Carbon Pulse

Residential rooftop solar installations have soared across the EU since 2022, outpacing many governments' policies and readiness, according to a report released on Thursday.

Malaysia is designing a carbon crediting system specifically for its forestry sector that it hopes to release before the country’s national steering committee in the second quarter of this year, the government body responsible for the mechanism said.

Six organisations have published an open letter to the Voluntary Carbon Markets Integrity Initiative (VCMI), urging it to refrain from allowing companies to use voluntary carbon credits to address Scope 3 emissions.

The sixth ministerial meeting of the EU-US Trade and Technology Council (TTC) takes place on Thursday and Friday in the university town of Leuven in Belgium, with cooperation on green technologies and raw materials high on the agenda.

Power generation from EU fossil plants fell to even lower levels in the first three months of 2024 than seen last year, data showed, as EUA market participants mulled the impact of an extended collapse in demand for permits from the sector.

A project to reduce enteric methane emissions in Brazil through administering feed additive to cows should enter its pilot phase next month, led by a Santander-backed climate consultancy turned developer, which is also moving into the REDD+ voluntary carbon market.

The Scottish government is consulting on whether to legislate incentivising nature restoration on private land through financial support and advice.

Africa's critical minerals mining boom could wipe out more than one-third of the continent's ape population, with short-term offset plans failing to compensate for negative impacts, researchers have found.

European carbon prices showed little reaction on Thursday morning to the publication last night of verified emissions data for 2023, despite a larger-than-predicted drop, with prices garnering support from a firmer TTF gas market, and a modest reduction in investment funds' short positioning also failing to trigger a definite price reaction.

The US Environmental Protection Agency (EPA) on Thursday announced the allocation of $20 billion in grants from the $27-bln Greenhouse Gas Reduction Fund (GGRF) to mobilise private investment in clean energy and other climate action, with the funding awarded to eight initiatives selected from two nationwide competitions.

Japan has issued a call for business proposals under the Joint Crediting Mechanism (JCM) with a total budget of 12.8 billion yen ($84.37 mln) for projects starting from this year, as the government aims to boost the supply of carbon credits under the bilateral framework.

The co-founder of a voluntary carbon market ratings agency has stepped down from their role at the firm to focus on other tools to fight climate change.

France has opened a consultation on proposed revisions to its 'low-carbon label' methodologies, concerning afforestation, reforestation, and the restoration of degraded agricultural land in French Guiana.

South Korea is planning to allocate a budget of up to 10.9 billion won ($8.09 mln) to subsidise domestic companies that plan to develop emissions reduction projects abroad this year, as the government seeks to secure more international carbon credits. 

A number of stakeholders are urging the Australian government to reign in broad ministerial call-in powers being proposed under its reforms to the country’s environment and biodiversity protection laws.

The majority of global CO2 emissions released into the atmosphere since the Paris Agreement was adopted in 2015 can be traced to a small group of fossil fuel and cement companies, according to analysis published on Thursday.

An agtech partnership with an emissions trading marketplace launched on Wednesday aims to provide more than 30,000 smallholder farmers in Nigeria with access to carbon finance.

Stakeholders have criticised the latest draft of British Columbia’s second forest carbon offset protocol (FCOP 2.0) over the prospects of limited interaction with the voluntary carbon market (VCM) and for other perceived design flaws, according to a report.

California’s low carbon fuel standard (LCFS) prices fell around 5% this week with the reopening of a renewable diesel (RD) refinery flooding an already oversupplied market.

A US steel producer on Wednesday announced a 20-year agreement with a carbon capture technology firm to establish a CCUS facility at one of North America’s largest integrated steel mills.