Carbon Pulse

A briefing released today by the Corporate Leaders Group (CLG) Europe following EU elections earlier this month, makes the case for a "social deal" and an "industrial deal" alongside the Green Deal, to manage the transition to a net-zero economy. 

The EU and China agreed on Wednesday to cooperate in promoting emissions trading as an effective tool for reaching net zero emissions, as part of a wider pact to work together during a high-level environment and climate dialogue in Brussels.

A report has warned against the Australian government moving to allow all coal companies to self-report their emissions, saying it could obscure millions of tonnes of methane pollution.

Certain European countries blessed with geographical advantages can expect to reap significant rewards as demand for carbon storage heats up this decade.

Spain, backed by a number of EU countries, has proposed tweaking how the ETS is applied to the maritime sector to avoid carbon leakage, and urged the UN shipping body to adopt greenhouse gas emissions measures to avoid regulatory fragmentation.

A large REDD voluntary carbon project that will span 4 million hectares has been given the go-head by the government of Mozambique.

An Indigenous-led organisation has released guidelines to mobilise funding for First Nations’ nature conservation efforts in Canada, with biodiversity credits among the financing mechanisms that should be explored.

A recently-launched coalition has partnered up with a digital monitoring, reporting, and verification (dMRV) provider as it looks to develop its new forest carbon standard.

South Korea plans to roll out carbon capture and utilisation (CCU) technology across industrial facilities in what the government has dubbed a “mega project”, designed to help decarbonise country’s biggest-emitting industries and reach its greenhouse gas emissions reduction goals.

European carbon prices continued to move in their recent narrow range as trading in the June options contracts entered its final hours on Wednesday morning, with the sideways price action shrugging off a third consecutive increase in investment funds' net short positions, while UKAs rose to their highest level in eight months as speculation over the next government's ETS strategy continued to mount.

The Australian government on Wednesday published a Sustainable Finance Roadmap that lays out the next steps of its reforms on climate reporting and a green finance taxonomy.

Industry promotion of recycling through instruments like plastic credits distracts from the urgent need to reduce overall production, with less than 10% of plastic recycled globally, according to a sustainable finance think-tank.

A carbon removals registry has teamed up with over 10 platforms to expand the reach of its credits in a bid to drive sales to new buyers, it announced Wednesday.

Japanese carbon project developer has signed a Memorandum of Understanding (MoU) with a second provincial government in Vietnam to reduce methane emissions resulting from rice cultivation in the Southeast Asian nation. 

The government of a Chinese province has launched a carbon crediting programme for forestry-related projects, urging local emitters to use it to meet their voluntary emissions targets and as part of the province’s contributions towards realising the country’s overall climate ambitions.

The Australian opposition Coalition is proposing to have two nuclear power stations up and running in the country by 2035 and 2037, and seven in operation "before 2050" as part of its climate and energy policy that it will take to the next election.

The second New Zealand ETS auction for 2024 has declined, due to lack of demand and allowances in the secondary market trading below the auction floor.

Under a Canadian emissions cap, oil and gas producers would reduce output rather than invest in carbon capture and sequestration (CCS), resulting in a C$282 billion ($205 billion) decline in GDP over the next 10 years, according to a report commissioned by the province of Alberta.

An agreement signed between a northwestern British Columbia First Nation and a Vancouver-based project developer will see the generation of voluntary carbon offsets via improvement of 1.1 million hectares (2.7 million acres) of forest, the duo announced Tuesday.

California’s Low Carbon Fuel Standard (LCFS), followed by federal incentives for biomass-based fuels production, has spurred renewable diesel (RD) production in the US and consequently transformed the global feedstock trade landscape, according to the country’s Department of Agriculture (USDA).