Carbon Pulse

FREE READ - Dubai will grow in population by the equivalent of a small city as a record number of delegates descend upon the desert metropolis later this month for this year’s COP28 climate summit.

A number of modifications to three of Oregon state’s climate programmes proposed by the Department of Environmental Quality (DEQ) successfully passed, but heard particular concern from the Environmental Quality Commission regarding state regulation of biomethane on Thursday.

California Carbon Allowances (CCAs) and Washington Carbon Allowances (WCAs) both saw rising prices even as volumes traded fell over the week, with market participants largely agreeing that CCAs would remain at a premium after the ARB cap-and-trade informal rulemaking public workshop slidedeck was posted on Wednesday, but were split on the fate of WCAs.

The US federal Environment Protection Agency (EPA) announced on Thursday a string of grants to environmental justice (EJ) initiatives across several states in the Southern US.

The European Commission has published projected EUA auction volumes for 2024, including allowances that will be sold to generate funds for the REPowerEU initiative.

The Egyptian Senate has wrapped up several days of deliberations on whether to establish carbon pricing in the country, with the government approaching handover of its year-long presidency of the UN climate negotiations with little sign of progress on its pledges for the topic.

Countries that set climate targets that depend heavily on the removal of carbon dioxide could be breaking international law given both the uncertainties when it comes to the technology and the potential detraction from making cuts to emissions, according to new research.

The EU has provisionally agreed to update its environmental crimes and sanctions rules, with Parliament and Council negotiators clinching a deal to introduce an updated list of offences and related sanctions.

ICAO’s slow burn in announcing the standard bodies eligible for the next phase of its CORSIA aviation offsetting mechanism may have opened the door for exchange ICE to steal a march in the race to become the dominant hedging instrument provider for correspondingly adjusted carbon credits.

Environmental standard-setter Verra is inviting proposals for a consultant to develop two "pioneering" greenhouse gas accounting methodologies focused on sustainable food systems.

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EU co-legislators reached a provisional deal on Thursday on a bill to enhance the transparency of the bloc's rapidly decarbonising energy market and met for a second time to talk about a related bill for shielding citizens from higher energy prices.

The US Department of Energy (DOE) on Wednesday granted nearly $4.3 million to the Virginia Department of Energy to assess the site feasibility and commercial viability of a CO2 storage hub project in a local county.

A Montreal-based carbon removals developer has announced a Series A funding round of C$75 million ($54.5 mln) to advance its goal of a billion tonne-scale project in Canada.

The EU will extend for 10 years authorisation for the use of glyphosate, the European Commission said on Thursday, exercising its default power after member states failed to agree.

The UN body responsible for guiding which projects may be credited under Article 6 of the Paris Agreement has unanimously agreed to its methodology recommendations after two years of intense discussion, just in time to forward its guidance document to country negotiators at COP28.

A Washington-based company reducing the carbon intensity of feed, fibers, fuel, and fertiliser by converting recycled CO2 has received $5 million in seed funding from four investors, it announced on Thursday.

A company working in precision agriculture helped avoid the loss of 1,216 species worldwide throughout 2022, US-headquartered asset manager Federated Hermes has suggested.

NGOs have said they have “serious concerns” with a text being considered for adoption by member states on the bloc's new legislation aiming to define how to certify carbon removals, they said in a letter published on Thursday.

Some 143 fossil fuel and chemical industry "lobbyists" have registered to attend the global plastic treaty negotiations in Kenya, according to a non-profit concerned that the delegates will exert an undue influence upon the proceedings and force lower ambition.