Carbon Pulse

The Bahamas released a draft of the country’s proposed carbon market and GHG regulations on Friday, providing guidance for carbon credit sales, GHG reduction initiatives, and emissions allowances.

Delta Air Lines issued a motion to dismiss the putative class action lawsuit filed against the carrier for allegedly misrepresenting the total environmental impact of its business operations through advertisements of its pioneering carbon-neutrality claims, a US federal court filing showed on Friday.

RGGI Allowance prices climbed by double digits this past week as a combination of speculator interest in the Third Program Review and one entity adjusting positions bumped up values.

Diesel sales in California exceeded year-on-year levels in May for the first time this year, joining higher YoY monthly gasoline volumes, while monthly gasoline emissions rose to annual highs, according to recently published state data.

This position will play a lead role in building Eden’s global environmental and socio-economic impact reporting capabilities, a key pillar of Eden’s growth strategy and stakeholder transparency.

Xpansiv CBL N-GEO nature-based contract jumped last afternoon Monday to shake off last week’s malaise when carbon credits prices generally drifted sideways again, although there were signs of life for CORSIA, the international aviation emission trading scheme of ICAO.

Alongside the high-profile presidential elections on Sunday, Ecuadorians were asked to vote on continuing oil exploration in one of the most biodiverse locations on the planet.

German-headquartered European Energy Exchange (EEX) will require the green light from the EU’s antitrust authorities to acquire Nasdaq’s European power trading and clearing business, the European Commission said on Monday.

Commodity giant Cargill has applied two 37.5 meter high sails on one of its ships that could reduce fuel consumption and CO2 emissions by 30% on an average trip, paving the way for the technology to be used worldwide and reduce the global shipping fleet’s carbon footprint.

India's federal government over the weekend approved its ambitious National Green Hydrogen Mission, including both electrolysis-based and biomass-based hydrogen production methods in the scope of “green hydrogen”, though observers say major challenges must be overcome for the nation to earn its coveted role as a global hub.

A large US retailer is partnering with a technology startup to capture CO2 in its manufacturing facilities and supply chain and convert that CO2 into yarn for an apparel collection, aiming to reach price parity with standard textiles such as lyocell and viscose.

European carbon allowance prices tracked volatile movements on gas markets on Monday as the risk of industrial action at Australian LNG terminals supported prices, while a below-market auction filtered in some weakness to the benchmark as it moved to trade flat as of midday to the prior settlement.

One of Australia’s big three ‘gentailers’ on Monday released its emissions plan, promising to launch a Scope 3 emissions reductions plan by the end of next year while remaining committed to offering clients power and gas products backed by carbon credits.

Australia closed consultation on its hydrogen strategy Friday, an update to its 2019 paper which was one of the first national hydrogen strategies and offered under the prior Coalition government.

A securities arm of China's Baoshan Iron & Steel (Baosteel) has inked a deal to secure domestically issued offsets from a Shanghai-listed environmental solution provider for the coming three years, as China is ramping up efforts to expand the scope of its national carbon market.

The Assistant Managers - Carbon Crediting Strategy and Coordination, will play a pivotal role in supporting the Australian Carbon Credit Unit (ACCU) Scheme.

Deforestation and forest degradation in Australia is being overlooked by overseas investors to their peril, a report released Monday warned, as biodiversity and nature loss becomes an increasingly material risk for companies and their financiers if not managed effectively.

A group of NGOs are calling for funding to jump-start a global biodiversity fund at an international environmental assembly week, a move that they see as essential to stem biodiversity loss.

Countries with the greatest biodiversity richness are the ones spending the least on nature, the UNEP Finance Initiative (FI) has found, urging investors to identify whether they are contributing to the trend.

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