Carbon Pulse

Although buyer expectations surrounding higher quality carbon removal (CDR) credits have picked up in recent months, the lack of clarity on standards continues to hinder market participation, panellists at a webinar said Monday.

Air New Zealand on Tuesday dropped its 2030 carbon emissions intensity target and announced it is withdrawing from the Science Based Target initiative (SBTi), citing uncertain regulatory support and lack of sustainable aviation fuel (SAF) supply.

The California Senate, led by the Senate president, will pursue programme reauthorisation of the state's cap-and-trade next year, Carbon Pulse has learned.

A research group estimates 13,000 acres (5,300 ha) of a California regulator ARB-approved offset project have burned in Washington state as of Friday, potentially marking the project’s fourth unintentional reversal in its lifetime, as at least four other compliance offset projects burn in California Monday.

RGGI allowances (RGA) skyrocketed to historic highs over the last week, as market participants attributed the rally to ongoing compliance demand and uncertainty around the programme review, noting the market is overvalued, whilst a non-profit suggested earlier and more ambitious budget allowance cuts.

EU fossil power generation fell to an all-time low in the first half of the year as the bloc’s electricity system continues its rapid shift towards renewables, according to new data released on Tuesday.

Egypt’s new voluntary carbon market (VCM) trading platform will likely see its first carbon credit trade occur this week, between an agricultural collective seller and a food processing company buyer, according to local media.

Last week's arrival of standardised contracts based on the Core Carbon Principles (CCPs) high integrity label could spark life into a voluntary carbon market that is generally wallowing in a summer slumber, despite a splurge of activity on the CBL marketplace.

Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.

The European Environment Agency (EEA) has published new data revealing significant discrepancies between real-world CO2 emissions and official test values for cars and vans.

Methane emissions in COP29 host country Azerbaijan have surged in recent years, following a period of no data reported by the country, according to an investigation by the NGO Global Witness published on Monday.

The European Commission has approved two Dutch state aid schemes supporting the production of renewable hydrogen, for more than €1 billion in total, it announced on Monday.

Venezuelan President Nicolas Maduro, who rose to power after Hugo Chavez’s death in 2013, has declared victory in a disputed election where polling had predicted a landslide loss, shuttering the opposition’s plans for green transformation as an engine of economic resilience.

RWE reported a drop of almost one-fifth year-on-year in power generation covered by the EU ETS during the first six months of 2024, according to preliminary results published Monday.

Over 4,600 animal species are threatened by mineral extraction worldwide, with increasing demand for raw materials needed for clean energy technologies among the drivers of biodiversity loss, according to a new scientific paper released on Monday.

There is a disparity in the voluntary carbon market (VCM), with organizations carrying out carbon projects primarily based in the Global North, according to new research. 

Verra has formally launched its voluntary carbon market quality label for forestry projects, it said Monday.

A Perth-headquartered company has partnered with a Traditional Owners group in Western Australia’s Goldfields region for a project over a huge tract of land it says will generate premium-priced carbon credits with major biodiversity benefits.

South Korea has launched the first greenhouse gas reduction project through e-mobility in Cambodia, which will create internationally transferred mitigation outcomes (ITMOs) under Article 6 of the Paris Agreement.

A British airline will soon charge passengers a fee to help cover sustainable aviation fuel (SAF) expenses.