Carbon Pulse

Singapore-based carbon exchange Climate Impact X (CIX) has launched two standardised contracts for nature-based removal credits in the afforestation, reforestation, and revegetation (ARR) market, it announced Friday.

A CCS joint venture has partnered with a fertiliser producer to consider CO2 capture in a major industrial region in Australia, using a depleted gas field for storage.

An Australian company has secured a 30-year lease agreement in New Zealand where it intends to build a NZ$300 mln ($180 mln) plant producing wood pellets that when burned emits 95% less carbon than coal.

Generic and human-induced regeneration (HIR) Australian Carbon Credit Unit (ACCU) spot prices have converged in recent days, in part due to integrity concerns stemming from last week’s Nature study as well as the shift to a compliance market, according to traders and analysts.

Presenters at a meeting hosted by California’s Environmental Justice Advisory Committee (EJAC) on Thursday raised concerns about risks of CO2 capture and storage (CCS) measures, and also recommended alternative revenue distribution options for the cap-and-trade scheme to lower cost burdens on consumers.

A panel of experts agreed on the need for increased federal regulation of the relatively young voluntary carbon market (VCM), but expressed different views on how and to what extent US authorities should tackle the VCM, in a webinar Thursday.

A network of green groups has filed a lawsuit against the US Department of Energy (DOE) claiming that the agency’s decision to fund the Diablo Canyon nuclear plant extension in California was based on a faulty environmental review.

Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM) for their crediting programmes to be considered for the Core Carbon Principles (CCP) label, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.

California Carbon Allowances (CCA) saw a modest gain over the Mar. 28-Apr.3 period, as market participants await forthcoming developments on cap-and-trade rulemaking from regulator ARB, while Washington Carbon Allowances (WCA) continued to rally on small volumes.

Experts at the UNFCCC have completed technical checks on Brazil’s higher submission of avoided emissions from forestry protection, recommending several improvements in the accuracy of REDD+ reporting, including mapping tree cover every two years.

California regulator ARB recommended excluding supply chain emissions from the corporate climate disclosure law as it was being negotiated last year, recently acquired draft amendments showed.

RGGI allowance (RGA) values fell almost 10% this week in the secondary market, with most of the decline occurring after Tuesday’s release of permit distribution figures for 2024, traders reported, unseating prices from record heights reached last week at the end of the first quarter.

A Montreal-headquartered carbon removal company announced Thursday that it will deploy a direct air capture (DAC) unit from an Amsterdam-based firm to scale the emerging technology in Canada.

EU member states are still lagging behind on reflecting Paris Agreement goals in export credit policies in what is a disregard for the climate decision they made two years ago, a report showed on Thursday.

Problems with calculating how much charcoal an improved cookstoves carbon project uses could be consigned to the past with the launch of a new hydrogen-powered portable cooker that promises zero emissions, with plans to generate voluntary credits from the mitigation.

Concerns that the world’s biggest climate investor group’s approach breaches US antitrust and securities law have been overstated, a report by a financial services company said on Thursday.

US will be the least affected of most major economies by the EU’s Carbon Border Adjustment Mechanism (CBAM) and some its exports may even benefit from it, according to an analysis by a US-based non-profit organisation.

The electricity sector has joined forces with EU industries to simultaneously boost Europe's decarbonisation and competitiveness, with an official ceremony taking place on Thursday.

The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.

The ethics adviser to Norway’s sovereign wealth fund has engaged with mining giant Rio Tinto about the impact of a Brazilian organisation on deforestation.