Carbon Pulse

Australia’s 2024 budget arrived late Tuesday delivering a A$9.3 billion ($6.1 bln) surplus and is spending big to drive mining and clean energy, but has been attacked for its lack of attention to the protection of nature despite cash of over A$300 million offered.

Oregon's Department of Environmental Quality (DEQ) must address existing ambiguity surrounding compliance instruments under the Climate Protection Program (CPP), including the use of offset projects, as well as a new emissions cap, an advisory committee told the agency Tuesday.

New Zealand on Wednesday released its annual consultation on five-yearly settings for its emissions trading scheme, adding options that would lower the NZU price floor at auctions and allow for a ballooned Cost Containment Reserve (CCR).

The EU has missed an opportunity to reduce carbon emissions and bolster domestic industries in Europe by failing to pursue a plan for green public procurement, according to a new report released on Wednesday.

A Czech project developer has signed contracts with Chilean farmers to develop tens of thousands of carbon credits from 5,000 hectares of land in 2025 via regenerative agriculture practices.

Demand for carbon credits deemed eligible under the UN’s CORSIA aviation offsetting scheme will exceed supply by the end of the decade in the absence of new offset sources, analysts predict.

The UK has launched a roadmap for high-integrity marine natural capital markets in order to safeguard its coastal environment and ensure investor confidence, which will be supported by the rollout of country-wide codes for coastal ecosystem services.

The California-Quebec current vintage carbon auction on Wednesday is expected to clear in line with or at a slight discount to front month California Carbon Allowance (CCA) prices, traders said, with uncertainty from the ARB's cap-and-trade rulemaking workshop factoring into participants’ views.

Nearly 3 million acres (1.2 mln hectares) of land involved in the California ARB forest carbon offset programme lies in areas at moderate to very high risk from wildfires, potentially endangering millions of tonnes of stored CO2, according to a report published Monday.

A major voluntary carbon project developer and trader was forced to temporarily defer wages amid another cash flow squeeze, it told Carbon Pulse Tuesday, highlighting the current dire market situation.

ClearBlue Markets and Kita have formed a partnership aimed at enhancing the voluntary carbon market (VCM) by offering improved data accuracy, risk mitigation, and transparency in credit transactions.

A group of financial service companies has successfully completed a proof-of-concept (POC) pilot in Hong Kong that explored the operational and risk management benefits of tokenised deposits to facilitate the settlement of tokenised carbon credit transactions.

A British energy firm with ambitions to become a global player in bioenergy with carbon capture and storage (BECCS) has drawn up plans for the world’s first wood-powered cargo ship.

The EU's Carbon Border Adjustment Mechanism (CBAM) should drive Turkiye's industries towards decarbonisation, providing incentives for emission reductions, experts said last week during a panel on the policy's impact on the MENA region.

A key figure in the development of Ghana’s Article 6 policy framework has urged other countries to rapidly develop similar policies if they wish to capitalise on the opportunities of sovereign carbon trading.

Large industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the real estate sector, along a whole value chain perspective.

Speakers and attendees at an international clean cooking summit in Paris on Tuesday highlighted the impact of the media on the voluntary carbon cookstoves sector, the optimism and challenges facing the rollout of new methodologies, and urged a focus on generating fresh credit demand to help address the surplus of units in the market.

Artificial intelligence (AI) has been used to cut the design time for carbon capture and storage (CCS) from a typical length of 100 days to just one day.

Ensuring a clear outcome on Article 6 will be a priority for Azerbaijan at the UN COP29 summit in November, the country's President-Designate told an international event in Paris on Tuesday.

A French environmental company has moved one step closer to issuing water credits, as its methodology has been validated by an independent verification body following the launch of a pilot in Mexico.