Carbon Pulse

It is Day 13 of COP28 – the final day, or so those at Expo City desperately hope, and no one quite knows what to say. The last 24 hours have been a rollercoaster of action and widespread, bitter disappointments among vocal negotiators regarding the global stocktake (GST), Article 6 negotiations, adaptation, and virtually every issue on the table here in Dubai. The venue is eerily empty as country pavilions and observers are forced to vacate the premises, turning what was the equivalent of a small city into a ghost town. Those who remain are girding themselves for a long and strenuous day. Carbon Pulse correspondents have hit the ground running. In our daily blog, we will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

Australia and the UK have committed £10.5 million ($13.1 mln) to initiatives for companies to research, develop, and launch renewable hydrogen projects focusing on the industrial and transport sectors, they announced Tuesday.

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

Several stakeholders joined the Massachusetts Department of Environmental Protection's (DEP) community meeting on the draft Clean Heat Standard (CHS) to condemn compliance obligations for propane suppliers.

Pursuant to a draft request for amended legislation to facilitate linkage with California and Quebec’s carbon market, Washington’s Department of Ecology (ECY) proposed on Monday a slew of further updates to its cap-and-invest rulemaking amendments.

A group of scientists has called for a retraction of research published earlier this year that called into question the climate impact of some  REDD forest protection projects, saying it contained “major flaws.”

A US direct air capture (DAC) technology firm announced Monday that it had used Department of Energy funding to design a system with the potential to capture 1 million tonnes of carbon per year.

The US Department of the Interior has announced new initiatives to employ nature-based solutions through strategies designed to preserve biodiversity, enhance resilience against natural disasters, and support climate adaptation.

RGGI Allowance (RGA) values soared to new year-to-date (YtD) highs with a step up in secondary market volumes traded through a mid-week Q4 auction that triggered additional sale volume.

The Turkish ETS will not initially be open to non-compliance players and will feature a rising emissions cap rather than a decreasing one, the head of the government’s carbon pricing department told Carbon Pulse on the sidelines of COP28 in Dubai.

A US project developer and the African Union Development Agency (AUDA) have penned partnerships with two African countries that call for millions of hectares of land to be restored, with as much as 3 billion tonnes of CO2 to be sequestered over the next half century.

More than 50 institutions on Monday called on the US Congress to make amendments to the federal CO2 sequestration tax credit in upcoming legislative proposals.

Bargain hunting dominated the voluntary carbon market (VCM) last week where activity started to slow down for the year, despite the emergence of the first correspondingly adjusted credits that are expected to create a new tier of trading.

Carbon credit rating agencies risk undermining financial flows by grading projects in a fragmented and retroactive way, developers have outlined in a paper that takes aim at the companies that have judged much of their work as poor in recent years.

Puro.earth’s carbon removals standard has proposed changes to enable it to gain the ICVCM’s CCP integrity label and be eligible for use in the CORSIA international aviation offsetting scheme.

Voluntary market certifiers Gold Standard and Verra have partnered with Singapore to develop a playbook for standard operating procedures for countries active in the Paris-era carbon market, they announced Monday.

Carbon capture and storage (CCS) is nothing more than a fig leaf designed to keep fossil fuel industries booming and polluting according to a panel on the sidelines of COP28 in Dubai.

Colombia, Kenya, and France on Monday said they will launch an expert review of the relationship between, debt, nature loss, and climate change in a bid to better position nations to solve the three major crises.

A series of several ambitious, but achievable, changes could transform Brazil's climate and economy, but more robust efforts are needed, attendees heard from an expert panel discussion on the launch of a report at COP28 Monday.

Chile has signed an implementation agreement with Switzerland under Article 6 of the Paris Agreement, as it crafts domestic frameworks and consults with local stakeholders in preparation for the global carbon market, an official told a side event at COP28.