Carbon Pulse

South Korea’s latest monthly CO2 auction for the current compliance cycle sold only around 30% of the permits on offer Wednesday, as market sentiment remained lukewarm despite the government's proposed policy change to revitalise the market.

Electric mines could decarbonise much of mining companies' Scope 1 and 2 emissions, while offering health benefits to workers no longer trapped underground with diesel fumes and particulate matter, and could be made more affordable through a price on carbon, a conference heard this week.

European Commission President Ursula von der Leyen confirmed her commitment to the European Green Deal on Wednesday in her last annual speech to the European Parliament before the EU elections next June, though her focus was less on climate action and more on the need to support European industry on their decarbonisation journeys.

A tech startup that offers an AI-powered measurement, reporting, and verification (MRV) service for forest conservation carbon projects, has announced Wednesday a $2.2 million pre-seed funding round.

The energy director of a giant Australian brickmaker would like to see Australian Carbon Credit Units (ACCUs) offered for far more biogas projects so large-scale users can better decarbonise via taking biogas from the nation’s network of pipelines.

A survey of over 200 companies released Wednesday showed that over half of the respondents believe Australia will need to buy carbon credits to meet its net zero goals and most of them have or will buy offsets themselves, as Australian Carbon Credit Units (ACCUs) rebounded over the past few days after a dip late last week.

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

The Washington state and Canadian governments are working to soon publish data regarding credit prices and generation data for their low-carbon fuel standard (LCFS) programmes, a conference heard Tuesday.

Researchers have uncovered vital data that underlines the crucial role of soil moisture conditions in determining the size and distribution of carbon stocks within boreal forests, which are home to a third of the world’s terrestrial carbon pool.

An official from California regulator ARB alluded on Tuesday to more stringent carbon intensity (CI) targets in its upcoming proposal for the Low Carbon Fuel Standard (LCFS) rulemaking package and forecasted the role of biomethane and credit pricing amidst the agency’s timeline for decision making.

Brazilian senators over the past week proposed eight amendments to Brazil's emissions trading system legislation to integrate the voluntary carbon market (VCM) and set offset usage limits, give credits to firms for transitioning to renewable energy sources, and narrow down the list of regulated sectors.

Investments in clean electricity and other climate solutions funded by the US government's Inflation Reduction Act (IRA) will spur greater CO2 emissions reductions from the power sector and across the economy, found an EPA report released Tuesday.

The California legislative Assembly on Monday passed a bill requiring large companies doing business in the state to publicly report their Scope 1–3 emissions, with the bill headed back to the Senate for final approval.

The Washington Department of Ecology (ECY) on Tuesday announced a forthcoming rulemaking to consider adding new offset protocols and updating existing ones under the state's cap-and-trade programme.

Net zero is achievable in the construction sector by 2050, and moving aggressively to decarbonise the built environment is critical, the UN said Tuesday in a report outlining key steps that the sector can take.

Stakeholders are still eyeing a November release for the European Commission’s carbon management strategy, despite concerns about the effectiveness of a recently-closed consultation and the impact of new appointments within the EU's executive. 

Financial institutions can no longer claim a lack of data means they can’t track their impact on forests for net zero and TNFD processes, according to a new report released by a US-government-backed initiative.

France’s state-owned utility EDF has set up a new carbon credit business to develop a portfolio of nature-focused projects at home and abroad, it said on Tuesday.

The risk of having to pay hefty third-party liability charges due to operational failure with carbon capture and storage networks will be significantly reduced by using digital twin technology to predict potential integrity breaches, according to a digital services company positioning for a role in the sector.

Biotech companies are the laggard of the industrial world for corporate climate action, with a collective emissions trajectory equivalent to warming the world by 3.3C above pre-industrial levels, according to a new analyst indictor model that found no business sector was on track with the Paris Agreement goal to limit warming to 1.5C.