Carbon Pulse

Some 35 investors representing $6.5 trillion in combined assets have engaged with varied results over a year-long outreach with seven seafood companies on sustainability issues such as supply-chain traceability to curb habitat destruction and overfishing.

The final New Zealand ETS auction for 2024 has partially cleared, with 4 million NZUs selling at NZ$64 ($37.63), in line with market expectations.

A large-scale carbon capture and storage (CCS) project at a North Dakota coal plant is in limbo as a co-developer withdrew from the project months after receiving federal support from the US Department of Energy (DOE).

California electricity sector emissions fell year-on-year (YoY) in October even as the share of renewable energy declined and natural gas rose, according to data published Monday by the state's grid operator.

Companies will have one more year to comply with the EU's incoming deforestation law, under an agreement struck on Tuesday evening between the European Parliament and Council of member states.

Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.

A midwestern carbon pipeline company has withdrawn its permit application to build a CO2 pipeline in Iowa after delays created uncertainty around the project’s timeline, the company said in state filings.

The European Commission has earmarked €4.6 billion from revenues generated by the EU's Emissions Trading Scheme (EU ETS) to boost net-zero technologies like electric vehicles, paving the way for its upcoming 'Clean Industrial Deal' and related efforts to green the automotive industry.

Swedish utility Vattenfall has paused plans for carbon, capture, and storage (CCS) plants in Sweden, citing the market as too “immature”, according to media reports.

There is currently too great a focus on the integrity risks associated with host countries, and not enough on those associated with slow-moving policy on the development of global carbon markets, an executive from a project developer said on Tuesday.

A mere 12% of airlines around the world are making "noteworthy efforts" to switch from kerosene to truly sustainable aviation fuels (SAFs), while the others are either buying too little or the wrong kind of alternative, according to an NGO ranking published on Tuesday.

A German building company is on track to complete the first industrial-scale carbon capture and storage (CCS) plant for the cement industry, with the system now ready for testing.

The European Union could make adjustments to, or delay the implementation of, its ETS2 mechanism amid a shift in priorities at the heart of the EU, an analyst said on Tuesday.

The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.

The European Commission will cap the number of carbon permits in the incoming trading scheme for transport and buildings at just over 1 billion in 2027, in line with a gradual reduction of emissions under existing measures.

The EU and UK should explore linking their emissions trading systems and cooperate on cross-border carbon capture and storage (CCS) under efforts to form a resilient clean tech hub on the global stage, an industry body said on Tuesday.

A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.

European carbon prices eased on Tuesday, despite colder weather forecasts, as they continued to track TTF natural gas, which slipped marginally lower following two bullish sessions amid expected comfortable supply fundamentals for winter.

China has seen the registration of a first voluntary project under its national offset scheme since the market relaunched earlier this year, moving one step closer to the issuance of new credits.

Fragmentation in international carbon markets is now a “reality”, and it is unlikely that there will be a single global standard for credits as countries continue to take different approaches in terms of project development, according to panelists speaking at a conference on Tuesday.