Carbon Pulse

A group of non-profits this week sued California regulator ARB for its recent approval of amendments to the Low Carbon Fuel Standard (LCFS), alleging that the agency overlooked the regulation’s environmental harms.

A battle for year-end positions in a thinning market heading into Christmas holidays pushed around California Carbon Allowances (CCA) futures through option expiry earlier in the week, while traders mostly expect Washington Carbon Allowances (WCA) to stagnate until the start of 2025.

Forest carbon offset projects in China are improving vegetation not only within their boundaries but also in neighbouring areas, with limited evidence of carbon leakage, a new study has found.

A waste company has partnered with one of Australia’s biggest landfill gas carbon credit project developers to form a joint venture to develop assets in New South Wales.

The Montana Supreme Court ruled in favour of 16 youth climate activists on Wednesday, closing the group’s lawsuit filed against the state for its failure to account for GHG emissions from fossil fuel projects.

Brazil’s Securities and Exchange Commission (CVM) on Monday approved new technical guidelines for valuing three kinds of domestic carbon units on balance sheets, setting the stage for a new era in accounting.

The DOE has awarded $200 million to an ethylene plant slated for the US Gulf Coast that is expected to demonstrate a carbon capture technology in an ethylene production process, the companies announced.

The UK government has published an updated list of free carbon permit handouts by installation for the period 2021-25, which will see levels in 2025 fall by less than 100,000 tonnes compared with 2024, though annual volumes in each year are lower than the previous totals published over the summer.

The second chapter of the EU's Emissions Trading System risks being delayed and watered down if governments leverage certain clauses aimed at protecting vulnerable people, as political clashes within the bloc continue to undermine the reputation and very existence of the European Green Deal.

Healthy volumes of high-priced voluntary carbon credits changed hands in November, across a very wide range of traded values, according to an exchange platform.

The White House released plans Thursday to reduce economy-wide emissions 61-66% by 2035 as part of its updated nationally determined contribution (NDC), in accordance with the Paris Agreement.

Australia on Thursday approved life extensions for four more coal mines, to condemnation from environmental groups.

The EU disbursed €2.7 billion from the EU ETS-financed Modernisation Fund for decarbonisation measures in eight member states, the European Commission announced, at the same time it approved billions of euros of state aid for clean energy projects.

The CEO of a large carbon project developer has said that excitement is building across the voluntary carbon market after countries finalised the Article 6 rulebook at COP29 in Baku.

Japan has released the draft version of its 7th Energy Basic Plan, proposing to ramp up the share of renewables in its energy mix while saying carbon dioxide removal (CDR) will be needed to offset emissions it can’t otherwise eliminate.

The arrival of sweeping EU disclosure requirements next month is prompting one of the chief drivers of voluntary corporate climate disclosures, CDP, to adapt its remit to a focus on reducing the burden of reporting, and making sure that the right data is collected and put into action.

Chile’s CO2 tax, which accepts select carbon units in lieu of payment on a tonne-for-tonne basis, has added two new standards and all their methodologies to its eligibility pool, potentially bringing in millions of tax-eligible credits to a supply-constrained market.

An industrial project to decarbonise steel and produce e-methanol aims to improve the competitiveness of Europe’s steel industry and reduce its exposure to the EU ETS.

European carbon reached midday on Thursday substantially higher after earlier moving in a comparatively narrow range, as natural gas prices appeared to reassert their influence over the EU ETS amid speculation over whether and how the bloc will source additional supplies next year.

South Korea announced Wednesday it will phase down subsidies for private and state-owned biomass facilities following widespread criticism over their impact on climate as well as the industry's role in fuelling deforestation.