Carbon Pulse

None of Japan’s ‘big three’ steel makers are close to realising the kinds of steep emissions cuts needed for the energy transition according to their own stated emissions plans, an Asian think tank said Thursday.

Canada’s British Columbia has released a strategy framework on biodiversity and ecosystem health, vowing to take a whole-of-government and whole-of-society approach to govern the protection and restoration of nature.

China is set to announce three supplementary rules to back the operation of its national voluntary scheme, providing more clarity for developers and traders to participate in the long-suspended market, the government said Thursday.

An outlook into Australia’s carbon market expects Australian Carbon Credit Units (ACCUs) sourced from environmental planting (EP) projects will make up a large portion of the annual issuance in the years ahead.

A global consultancy has found that companies buying carbon credits and removals are on average more successful in reducing their operational emissions than those that do not, echoing similar findings from another recent voluntary carbon market (VCM) report.

The world’s biggest oil and gas companies could have afforded to pay for the loss and damage associated with the fossil fuels they produced over the past few decades, and more of this wealth should be funnelled into loss and damage funds, according to a report published on Thursday.

A daily summary of our news plus bite-sized updates from around the world.

California regulator ARB and Quebec's Environment Ministry (MELCCFP) on Wednesday modelled CO2 permit prices under various allowance budget scenarios, discussed cost-containment mechanisms, and deliberated market rule changes such as updating holding limits and auction purchase limits ahead of its Nov. 16 workshop discussing potential amendments to the cap-and-trade programme.

A New Zealand exchange-traded fund tied to the country’s emissions trading scheme has seen its value recover in line with the NZU price.

The Allowance Price Containment Reserve (APCR) sale in Washington state’s WCI-modelled cap-and-invest programme saw strong demand and sold out of its permits at one fixed price, according to results published Wednesday.

Toronto-headquartered carbon project developer Base Carbon explained to an investor call on Wednesday why it lost $1.7 million loss in Q3, said when the company would become profitable, and detailed its new project in India.

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Southwest Airlines has announced a comprehensive new sustainability strategy, titled 'Nonstop to Net Zero', taking another step towards its commitment to achieving carbon neutrality by 2050.

A Toronto-headquartered voluntary carbon credit firm provided updates on its restructuring measures to optimise costs as it recorded net income for the third quarter of the year, according to quarterly earnings published Tuesday.

An independent federal agency selected on Tuesday an adaptive infrastructure firm for $1 million in small business research funding to develop technology for the measurement of carbon stocks in coastal wetlands.

The Washington Department of Ecology (ECY) outlined rules on Wednesday for how recipients of the state’s Climate Commitment Act (CCA) funds should report expenditures and benefits to the state regulator ahead of its upcoming rulemaking.

A climate tech company has raised $1 million in seed funding to establish its first biochar production facility, located in Kenya, according to a press release on Wednesday.

The US Department of Energy's Office of Fossil Energy and Carbon Management (FECM) on Wednesday announced the formation of an international working group aimed at enhancing the transparency and reliability of methane and other emissions data in the natural gas supply chain, while a major investment bank extolled the financial benefits of mitigation efforts in the sector.

GHG emissions across the EU fell over 5% year-on-year in the second quarter of 2023, with electricity and gas sectors making the biggest decline, the statistics agency Eurostat reported on Wednesday.

A major ‘pure play’ sustainability consultancy has formed a strategic partnership with a software platform specialising in carbon and sustainability data management.