Carbon Pulse

Early intervention can mitigate half of risks in forest investments, but stakeholders must look beyond carbon credits and address broader challenges like land rights, community engagement, and governance, according to a new report.

European industries are grappling with significant technological, financial, and regulatory hurdles as they work towards net zero emissions, according to a new report.

EU carbon allowances gradually edged higher on Wednesday as weekly positioning data showed investment funds held their first net long position in 15 months, while gas prices rallied modestly after profit taking had dropped prices on Tuesday.

There is an increasingly strong likelihood that the US will implement a carbon border adjustment mechanism (CBAM), but such a policy would likely come with challenges on the international level, according to experts speaking at COP29.

Some 25 countries, as well as the EU, have urged the rest of the world to stop new unabated coal investment for use in energy systems.

A group of 68 global NGOs, business coalitions, companies, and Indigenous Peoples organisations has called for COP29 parties to recognise nature’s role in addressing the climate crisis within negotiations on the New Collective Quantified Goal (NCQG).

Azerbaijan’s COP29 presidency has urged ministers to speed up their negotiations on the new global climate finance goal and next steps for cutting greenhouse gas emissions, as major sticking points persist in the final days of the summit.

The government-backed UK Nature Impact Fund remains optimistic about its future, with an associated accelerator programme hoping to announce new funding, following the withdrawal of partner investment manager Federated Hermes.

The Global Green Growth Institute (GGGI) has signed an agreement with Uzbekistan at COP29 in Baku, to promote carbon markets and support the implementation of Article 6 under the Paris Agreement.

A US philanthropic foundation will invest $10.9 million to advance African-led clean energy solutions, the organisation announced at COP29.

Brazil's Chamber of Deputies passed on Tuesday evening landmark legislation to establish a nationwide ETS, as the historic proposal for what would be the largest compliance carbon market in Latin America rolls onwards towards full approval.

Australia on Wednesday released the updated method for generating carbon credits from environmental plantings, replacing the previous version that expired in September.

A French bank has launched a sustainable forestry fund that will collect in-depth carbon data, saying this will give it a competitive advantage as companies up the value chain prepare to comply with EU reporting obligations.

The Japanese government is expected to soon release draft regulations for its planned emissions trading scheme, requiring hundreds of domestic emitters to participate in the programme, according to domestic media reports.

It is Day 10 at COP29 in Baku - Urban and Transport Day. It is getting close to crunch time and parties will soon be expected to agree on key texts, or get stuck in a quagmire of debate that will drag negotiations into overtime. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

New Zealand's environment ministry is seeking comments on the country's 2035 international climate change target, as the government is set to finalise the latest Nationally Determined Contribution (NDC) in the coming months.

Nebraska’s Attorney General (AG) alongside two industry groups on Tuesday filed an antitrust lawsuit against several US heavy-duty truck makers, alleging that their agreement with California to advance clean transition in the trucking sector is “nakedly anti-competitive”.

A larger cross-section of traders polled expect the last quarterly California-Quebec current vintage carbon allowance auction for 2024 to clear discounted to front-month California Carbon Allowance (CCA) prices after market sentiment soured with ARB delaying cap-and-trade regulatory updates, but unusual Auction Clearing Price (ACP) futures open interest (OI) could skew the outcome.

The Republican Minority Leader of the California state senate announced plans for new bills blocking ARB's Low Carbon Fuel Standard (LCFS) regulation on Tuesday, pointing to a new study that projected an increase in gas prices beginning 2025 due to recent regulations introduced in the state.

The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.