Carbon Pulse

While industry frontrunners are developing ways of reducing the emissions-heavy clinker content of cement, critics say the EU’s free ETS allocation rules were designed for established production methods that effectively delay climate action.

Indonesia should not focus on applying corresponding adjustments to carbon credits sold abroad in order to better make use of the voluntary market to meet its Paris Agreement commitments, according to a think tank advising the Southeast Asian nation.

European carbon prices traded in a very narrow range on Wednesday morning as participants waited for the publication of verified emissions data for 2023, while a one-day delay to the weekly Commitment of Traders data and the fortnightly pause in the EUA auction calendar added to the lack of drivers for the market.

A US-based carbon removal company has delivered its first CO2 removal credits from a project in India, the company announced on social media platform LinkedIn.

The scientific community has overlooked the potential impact of reducing consumption and resource use on biodiversity preservation policies in recent years, a paper has said.

Biodiversity footprint provider Iceberg Data Lab has raised $10 million at the first close of its Series A funding round, bringing the total raised to over $15 mln.

The Lao government is working on a decree to regulate the sale of forestry carbon credits to international buyers, with an initial draft likely to be ready around summer, local media reported Wednesday.

China has accelerated the work of adding cement to its national emissions trading scheme with the release of CO2 accounting guidelines, while it may take longer to include steelmakers amid data quality concerns.

Australia’s energy regulator has released draft guidance on its ‘value of emissions reduction’ (VER), which will act as a shadow carbon price to help guide regulatory policy decisions related to the National Electricity Market (NEM).

The Clean Energy Regulator issued 17.2 million Australian Carbon Credit Units (ACCUs) in 2023, and expects this figure to rise to a record 20 mln in 2024, it said in its latest quarterly report, published Wednesday.

An Australian biodiversity credit company has partnered with a local skin care product producer to launch a body wash and moisturiser set that will protect one square metre of a biologically rich area of coastal South Australia per unit sold, in what they hope will prove a use case for demand in the fledgling nature crediting market.

Eight energy outlooks published in 2023, alongside historical data sources, see substantial fossil fuel consumption through at least 2050, implying a scale-up of carbon removal technologies will be required in order to meet international climate targets, according to a report published Tuesday by a US non-profit research institution.

Nova Scotia on Tuesday submitted an alternative strategy to the Canadian federal carbon tax, though observers noted that the proposal was a rehash of previously-released measures aimed at achieving the province's environmental targets.

An Oregon Department of Environmental Protection (DEQ) advisory committee on Tuesday discussed modifications to emissions caps, covered entity thresholds, and compliance distribution alternatives as part of a new rulemaking for the state’s scrapped Climate Protection Program (CPP).

Australia’s Clean Energy Regulator has issued just over 1 million new Australian Carbon Credit Units (ACCUs), while an industry body calls for sufficient budget funding from the government to ensure reforms to the market are carried out.

RGGI confirmed near-universal compliance for the fifth three-year compliance period of the regional power sector cap-and-trade scheme, while RGGI allowance (RGA) prices dipped considerably in an unrelated development, correcting from historic highs in the face of continued lack of Program Review news.

A Toronto-headquartered voluntary carbon investor saw positive income in 2023 following a major revaluation of its only credit-issuing project to-date, but needs to raise more cash to fund planned operations for the next 12 months, it reported Tuesday.

The bioenergy division of a Brazil-based steelmaker has sold a San Francisco-headquartered carbon removals marketplace 15,000 tonnes of biochar credits so far in 2024, they said Tuesday.

Eleven Canadian conservation groups have urged federal government ministries to include logging and forestry emissions in an ongoing review of national greenhouse gas accounting practices.

The body that monitors compliance by members of the European Free Trade Association (EFTA) with the EU’s single market rules has opened an investigation into Norway’s proposed exemptions from certain carbon taxes for industries covered by the EU ETS, saying it “has doubts” as to whether the country’s measures are in line with the bloc’s state aid rules.