Feed aggregator

California diesel consumption in October declined month-on-month (MoM) following two months of gains, while gasoline volumes rose from September levels as retail gas prices decreased, state data published this week showed.

Credit prices used towards alternate compliance options in Canada’s Clean Fuel Regulations (CFR) programme for 2024 increased 2.2% compared to last year, according to a notice from the environment ministry on Friday.

Financial entities moved focus to V26 California Carbon Allowances (CCA), while continuing to derisk across V25 CCAs, RGGI Allowances (RGA), Low Carbon Fuel Standard (LFS), and Washington Carbon Allowance (WCA) holdings as credit prices in the secondary market weakened, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.

US DOE-funded carbon management and clean energy projects should consider legally binding community agreements to build long-term trust in low-carbon projects, a national think tank suggested Friday.

An Iowa-based CO2 pipeline project developer filed legal action Thursday against a commissioner on the South Dakota Public Utilities Commission (PUC), demanding she be recused from reviewing the company's permit application due to an alleged conflict of interest.

A global alternate energy investment firm is adding a Virginia natural gas power plant to its portfolio.

The government says it will dispose of its 140 tonnes of radioactive plutonium - currently stored at Sellafield.

The Supervisory Body (SBM) of the Article 6.4 mechanism should weigh in on property rights concerning UN-approved credit issuances at its February meeting, according to an emissions trading industry group.

The US stands to be the country with the largest demand from its airlines for Phase 1 of the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), according to analyst forecasts, but there remains confusion over the impact on the scheme of President Donald Trump pulling the country out of the Paris Agreement.

Zambia has published a carbon market framework, which establishes a fee structure for international credit trade, the institutional arrangements for managing markets in the country, and the functions of its national registry, as it moves a step closer towards Article 6 readiness.

The UN-convened Net Zero Asset Owner Alliance (NZAOA) has published a request for information as it seeks to ramp up to capacity building, knowledge sharing, and investment in carbon removal.

Climate experts see a new Conservative-led government in Germany staying the course on climate action, albeit with a greater focus on carbon pricing and removals that some warn risks backfiring politically.

Ministers avoid internal party row by promising potential rebels they will have input into environmental legislation

Ministers have seen off a bill that would have made the UK’s climate and environment targets legally binding, after promising Labour backbenchers that they would have input into environmental legislation.

The deal avoids an internal row over the bill, which was introduced by the Liberal Democrat MP Roz Savage but had support from dozens of Labour MPs.

Continue reading...

There is no planned revision of the EU’s Emissions Trading System for road transport and heating fuels (ETS2) until 2028, EU sources told Carbon Pulse in response to calls from national governments to address social acceptability concerns before the scheme kicks off two years from now.

The ICE exchange on Friday said it saw a record number of environmental contracts trade in 2024, and confirmed the launch of new EU ETS2 futures in May.

The European Commission says it will deliver an "unprecedented simplification effort" in a leaked draft of its 'competitiveness compass' seen by Carbon Pulse on Friday, which also includes a decarbonisation roadmap.

Rachel Reeves flies back from Davos to lead a revival of the aviation perennial. Labour hated the idea before, but growth won’t grow itself, will it?

How can people say we can’t build anything in this country any more? Listen: our parliament is literally falling down, has caught fire 45 times in the past decade alone, and is going to take tens of billions of investment just to get it in the same postcode as fit-for-purpose – a fact which has now been kicked down the road for actual decades by successive cohorts of MPs who can’t handle being the ones to face reality, even though they are actually walking around in it every day. So don’t you dare tell me we don’t build things. We build the best damn metaphors in the world.

Another thing we might be building, perhaps in our own inimitable style, is a third runway at Heathrow. This is the heavy hint dropped by chancellor Rachel Reeves at Davos this week, which – if realised – could open the gate to the Labour Upside Down. Half of the cabinet hate it, half of them love it. Imagine Tony Blair but in asphalt.

Marina Hyde is a Guardian columnist

Continue reading...

Nature-based solutions (NbS) designed to curb climate change, such as afforestation and bioenergy cropping projects, could lead to unintended consequences for biodiversity, as they alter vast areas of land and habitat, according to a new paper.

European carbon prices were little changed at midday on Friday as the recent rally appeared to have come to a halt, with sustained firmness in energy markets delaying a widely anticipated correction, while participants said the closing settlement price could be the key to next week's price evolution.

Three executives have resigned from India’s largest offset developer EKI Energy to co-found their own carbon market firm, they told Carbon Pulse Friday.