Carbon Pulse

Asian equivalents to the EU's Carbon Border Adjustment Mechanism (CBAM) will inevitably emerge as a way to ensure cash stays in their respective countries that would otherwise go to Europe, experts told a conference Thursday.

Oregon’s Clean Fuels Program (OCFP) revisions will include an insurance mechanism for carbon capture and sequestration (CCS) projects, validation mandates, and changes to third party verification provisions, in addition to carbon intensity (CI) model updates, the regulator confirmed Wednesday.

The Mexican state of Queretaro and a Mexico City-based environmental markets platform launched Wednesday a national carbon credit registry tailored to local conditions, seeking to help facilitate the development of the nation's carbon market.

California regulator ARB has doubled offset issuance over the latest three-week period compared to its prior biweekly distribution, yet is 30% behind year-to-date (YtD) levels at the same time in 2023.

In regulating sulphur emissions from ships, the International Maritime Organization's (IMO) 2020 regulations may have inadvertently contributed to global warming, according to research released this week.

Big business in the UK plans to buy much higher volumes of carbon credits than current levels to meet sustainability targets, finds a new survey.

Current climate standards don't go far enough to incentivise the innovations needed to deliver on net zero, and should be expanded to include a company's broader influence on the planet, according to a new paper.

Several NGOs are plotting legal action against a new drilling permit for gas extraction off the coast of Germany, they announced Wednesday.

A voluntary carbon standard focused on durable carbon removals is consulting on two new modules concerning CO2 storage via mineralisation.

Ukraine will need an estimated $20 billion of investments to advance its renewable energy sector under a plan to increase its share in the country's energy mix to 27% by 2030, according to a government announcement this week.

Voluntary carbon standard Verra will implement a new fee for projects under its consolidated VM0048 REDD methodology, it announced Wednesday.

Poland is starting a nearly €5 billion program funded by the European Union's recovery funds, to offer loans to developers of offshore wind farms in the Baltic Sea, the state assets ministry and national development bank BGK announced on Tuesday. 

Major banks are far off track in meeting their climate targets and pledges are often less ambitious than they seem at face value, according to analysis published Wednesday.

A government report, obtained by a reporter from Australia's national broadcaster, found the Northern Territory government believes the gas industry will drive up its emissions by 100% even under a conservative scenario.

The European Commission has approved a Dutch plan to provide €700 million of state aid to compensate farmers for voluntarily closing their livestock farming sites to help cut nitrogen emissions, it announced on Wednesday.

Cambridge researchers are leveraging the capabilities of drones, lasers, and AI to try to transform the speed and accuracy of assessing biodiversity and carbon in forests.

Carbon ratings agency BeZero Carbon has this Tuesday issued its highest-ever rating for the first publicly evaluated direct air capture with carbon storage (DACCS) project. 

India should include the power sector in its planned emissions trading scheme to make it more effective, as exempting it would leave 40% of national greenhouse gas emissions unregulated, according to a report released this week.

The Japanese government is considering establishing a biodiversity offsetting scheme similar to the biodiversity net gain (BNG) law in England to compensate for habitat degradation driven by flood control, chief researchers at the infrastructure ministry have told Carbon Pulse.

European carbon prices were moderately firmer on Wednesday morning after a re-emergence in buying interest after Tuesday's decline, shrugging off a weaker natural gas market as weekly position data showed investment funds had cut their bearish bets to the lowest in two months.