Carbon Pulse

A German air carrier will make customers pay for rising costs related to environmental regulations through the introduction of an environmental surcharge to apply to departures from January 2025.

European carbon prices broke below Monday's low of €67.01 in morning trade as selling pressure continued to weigh on the market, before rallying slightly as buyers held firm, while natural gas moved in positive territory throughout the session as the TTF continued to edge sideways.

A report published Tuesday found that 85% of corporates have not set a net zero target that takes into account supply chain emissions.

A Singapore-based real estate company has secured a S$400-million ($295 mln) sustainability-linked loan (SSL), which incorporates targets on biodiversity conservation aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations.

South Korea's environment ministry is teaming up with the country's major stock exchange to establish a consignment transaction system for the domestic emissions market. 

Poland’s development funds and regional policy minister, Katarzyna Pelczynska-Nalecz, was the latest to call for reforming the EU’s carbon pricing scheme for transport and heating fuels (ETS2), calling on EU leaders to address the issue when they meet in Brussels later this week. Carbon Pulse brings an overview of key positions in the debate.

Gold Standard, a global certifier and standard-setter for the voluntary carbon market, has launched a new public tracker for carbon market regulations around the world.

A group of 54 international non-governmental organisations (NGOs) have urged Bursa Carbon Exchange (BCX) to drop a controversial project in Malaysia from being listed on the platform amid claims that it has harmed biodiversity and violated Indigenous rights.

A UK-based carbon capture provider has launched a pilot plant at a cement facility in Italy, advancing its offering to help the the industry to decarbonise.

A Switzerland-based carbon removal and storage provider has raised $69 million in a funding round to bolster plans to ramp up capacity and expand in North America and Asia.

An Australian fertiliser company has been fined for greenwashing by the country’s market watchdog over claims it made regarding its aspirations to develop a reforestation carbon project in the Philippines.

The Danish government and leading industry, agriculture, and environmental groups have agreed a major strategy to cut carbon from agriculture and restore nature that includes a tax on livestock emissions, conversion of farmlands to forest, and biochar subsidies.

The tech arm of a South Korean conglomerate has partnered with a Japanese carbon exchange operator to drive expansion of voluntary carbon trading across Asia, they announced Tuesday.

The number of entities registered with active accounts in Washington’s cap-and-trade scheme increased in Q2 despite the looming possibility of a programme repeal.

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.