Carbon Pulse

European shipping emissions dropped sharply by 15% in 2023 compared to the previous year, in large part due to a reduced demand for energy and general goods from the EU, according to preliminary emissions data published this week. 

A carryover mechanism introduced in China's draft permit allocation plan may help boost liquidity and reduce oversupply in the national carbon market, though the arrangement could result in great selling pressure among Chinese emitters. 

The federal government introduced its Future Made in Australia legislation to parliament Wednesday, designed in part to unlock some A$22.7 billion ($15.1 bln) in public funding over the next decade to drive investment into industries that will transition the country to net zero emissions and, the government hopes, turn it into a renewable energy superpower.

A group of Japanese companies will pilot a technology that captures CO2 in urban spaces and uses it to grow vegetables and other plants that can be sold on the spot at places like railway stations in one of the country’s biggest cities.

A study commissioned by the Australian government on its biodiversity offset sites has found that 30% of the areas surveyed were in worse condition than before the projects started, and found missing, incomplete, and incorrect information in many of the projects' documentation.

A South Korean power company has secured a government-backed international carbon project in Uzbekistan, as part of Seoul's efforts to obtain Paris-aligned carbon credits through expanding partnerships in Central Asia.

Rising temperatures and a higher rate of wildfires are among the litany of symptoms of evolving climate patterns in the US, according to the fifth edition of a report published by the Environmental Protection Agency (EPA) on climate change indicators.

A group of UK local government pension funds has appointed two asset managers to allocate hundreds of millions of pounds in investments in timberland projects, some of which are expected to generate “high-quality” carbon offsets.

The Panamanian environment ministry debuted a new voluntary carbon footprinting portal for the public and private sector on Friday, laying the groundwork for in-country emissions reporting, which forms the first half of plans for a national carbon market.

The US International Development Finance Corporation (DFC) has pledged $50 million to catalyse a $1 billion reforestation initiative led by BTG Pactual Timberland Investment Group (TIG) in Latin America.

The Government of Canada released proposed regulations to reduce methane from municipal and privately-held landfills, estimating a benefit of slashing 107 million tonnes of CO2 equivalent to the end of the next decade, which would reduce eligibility of projects to generate offsets.

Google’s carbon emissions have shot up 48% over the past five years, driven largely by data centre energy consumption, according to the company’s 2024 Environmental Report published this week.

Verra’s new consolidated methodology for avoided deforestation could lead to many REDD carbon projects being cancelled because they face the risk of being unable to issue voluntary credits, finds an assessment body.

International registry ACR unveiled Tuesday a series of updates in Version 2.1 of its Improved Forest Management (IFM) on Non-Federal US Forestlands methodology that it said increased the precision of its requirements for developing and evaluating conservative baseline scenarios.

A Labour win in Thursday's general election is likely to be good news for the UK's chances of meeting its legally-binding target of net zero emissions by 2050, with the governing Conservative Party pledging a range of policies that risk being regressive for the climate.

The EU is more on track to reach its climate neutrality goal than it was a year ago, but the pace of progress needs to accelerate to put the target within reach, according to an assessment of 124 net zero indicators unveiled by a consortium of researchers in Brussels on Tuesday.

The CEO of the Science Based Targets initiative (SBTi), Luiz Amaral, has decided to step down from his role for personal reasons, with the decision to take effect at the end of June and the process to replace him already underway.

The results of the world's first coal phaseout auction, carried out in Germany, suggest that it is a transparent and potentially cost-effective way to push fossil power plants into early retirement, according to research published on Tuesday.

A Swedish project for biogenic carbon capture and storage is about to kick start with the first auction to open this year after the European Commission gave its blessing today to a €3 billion (SEK 36 bln) state aid scheme.

Energy-intensive companies facing indirect emission costs in Germany will benefit from billions worth of state aid compensation, as the European Commission approved on Tuesday some amendments proposed to an existing national scheme.