Carbon Pulse

California regulator ARB’s branch chief responsible for overseeing the Low Carbon Fuel Standard (LCFS) has departed the agency just weeks before the commencement of a major rulemaking process to amend the transportation sector climate programme.

The Council of the EU 27 energy ministers reached an agreement on Tuesday on a proposal to amend the bloc's electricity market design, allowing the start of negotiations with co-legislators in the Parliament on Thursday.

A German-based marketplace and provider of tracking infrastructure for carbon removal credits has partnered with an emissions accounting platform.

The Atlantic Canadian Province of Newfoundland and Labrador on Tuesday announced a carbon capture utilisation and storage (CCUS) innovation contest to help decarbonise its oil sector, where the government will fund studies that examine how the technology could work in its unique geography.

Saudi Arabia's Regional Voluntary Carbon Market Company (RVCMC) is to hold a summit for Global South participants ahead of the year-end COP28 UN climate talks in Dubai, it said on Tuesday.

Attorneys for the plaintiff in a lawsuit against Delta's carbon offsetting practices has lodged an opposition to the airline’s motion to dismiss the case in a US federal court, filings showed Monday.

Uzbekistan is to receive $46.25 million to cut fossil fuel subsidies via a debut transaction from a longstanding World Bank-led programme to credit emissions reductions achieved through climate policy initiatives.

UN-backed research to calculate emissions reductions from cookstove carbon projects has been put out for consultation as part of global efforts to address over-crediting concerns, though the work seems to have angered some government authorities and experts.

Inadequate or failed implementation of climate policies is the US’ greatest risk to meeting emissions reductions goals, a consortium of scientists, engineers, and health care professionals said in a report published Tuesday, with nearly 80 recommendations targeting private and public sector engagement.

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A Chicago-based proprietary trading company has poached a North American environmental products portfolio manager from a long tenure at a New York-based electricity generation development and investment firm, Carbon Pulse has learned.

The UN Development Programme (UNDP) will support investors interested in developing or buying “turtle certificates” to support conservation in Central Africa, an executive has said.

Analysts have heavily cut their average price forecasts for UK carbon allowances out to 2030, citing bearish fundamental pressure from the demand side, as well as weak policy ambition from market reform efforts that will boost supply over the next few years.

A Vancouver-headquartered carbon removal solutions provider and UK-based CO2 management technology firm announced Tuesday a partnership to eventually deploy large-scale carbon capture, utilisation, and storage (CCUS) projects globally.

India’s carbon market will likely cover just 15% of the nation’s greenhouse gas emissions by 2030, according to media reports.

Oman plans to plant 100 million mangrove trees in order to generate $160 million in carbon credits, as the government increasingly recognises the economic benefits posed by environmental restoration and seeks to position itself as a global leader on international emissions trade.

Only four major economies are on track to meet what would have been their Paris Agreement goals under "fair share" criteria laid out by an international group, a report said this week.

European carbon declined for a second day on Tuesday amid further losses across the energy complex, with EUAs falling to their lowest in more than a week amid sustained selling pressure.

Environmental organisation IUCN has called for an increase in financing to stem species loss alongside releasing an action plan to address species decline, but provided little detail on the mechanisms needed to do so.

Zambia has established the eligibility criteria and the approval process for carbon projects under a strengthened guidelines for Article 6, providing a roadmap for the country's participation in international carbon markets that aims to give investors more clarity for development in the country.