Carbon Pulse

The top two California Low Carbon Fuel Standard credit holders increased their share of the programme’s surplus credit bank over the six months ended in March, with the number two player’s holdings expanding the most, according to government data filed Monday.

Japan-based airline ANA on Tuesday announced it will purchase tens of thousands of tonnes of carbon removals from a direct air capture project in the Lone Star State.

Spot carbon credit prices under the Alberta Technology Innovation and Emissions Reduction programme ticked up slightly in July, but stayed well within a months-long range amid summer trading doldrums, according to a report published Tuesday.

The Northeast and Mid-Atlantic US RGGI power sector cap-and-trade system saw CO2 emissions decline once again during the second quarter due to sizable abatement at facilities in Maryland and New York, programme data showed Tuesday.

Two US forest carbon firms on Tuesday announced they will collaborate to provide smaller, non-industrial landowners across 13 Southeastern states the opportunity to participate in voluntary offset markets.

A director at voluntary carbon market experts Climate Impact Partners has parted ways with the firm just a year into the role.

A pool of older offsets will have their eligibility extended for application under the South African carbon tax, according to a draft amendment released this week in a move that could boost supply in the domestic-only market that has seen offset use fall away over the past year.

Nordic nations dominate the top of a green technology index produced by the Massachusetts Institute of Technology (MIT) Review published on Tuesday and ranking 76 nations and territories on their progress toward a sustainable and low-carbon future.

The European Commission has adopted rules that will eventually require all listed companies operating in the EU to disclose their impact on the environment and how the climate affects their operations.

Bulgaria’s supreme court deferred a decision on Tuesday that could have shut down one of the biggest coal power plants in the EU ETS, according to green groups frustrated that their long-running air pollution battle is now set to continue.

European carbon began the month of August on a mixed note on Tuesday, with early strength giving way to sustained selling that drove prices to a new 11-day low even as the first of the month's reduced-volume auctions took place, while UK Allowances dropped to their lowest in two years as the outlook for demand continued to worsen.

A collective of more than 150 companies and associations has called on the French government to make the regeneration of nature the focal point of its laws regarding development, in a column in Le Monde published Tuesday.

The founders of a carbon exchange are counting on an upswell of compliance carbon pricing to drive demand for carbon credits in the coming years, with the EU's carbon border adjustment mechanism (CBAM) expected to speed a global expansion and ratcheting up of carbon pricing schemes and the eventual convergence of the voluntary and compliance markets.

A Luxembourg-based ocean fund has increased its funding target after attracting €30 million from an insurance company, while investing in a Norwegian tech firm specialising in harvesting seafood from the seabed without harming ecosystems.

German utility Uniper's EU ETS-covered power production fell by over one fifth in the first six months of 2023 compared to 2022, as it announced plans to triple its green investments in the coming years, in quarterly results published Tuesday.

British lawmakers have opened a consultation to scrutinise whether the UK government’s policies to promote natural capital and investment in biodiversity protection are adequate, focusing on greenwashing risks as well as how best to scale private finance to achieve the goals of imminent biodiversity net gain legislation. 

A power company in Japan has introduced a self-consignment service for businesses to generate domestically issued J-Credits from solar projects, the first of its kind in the country, aiming to streamline the credit creation process.

Stepping up efforts to protect and restore seagrass in Indonesia, as well as counting it in its climate change monitoring and reporting frameworks, could drastically mitigate the country’s CO2 emissions, according to new research.

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

The Republic of Congo and an Italian company have signed an $88 million agreement to develop a carbon forestry project in the country, they announced Monday.