Carbon Pulse

Industrial facilities covered under the Safeguard Mechanism should report rolling 5-year compliance strategies, the Climate Change Authority (CCA) said Thursday, as it urged all sectors, with electricity in the lead, to cut emissions faster to meet Australia’s climate targets.

Australia’s Clean Energy Regulator has launched the first stage of its new Unit and Certificate Registry, designed to house various unit types for the government’s climate and environmental crediting schemes.

Colorado has opened an online carbon credit trading system as the state takes a step closer to launching its market.

Nearly 80% of California regulator ARB’s latest issuance of compliance-eligible offsets were marked with direct environmental benefits (DEBs) to the state, as volumes picked up week-on-week, agency data released Wednesday showed.

Maine on Tuesday joined a growing wave of US states suing major oil companies with claims that the firms exacerbated climate change and misled consumers with greenwashing campaigns.

The net credit surplus in Washington’s Clean Fuel Standard (WCFS) neared 1.5 million in Q2 2024 as the programme recorded the second-highest number of credits generated in a quarter since its launch, state data showed.

The Q4 California-Quebec current vintage carbon auction settled at nearly a $2 discount to secondary market prices and in line with a large cross-section of trader expectations, even as California Carbon Allowance (CCA) futures bounced quickly from the weak result.

An Australian global bank expect clarity from outstanding policy elements in delayed WCI rulemaking into the first quarter next year to potentially help reprice California Carbon Allowances (CCA) above $40.

Recent expansions of programmes at the US Department of Energy (DOE) pose “tremendous risk” to taxpayers as the agency needs to appropriate a large amount of money under tight deadlines, a report from the DOE Inspector General said.

Carbon removal technologies will need to start rolling out soon, government advisors told a parliamentary committee Wednesday, as they discussed UK Prime Minister Kier Starmer’s recently-announced national climate target of cutting emissions 81% by 2035 compared to 1990 levels.

The EU is proposing too long a timeframe for the approval of applications from companies looking to import goods subject to the Carbon Border Adjustment Mechanism (CBAM), according to feedback from industry associations and governments.

As the first year of CORSIA Phase 1 nears its end, airlines are planning their purchasing of eligible carbon credits despite the current short supply, according to a representative from a major commodity trading firm.

The English public generally approve of the environmental impacts of the country’s biodiversity net gain (BNG) policy, a pre-print paper has found.

A Spanish bank has pledged to mobilise €100 billion in sustainable finance over the next three years, it announced Wednesday.

The first stocktake of the ongoing negotiations on the UN plastic treaty showed on Wednesday a lack of progress on key measures to address plastic pollution, with some observers saying talks are nearing a tipping point.

European carbon prices are likely to experience a relatively stable winter, with downside potential in the case of above-average temperatures, according to analysts at a bank.

European and North African policymakers are hoping that a deepsea power cable across the Mediterranean will soon help to spread the region’s abundance of solar, wind, and hydropower across the EU – but technical, regulatory, and political challenges still abound.

Some 220 fossil fuel and chemical industry representatives have registered to participate in UN discussions of a treaty aimed at tackling plastic pollution, the highest number at any of the negotiations on the agreement so far, according to analysis released Wednesday.

India’s largest aluminium producing company has partnered with an auditing and consulting firm for carbon reduction projects and biodiversity conservation in the Indian state of Odisha.

A Dutch nature restoration company aims to improve the scalability of reforestation with a fleet of tree-seeding robots that could help national tree-planting schemes.