Carbon Pulse

The Shanghai government will auction off 2.8 million carbon allowances under the local emissions trading scheme a the end of this month to ensure regulated emitters can meet their compliance requirements.

The world is on track to miss the clean energy targets agreed at COP28 without stronger and more urgent action, according to a new report.

Entities covered under Australia’s Safeguard Mechanism have continued to hoard carbon credits to meet their expected compliance demand as unit issuance grows, albeit not as fast as the Clean Energy Regulator (CER) previously expected.

A global non-profit think tank that assesses leadership in corporate climate policy engagement has found that 23 out of 40 top performers are headquartered in Europe.

Quebec's pension fund on Monday unveiled a new investment platform alongside a US-based landscape investment manager after acquiring a minority stake in the firm.

RGGI allowance (RGA) prices plummeted 12.4% Monday upon the release of a long-awaited programme review update from market administrator RGGI Inc., which provided modelling of an additional regional cap trajectory scenario and detailed potential expanding of the Cost Containment Reserve (CCR).

In an effort to bolster scale beyond pilot projects, US and Singaporean architects of transition crediting mechanisms vouched for the nascent market’s ability to meet eventual compliance demand during Climate Week NYC on Monday.

Latin American and Caribbean governments differed on UN climate conference flashpoints on Sunday in New York, less than two months from COP29 in Baku this November.

A global tech giant has bought 15,000 CO2 removal credits (CDR) in a second purchase agreement from a London-headquartered enhanced rock weathering (ERW) firm, per an announcement on Tuesday.

Institutional investors are wary of financing “science projects” and losing their shirts in a nascent voluntary carbon market (VCM) that has already undergone several transformations, and where the make-or-break risks are still high, experts said during Climate Week New York City on Monday.

A new consortium of US green banks seeking to appropriate funds earmarked in the Inflation Reduction Act (IRA) launched Monday with $27 billion in investments in line with Climate Week New York, according to a press release.

A US-based CO2 utilisation firm has raised $645 million to finance the development of its sustainable aviation fuel (SAF) plants.

RGGI states issued a notice on Monday with potential plans to almost double Cost Containment Reserve (CCR) permits with a second CCR tier in a new cap trajectory scenario, requesting public feedback to inform final decisions of its Third Program Review.

A group of global legislators has urged the US government to immediately halt the export of liquefied natural gas (LNG), in a letter released during the first day of the Climate Week NYC.

The US government does not advise its investment partners to finance sustainable development projects abroad whose lifeline is carbon finance, especially if they are small in scale, according to a senior official speaking at Climate Week NYC.

While enhanced rock weathering (ERW) may be a promising tool in the fight against climate change, careful management is essential to avoid unintended consequences for ecosystems and human health.

Almost 40 US banks, which collectively facilitated over $10 billion in new clean energy investments last year, on Monday announced the formation of the US Green Bank 50 partnership (GB 50) on Monday, aiming to enhance collaboration and share resources amongst them.

Turkiye's energy exchange EPIAS has teamed up with an international carbon standard to enable the first exchange-based trading of certified credits on its platform, they announced after signing an agreement in New York on Monday.

Verra is digitalising its most used methodologies from a largely paper-based system, in an effort to speed up the certification process for project developers while strengthening integrity, the voluntary carbon standard's chief technology officer said at Climate Week NYC on Monday.

The Egyptian voluntary carbon market (VCM) is a capital market and will be regulated as such to ensure its financial credibility, Egypt’s top finance regulator told Carbon Pulse in an interview.