Carbon Pulse

Carbon credit certifier Gold Standard has partnered with the intergovernmental body Global Green Growth Institute (GGGI) to deliver a policy crediting framework than would enable country-to-country emissions trade at scale under Article 6 of the Paris Agreement.

European carbon rose for a seventh day on Thursday, setting a new two-month high as natural gas prices roared higher amid continued short covering after the Netherlands announced that a major gas field will be closed later this year.

The European Parliament's environment committee (ENVI) narrowly defeated a move to fully reject the highly disputed nature restoration bill on Thursday, but its full position is yet to be established because the voting process was suspended after several hours due to a lack of time.

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The European Commission has included biodiversity offsetting in its taxonomy of what counts as a sustainable investment, against the recommendations of the body advising the EU executive on green taxonomy rules.

Growth in China’s thermal power generation accelerated in May, outpacing the growth of total power output amid expanded coal production, despite the slower-than-expected economic recovery, government data showed Thursday.

The global steel industry could achieve net zero emissions by the early 2040s without risking stranded assets from existing coal-based blast furnaces, according to a new study by two European think-tanks. 

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

The Africa Climate Mobility Initiative (ACMI) and the Mozambique government this week launched a scheme aimed at integrating the country into global carbon markets and fostering sustainable economic growth.

A Singapore-headquartered decarbonisation SaaS platform operator is aiming to make a foray into the Japanese market through strategic partnerships with local and international companies, lining up several major firms for a partnership, it announced Thursday.

An appeals court in Peru has unexpectedly overturned a landmark ruling that would have given an Indigenous community there the right to reclaim ancestral rainforests in the Cordillera Azul National Park, which has been registered as a REDD+ project.

Miner BHP has picked three projects to support via its blue carbon grants programme in a bid to help drive marine emissions cuts across Australia and develop blue carbon methodologies for the domestic carbon market.

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Quebec distributed more compliance offsets than WCI partner California this week, as a plunge in the Golden State's issuances lined up with one of the few yearly allocations by La Belle Province, according to government data published Wednesday.

California regulator ARB discussed potential scenarios of raising the Allowance Price Containment Reserve (APCR) tiers and ceiling prices in addition to modelling increased stringency of the cap-and-trade programme at a webinar on Wednesday, adding that formal rulemaking could begin as early as this year.

The EU's panel of climate science advisors has recommended that the bloc set a 2040 greenhouse gas emissions reduction goal of 90-95% below 1990 levels in upcoming legislation, an interim goal that would hinge largely on the rapid decarbonisation of the power sector.

The Nova Scotia carbon auction this month sold all allowances at the scheme’s floor price, with the Canadian province’s largest utility not having qualified after receiving millions of extra free permits this spring, according to results published Wednesday.

US biofuel credit (RIN) prices will continue to face pressure if the EPA does not hike the next three years’ worth of Renewable Fuel Standard (RFS) quotas in an upcoming final rulemaking, a major investment bank said Tuesday.

Rio de Janeiro Mayor Eduardo Paes this week signed legislation to reduce costs for firms utilising voluntary carbon credits and position the Brazilian city as a centre of the green economy.

The British Columbia government on Tuesday put the province’s fuel switching offset protocol (FSOP) under review because emissions reductions under the methodology may no longer be additional to business-as-usual practice.