Carbon Pulse

The GHG Protocol has published a summary of stakeholder responses on its corporate emissions accounting standards, which includes details on market-based approaches and the use of voluntary carbon credits.

China saw liquidity in its compliance carbon market fall sharply over the past week, while permit prices held above the 80 yuan ($11.07) benchmark amid growing optimism about the sectoral expansion of the market.

The government of Thailand has put out the second draft of its climate change bill for consultation until mid-April even as it will be considered for cabinet approval not before June 2024, with provisions for several market-based mechanisms to drive emissions cuts.

Japan has updated its guidelines to provide more clarity on the quality of offsets, as the country seeks to align its domestic framework with international efforts to improve the integrity of the voluntary carbon market.

Prices in the EU’s ETS for transport and heating fuels (ETS2) are expected to surpass those of the existing carbon market as early as 2029, and exceed €200/tonne of CO2 by 2030, according to projections unveiled on this week.

One of the largest Korean securities firms has been designated as an official broker for the country's national emissions market, as the government seeks to open up the market to more participants.

Washington’s linkage with the broader WCI market could hinder the state’s climate goals if it does not recalibrate its existing programme mechanisms, an analyst told conference participants Wednesday.

Staff of California regulator ARB detailed next steps regarding its proposed Low Carbon Fuel Standard (LCFS) amendments and addressed programme scrutiny from industry and environmental groups.

The Australian government will only need to make 'minor changes' to the replacement environmental plantings method, and continues its work on the proposed integrated farm land management (IFLM) method, it confirmed Friday.

California gasoline sales and emissions trailed 2022 levels for the fourth month in a row in December, while diesel reversed course and also declined and total transportation emissions fell overall on the year, state data published Thursday showed.

Encouraging the government to calculate GHG emissions limits and grant funding to industrial players are key priorities Indonesia’s peak business group wants to help nurture its carbon market, according to recommendations published this week.

Both California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) prices during the Mar. 14-20 period recovered from last week's plunge, driven partly by additional information from regulators regarding the future of the schemes.

Canada’s industrial emitter carbon pricing policy is three to four times more impactful in greenhouse gas abatement than the country’s carbon tax on fossil fuels, a new analysis has found.

Czech utility CEZ has bought over 6 million EUAs for its 2025 compliance at an average €96 per tonne, according to its 2023 annual report published Thursday.

Microsoft has signed a pre-purchase agreement with a Swiss carbon project developer for 95,000 voluntary carbon removal (CDR) credits from a biochar facility in Mexico, following shortly after Shell struck a similar deal.

Growing enthusiasm for nuclear energy was put on display at the first-ever Nuclear Energy Summit in Brussels on Thursday, but a new generation of nuclear power plants will not be possible without access to large amounts of finance, leaders stressed, while also acknowledging the industry's image problem.

A Dutch civil rights campaigner group has placed the avoided deforestation voluntary carbon sector on red alert with a pledge to soon publish a ‘wider investigation’ on offsetting and human rights, which builds on its covert probe that uncovered sexual offences by senior staff at a Kenyan project.

A Brazilian environmental assets startup has released its methodology for measuring biodiversity impacts in farms and ranches, paving the way for issuing biodiversity credits.

Drax has agreed to purchase 1,000 tonnes of bioenergy with carbon capture and storage (BECCS) removals credits from a Norwegian supplier for €400 per tonne.

The UK has opened a public consultation Thursday on proposals for the design and administration of its Carbon Border Adjustment Mechanism (CBAM), including on how carbon pricing will be integrated within the new mechanism.