Carbon Pulse

Companies in the European Union will be banned from misleadingly marketing their goods as "carbon neutral", under a law endorsed by EU parliamentarians on Wednesday. 

EU carbon steadied at slightly lower levels on Wednesday morning as traders absorbed the weekly Commitment of Traders report and sought directional signals from a market that appears to have found a temporary floor, while energy prices continued to decline despite more reports of vessels being diverted away from the quickest route to Europe.

Growth in China’s thermal power generation in 2023 outpaced the growth of total power output amid continued coal expansion and a shaky economic recovery in the world's biggest emitting nation, government data showed Wednesday.

A UK-based voluntary carbon credit marketplace announced another partnership with a ratings agency on Wednesday.

A Malaysia-based carbon offset developer has launched an avoided deforestation methodology for project developers to create high-quality carbon credits through the protection of forests.

A large voluntary carbon market project developer and advisory firm has found that the vast majority of surveyed companies still do not have a net zero emissions target in place, with 'greenhushing' seen as an increasing trend, in a report published this week.

A Dutch carbon project developer has updated its credit pipeline outlook, marking a 58% year-on-year rise with delivery volume reaching 1.8 million tonnes in 2030, it said in an update.

A state-owned water supplier in South Korea has teamed up with a California-based company for a pilot project developing direct air capture (DAC) installations, which the companies claimed to be the world’s first-of-its-kind facility for water recovery and carbon removal using a seawater desalination plant.

Global food and drink conglomerate Nestle has planted 350,000 trees at an estate in southeastern Victoria that will earn Australian Carbon Credit Units (ACCUs), as part of a broader worldwide reforestation effort.

The Philippines has concluded a technical working group with the World Bank in preparations for the introduction of carbon pricing instruments, though the timeline for policy progress still remains unclear.

Amsterdam-headquartered STX is expanding its presence in the Asia Pacific from the Singapore headquarters it established in 2021, seeing a strong pipeline of growth with a focus on renewable energy.

The head of New Zealand's Jarden Commodities has left the company and is currently on “gardening leave”, as parts of the wider company is set to merge with several financial entities.

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A nature-based annual award worth CHF 100,000 ($116,100) will aim to scale a minimum of 100 nature-positive startups by 2030, World Economic Forum attendees heard Tuesday.

A new study has found that off-grid direct air capture and storage (DACS) systems can significantly reduce carbon emissions when powered by renewable energy sources like solar and integrated with heat pumps and battery storage.

New Mexico state representatives this month introduced legislation for a clean fuel standard that aims to mandate a reduction in transportation fuel carbon intensity (CI) beginning July 2026, following previous similar but unsuccessful attempts.

Verra provided early-stage details and a preliminary outline of a new Verified Carbon Standard (VCS) methodology for reducing emissions from the cultivation of rice in a webinar Tuesday, as the international standard seeks to replace a formerly popular but now discredited Clean Development Mechanism (CDM) methodology that prompted integrity concerns last year.

Legal experts discussed the potential that enforcement action by the US Commodities Futures Trading Commission (CFTC) against carbon trading misconduct could place a damper on the voluntary carbon market (VCM), while the rollout of California’s climate disclosure bill is mired in ambiguity.

American Carbon Registry (ACR) issued the first credits from its new protocol aimed at plugging abandoned oil and gas wells to an Oklahoma-based project developer.

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