Carbon Pulse

A blistering unpublished submission to the Chubb review on Australia's carbon market that was run by local media Wednesday has decried what it said was a “self-congratulatory, inward looking, anti-competitive” industry.

California regulator reiterated their commitment to release a 45-day package for the cap-and-trade rulemaking “in weeks” at a conference on Tuesday.

The US Internal Revenue Service (IRS) should refine carbon scoring systems related to the various clean energy tax credits within the Inflation Reduction Act (IRA) as the agency continues hammering out guidelines for its implementation, a panellist said during a Tuesday conference.

Pennsylvania's Republican-majority Senate voted along party lines Tuesday to repeal the state's RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.

A Canadian company will invest almost $1.4 billion into a US Gulf Coast renewable biofuels production facility, which will include capacity for carbon capture and sequestration (CCS) and ability to generate voluntary carbon offsets, it announced Tuesday.

The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.

Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.

EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority.

Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval.

One of Latin America’s largest alternative asset managers is launching its first reforestation fund with the aim of raising $100 million to restore degraded land in Brazil through native forest planting and sustainable agriculture.

California regulator ARB will release a second 15-day notice regarding proposed changes to the state’s Low Carbon Fuel Standard (LCFS), an agency official confirmed at a conference Tuesday.

A Japanese oil and gas firm has invested in a North Carolina-based to support its direct air capture (DAC) technology and help it move from pilot to commercial development.

The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.

Decisions over the cookstove and REDD+ methodologies that will be eligible for the high-integrity Core Carbon Principles (CCPs) label will be made at the start of November, the Integrity Council for the Voluntary Carbon Market (ICVCM) confirmed on Tuesday.

Commission President Ursula von der Leyen's choice of portfolios for the EU's new executive team in Brussels makes one thing abundantly clear: climate policy will be everybody's business in the next five years.

A London-headquartered insurance firm has launched a new product, first rolled out with a bank, that will cover commercial loans to voluntary carbon projects, it announced Tuesday.

The priority of UN biodiversity conference COP16 should be delivering on the pledges made at the last event in Montreal while tracking progress, a World Resources Institute (WRI) executive said on Tuesday.

Renewable energy can fully meet global energy demands, but urgent upgrades to grid infrastructure and integrated planning will be essential, according to a report on Tuesday.

US states that have implemented clean fuel standards (CFS) must follow California’s footsteps and increase ambition to address the ongoing credit oversupply across these markets, panellists at a conference said Monday.

A US tech company has partnered with the United Nations Development Programme (UNDP) to develop two new interactive tools to forecast future access to electricity across jurisdictions and to model clean energy equity.