Carbon Pulse

The EU’s climate chief announced on Monday that the bloc will contribute a “substantial” amount to a new fund for climate mitigation and adaptation as well as allocate further funding for renewables and energy efficiency on Monday.

A key component of the British government’s climate plan is unlawful due to its reliance on bioenergy with carbon capture and storage (BECCS) removals, which will undermine the country's ability to achieve net zero by 2050, according to a legal case filed in a UK court.

European carbon prices slumped on Monday morning, giving up most of the gains posted at the end of last week as mild and windy weather and weaker energy prices combined to hearten the bears.

The World Bank is working with Vietnam to progress an auction of excess carbon credits from the planned Mekong Delta Climate Change Adaptation plan and for the nation to plant 1 million hectares of low carbon rice.

South Korea is planning to set up a special climate fund with government and private investments, as the country is seeking to secure more credits from overseas carbon reduction projects to realise its climate goals, local media reported Monday.

The UK is planning to launch its own carbon border adjustment mechanism that would mirror the full 2026 launch date of the EU’s programme, the FT reported on Monday, citing anonymous officials.

Aboveground carbon stocks in mixed planted forests could be a lot higher than in monocultures, new research has found, suggesting mixed forests could be far more effective as carbon sinks.

South Korea’s SK E&S has signed a Memorandum of Understanding (MoU) with Australia’s Santos over carbon capture and storage collaboration, the latter said Monday.

China has introduced a capacity payment mechanism to improve the profitability of domestic thermal plants, a move the government claimed will support the country's low-carbon transition, though concerns have emerged as to whether the new policy will incentivise generators to build more coal.

Submissions to New Zealand’s biodiversity market consultation agreed that governments alone can not muster enough cash to adequately address biodiversity decline, but there are concerns that credit-based schemes are too immature to be considered.

A group of Australia’s past and present politicians and environmental groups have signed on to a pledge urging the state and federal governments to halt the logging of native forests in the country.

China could see a structural decline in greenhouse gas emissions next year, as low-carbon energy expansion is expected to reach the scale needed to start driving down CO2 output, a report has found.

A series of factors may be coming together to trigger a big year-end EU carbon price rally, including record short selling by speculators and dwindling auction supply, some experts believe, while others think looming bearish pressures remain too great for prices to see any meaningful recovery from recent lows.

Deforestation in the Amazon has fallen to its lowest level in five years, according to a report published this week by Brazil's National Institute for Space Research (INPE), while a fund to support these efforts was strengthened.

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

The highest number of quarterly credits in the history of the programme saw Oregon's Clean Fuels Program (OCFP) generate the second highest quarterly net credit surplus during the second quarter of the year, even as gasoline deficits reached their peak, according to state data published Thursday.

An offset project developer part-owned by a major oil company has denied allegations by a Brazilian investigative news outlet that Indigenous people in the Amazon were deceived into signing carbon credit contracts.

The Attorney General’s office in New Hampshire is scrutinising the new business model of Bluesource Sustainable Forest Company (BSFC), which owns a 59,000-hectare tract at the state's tip, to assess its compliance with a 20-year-old easement originally intended for logging and recreation.

A Toronto-headquartered global wealth and asset manager announced on Friday the initial close of its forest fund investing in sustainably managed forests where carbon sequestration is prioritised over timber production.