Carbon Pulse

The author of a California Senate bill intended to provide greater oversight on claims made from the sale of carbon credits has asked an Assembly committee to remove the bill from its agenda, and the proposal will not advance for the remainder of the legislative year, her office told Carbon Pulse on Monday.

RGGI Allowance (RGA) settlement prices hit all-time highs yet again last week amid a persistent bullish outlook for the Third Program Review, despite the ongoing silence from the programme administrator regarding updates to the scheme, before retreating late in the week.

Carbon Pulse rounds up June’s developments in Latin American and Caribbean (LAC) carbon markets, seeing two countries score high-priced Article 6 deals with a Swiss agency and several others make minor ETS announcements, though direct taxes continue as the region’s carbon pricing mainstay.

The Alaska Department of Natural Resources (DNR) has published final regulations set to take effect in July for the state's forthcoming voluntary offsets programme.

Carbon credit retirements towards Colombia's national CO2 tax remained weak in Q1, per figures presented at a climate summit in Cartagena last week, as domestic supply and demand struggled after media scandals and a volume cap was introduced in late 2022.

A New York-based fintech startup has launched a blockchain-based carbon trading instrument for voluntary REDD+ credits, with all projects assessed by a ratings agency and prices published on its exchange platform.

As the UK battles climate change impacts such as flooding, overheating, and more frequent storms that can derail vital infrastructure, the country can learn from other nations like Japan and Australia on developing effective emergency response strategies and disaster resilience.

Allegations of fraud against one of the heavyweights in the voluntary carbon market shattered a quiet week, with activity already suffering due to the start of the summer holiday season.

Multinational technology company Amazon, in collaboration with Verra, has finalised work on a new voluntary carbon market quality standard focused on ARR forestry offsets, according to Reuters, that may provide an alternative to the work being done by the Integrity Council for the Voluntary Carbon Market (ICVCM).

The cost of switching to renewable energy remains a significant barrier for suppliers who are under growing pressure from their big brand-name customers to cut emissions and help to decarbonise wider supply chains, according to a consultancy that is looking to help companies make that change. 

An outlook on Australia’s carbon market has forecast credit prices to rise above A$40 ($26.71) by the time the first surrender period under the reformed Safeguard Mechanism rolls around next year and that the scheme means demand will structurally increase as time goes on.

Britain's electricity flows may be the most impacted by the EU's Carbon Border Adjustment Mechanism (CBAM) as imports sent to the EU are set to become more expensive, with the Western Balkans also poised to be hit hard.

The European Union could end up being “paralysed” if the far-right Rassemblement National party is able to form a government in France, with potentially significant consequences also for energy and climate policy across the region, according to policymakers and analysts.

Companies with validated science-based targets increased by 102% during 2023 alone compared to all previous years, with Asia leading as the region with the highest number of such companies, a report released Monday has found.

A recently developed metric for tradable biodiversity credits has the potential to optimise resource allocation to species conservation efforts, a paper has said.

The EU and UK must rejoin their carbon markets in order to scale cross-border CO2 transport and storage projects, according to researchers from the University of Oxford, who also underlined the political challenges of relinking the two systems.

EU carbon allowances started the week brightly as Europe's energy and equity markets rallied in relief at the outcome of the first round of France's parliamentary elections, before tailing off slightly later in the morning as the recent daily pattern appeared to be repeating.

Scientists from a UK research centre have verified the feasibility and potential scalability of a new ocean carbon removal technique, they said Monday.

The UN drafted on Monday a proposal to establish a global fund for sharing some of the multi-trillion dollar revenues derived from products that leverage the use of the DNA sequences of plants, animals, and microbes, known as digital sequence information on genetic resources (DSI).

A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.