Carbon Pulse

Australia’s Climate Change Authority proposed an indicative 2035 emissions reduction target of 65-75% below 2005 levels in an issues paper released Thursday, saying additional actions would need to be taken by all sectors to reach it.

Almost a million tonnes of cotton grown on deforested mega estates in Brazil’s biodiverse Cerrado region have been linked to the production of clothing and homeware for two of the world’s largest retailers, finds an investigation by an environmental NGO.

Stakeholders voiced support for an increased step-down in the 2025 carbon intensity (CI) reduction benchmark, and expressed an array of enthusiasm, concern, and confusion regarding the role of biofuels in California's transportation system, at an informal workshop on Wednesday to discuss proposed amendments to the Low Carbon Fuel Standard (LCFS).

A global investor intends to vote against Woodside Energy’s climate strategy at its upcoming annual general meeting, in part over its reliance on carbon credits to meet the company’s Scope 1 and 2 emission reduction targets, it announced Wednesday.

Two Brazilian states expect the issuance of their first batch of carbon credits in the next week and within the next few months, and also anticipate volumes in the hundreds of millions more in the future, as both continue their efforts to develop the carbon market in their jurisdictions.

California regulator ARB issued the highest number of compliance-grade offsets thus far this year and all with direct environmental benefits (DEBs) to the state, raising year-to-date totals above 2023 levels for the first time, data published Wednesday showed.

Concerns have been raised over how the EU allocates revenue from its carbon pricing mechanisms, specifically the Carbon Border Adjustment Mechanism (CBAM) and the EU Emission Trading System (ETS).

Upcoming negotiations at the fourth Intergovernmental Negotiating Committee (INC-4) meeting in Canada on a ‘global plastics treaty’ must set targets to reduce plastics production, a policy officer at Ocean Conservancy told Carbon Pulse, though the private sector favours recycling.

Commercially viable biodiversity-related investments in developing economies for climate adaptation have been identified in a guide by Standard Chartered, KPMG, and the UN Office for Disaster Risk Reduction (UNDRR).

The US Department of Energy (DOE) on Wednesday announced an $18.8 million funding initiative to advance R&D for converting algae and wet waste feedstocks into biofuels and bioproducts.

A European Green Deal 2.0 is not only necessary but beneficial to addressing economic challenges persisting across the EU, according to a report published on Thursday.

A California Senate bill that imposes stricter oversight on environmental claims using carbon offsets passed committee on Tuesday, despite industry opposition.

The US may be a leader on CO2 removal technology (CDR), but greater federal support in driving demand, R&D, and demonstration and deployment is needed to fulfil national emissions reduction goals, a report published Wednesday found.

The European Parliament on Wednesday approved the first EU-wide law aimed a cutting potent methane emissions from the energy sector, including fossil fuel imports. 

The European Parliament agreed Wednesday to postpone by two years a deadline for adopting sector-specific European Sustainability Reporting Standards (ESRS), giving companies more time to adapt to the first set of rules.

The European Parliament on Wednesday (April 10) gave the thumbs up to an EU law aimed at cutting CO2 emissions from new heavy-duty vehicles by 90% as of 2040.

The world’s major economies and multilateral development banks must lead the way in redirecting trillions of public and private funds towards climate action in the countries that most need it, the head of the UN’s climate unit said on Wednesday. 

Indigenous Peoples should "explicitly reject" proposals for the biodiversity credit market as they will promote offsetting, a think tank has said.

A European Emissions Trading Scheme (ETS) that pioneers carbon pricing for food and agriculture is essential to reach global decarbonisation goals, argues a report published on Wednesday (April 10).

The European Parliament voted in favour of EU co-legislators' deal on the world's first framework to define carbon removals on Wednesday, bringing the legislation close to the finish line.