Carbon Pulse

Canada unveiled plans on Thursday for a cap-and-trade system for its oil and gas sector, with the government aiming to introduce reporting requirements from 2026 and setting out a 2030 emissions cap but giving no clear indication on when the market would launch.

A pact has been launched at COP28 to address biodiversity, climate and pollution with the goal of slowing down ship speeds globally by 25% by 2030.

Democrat lawmakers on Wednesday reintroduced a bill for the US to impose a carbon border adjustment mechanism (CBAM) on energy-intensive imports to help cut CO2 emissions and protect domestic manufacturing, only a month after Republicans put forward similar proposals.

Rwanda will take a share of carbon credits rather than a share of the profits generated from Article 6 projects that will be correspondingly adjusted (CA) against the country’s NDC climate pledge, it was revealed Thursday by a cookstove developer in the advanced stages of such a deal.  

Private landowners are increasingly pushing for the EU to clarify how and to what extent Other Effective area-based Conservation Measures (OECMs) will be part of the bloc’s biodiversity strategy, a European Commission official told a webinar this week.

The perceived injustice of industrialised countries propping up their own clean technology industries with protectionist measures and subsidies is being seized on by emerging economies as a negotiating chip that is complicating COP28 UN climate talks in Dubai, sources at the summit told Carbon Pulse.

EU nations on Thursday adopted a unified position on the Net Zero Industry Act, advancing the bloc's proposed response to green industry legislation worldwide and in particular the US Inflation Reduction Act.

Australia’s two largest oil and gas companies confirmed Thursday they are in talks about a potential merger that would create a massive exploration and production major.

Two Australian carbon project developers are partnering with a research group that will soon bid for government funding, the former announced this week.

European carbon was steady on Thursday morning after bears beat back an effort to boost prices in mid-morning after a modestly bullish auction outcome, while energy markets were firmer for a second day as weather forecasts showed slightly lower temperatures in the offing.

Governments and the private sector must improve incentives to invest in nature to help bridge the financial gap, accounting firm KPMG has said.

A new study has found that calcium oxide (CaO) derived from eggshells can effectively remove CO2 from biogas and boost its value as an energy fuel while reducing its impact on atmospheric greenhouse gas levels.

The Australian government has announced it will contribute A$150 million ($98 mln) to two climate mitigation and adaptation funds, as it seeks to support its Pacific Island neighbours at the UN talks in Dubai.

Researchers say they have made a significant step towards understanding the complex role of tropical forests in Earth's climate system, shedding light on reconciling varying estimates of carbon flux that will allow nations to more accurately evaluate their emissions mitigation efforts.

Indonesia has approved a revised plan for the Abadi LNG project, which aims to be the first to offer carbon credits for carbon capture and storage in the Southeast Asian country.

A private Ontario-based nuclear company released Wednesday what it claims to be the industry's first carbon credit methodology for nuclear power generation at COP28 in Dubai.

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

More than £900 billion in public and private investment could be needed to ensure the UK's energy supply achieves net zero by 2050, requiring strong commitment and collaboration from banks, investors, government, and energy companies, according to a report published on Thursday.

An Abu Dhabi-based wealth management firm is launching a $250-million fund to invest in carbon credits.

The Canadian federal government confirmed on Wednesday that its long-awaited oil and gas emissions policy will come in the form of a cap-and-trade system, beginning in 2026.