Carbon Pulse

A joint hearing on Tuesday regarding California's cap-and-trade scheme heard participants voice support for programme extension beyond 2030, although stakeholders proposed several improvements to better support disadvantaged communities.

Emissions covered by the upcoming EU ETS2 for road transportation and buildings will need to fall over five times faster than historic reduction rates in order to meet the scheme's cap and prevent "very high" allowance prices, according to a new study.

A bill to facilitate linking Washington’s carbon market with the California-Quebec WCI scheme passed the Senate chamber on Monday, bringing the jurisdictions one step closer in process that could take years.

An $80-million climate-smart agriculture programme in the US aiming to test a new model to measure net GHG impacts will soon be open for enrolment in four states.

WCI market participants largely expect the Wednesday Q1 auction to settle in line with front-month California Carbon Allowance (CCA) prices on the secondary market, which would result in a new record-high clearing price at quarterly sales in programme history.

A group of carbon dioxide removal (CDR) firms has joined forces to combine data, an established standard, and a digital MRV system to provide real-time tracking of projects and build trust and transparency in the nascent industry.

The Ontario provincial government of Canada will introduce legislation that would require a referendum be held before the province’s lawmakers can implement new carbon pricing measures.

The rush to implement the EU Green Deal could lead to unintended consequences for industries in the bloc, such as the loss of manufacturing capacities and an increased dependence on imports, a press briefing heard.

Republic of Ireland has launched a new scheme to pay woodland owners in conservation and restoration projects, as part of the country's wider plan to tackle biodiversity loss, under which some owners could receive €6,000 per hectare.

The EU should put a special focus on carbon markets to reach its climate targets, with the European Commission's climate chief suggesting it could help cut emissions by 90% compared to 1990 levels.

Drax Power Limited should be prevented from installing carbon capture technology at a power plant in Selby, the single-biggest carbon emitter in the UK, according to campaigners who have taken the first steps in challenging the plan.

A forest carbon project developer plans to launch its first voluntary biodiversity units by mid-2024 in three African countries spanning a total area of 435,000 hectares, Carbon Pulse has learned.

Executives from across the nature sector have called on the UK government to better resource local authorities to help them implement its biodiversity net gain (BNG) policy, as the requirements become mandatory.

More attention needs to be paid to conflict avoidance when accessing the materials needed for the green transition, say experts working at the intersection of climate and war.

A new report highlights the frequent clash between companies’ environmental objectives and their membership of trade associations misaligned with the Paris Agreement.

EU carbon allowances continued their retreat under the weight of selling pressure on Tuesday morning, reaching yet another 23-month low as traders focused on a key price level last seen during the first days of the conflict in Ukraine, while energy markets rallied with weather models predicting slightly lower temperatures.

The host of last annual UN climate summit, the UAE, has teamed up with Azerbaijan and Brazil where the next two events are due to take place, to form a partnership aimed at raising global climate ambition, they said Tuesday.

The EU needs to focus on developing its own green hydrogen supply before looking to import, as many of the potential supplier countries will struggle to scale up production and develop export infrastructure, according to research released on Tuesday.

A Paris-headquartered carbon removals startup has sold credits worth more than $7 million to its corporate clients from novel technologies in its latest procurement round.

The NITI Aayog, India’s planning commission, has launched an initiative to restore 26 million hectares of the country’s wastelands by 2030 and create an additional carbon sink of 2.5-3 billion tonnes of CO2e.