Carbon Pulse

Companies worldwide set a new record in publicly announced solar and wind energy contracts in 2023, driven by improving economics in key regions like Europe and imminent company clean energy goals, according to BloombergNEF (BNEF). 

The world’s first climate-focused guarantee company is looking to transform the perception that green investments in the developing world are risky - by encouraging the international private sector to jump in, and helping domestic borrowers secure better financing.

South Korea on Wednesday sold close to two-thirds of the CO2 allowances up for sale at its monthly auction, which cleared below the secondary market but up compared to last month’s sale.

Indonesia’s uptake of renewable energy is too slow and the country is unlikely to meet its own targets, according to a report from a think tank released Wednesday.

Voluntary carbon certification body Gold Standard has opened a consultation on a methodology for crediting on-site waste processing to avoid methane emissions caused by organic matter being sent to landfills.

A Switzerland-based carbon removal developer has entered into an offtake agreement to provide Microsoft with 27,600 tonnes of durable carbon dioxide removal (CDR) over the course of six years.

India’s largest carbon offset developer has inaugurated the first of several planned biomass fuel plants in the country to promote clean energy and mitigate greenhouse gas emissions, it announced Wednesday.

Australia would be a “banana republic” if it bowed to international pressure from its trading partners over its climate policies, such as the Safeguard Mechanism, Professor Ross Garnaut has told Carbon Pulse.

A Japanese petroleum supplier is offering its corporate clients to buy carbon credits to offset their petrol and diesel oil.

Two prominent Australian economists on Wednesday laid out their updated vision for how they see the country becoming a renewable energy superpower, chiefly by introducing a levy on all fossil fuel production facilities and imports.

A joint hearing on Tuesday regarding California's cap-and-trade scheme heard participants voice support for programme extension beyond 2030, although stakeholders proposed several improvements to better support disadvantaged communities.

Emissions covered by the upcoming EU ETS2 for road transportation and buildings will need to fall over five times faster than historic reduction rates in order to meet the scheme's cap and prevent "very high" allowance prices, according to a new study.

A bill to facilitate linking Washington’s carbon market with the California-Quebec WCI scheme passed the Senate chamber on Monday, bringing the jurisdictions one step closer in process that could take years.

An $80-million climate-smart agriculture programme in the US aiming to test a new model to measure net GHG impacts will soon be open for enrolment in four states.

WCI market participants largely expect the Wednesday Q1 auction to settle in line with front-month California Carbon Allowance (CCA) prices on the secondary market, which would result in a new record-high clearing price at quarterly sales in programme history.

A group of carbon dioxide removal (CDR) firms has joined forces to combine data, an established standard, and a digital MRV system to provide real-time tracking of projects and build trust and transparency in the nascent industry.

The Ontario provincial government of Canada will introduce legislation that would require a referendum be held before the province’s lawmakers can implement new carbon pricing measures.

The rush to implement the EU Green Deal could lead to unintended consequences for industries in the bloc, such as the loss of manufacturing capacities and an increased dependence on imports, a press briefing heard.

Republic of Ireland has launched a new scheme to pay woodland owners in conservation and restoration projects, as part of the country's wider plan to tackle biodiversity loss, under which some owners could receive €6,000 per hectare.

The EU should put a special focus on carbon markets to reach its climate targets, with the European Commission's climate chief suggesting it could help cut emissions by 90% compared to 1990 levels.