Carbon Pulse

Plastic credits can support the implementation of extended producer responsibility (EPR) schemes in emerging markets and developing economies (EMDEs), according to a new report by carbon standard Verra.

The Democratic Republic of Congo (DRC) has stepped back from plans to auction oil concessions on protected areas in the Congo Basin with carbon project potential, according to a press release.

China has begun accepting applications for carbon projects under the national offset programme, with participants expecting new credits to be issued by the end of the year.

European carbon allowance prices headed for their fourth decline in a row on Friday morning as selling interest continued to out-muscle buyers with the market continuing to shadow movements in natural gas.

Sweden has launched its bioenergy with carbon capture and storage (BECCS) auction, allocating 36 billion SEK ($3.4 bln) in grants over 15 years of storage.

A Mexican non-profit has partnered with a France-based environmental company to launch a biodiversity and carbon credit project aimed at reintroducing spider monkeys on a 600-hectare area in Mexico, Carbon Pulse has learned.

Permits in China’s national emissions trading scheme (ETS) fell below the 90 yuan ($12.61) mark over the past week, hitting their lowest level in a month, though trading activity picked up significantly to end the week with more than 2 million units changing hands.

The Australian government will spend an additional A$192 million ($129 mln) to improve and protect the Great Barrier Reef’s water quality in order to prevent bleaching events and aid recovery when they do occur.

The rules for buying offsite units to comply with England’s Biodiversity Net Gain (BNG) requirements aren’t clear enough for developers currently, with some local authorities better equipped to advise on the market than others, according to a sustainability consultancy working with large building clients.

Carbon pricing is a key policy tool to ensure climate success, especially when combined with subsidies for clean energy and effective regulation such as state-induced coal phaseout, according to an international report published this week.

China's industry ministry has instructed all regions to cease issuing new steel capacity replacement plans, a move that could change the dynamics in the oversupplied and ETS-destined market.

Taiwan should make it mandatory for public funds to consider climate risks in their investment and financing decision-making and include a timeline for their divestment from fossil fuels, an environmental group has urged. 

The New Zealand carbon market finished the week trading at a five-month high on the back of the government’s decision to drastically cut the number auction volumes next year, with over 1.7 mln units traded on the spot market this week.

The Australian federal government on Thursday passed legislation on mandatory climate reporting, which it said would provide greater clarity to investors and boost investment in the net zero transformation.

India has left coal-fired power generation out of its compliance carbon market from the outset, but might add the big-emitting sector to the scheme later, a government official said Thursday.

California diesel and gasoline consumption in May increased month-on-month as retail prices receded from year-to-date highs in April, state data published this week showed.

California Carbon Allowance (CCA) prices fell to new year-to-date lows following the release of Q3 auction results on Wednesday, recovering through Thursday amidst significant turnover in the secondary market.

A group of attorneys general (AGs) from Democrat-led states filed a brief Wednesday in the US Supreme Court (SCOTUS) defending their lawsuits to hold fossil fuel producers responsible for the effects of climate change.

Colorado this month adopted a new set of regulations to facilitate geothermal energy development as part of the state’s ongoing effort to reduce its reliance on oil and gas energy sources.

The Environmental Protection Agency (EPA) defended its power plant rules against an emergency appeal to the US Supreme Court (SCOTUS) that is requesting a stay of the regulation.