Carbon Pulse

China on Sunday published fundamental regulations that support trading in the national emissions market, with new rules set to be effective from May 1.

South Korea and Australia have agreed to cooperate on cross-border projects for carbon capture and storage (CCS).

Italian oil and gas producer Eni has signed an MoU with the Indonesian government to explore CCUS and carbon offsetting opportunities, while at the same time ramping up its hydrocarbon developments in the country.

The Australian government has released a New Vehicle Efficiency Standard (NVES) that will include a crediting mechanism for automakers, in a bid to cut carbon emissions from the transport sector by 369 MtCO2e by 2050.  

Washington's Department of Ecology (ECY) released Friday an updated Q1 auction notice offering fewer allowances than previously announced, while also revealing the full number of current and future vintage permits available at quarterly auctions for the rest of 2024.

A German fintech billionaire has set up a $1.5-billion nature conservation fund through his family office to combat the mass extinction of species and help meet the Global Biodiversity Framework target of protecting 30% of the world’s land and oceans by 2030.

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

Regulated entities had the largest weekly reduction in California Carbon Allowance (CCA) net length in almost a year, locking in record high prices in RGGI as well, while speculators increased net length across North American carbon markets over the Jan. 24-30 period, data published by the US Commodities Futures Trading Commission (CFTC) Friday showed.

Research by a US environmental NGO found that producers of factory farm biogas earning credits from California's Low Carbon Fuel Standard (LCFS) programme were piping gas from digester projects that continued to release methane plumes up to 1,700 kilograms per hour.

A large Canadian pension manager launched Thursday a C$1 billion ($785 million) fund investing in industrial decarbonisation, renewable fuels, electrification, as well as energy storage and efficiency, among other energy transition themes.

Scientists have issued a stark warning about the potential consequences of heavily relying on large-scale, land-based CO2 removal (CDR) strategies as a means to avoid immediate and significant reductions in global greenhouse gas emissions.

Some 905 million carbon credits could be in line to be awarded the ICVCM’s Core Carbon Principles (CCPs) high-integrity stamp in an initial review of methodologies, the stakeholder initiative revealed to Carbon Pulse.

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Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in January ticked up following two months of stagnation, despite an oversupply issue plaguing the market, a report published Thursday said.

A group of researchers receiving EU support has begun work on an interactive model to describe how different green policy and investment scenarios transform EU industry from 1990-2070, as the EU shifts into the implementation phase of its flagship Green Deal.

US oil majors Chevron and ExxonMobil reported their full-year earnings on Friday, with both posting a drop in income as oil prices fell, after a year in which the companies’ commitments to cut emissions were juxtaposed with record domestic production levels.

California electricity sector CO2 emissions in December and for full year 2023 maintained the trend of sitting at decade lows, even as the share of natural gas power supply remained near record highs, data published Thursday showed.

European carbon prices shook off the weakest German auction of the year to date to trade slightly above a key technical level that has acted as a fulcrum for the market for the last two weeks, as energy markets were mixed amid continued conflicting pressures.

The rollout of the EU’s Carbon Border Adjustment Mechanism (CBAM) could encourage companies to further engage with decarbonising their supply chain through the process of insetting, said a carbon management platform that helps companies measure and report on their emissions.

Carbon credits from the two Kasigau Corridor REDD avoided deforestation projects can again be delivered into CBL’s N-GEO spot contract, the exchange said Friday, following news that Verra has completed its review of the Kenyan projects that were mired by allegations of sexual offences by staff and improper employment practices.