Carbon Pulse

Stabilising atmospheric CO2 levels could significantly lower the risk of climate-related disasters, according to a new study by researchers from the University of Cambridge.

California diesel consumption year-over-year (YoY) in August slipped, while gasoline volumes also declined YoY for the twelfth straight month, state data published Monday showed.

The US Environmental Protection Agency (EPA) this month proposed a rule to authorise West Virginia to oversee CO2 storage wells within the region, potentially positioning it as the fourth state to gain such primacy.

As this year’s COP29 climate summit in Baku, Azerbaijan concludes with landmark decisions clinching the operationalisation of Article 6.2 and 6.4 carbon markets – with Brazil said to have played a key diplomatic role – expectations for COP30 in Belem, Brazil have highlighted the rise of Article 6 as a priority for the region.

A pair of North American investors announced Monday the finalisation of a $2 million investment in two Montana grassland conservation carbon projects.

COP29 may have given a shot in the arm to future international carbon trade, after countries finally clinched a deal on Article 6, but the voluntary market continued to drift aimlessly over the past week.

Mexican President Claudia Sheinbaum called for the launch of a global reforestation initiative at the G20 Leaders’ Summit last week that, under her vision, could boast a $24 billion budget.

Maryland’s environmental commission’s recommendations for climate investment mechanisms looks likely to include implementation of an economy-wide cap-and-invest scheme, as the state could risk missing its greenhouse gas (GHG) reduction targets.

Airlines will need over 500 million tonnes of CO2-equivalent (MtCO2e) carbon credits to meet Phase 2 CORSIA requirements (2027-35), with prices potentially reaching $91 per tonne, according to a new report released on Monday.

European truck manufacturers are investing chiefly in battery-electric vehicles to meet their 2030 climate goals, but point to a lack of charging stations on EU roads, urging policymakers to be more ambitious on infrastructure.

A Singapore-based biochar developer plans to generate over 330,000 carbon removal credits through making biochar from waste for applications in buildings, agriculture, and landscaping.

French data provider Iceberg Data Lab plans to double the coverage of its deforestation, biodiversity footprinting, and climate analysis tools up to 16,000 companies, Carbon Pulse has learned.

Turkiye has unveiled a new industrial decarbonisation investment platform that targets $5 billion in funding by 2030 to cut over 20 million tonnes of carbon emissions annually.

European carbon prices advanced on Monday morning as the strong correlation with natural gas dragged EUA prices higher, while TTF traders reacted bullishly to an LNG supply outage in Australia and on forecasts calling for cooler temperatures and less wind.

The Asian Development Bank (ADB) has launched a road map for increasing its nature positive investments, part of which involves exploring biodiversity credits.

South Korea and Malaysia have teamed up to cooperate on GHG emissions initiatives, initially targeting a landfill project based in Terengganu state.

Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.

Demand for voluntary plastic credits is slated to expand regardless of their inclusion in the UN global plastic treaty under negotiation in Busan, major standard bodies told Carbon Pulse, amid growing concerns from environmental groups over the credibility of the nascent market.

Spot New Zealand carbon allowances on Monday traded just above the auction price floor for the first time since March, as observers said the market’s long quiet stretch is a sign of positive things to come.

Environmental groups have written to the Papua New Guinea government opposing its efforts to test its carbon market regulations on so-called “guinea pig” communities before addressing what it says are serious issues with the rules.