Carbon Pulse

California Carbon Allowance (CCA) prices dipped slightly as volumes almost halved over the past week, while Washington Carbon Allowance (WCA) prices also took a dive following the release of the draft cap-and-trade linkage bill, with volumes remaining low throughout.

Some petrostates could lose more than half their expected income from fossil fuels as the energy transition accelerates, technologies advance, and climate policy tightens, according to a report published on Thursday.

EU member states’ latest targets would put them on track to reach 66% renewable power in 2030, slightly short of their 69% goal under the bloc's REPowerEU energy security plan, according to a report published in Brussels on Friday.

Oman updated its NDC for the second time on Thursday, substantially raising its business as usual (BAU)-based goal and signalling a willingness to develop emissions trading approaches under Article 6 of the Paris Agreement.

Air Canada on Thursday firmed up plans to purchase durable carbon removal credits, while Germany's national carrier announced a scaling up of its voluntary climate offering for passengers.

Corporate climate goal assessor SBTi is resuming its plans for a climate goal template for oil and gas companies, more than 18 months after barring the big emitting firms from making submissions.

A new process of making sustainable aviation fuel (SAF) from sewage could be an important feedstock for the growing market for green aviation fuel, particularly in population-dense areas, with potential to also produce biochar that can generate carbon credits.

A methodology for protecting US forests at risk from other land uses like real estate, mining, and agriculture has been announced by carbon credit registry in collaboration with a forest carbon firm.

Plans are underway to create a series of linked REDD projects that will cover 1.8 million hectares of designated national parks in Tanzania, and generate correspondingly-adjusted carbon credits under Article 6 of the Paris Agreement.

A Denver-headquartered carbon credit exchange company will close due to a failure to secure funding, its CEO announced in a LinkedIn post this week.

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A voluntary nature credit development framework led by Indigenous Peoples and local communities (IPLCs) has been launched by Pollination Foundation.

Delegates adopted a new climate loss and damage fund at the first day of the two-week COP28 UN climate negotiations on Monday, a move that immediately led several governments to announce contributions.

Canadian environmental non-profits advocated for fossil fuel phase-out language in a panel Thursday at COP28 in Dubai as the federal environment ministry is soon expected to announce a cap on emissions from oil and gas.

A court has ordered the German government to set up a climate action plan to adequately tackle emissions in the traffic and construction sectors, adding to Berlin's recent climate policy woes.

The publishing of draft legislation on the UK’s biodiversity net gain (BNG) framework has been broadly welcomed, but its planning permission proposals have triggered concerns about "serious risks" among ecologists.

Independent carbon credit certification bodies and the EU’s own carbon removal certification efforts are likely to coexist in the removals market once the EU methodologies are issued, experts said during a webinar on Thursday, though this is not likely to occur before 2026.

An open letter signed by multiple environmental groups has urged signatories to the UN Paris Agreement to protect countries against what they describe as "landgrabs" from carbon project developers.

European carbon prices were firmer in Thursday morning trade despite an early effort to test the recent low, as traders appeared to be switching focus to the options market with the December contract having just two weeks left till expiry, while energy markets rose for the first time in five days.

A consortium of groups and organisations in Scotland on Thursday announced an investment plan for a new restoration project that in part will rely on a partnership with a nature fintech platform that recently won a contract with the government to develop a biodiversity credit system.