Carbon Pulse

Australian miner Rio Tinto has urged the federal government to allow farming projects that grow feedstock for biofuels and renewable diesel to be able to earn Australian Carbon Credit Units (ACCUs).

The Government of Canada released guidance to implement a batch of clean economy tax credits, including a carbon capture, utilisation, and storage investment tax credit (CCUS ITC), as part of its fall economic statement provisions.

A $100 billion global voluntary carbon market would support sustainable development, reduce carbon, restore land equivalent to the size of Peru, and create millions of jobs - but work is needed to improve the market's integrity and transparency, according to a study released on Tuesday.

Covered entities widened RGGI allowance (RGA) net length while traders mainly reduced holdings across California Carbon Allowances (CCAs), with muted activity in Washington Carbon Allowances (WCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).

RGGI Allowance (RGA) values edged up even as market activity tapered off, partly driven by higher temperature forecasts across the Northeast, amid ongoing silence from the scheme's administrator regarding updates to the Third Program Review.

A California-based direct air capture (DAC) company announced Monday a $475 million investment towards two DAC facilities in northwestern Louisiana with a combined expected annual capacity of nearly 320,000 tonnes of CO2.

Carbon credits to compensate for loss of revenue in the early closure of coal plants will be an integral part of achieving coal phaseouts in developing countries, said stakeholders during a high-level dialogue on phasing out coal hosted in London.

EU plans to boost semiconductor manufacturing could see the sector rival those of chemicals and steel as a source of emissions, according to a study published on Monday.

The summer drought extended for another week in the voluntary carbon market, leaving one major exchange and several participants describing activity levels as torporific, although there was a bounce in Phase 1 CORSIA price assessments and continued interest in the carbon removals (CDR) sector.

Gas grids in Europe should be progressively shut down to avoid costs for consumers spiralling out of control, according to a study published on Monday.

New policy drivers are needed if the world is to develop the required carbon removal (CDR) capacity to abate residual emissions by mid-century, especially the integration of credits within compliance carbon markets and leakage mechanisms, according to a new report.

The European Commission has disbursed €2.967 billion from emissions trading revenues to support 39 clean energy projects in less-developed EU member states, in what is the largest disbursement of this kind to date, the EU executive announced on Monday.

An international sustainability standard-setter has unveiled a new two-year plan to help bring together the various corporate climate disclosure requirements, also formalising several partnerships with other organisations in the field.

The World Bank and the International Monetary Fund (IMF) have launched the 'Enhanced Cooperation Framework for Climate Action' with Madagascar as the first beneficiary.

The EU should press ahead with plans to extend its ETS to the incineration of municipal waste, while ensuring that rubbish isn't diverted to landfills to avoid the carbon price, an NGO recommended on Monday based on new analysis.

The next UK government could protect thousands of jobs at the Port Talbot steelworks and expand British steelmaking by investing in low-carbon technology over the next five years, according to a climate think-tank.

The EU’s anti-deforestation regulation is a “bureaucratic monster” that must be revised, alongside the 2035 ban on new petrol and diesel cars, says Peter Liese, a German lawmaker who is environment spokesperson for the centre-right European People’s Party (EPP) that won the EU elections this month.

European carbon prices fell to their lowest in more than seven weeks on Monday morning as natural gas prices declined for a third day and the outlook for demand worsened amid rising temperatures in northern Europe and a persistently negative clean dark spread.

The European Bank for Reconstruction and Development (EBRD) should improve its biodiversity standard, as recent changes to its environmental policy are not sufficient to ensure the bank does not finance nature-damaging projects, a campaign group has said.

A global coalition consisting of some of the world’s biggest corporations, cities, and regions was launched Monday to push governments worldwide align their national climate goals with the Paris Agreement.