Carbon Pulse

Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.

Dairy industry members were dissatisfied with Washington’s proposed revision to its Clean Fuel Standard (WCFS), arguing that the regulator’s considerations for biomethane fell short of incentivising investment. 

The New Mexico Environment Department (NMED) released Thursday a discussion draft of its future Clean Transportation Fuel Standard (CTFS), inviting public comments until mid-January.

Canada’s first sustainability and climate disclosure standards were published Wednesday, enabling companies to voluntarily adopt the measures until mandated by provincial and territorial securities regulators.

The California-Quebec joint WCI auction in February will offer a lower volume of allowances in the first quarterly allowance sale of 2025 than it did in the last of this year, according to a Friday notice from California regulator ARB.

Based on data so far in December from major registries, the voluntary carbon market is set to record its biggest year ever for credit retirements, new analysis from Carbon Pulse shows.

Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.

A carbon removal standard has published the first protocol for durable carbon removal (CDR) in the mining industry.

Gold Standard has confirmed to Carbon Pulse that it will make a decision on whether, or how, to integrate the UN-backed CLEAR clean cooking methodology within its carbon crediting programmes in 2025.

The ongoing environmental crises are unlikely to be solved unless crediting schemes move beyond just carbon, with governments now tasked with starting establishing common metrics on biodiversity to back the market uptake, a researcher at the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) told Carbon Pulse.

Around one-third of local authorities are unaware of how the upcoming expansion of the UK carbon market will impact incineration and energy recovery of waste, a survey has found.

A UK council announced this week it has become the first local authority to commit to a beyond net zero strategy, with plans to help scale carbon removal (CDR).

Volatility and trading volume in European carbon allowances diminished on Friday morning while prices were little changed by midday, as market participants started to clear their desks ahead of the holiday break and natural gas traded in a comparatively narrow range.

Global consultancy Accenture is investing in nature-based carbon removals to tackle residual emissions and reach its net-zero target by 2025, the company revealed this week.

A Helsinki-headquartered project developer has unveiled plans to decarbonise heavy industry by introducing biochar as a biogenic alternative to fossil-based products in steelmaking.

Frustration over inaction on the nature crisis has built following the overall poor outcomes of this year's international talks, in what is described as an unprecedented climate of distrust, with observers arguing 2025 could be critical for global efforts on biodiversity.

A Canada-based carbon credit developer has this week launched a tool allowing e-commerce shoppers to offset emissions at checkout from shipping.

A group of the largest miners working in Australia have “warmly welcomed” the Science-based Target initiative’s discussion paper on Scope 3 emissions and made their own recommendations.

Prices in China’s national emissions market were stuck below the 100 yuan ($13.70) mark over the past week, with trading volumes retreating as some major emitters have finalised their 2023 compliance.

New Zealand’s Court of Appeals has struck out a long-running case against the government over its failure to act on climate change, but left the door open for rights-based climate cases in the country.