Carbon Pulse

Multiple forestry groups have launched a judicial review in New Zealand’s High Court seeking an urgent examination on the new per-hectare charges and service fees for foresters in the ETS.

Two of the newer signatories of the Just Energy Transition Partnership (JETP) have been accused of lagging in their commitments but experts believe the Southeast Asian nations have valid and complex reasons for a lacklustre uptake.

Two methane measurement technology companies will carry out pilot studies in collaboration with several shipping companies to tackle methane slips from LNG-fueled ships, the companies involved announced on Monday.

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

In the high-stakes world of forest carbon markets, robust MRV has long been the cornerstone of perceived accuracy and integrity, but new research calls into question the very possibility of achieving reliable measurements in the sector.

Oil major ExxonMobil will not be buying any of Guyana’s forest-generated carbon credits, opting instead to invest in other climate change-mitigating measures in the country, the government said this week.

Washington's Department of Ecology (ECY) reduced the volume of current vintage allowances on offer at its December auction compared to the Q3 sale, while also tendering future vintage allowances, according to a notice published Friday.

Regulated parties saw historic weekly gains in V23 net holdings of California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), while financial players favoured additions in V24s CCAs, but reduced net length in both V23s CCAs and RGGI, and both parties added to their Washington Carbon Allowance (WCA) holdings, according to US Commodities Futures Trading Commission (CFTC) data published Friday.

The US Environmental Protection Agency (EPA) on Friday unveiled a series of actions to accelerate the phasedown of hydrofluorocarbons (HFCs) – the potent greenhouse gases commonly used in refrigeration and air conditioning systems.

The European Commission confirmed on Friday that its carbon management strategy will be published early next year, defying some stakeholder expectations that the plan would be unveiled as soon as next month.

The world’s largest carbon credit standard will ramp up use of digitisation and technologies such as remote sensing, in order to improve transparency for market participants and monitor projects on an ongoing basis, a conference heard this week. 

Former Gabon environment minister Lee White and three other officials of the previous Ali Bongo-led government have been placed under house arrest, according to state media agency Agence Gabonaise de Presse (AGP), heightening current uncertainty around the forest-rich nation's carbon policy.

Sustainable alternative fuels (SAF) should be included on a list of 'strategic technologies' to be given priority treatment as part of the bloc’s clean technology industry bill, a group of EU industry associations said in a joint letter published on Friday.

UK-based Biodiversity Futures Initiative (BFI) aims to provide scientific robustness to biodiversity credit projects and certifications, so buyers have confidence in outcomes and the projects have a greater impact on nature.

Voluntary carbon credit projects in India do little to help local people or the climate and may even lead to more greenhouse gas emissions, researchers said in a report published this week following extensive site visits and stakeholder interviews.

Biodiversity credits have a slim chance of becoming a global market larger than the voluntary carbon markets, according to an executive at a global carbon and biodiversity credit firm.

The oil firm run by the head of COP28, Sultan Al-Jaber, is on course to increase emissions from its oil and gas operations by more than 40% by the end of the decade compared to 2023, an international NGO has calculated in a report published this week.

EUAs traded flat across the morning in a thin range as they remain on course to chart a weekly loss, with gas cited as the main driver, while UK prices gained in response to the government's auction schedule publication.

A recently launched environmental commodities asset management firm in India says the emerging market for plastic credits holds great promise for the South Asian nation, despite regulatory developments restricting market potential.

Malaysian state oil giant Petronas has signed a Memorandum of Cooperation (MoC) with Japanese government bodies to explore carbon capture and storage projects and the transboundary movement of liquified CO2.