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Compliance entities built their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net positions this week, while speculators continued to favour 2025 CCA holdings, weekly data from the Commitment of Traders' (CFTC) report released Friday showed.

Large corporations are increasingly looking to bundle carbon credits into agreements for tax equity investments for carbon capture and storage (CCS) projects in the US, conference attendees heard this week.

Governor Gretchen Whitmer (D) vetoed an ethanol tax credit from the state budget on Wednesday to the dismay of the biofuels industry, although a market observer considered the subsidy to have a minimal impact on Renewable Identification Number (RIN) prices.

The Chilean government released a draft climate change plan for the energy sector late on Friday for public consultation, proposing an ETS pilot and broaching a carbon border adjustment mechanism.

An oil and gas producer announced on Thursday its second carbon capture and storage (CCS) deal with an ammonia producer aiming to reduce up to 500,000 tonnes of CO2 per year at a US fertiliser plant.

The US Environmental Protection Agency's (EPA’s) 2022 decision to deny small refinery waivers under the Renewable Fuel Standard (RFS) was rejected in a federal appeals court Friday.

Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.

The government of Djibouti has granted a concession and produced a Letter of Authorisation (LoA) for a mangrove restoration project, committing to corresponding adjustment of the resulting mitigation outcomes, according to documents seen by Carbon Pulse.

Energy secretary seeks to reestablish UK as a global leader on the climate crisis with meeting of Cop presidents

Labour will honour a pledge of £11.6bn in overseas aid for the climate crisis, the energy secretary, Ed Miliband, told an unusual meeting of Cop presidents past and present on Friday, as he sought to reestablish the UK at the heart of international climate discussions.

As the Labour government prepares for this year’s climate change summit in November, Miliband hosted Mukhtar Babayev, the Azerbaijan government minister who will lead Cop29, and Ana Toni, the top official on the climate for Brazil, which will host Cop30 in the Amazonian city of Belem in 2025 in a meeting to discuss what steps are needed to make a success of the next two UN climate Cops, as the “conferences of the parties” under the UN Framework Convention on Climate Change are known.

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A French food startup submitted an application to the European Commission for what would be the first ever sale of cultivated meat in the 27-country bloc.

The UK government should apply parts of the biodiversity net gain (BNG) system to nutrient neutrality, in a bid to galvanise much-needed private investment, market actors told the government in a letter seen by Carbon Pulse.

Multiple Europe-headquartered power generation firms reported a drop in EU ETS-covered output in quarterly results this week, while their renewable energy output soared.

A global climate coalition focused on the urgent delivery of the world’s 2030 climate goals, endorsed by top climate figures, officially launched on Friday.

UK bank Barclays has urged the government to plug the £1.5 billion funding gap for growth-stage climate technology companies, which it says is key to the country meeting its net-zero ambitions and scaling up the technologies to get there.

AirCarbon Exchange (ACX) issued a notice it has delisted a nature-based carbon contract from its facilities, effective June 30.

Establishing an international mechanism to regulate the trade of biodiversity credits globally is key to supporting government action and bolstering market uptake, the head of a biodiversity credit project developer said on Friday. 

British power company Drax saw profits rise 37% in H1, as the bioenergy with carbon capture and storage (BECCS) developer continues to await a decision from the UK government on extending the subsidy regime.

Motorists should brace for higher fuel prices at the pump than initially foreseen when the EU fully applies its Emissions Trading Scheme (EU ETS) to road transport and heating fuels in 2027, the EU’s refiners association told Carbon Pulse in an exclusive interview.

Communities affected by construction of renewable energy infrastructure ‘have the right to see the benefits’

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Labour will seek to persuade people living near proposed pylon routes and other renewable energy infrastructure that the developments are critical to bring down bills and tackle carbon emissions, the energy secretary said.

Ed Miliband promised to consider new benefits for communities affected by the construction of renewable energy infrastructure, and community ownership of the assets, which could include onshore windfarms and solar farms.

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European carbon was set to record its first five-day gain in three weeks on Friday as prices moved higher in the wake of stronger natural gas and power markets though traders were unconvinced at the strength of the rally, and UK Allowances were poised to record a fourth weekly decline.