Carbon Pulse

A Virginia state regulator granted utility Dominion Energy’s request to withdraw a RGGI rider reinstated last year to recoup programme costs following the state’s withdrawal from the Northeast carbon market at the end of 2023.

Governments could put the world on track to nearly triple emission reductions by 2035 compared to the current trajectory, if their updated Paris Agreement pledges take in account current technological progress, existing national policies, and the commitments made in Dubai last year, according to research published on Monday.

The European Parliament elections delivered their verdict on Sunday evening, with hardline conservatives and the far-right making strides as expected, leaving the Greens and nationalist groups as potential kingmakers during open-ended talks opening now to form a new EU executive.

Ratings service Renoster has launched an open-access database containing detailed geospatial boundaries of 575 nature-based carbon projects, aiming to enhance the transparency and accountability of offsetting efforts globally.

Speculators were the only group buying California Carbon Allowances (CCAs), while traders reduced net length across the rest of North American carbon markets as prices in the secondary market retraced, according to weekly data from the US Commodity Futures Trading Commission (CFTC).

Verified emissions in the UK ETS fell by 12.5% in 2023, the government announced late Friday, with the decrease in output driven by a steep fall in emissions from power generation, even as output from aviation rose for the third successive year.

The emissions from the war in Gaza are still higher than the annual GHG output of tens of countries, according to a study published Friday.

A price between $150 and $200 per tonne should be the “ultimate” cost goal for the direct air capture (DAC) industry, according to the CEO of a large developer.

During the European Parliament election campaign, some candidates from conservative and far-right groups have vowed to dismantle the Green Deal and related EU climate legislation. However, undoing five years of legislative work won't be that simple, analysts say.

Article 6 negotiators look to be making progress on the technicalities of international carbon trade rules during a crucial UN climate conference in Bonn this week and next, with observers describing the mood in talks as constructive and certain factions appearing open to compromise on key sticking points.

Investors and startups in the carbon and clean tech have offered an optimistic near-term outlook for funding in the sector, despite persistent macroeconomic challenges that have hindered global venture capital flows last year.

The Q2 RGGI auction cleared at a new all-time high beyond market expectations, with compliance winning more than a two-thirds share of permits offered in the sale, results posted Friday showed.

A tool for investors to measure the biodiversity impacts of investments, initially using the Potentially Disappeared Fraction of species metric (PDF), has been launched by New York-based investment research company MSCI.

Current commitments for low-carbon hydrogen production in the EU and UK are nowhere near enough to hit their stated 2030 goals, a think-tank has warned.

Voluntary carbon market rating agencies have called into question whether some credits deemed eligible to be tagged with the Core Carbon Principles (CCP) high-integrity label by the ICVCM can actually deliver a tonne of CO2 avoidance or removal, a key principle of the cross-stakeholder stakeholder initiative.

Despite unexpected external events – from Covid-19 to the war in Ukraine – the EU stayed the course on climate action during the past five years, delivering steeper-than-ever reductions in CO2 emisssions while ramping up the deployment of renewables and other clean technologies to meet its climate goals.

The UK is on track to miss its 2030 target for offshore wind power generation by 18 years and needs to triple its installation rate in order to catch up, according to research published on Friday.

UK imports of products made with electricity - such as aluminium and steel - could become more expensive when the country introduces its carbon border adjustment mechanism, even though its coverage is limited to indirect power emissions rather than direct power imports, according to new analysis by the London Stock Exchange Group (LSEG).

The biodiversity data gap must be closed before we start talking about using artificial intelligence (AI) in conservation work, as we don't have the infrastructure for training the machine-learning models yet, a data expert told Carbon Pulse.

European carbon prices settled into a narrow trading range on Friday morning as activity across all markets appeared to diminish, with EUAs moving between the key June call options strike prices and expected to continue to do so in the short term.