Carbon Pulse

Australia has appointed a full time chair of the Emissions Reduction Assurance Committee (ERAC) as part of a wider reform of its carbon market and hopes to further its emissions reduction goals.

New Zealand market watchers are once again doubtful that this week’s government-held auction will clear due to a lack of demand.

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A California Assembly committee on Friday endorsed a pair of bills that would require Scope 1-3 emissions reporting and climate-related financial risk disclosures from companies, sending the proposals to await a final floor vote.

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

Cameroon's President Paul Biya has hinted at the possibility of introducing a carbon tax as part of the country's 2024 Finance Act, local media reported this week.

Compliance entities saw their CCA net length fall this week after the August WCI auction results were published and amid the September contract expiry, while financial players moved in the opposite direction, according to US Commodity Futures Trading Commission data published Friday.

Washington state announced on Friday the first allotment of allowances to emissions-intensive and trade-exposed (EITE) industries for use in the cap-and-trade programme’s first compliance period.

A Paraguayan senator on Friday introduced a carbon credit bill that he says has greater support than previous legislation that would regulate the voluntary market, and will ultimately replace an older proposal.

Spot carbon credit prices under the Alberta Technology Innovation and Emissions Reduction (TIER) programme slightly dropped below July levels with a continued slowdown in activity, according to a report published Friday.

The UN has completed technical checks on the emissions reductions calculations of two major tropical forest nations, raising the prospect that the countries will attempt to monetise the results despite the vintage periods occurring before a 2021 cut-off for inclusion under fiercely debated Paris Agreement provisions.

A European financial watchdog has highlighted that there is growing interest in biodiversity but is cautious about potential greenwashing within the market.

A new report from UNEP’s World Conservation Monitoring Centre has tracked funding from hundreds of projects that boost marine biodiversity in critical habitats and found private sector funding to be minuscule.

As the EU starts defining a strategy to kickstart its carbon capture, utilisation and storage (CCUS) industry, the UK government's uncertainty over funding is leading to a loss of momentum in one of the countries that first embraced it.

A veteran carbon analyst has revised down their forecast for EUA prices out to 2030 in a report exclusively seen by Carbon Pulse, and is now anticipating a much slower growth trajectory out to €200 by the end of the decade.

A major US-headquartered agriculture technology startup focused on voluntary carbon has seen its valuation plummet by some 90% from at least $2-3 billion just a few years ago, according to reports.

A number of EU nations have called for the European Commission to develop a shared CO2 transport network as part of the bloc's industrial carbon management strategy initiative, though NGOs contest whether such infrastructure is really needed.

Corporates and financial institutions can create sizeable market opportunities by being first-movers in addressing the Taskforce on Nature-related Financial Disclosures framework, said the director of a leading consultancy, ahead of the nature disclosure recommendations formal launch in September.

One of the largest exchange-traded products that contains EUAs has slashed its holdings in EU carbon by 27% to their lowest level since the end of last year, according to the investment firm's website.

Native hydrogen has become the latest buzzword in the great global hydrogen chase, potentially offering a far cheaper option than ‘green’ hydrogen while offering the same decarbonisation benefits, and does not require carbon sequestration or offsetting like the blue version does.