Carbon Pulse

Singapore and Zambia Tuesday signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.

Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.

Emissions from transportation fuel and gas supplied rose year-on-year in 2023, even as overall GHG output under the California cap-and-trade programme continued a declining trend led by industry and power sub-sectors, according to data from the regulator.

Washington state’s Department of Ecology (ECY) on Monday highlighted upcoming cap-and-trade changes as a linkage bill takes effect beginning 2025, including an increase in allowance purchase limit at the quarterly auctions, offsets, and electricity imports.

A US-based ocean carbon removal startup has announced a series of leadership appointments aimed at accelerating the deployment of its carbon capture technology.

A carbon capture and storage (CCS) developer announced on Monday that it received a $26 million grant as part of the US Department of Energy's (DOE) CarbonSAFE Phase III programme, to advance a storage hub in Louisiana state waters.

RGGI Allowance (RGA) prices retreated on lighter market activity amidst anticipation of additional announcements regarding the ongoing Third Program Review.

A biochar developer expects to issue 200,000 credits a year, certified by Puro.earth, by 2027.

COP29 has been sending mixed signals to the voluntary carbon market, with concerns that the keen focus on Article 6 credits would overshadow the sector in future.

Europe’s LNG imports generate a third more emissions than accounted for in the EU’s green shipping law, according to a new report released on Monday.

Norway and Benin on Sunday signed a bilateral Article 6 agreement at COP29, according to a government press release.

Four national carbon market associations have signed a Memorandum of Collaboration (MoC) at COP29 in Baku to advance regional cooperation within the Association of Southeast Asian Nations (ASEAN).

The Peruvian government on Monday detailed next steps for operationalisation of its National Registry of Greenhouse Gas Mitigation Activities (RENAMI).

A second Trump administration is set to redirect US energy policy, moving away from net-zero emissions targets and introducing significant shifts in trade and regulatory frameworks, according to consultancy Wood Mackenzie.

A provision that "encourages" scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.

Denmark has approved the world's first emissions tax on agriculture, to help achieve its legally-binding target to reduce emissions 70% by 2030 on 1990 levels.

Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.

The European Union is risking its influential role in global climate diplomacy, as UN negotiations for the so-called 'finance COP' enter second week in Baku with the bloc not yet committing publicly to a specific contribution figure.

The EU’s carbon border adjustment mechanism (CBAM) is adding tensions to already difficult negotiations at COP29 in Baku, with top government officials telling Carbon Pulse that the European Union should be more flexible with the policy.

The Biden administration announced a raft of new initiatives Sunday that will increase funding for forest conversation and restoration in the Brazilian Amazon, including the launch of a coalition that aims to mobilise at least $10 bln by 2030.