Carbon Pulse

More than 80 non-profits have called for a carbon offset ban in climate regulations and company guidelines, arguing that they distract corporates from real decarbonisation.

A US-based soil carbon removals platform has put itself up for sale amid challenges in the wider voluntary market, Carbon Pulse has learned.

Two US companies have unveiled a new soil carbon methodology that will credit farmers for implementing sustainable practices as well as the resulting removal and storage of CO2.

China's environment ministry is proposing moderate reductions in the number of CO2 allowances it will hand out for 2023 and 2024 in the national emissions trading scheme compared to the previous trading period and provide more clarity on permit carryover rules, according to a draft allocation plan released Tuesday.

The Indonesia government aims to have 15 CCS/CCUS projects online by 2030, its Ministry of Energy and Mineral Resource announced Tuesday, as the country continues to see it as integral plank of achieving its climate goals, while at the same time allowing its oil and gas sector to continue to grow.

South Korea and Vietnam have established a joint committee to foster collaboration on climate change as they move to deepen their relationship on issues such as compliance carbon markets and projects generating credits under Article 6 of the Paris Agreement.

The stockpile of privately held NZUs has shrunk by some 25.5 million units, according to government figures published Tuesday, thanks to the May 31 surrender deadline for emitters.

The Washington Department of Ecology (ECY) on Monday released draft language of the cap-and-trade linkage rule to align the state’s carbon programme with the broader California-Quebec market.

A prominent New Zealand legal group has urged the coalition government to rethink its unwinding of transport emissions reduction policies, saying it was ignoring key aspects of the first Emissions Reduction Plan (ERP) and the Climate Change Response Act. 

The author of a California Senate bill intended to provide greater oversight on claims made from the sale of carbon credits has asked an Assembly committee to remove the bill from its agenda, and the proposal will not advance for the remainder of the legislative year, her office told Carbon Pulse on Monday.

RGGI Allowance (RGA) settlement prices hit all-time highs yet again last week amid a persistent bullish outlook for the Third Program Review, despite the ongoing silence from the programme administrator regarding updates to the scheme, before retreating late in the week.

Carbon Pulse rounds up June’s developments in Latin American and Caribbean (LAC) carbon markets, seeing two countries score high-priced Article 6 deals with a Swiss agency and several others make minor ETS announcements, though direct taxes continue as the region’s carbon pricing mainstay.

The Alaska Department of Natural Resources (DNR) has published final regulations set to take effect in July for the state's forthcoming voluntary offsets programme.

Carbon credit retirements towards Colombia's national CO2 tax remained weak in Q1, per figures presented at a climate summit in Cartagena last week, as domestic supply and demand struggled after media scandals and a volume cap was introduced in late 2022.

A New York-based fintech startup has launched a blockchain-based carbon trading instrument for voluntary REDD+ credits, with all projects assessed by a ratings agency and prices published on its exchange platform.

As the UK battles climate change impacts such as flooding, overheating, and more frequent storms that can derail vital infrastructure, the country can learn from other nations like Japan and Australia on developing effective emergency response strategies and disaster resilience.

Allegations of fraud against one of the heavyweights in the voluntary carbon market shattered a quiet week, with activity already suffering due to the start of the summer holiday season.

Multinational technology company Amazon, in collaboration with Verra, has finalised work on a new voluntary carbon market quality standard focused on ARR forestry offsets, according to Reuters, that may provide an alternative to the work being done by the Integrity Council for the Voluntary Carbon Market (ICVCM).

The cost of switching to renewable energy remains a significant barrier for suppliers who are under growing pressure from their big brand-name customers to cut emissions and help to decarbonise wider supply chains, according to a consultancy that is looking to help companies make that change. 

An outlook on Australia’s carbon market has forecast credit prices to rise above A$40 ($26.71) by the time the first surrender period under the reformed Safeguard Mechanism rolls around next year and that the scheme means demand will structurally increase as time goes on.