of high-grade farmland in that area, but also because Lincolnshire has the largest backlog for recognition of historical but unrecorded rights of way, with more than 450 outstanding applications.

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Transgrid signs contract with local big batteries to boost network capacity without the need for new poles and wires.

The post “Beyond poles and wires:” Transgrid signs contract with big batteries to boost capacity on constrained grid appeared first on RenewEconomy.

Vestas pauses construction on Australia's biggest wind farm and another major project as investigations continue into a fatal accident at Golden Plains.

The post Vestas suspends work on a gigawatt of projects as Golden Plains fatal accident investigated appeared first on RenewEconomy.

Plans to develop critical offshore wind port infrastructure in Victoria’s Western Port Bay are being pared back in a fresh bid to win a green tick from the federal government.

The post Victoria dials back plans for offshore wind port, in fresh bid for federal green tick appeared first on RenewEconomy.

Australian oil and gas giant lands government money for CCUS projects, to the horror of analysts who say it would be cheaper, cleaner and smarter to phase out gas appliances.

The post Woodside handed government funds for carbon capture projects, but activists say we should use less gas appeared first on RenewEconomy.

In this webinar brought to you by GridBeyond, we look at some of the hurdles and the solutions to ensuring electric fleets are all charged up and ready to go.

The post Webinar: EV fleets & the charging challenge appeared first on RenewEconomy.

Australia's sovereign wealth fund finally given instructions to invest in what it says on the box - the future - at least in regards to energy technologies. The Coalition says it is the wrong direction.

The post Labor issues new mandate to Future Fund to invest in the future, and the zero carbon economy appeared first on RenewEconomy.