Carbon Pulse

Investors built California Carbon Allowance (CCA) and RGGI Allowance (RGA) exposure but exited Low Carbon Fuel Standard (LFS) length on regulatory uncertainty over the week, according to latest figures from the US Commodity Futures Trading Commission (CFTC) on Friday.

A bipartisan bill that would allow companies to generate and retain Renewable Identification Number (RIN) credits for biofuels used in marine shipping was introduced in Congress Thursday.

A Virginia county circuit court that had ruled the state’s RGGI’s repeal unlawful last year, suspended its earlier decision, giving the government time to appeal the ruling.

Inadequate tracking of climate policies is impeding efforts to cut emissions from the building sector, which accounts for more than a third of global energy use, according to a new study.

Massachusetts' forests are expected to remain a long-term carbon sink, but hurricanes and land development could significantly weaken their ability to absorb greenhouse gases, according to a state-commissioned study.

Oregon has seen limited uptake of zero-emission heavy-duty trucks despite forthcoming regulation, which led the state governor to call on regulators to develop new policy solutions, state officials said Friday.

Rooftop solar panels could help reduce global temperatures by up to 0.13C by mid-century, according to new research that highlights their untapped potential in the fight against climate change.

The Canada Border Services Agency (CBSA) has initiated an investigation into the dumping and subsidising of renewable diesel (RD) imported from the US, it announced this week.

A group of Republican legislators sponsored a bill in the state senate Thursday aiming to withdraw Delaware from participation in RGGI.

The Government of Canada’s Clean Electricity Regulations (CER) present significant risks to Alberta’s electricity reliability and affordability, according to a recent analysis.

A methodological panel for the UN’s Clean Development Mechanism (CDM) has endorsed a “marginal” approach for the fraction of non-renewable biomass (fNRB) for application in clean cooking projects, according to a meeting report published online this week. 

EU member states have approved a draft amendment allowing district heating operators in Poland and other eligible countries to receive an additional 30% in free carbon allowances under the EU ETS.

The undoing of the subsidy-laden Inflation Reduction Act (IRA) in the US allows Europe to seize the opportunity to lead on green investments, rather than play catch-up, according to researchers.

The West of England industrial cluster has unveiled a local industrial decarbonisation plan, with potential to contribute £3.5 billion to the UK economy by 2040 through opportunities including carbon capture and storage (CCS), clean power, and alternative fuels.

Advancing biodiversity credit markets is among the key steps recommended by the World Government Summit to meet the $200 billion annual target set out under the Global Biodiversity Framework, provided that regulators develop a standardised framework to prevent greenwashing.

Bids to develop renewable hydrogen projects in the EU amounted to more than €4.8 billion — four times higher than the budget for the European Hydrogen Bank's second auction, the European Commission announced on Friday.

The Danish Energy Agency (DEA) on Friday said it has received two applications for permits to explore subsurface CO2 storage in three coastal areas, as part of a tender launched early this year.

The US administration's recent rollback on environmental action is poised to overheat the debate on financing at the resuming talks on the UN plastic treaty, with the EU expected to adopt an even tougher stance than it did at last year’s summit, an observer to the negotiations told Carbon Pulse.

EU carbon prices rallied robustly on Friday morning as EUA and TTF gas traders appeared to balance positions ahead of the weekend in reaction to media reports that Russian forces had attacked energy infrastructure in Ukraine.

The US has withdrawn from the UN’s Fund for Responding to Loss and Damage from climate change and the Just Energy Transition Partnership (JETP), a multi-billion-dollar initiative aimed at helping developing nations transition from coal to cleaner energy sources, the US Treasury Department announced this week.