Carbon Pulse

The New Zealand government has slashed spending on climate initiatives by some, NZ$236 million ($139 mln), as an International Monetary Fund report has thrown its support behind pricing agricultural emissions.

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

RGGI Allowance (RGA) prices inched upwards on weak volume as a combination of speculator interest in the power sector carbon market’s Third Program Review, positioning before next week’s Q3 auction, and weather kept current year prices above the $14 mark.

A Calgary-headquartered carbon credit marketing and project development company on Monday finalised its agreement to acquire the majority of a South American nature-based solutions firm.

Carbon credit prices continued to edge sideways amid a summer lull in liquidity that seems to have been exacerbated by anticipation of the ICVCM integrity initiative that will produce the first Core Carbon Principle-labelled credits in the fourth quarter.

India should rename some of its current fees and levies as carbon taxes to get a better deal under the EU's carbon border adjustment mechanism, instead of opting for flat refusal of the entire scheme, the CEO of Tata Steel has told local media.

Climate finance and more standardised, cross-border carbon markets are ways to better ensure a just transition, according to a policy paper released on the sidelines of the B20 Summit in India over the weekend.

Hong Kong-based climate startup Carbonbase has teamed up with two partners to launch a blockchain-based registry targeting small and medium-sized developers, which it claimed to be Asia’s first digital native carbon registry.

Vietnam has signed into action the Glasgow Declaration on forests and land use, setting country-specific targets around the treatment of its forests and plans to increase forest cover to the end of the decade.

The Clean Energy Regulator has minted some 1.38 million Australian Carbon Credit Units (ACCUs) in its latest update, the largest issuance so far this year.

The MfE is looking for an experienced Senior Policy Analyst to join its Climate Markets directorate.

Australia on Sunday announced it will host a global summit next year to drive private-sector investment in nature conservation and restoration projects, just weeks before the next biodiversity COP.

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

Regulated parties picked up California Carbon Allowances (CCAs) before the publication of historic WCI Q3 auction results and sold off RGGI Allowances (RGA), while speculators let go of permits in both markets, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

The Quebec government this week released draft regulations to amend one of its compliance offset protocols, after finding that evolving processes have rendered some of the activities non-additional and ineligible for credit generation.

The California Senate on Thursday approved legislation to clarify the eligibility of state-funded projects to generate carbon offsets, while a large business lobby ramped up its opposition to a bill that would mandate Scope 1-3 GHG reporting requirements within the state.

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The US government in general is unaware of the UK’s biodiversity net gain (BNG) policy, the executive director of a policy-focused company has claimed.