Carbon Pulse

California’s Low Carbon Fuel Standard (LCFS) cumulative credit surplus surged to a record high of 4 mln in Q3, as renewable diesel (RD) and renewable natural gas (RNG) net credits reached new peaks, according to state data.

Financial entities continued to cool off from California Carbon Allowance (CCA) and Low Carbon Fuel Standard (LFS) futures and options holdings, while emitters increased longer-dated CCAs and LFS positions, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.

Federal Liberal leadership hopeful Mark Carney, former governor of the Bank of Canada, is pledging to scrap the country’s revenue-neutral consumer carbon tax in favour of 'green' incentives and tougher targets for heavy industry.

An American timberland company anticipates a sharp rise in voluntary carbon credit sales in 2025, forecasting a five-to-ten-fold increase compared to 2024, as demand for high-integrity forest carbon projects continues to grow, its executives said on Friday.

As time runs out for countries around the world to submit new national emissions reduction targets to the UN, G20 nations are failing to lead by example, researchers have found.

Europe's largest economy has finally moved to transpose the latest version of the EU Emissions Trading System (ETS) regulation into national law.

The World Trade Organization (WTO) can support members of the Caribbean Community (CARICOM) intergovernmental union to avert the worst impacts of the EU Carbon Border Adjustment Mechanism (CBAM), according to a regional think tank, though CARICOM should also pursue greater intra-bloc alignment between climate and international trade policy.

The European Commission will put forward its 2040 climate target bill “sooner rather than later”, a spokesperson said Friday, reaffirming that Europe’s aim is still to get its legislation adopted before the COP30 UN climate summit in November.

Carbon markets are misinterpreting how the target of “zero net emissions” should be reached, according to a physicist behind the concept, speaking to Carbon Pulse.

The parliament of Ghana has set up a committee to explore a proposed pension scheme for the members which will be funded by revenues generated from carbon credits, even as the idea has been severely criticised by a local non-profit.

The UK government launched on Friday a public consultation on a framework aimed at enhancing decision-making on land use across the country, with potential implications for the emerging nature markets.

A new certification requiring consumer brands to set a $15/tonne internal carbon fee could raise $6.75 million this year to be spent on carbon credits, if the companies signed up so far maximise the full potential of offsetting available to them.

The US DOE has selected a Canadian carbon capture and storage (CCS) developer for a cost-sharing deal of up to $1.5 million to study CO2 capture at an Arkansas pulp site, the British Columbia-based firm said this week.

European carbon permits were poised to return a 14% monthly rise in January after posting a seventh gain in the last 10 days on Friday morning, with a strong auction outcome underpinning the market's stability amid strength in power and gas, while UKAs remained on course to record their largest-ever weekly gain.

Gold Standard is seeking feedback on a methodology to eradicate the huge emissions from commercial aircraft contrails that is as about as two thirds as potent to global warming than aviation CO2 emissions.

A Liechtenstein-headquartered private bank and asset manager has teamed up with a UK-based nature analytics company to better assess how its investments impact biodiversity.

An Iceland-based carbon registry has received received full and unconditional endorsement from the International Carbon Reduction and Offset Alliance (ICROA) for its crediting programme.

US-based carbon standard Climate Action Reserve (CAR) has opened a second public consultation on proposed updates to its Mexico Forest Protocol Version 3.0 (MFP V3.0), seeking to clarify and strengthen requirements for project eligibility, monitoring, and verification.

A German multinational has partnered with a business consortium in Kenya to facilitate soil carbon offset projects in the East African nation and across the continent.

The share of carbon in the cost structure of industries covered by the EU’s Emissions Trading Scheme (EU ETS) is currently too small to cause deindustrialisation on its own, but will become a growing cause for concern in the coming years, analysts said.