Carbon Pulse

The Oregon Department of Environmental Protection (DEQ) on Monday announced a new rulemaking schedule to reinstate its market-based GHG reduction programme that a state court dismissed in December.

Market participants coalesced around expectations for the first RGGI allowance auction of 2024 to clear around the Cost Containment Reserve (CCR) trigger, with secondary market prices converging towards that level over the last month.

A little over 6% of historical credit issuances have a strong chance of receiving the CCP label by the Integrity Council for Voluntary Carbon Markets (ICVCM), with the tag potentially a more stringent marker of quality than CORSIA-eligible credits, according to market analysts.

Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.

An Amsterdam-based climate tech company launched its second direct air capture unit for onsite carbon capture and utilisation in large greenhouses and vertical farms.

The US Department of Energy (DOE) announced $425 million in a second round of funding to support clean energy manufacturing while reducing industrial emissions in former coal communities.

A Singapore-based exchange is expected to be 'weeks away' from launching two physically-settled voluntary carbon futures contracts, one focused on units eligible for the current phase of CORSIA, and the second on jurisdictional REDD+ credits.

The Russian invasion of Ukraine could lead to cropland expanding over eight million hectares worldwide, driving biodiversity loss as far away as the Americas, a study has estimated.

Bank of America (BofA) plans to expand its carbon trading business and sees significant growth in the European markets, members of the firm told Bloomberg.

Rethinking the monitoring criteria of umbrella species will enhance biodiversity conservation efforts, leading to more efficient and cost-saving programmes, researchers have found.

The UK's state-owned nuclear energy and fuels company is buying land for future developments, as part of the government's plans for a "revival" in the technology that includes developing a new large-scale reactor and mini plants.

European carbon prices declined on Monday morning, led lower by weakening natural gas prices that shrugged off an unplanned outage in the North Sea and suggestions that traders may be stating to unwind positions ahead of the March options contract expiry later this week.

New York’s state legislature is advancing parallel bills to rewrite the rules of sovereign debt restructuring, in a potential hit to private creditors worldwide but a win for developing countries.

China should provide policy support for the development of offshore carbon capture and storage (CCS) and accelerate the construction of its national carbon market, domestic business leaders have called for during the annual parliamentary session.

There is a strong imbalance between demand for a new generation of voluntary carbon credits, eligible for international mechanisms or with integrity labels, and expected supply, analysts told a conference last week.

A subsidiary of South Korea's largest power company has partnered with a domestic cement producer to conduct international energy efficient projects in the Asia-Pacific that can generate Paris-aligned carbon credits.

A voluntary carbon market registry has released a North American biochar protocol for board consideration following a draft proposal accompanied by a public comment period.

With voters set to decide the fate of Washington state's cap-and-invest programme this November, market participants are highlighting the uncertainty surrounding hundreds of millions of dollars in carbon allowance holdings that could be rendered worthless is the scheme is scrapped.

Europe is not prepared for all the climate risks it will face in the coming years, despite being the fastest-warming continent in the world, according to the first-ever EU Climate Risk Assessment Report published on Monday by the European Environment Agency (EEA).

Speculators reduced length across North American carbon markets while emitters added to California Carbon Allowance (CCA) and RGGI Allowance (RGA) net holdings, weekly data from the US Commodities and Futures Trading Commission (CFTC) showed on Friday.