Carbon Pulse


News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 28 min 57 sec ago
Emissions dropped 37% in Europe since 1990, EU agency reports
The EU cut its net greenhouse gas emissions down by 37% between 1990 and 2023, driven by steep cuts in the energy sector, but falling short of the EU’s goal of 55% by 2030, the European Environment Agency (EEA) reported on Wednesday.
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BRIEFING: EU’s CO2 storage goal for 2030 “unlikely” to be met – but that’s no reason to give up, says Romania
Eastern EU countries like Poland and Romania are developing national CO2 transport and storage frameworks, but public opposition to onshore storage means their emissions may need to be shipped across Europe to be stored under the North Sea – potentially taking energy-intensive industries with them.
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China’s ETS expansion, power policy to drive aluminium sector decarbonisation -report
Challenges in decarbonising China's aluminium sector persist, but policy signals such as the expansion of the domestic emissions trading scheme are starting to guide the industry towards a lower-carbon future, according to a think tank.
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ACCU issuance shrinks in first quarter, regulator data shows
Australian Carbon Credit Unit (ACCUs) issuance has shrunk in the first quarter of 2025, according to data published by the Clean Energy Regulator Thursday.
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Malaysian govt agency, Gold Standard sign deal for aligning forestry carbon initiatives, building capacity
Malaysia Forest Fund (MFF), a federal government agency, has signed a Memorandum of Understanding (MoU) with Gold Standard to strengthen the fund’s institutional capacity and support the development of national carbon credit initiatives, it said Thursday.
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BRIEFING: Shell’s Prelude will not be an eternal source of SMCs
Shell, experts, and the Clean Energy Regulator have sought to allay concerns that the Prelude floating LNG facility will be the source of an infinite supply of Safeguard Mechanism Credits (SMCs).
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Rio Tinto mulling low-carbon aluminium smelter in India
Australian mining giant Rio Tinto has signed a deal with an energy transition solutions provider to explore the feasibility of developing a low-carbon aluminium project in India.
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Minnesota continues clean energy progress, despite national transition challenges -report
Minnesota is outperforming the national average in several key areas of clean energy transition, even as the US energy sector saw mixed results in emissions and investment in 2024, according to a new report.
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California refinery announces closure by Q2 2026
A major California refinery, an obligated entity under the state’s cap-and-trade programme, announced Wednesday that it expects to close shop in the second quarter of 2026.
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North American Clean Fuels Markets: California, Washington advance efforts to tighten standards
Recent developments in California and Washington to increase the stringency of their respective clean fuels programmes supported credit values heading into April, but this uptick in prices was hindered by US President Donald Trump's latest actions that seek to attack state-level climate policies.
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Occidental acquires second direct air capture startup -media
Occidental Petroleum has acquired a direct air capture (DAC) startup, according to media reports, marking its second such purchase in under two years through its subsidiary Oxy Low Carbon Ventures.
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Widespread challenges persist in protecting Indigenous, local rights in forest carbon market projects -study
Despite over a decade of international commitments to uphold the rights of Indigenous and local communities (IP&LCs) involved in forest carbon markets, many initiatives are falling short in practice, according to a recently published study.
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US courts rule to unfreeze $20 bln in climate funds blocked by Trump, federal agencies
In two separate lawsuits, federal judges ordered multiple federal agencies on Tuesday to unfreeze billions in climate funds “unlawfully” suspended as per an inauguration day executive order issued by US President Donald Trump.
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DATA DIVE: Chilean renewable projects aim for PACM after major support from CDM
The Kyoto Protocol’s Clean Development Mechanism (CDM) played a critical role in building out Chile’s renewable energy generation, Carbon Pulse analysis of new national data has found, while dozens of Chilean renewables projects look ahead to the Paris Agreement Crediting Mechanism (PACM).
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Repeal of US clean power and transportation rules could boost 2050 emissions by 500 MtCO2 -report
Removal of the Biden administration’s clean power plan rule and vehicle fuel economy standards would increase US emissions by over half a billion tonnes of CO2 by 2050, according to federal data released Tuesday.
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Alberta TIER funds C$65 mln toward sustainable solutions for energy intensive industries
Emissions Reductions Alberta (ERA) launched a C$65 ($47) million funding opportunity for technologies with environmental benefits through its annual Industrial Transformation Challenge on Wednesday.
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Brazilian prosecutors demand cancellation of Para’s $180 mln J-REDD deal
Brazilian public prosecutors issued a recommendation recently to cancel the state of Para’s $180 million deal for the sale of jurisdictional REDD (J-REDD) credits, saying the agreement violates national law.
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West Virginia legislature passes bill for CO2 storage under state parks
A West Virginia bill allowing the state to lease space under its parks is heading up the chain of command for final approval.
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Uganda, Switzerland Article 6.2 deal “very close” to maturity -official
Uganda is very close to signing a bilateral agreement with Switzerland under Article 6 of the Paris Agreement, following the legalisation of country’s carbon market regulations earlier this month, an official from the Ministry of Water and Environment (MWE) said Wednesday.
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US tech giant retires 52% more nature-based carbon credits in 2024
A large Silicon Valley-based technology company confirmed it had retired over 700,000 voluntary carbon credits last year, up 52% year-on-year, in its sustainability report published Wednesday.
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