Carbon Pulse

When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.

Fossil fuel company Repsol may purchase nature-based credits in pursuit of its 2050 net zero goal announced Monday, coming as part of a broader suite of interim CO2 intensity targets, internal carbon pricing updates, and renewable energy commitments.

South Korea will not bow down to industry pressure and intervene in its domestic carbon market to push down CO2 prices, but instead help companies reduce their emissions, the environment ministry said.

A daily summary of our news plus bite-sized updates from around the world.

California regulator ARB knew of alleged regulatory compliance offences at a Michigan-based WCI livestock project for five months before launching an investigation last month, but still chose to issue offsets after uncovering those problems, documents show.

This year's UN climate summit hosts declined to reference Article 6 as COP25 got under way on Monday, instead launching a push on governmental ambition that observers say could give them cover should carbon trade talks flounder.

California’s 2020 cap-and-trade auction floor price will be set at $16.68, as the total auction supply in the linked WCI market will dip by 14% due to true-up allocations, state regulator confirmed Monday.

China plans to merge major power companies and shut down outdated coal power capacity over two years, documents published over the weekend showed, a move experts say would cut emissions but increase the likelihood of overallocation when the government launches its ETS next year.

EU carbon prices fell on Monday, sinking on a mix of technical and fundamental factors.

Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORY COP25 PREVIEW: UN carbon market talks to take centre stage in Madrid Officials from nearly 200 government arrive at COP25 in Madrid next week to hammer out the rules for […]

Officials from nearly 200 government arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

Demand from emitters in Germany’s weekly auctions fell back in October after three above-average months, a government report shows.

Lawmakers in Luxembourg on Friday unveiled a draft law to raise the landlocked microstate's climate ambition.

A British oil and gas firm has lost its appeal over its €4 million EU ETS bill, with a London court rejecting the idea that UK emitters should be able to ‘net off’ allowances unallocated due to Brexit with their surrender obligations.

EUAs on Friday stayed pinned near to the €25 handle that has drawn the market's focus this week, with prices poised for a 1.6% weekly gain following a stronger auction.

The incoming European Commission will only look to publish a proposal next October to deepen the bloc’s 2030 GHG target underpinning its ETS, according to a document leaked to media that suggests officials have not been swayed by lawmaker pressure to fast-track the plans.

Lawmakers in the upper house of Germany’s parliament on Friday approved the bulk of the government’s €54 billion climate package, but blocked sections of it relating to costs.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

China’s Hubei province on Friday sold all 3.51 million CO2 allowances on offer as emitters and investors alike swept in to pick up permits at price levels not seen in the secondary market since July last year, while a Shanghai sale restricted to compliance buyers attracted interest in just a fraction of its permits.

Japan’s greenhouse gas emissions fell 3.6% last year, preliminary environment ministry data showed Friday, meaning the country is almost hallway through to meeting its 2030 obligations under the Paris Agreement.