Carbon Pulse

Companies should shift towards carbon removals with durable storage in their credit-buying strategies as opposed to credits for emissions avoidance or reductions, say academics in updated offsetting guidance.

Most of the companies driving tropical deforestation are failing to address their impacts, with one-third lacking commitments and almost two-thirds showing little evidence of implementing them, a study has found.

BC’s ministry of finance anticipates reduced revenues from the provincial carbon tax but will allocate more funding to quarterly rebates for eligible residents, according to government documents published Thursday.

RGGI Allowance (RGA) prices held near their record highs on thin volume over the past week, as participants anticipated more movement ahead of the Q1 auction next month.

Italian oil giant’s plans to produce thousands of tonnes of biofuel crops in Africa is falling short, an NGO’s study reveals.

California electricity sector CO2 emissions continued to dip to record lows in January, even as natural gas maintained its historically high share of the state's energy supply, data published Friday showed.

A trade deal between Brussels and four members of the South American Mercosur economic group would compromise UN agreements and EU law, according to a legal analysis issued Monday.

Egypt has defined the legal status of voluntary carbon credits to be traded in the North African country ahead of moves to harmonise a standard set of principles internationally.

Tuesday's vote by the full European Parliament's house on a bill to restore at least 20% of the bloc’s land and sea areas by 2030 is expected to be a 'rubber-stamping' exercise, although farmers' discontent with EU green policies, red tape, and lack of funding has been tearing Brussels apart.

US-based agtech firm Indigo Ag has completed its third carbon crop, more than doubling its post-buffer pool offset supply, it said Monday, while also announcing a new partnership that is expected to expand its network of credit buyers.

A huge number of African REDD voluntary carbon credits were retired by an oil and gas major last week, but spot activity was thin and trading generally lacklustre as prices kept steady.

An international consultancy has become the first voluntary carbon credit buyer to make a claim for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative's code of best practice.

The world's largest food conglomerate Nestle has published its 2023 sustainability report pledging to reach and maintain 100% deforestation-free primary supply chains by 2025.

The financial sector must step up and participate in the process of reforming subsidies that are harmful to nature, Colombia's environment minister has said, as the government prepares to host UN biodiversity talks later this year.

Some carbon pricing policies are better suited than others for the different countries in Latin America, according to experts, as the region branches out from purely voluntary models.

Tony Agotha, the EU special envoy for climate and environment diplomacy, has expressed disappointment with the outcome of UN negotiations on carbon markets after they broke down at the COP28 climate summit in Dubai last December.

Germany’s economics and climate ministry Robert Habeck launched the country’s first carbon management strategy, as well as a proposal to update CO2 storage laws, at a press conference in Berlin on Monday.

EUAs are currently oversold and look set to rally more than 20% by the end of the year, according to analysts, who say the market's strong correlation with natural gas has dragged carbon permit prices down more than is justified by fundamentals.

EU carbon prices jumped on Monday morning as several analyst reports highlighted that the year-to-date price decline appeared to be running out of momentum, triggering some short covering that drove the market higher, while energy markets were slightly firmer.

Woodside Energy plans to reduce the carbon footprint of its huge Browse gas project by 47% and cut to near-nothing the use of carbon offsets, formerly its favoured way to meet its Australian climate obligations.