Carbon Pulse

Governor Josh Shapiro (D) looks to establish a standalone cap-and-trade programme for the state of Pennsylvania and formally leave the Regional Greenhouse Gas Initiative (RGGI), according to Shapiro’s energy strategy released Wednesday.

The next wave of orphaned oil and gas wells is about to crop up in the US, offering significant potential to generate methane abatement credits.

California Carbon Allowance (CCA) prices plunged early in the day Wednesday, with traders reporting lower stops being triggered and heavy selling ahead of options expiring on Friday.

A coal-fired power station in Hungary and a mine in Poland have been granted more time to operate as part of separate decisions, reported in local media on Wednesday, drawing threats of legal action from environmental groups that say the moves contradict national climate targets.

Two corporations that supply giant technology company Apple have committed to invest a combined $80 mln in a nature-based carbon removal fund.

Environmental trading platform Regen Network has sold two-thirds of the biodiversity credits available from a jaguar conservation pilot over a 10,000-hectare area in the Ecuadorian jungle, it said on Wednesday.

A Texas-based telecommunications company will purchase CO2 removal (CDR) credits from a US developer of direct air capture (DAC) facilities, the firms announced Wednesday.

The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc's progress towards the objectives.

The UK government is planning to launch a consultation to explore how the nascent international biodiversity credit markets can “mutually reinforce” existing carbon credit markets.

Financial regulators should stick to issuing guidance on voluntary carbon market (VCM) trading and clarifying common definitions instead of regulating projects or imposing requirements such as public pricing, according to an industry body.

The capacity of ecosystem service valuation estimates to inform decision-making on nature conservation could be hindered by existing data gaps, a study has found.

The European Commission will issue a report by July 2026 on how to include carbon removals in the EU ETS, with experts ultimately supportive of the idea but warning of the risks it could pose.

The international arm of the European Investment Bank, EIB Global, will support projects for urban development and sustainable forestry in Mongolia, under the largest-ever financing agreement signed on Tuesday within the EU Global Gateway initiative.

Europe’s clean energy boom risks being thwarted by lagging improvements of its electricity grid networks, unless policymakers and operators act quickly to unlock investments, according to analysis released on Wednesday.

A tax-and-rebate policy could decrease income inequality within the EU’s agricultural sector without affecting total revenues or drawing down national budgets, even at a high carbon price, reseachers say.

A data resource, launched Wednesday, hopes to shed light on the global development of direct air capture (DAC), while a new index from the same firm will track the price of the most commonly traded credits in the voluntary carbon market.

European carbon prices were little changed at midday on Wednesday, after earlier unwinding the remainder of their gains from last week's rally, as weekly positions data from the main exchanges showed investment funds had reduced their net short position by less than traders had been expecting.

A Canadian sustainable commodities supplier has opened an environmental commodities desk in the Netherlands, which will focus on trading both compliance and voluntary carbon as well as other markets.

An international NGO launched a nature-based solutions hub on Wednesday, seeking to leverage the voluntary carbon market (VCM) to fund community-based projects for children and the climate.

South Korea's monthly CO2 permit auction on Wednesday was overbid after the government's recently introduced flexible mechanism allowed volumes to be slashed, though the demand outlook remains blurry given persistent regulatory uncertainty.