Carbon Pulse

Biodiversity credits worth over $14 million in total across two projects could be sold within the next three months to multiple-buyer groups, according to the head of credit developer RePlanet.

EUAs were once again little changed at midday, after prices see-sawed in a well-defined range amid periodic attempts to move lower, while energy markets diverged due to differing fundamental influences, and the UKA market took a pause as the country voted in a general election.

The EU will continue to endure markedly higher energy prices than the US and China even in a scenario where it meets its climate goals, due to its continued reliance on imports and growing demand, said the bloc’s business lobby.

A voluntary carbon crediting platform for engineered removals has unveiled plans to update its service fee structure later this year to make market entry more accessible for carbon removal suppliers, it said this week.

Ten individuals are being investigated by the Italian authorities for submitting manipulated CO2 emissions data while administering Italy's largest steel factory, which then affected the facility's EU carbon permit compliance requirements, according to multiple national media sources.

Japan is considering government procurement of direct air capture (DAC) carbon credits in a bid to boost demand, while several relevant methodologies under the domestic offset programme are being developed.

The European Commission will take all the necessary steps to make carbon capture and storage (CCS) technology available to large industrial emitters and remove barriers to its development, a senior EU official said on Wednesday.

Australia has announced updates to national greenhouse gas reporting rules that a climate think tank warns will let coal companies dramatically under-report their emissions and undeservedly be issued Safeguard Mechanism Credits (SMCs).

The European Commission wants to speed up approval of emerging green and low-carbon technologies, saying it will promote faster permitting for those identified as the most promising by its new Innovation Centre for Industrial Transformation (INCITE) in Seville.

Many companies believe mandatory offsetting requirements would be critical for the biodiversity market to scale, according to submissions to the International Advisory Panel on Biodiversity Credits’ (IAPB) second round of consultation with market participants.

Speculation and land banking by the palm oil industry is a major contributor to Indonesia’s massive historical deforestation rates, according to a study published this week.

The government of Gambia has introduced a draft carbon trading bill in an effort to regulate project activity and credit transactions in the emerging market.

A government-backed carbon exchange in Taiwan is likely to see the first transaction of domestically issued emissions reductions by late September or early October, according to local media reports.

The Shanghai government will auction off 1 million carbon allowances under its emissions trading scheme at the end of this month to ensure regulated emitters can acquire enough permits for compliance purposes.

Forest carbon projects are becoming increasingly vulnerable to climate-related disasters including large-scale fires, according to a new analysis from an offset ratings agency.

An Oregon-based investor and his associated firms have been ordered by a US judge to pay over $120 million in restitution and disgorgement for operating a Ponzi scheme and committing fraud related to digital asset investments and a carbon offset programme, a federal court ruled on Wednesday.

Maine-headquartered Running Tide, the now-shuttered ocean carbon removal project developer, saw only a handful of early buyers and investors patient enough to see through the company’s delivery of voluntary carbon credits, as critics slate and executives defend its efforts to scale up.

Oregon's Department of Environmental Quality (DEQ) released Wednesday a series of draft updates to the state's Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies (OR-GREET) model used to assess carbon intensity (CI) for the Oregon Clean Fuels Program (OCFP), ahead of a workshop next week to discuss proposed programme changes.

US auto manufacturer General Motors (GM) will retire approximately 50 million credits under the Environmental Protection Agency's (EPA) greenhouse gas (GHG) programme, after the agency identified excess CO2 emissions from approximately 5.9 million GM vehicles.

Washington’s third quarterly carbon allowance auction in September will feature the highest number of current vintage permits offered so far this year, according to a notice published by the state's Department of Ecology (ECY) Wednesday.