Carbon Pulse

The UK government is leading a public-private initiative to launch a carbon market in Azerbaijan, where this year’s annual UN climate summit will be held.

A Canadian non-partisan think tank on Tuesday identified trade-offs and policy options for lawmakers in their quest to decarbonise low-emission energy technology supply chains, while supporting national security and compliance with global trade rules.

Investor-owned utility PacifiCorp lost its lawsuit against the Washington Department of Ecology (ECY) after a US federal district judge dismissed the gas-fired power producer’s claims of discrimination under the state’s cap-and-trade programme, according to court documents filed Monday.

The US Environmental Protection Agency (EPA) on Tuesday announced nearly $160 million in grants for 38 projects that support efforts to report and reduce climate pollution resulting from the production of construction materials.

The European Union is unlikely to meet its 2030 goal for domestic production and import of renewable hydrogen, according to the European Court of Auditors (ECA), who are calling for “a reality check” on targets they describe as “overly ambitious”.

Puerto Rico filed a lawsuit Monday against multiple international oil majors seeking $1 billion in damages for the effects of greenhouse gas emissions from their products, joining a litany of similar lawsuits seeking to hold fossil fuel firms financially accountable for the impacts of climate change.

This year has seen interest in durable carbon removal (CDR) credits soar, with more private sales recorded between January and June than there were across the entirety of 2023, according to a new report.

Voluntary carbon project developers Wildlife Works and their brokerage arm Everland have presented a risk-based approach to setting deforestation baselines for ‘nested’ REDD schemes, which they say gives governments the option to allocate areas under higher risk of deforestation to meet jurisdictional climate goals.

The amended Climate Protection Act that was signed into law in Germany on Monday puts pressure on the government to define guidelines for the introduction of the EU's Emissions Trading Scheme for road transport and heating fuels (ETS2), according to the country's gas industry association.

EU ETS-covered emissions in Germany fell around 18% in 2023 compared to the previous year, the largest decline ever since the EU ETS was established in 2005, according to data published by the German Emissions Trading Authority (DEHSt) on Tuesday.

Donald Trump on Monday announced Ohio Senior JD Vance (R) as his vice-presidential candidate, cementing the former president's image as the preferred candidate for the pro-fossil fuels, anti-renewable energy, and climate science-denying US voter base. Here’s a summary of Vance’s record on climate and energy matters.

Some 307 out of 327 local planning authorities are processing applications from developers linked to England’s biodiversity net gain (BNG) scheme, in a sign the market is beginning to function, a lawyer has said.

A Kenyan-based biochar developer has raised $1.3 million to scale operations as it eyes its goal of increasing CO2 removal capacity to 100,000 tonnes a year over the next 18 months.

The Caribbean nation, one of Latin America’s more engaged nations on Paris carbon markets, submitted its Article 6.4 ‘host country participation requirements’ document to the UN on Sunday, having already signed early-stage bilateral carbon trading agreements with Singapore in 2023 and Sweden in 2022.

Deforestation rates on Indigenous-managed lands in Brazil's Amazon region are up to 83% lower compared to unprotected areas, a paper has found.

Forest succession plays a crucial role in carbon sequestration and biodiversity, a new study has found, emphasising the particular importance of mixed tree species in these processes.

The developer of the world’s largest Direct Air Capture (DAC) plant to date has signed a multi-year contract to remove CO2 from the atmosphere for one of its investors, it announced Tuesday.

A group of experts has banded together to develop a framework for defining "nature positive" in the built environment industry, aiming to avoid risks of unintentional greenwashing.

A UK trading house has officially announced its presence in New Zealand, with plans to launch carbon trading platform in the country.

Brazil must synergise its forthcoming ETS with the preceding RenovaBio carbon pricing scheme linked to biofuels production, according to a Brazilian economist, as regulatory uncertainty, financial speculation, and the unknown socioeconomic consequences of applying the schemes simultaneously provide shaky ground for successful implementation.