Carbon Pulse

The 4,000-strong Asian-flagged shipping fleet that keeps goods flowing from east to west will need to surrender around 20 million EU Allowances (EUAs) a year to cover its emissions once the maritime sector is fully included in the trading bloc’s Emission Trading System (ETS), research finds.

The committee overseeing Japan’s J-Credit programme is considering expanding the scope of the domestic voluntary scheme to encourage the development of carbon capture and storage (CCS) and carbon removal projects.

The UN Federal Credit Union (UNFCU) has joined the Partnership for Carbon Accounting Financials (PCAF), the global initiative aimed at standardising greenhouse gas accounting across the sector.

China is planning to formulate technical standards for the development of carbon capture, utilisation, and storage (CCUS) by 2025 as part of a broader roadmap to peak emissions from domestic industries by the end of this decade.

Carbon emissions in construction and manufacturing can be cut at least 10% through the use of lifecycle assessments (LCA), but a lack of policies, environmental data, and investor awareness are key barriers to wider LCA adoption, according to a survey of industry professionals.

Indonesia’s Ministry of Energy and Mineral resources has revised up its prospects for carbon capture and storage (CCS) by over 25%, it told an audience at an industry event this week.

A group of Japanese energy giants have finalised an agreement with their nation’s international development agency to work on what they call the ‘Master Plan for Energy Transition Management Project’ in Indonesia.

The Australian government’s proposed nature law reforms still include loopholes that would allow mass deforestation and must be closed, a coalition of environmental groups warned Thursday.

A Democratic delegate in Maryland's lower house introduced legislation earlier this month that would establish a cap-and-invest programme in the RGGI-participating state.

A Senate bill that looks to tighten regulations on the issuance and sale of carbon offsets, which was vetoed last year, has resurfaced in the California legislature.

The UK is quitting the Energy Charter Treaty (ECT), following a growing number of EU countries that have left the agreement after years of protracted negotiations failed to reform it to support the transition to net zero emissions, the Department for Energy Security and Net Zero (DESNZ) announced Thursday.

China needs to cut emissions by at least 4% to meet its carbon intensity targets, given an increase in last year's CO2 output due to continued demand for coal-fired power, a report has found.

The NZU price dropped NZ$2.65 on Wednesday, amid mass selling that market participants blamed on an overall weakness in the market.

Forestry asset manager New Forests on Thursday announced it had made its first investment from its Tropical Asia Forest Fund 2 (TAFF2) by establishing a peatland conservation and restoration project in Thailand that could generate around 500,000 carbon credits per year.

Numerous obstacles persist on the way to a green recovery across the EU, according to the European Commission’s mid-term evaluation of the financial tools put in place after the Covid-19 pandemic.

Dozens of green groups, think tanks, and industry associations submitted feedback in response to the US Commodity Futures Trading Commission (CFTC)’s guidelines on voluntary carbon credit trading, of which commentators varied in degrees to which the CFTC can establish standards regarding underlying carbon credits in derivatives contracts.

A US-based startup that decarbonises industrial steam production has raised $21 million in Series A financing.

Denmark has been advised by a government-appointed expert group to impose a carbon tax on farmers as part of its efforts to meet national emissions reductions objectives and comply with EU climate commitments.

Bilateral sovereign carbon credit trade is rolling forward despite the unravelling of Article 6 negotiations at COP28, a webinar heard Wednesday.

An adjustment by the UK government to the biodiversity net gain (BNG) legislation, meaning local authorities need to justify increasing their minimum net biodiversity improvement level, undermines nature restoration efforts, a consultant has said.