Carbon Pulse

Companies and non-EU governments impacted by the EU’s carbon border adjustment mechanism (CBAM) said the legislation is forcing them to disclose 'trade secrets' about their supply chains, and that the lack of regulatory detail is hindering their ability to prepare, an event in Brussels heard on Wednesday, as a Turkish official confirmed that the nation plans to launch an ETS next year.

The first forward purchase agreement has been signed for carbon credits for avoiding the creation of contrails, a form of non-CO2 pollution created by flying, though some airlines remain hesitant about the climate impacts even as initial regulations loom.

Virginia Democrats are on track to hold the state Senate and win back the House of Delegates following Tuesday's legislative election, putting the brakes on Governor Glenn Youngkin's (R) agenda.

Five free-to-access mapped datasets to help companies understand the land, carbon, and biodiversity impacts of their agricultural supply chains have been launched by data agency Vizzuality.

Five companies have been named as early adopters of the VCMI’s code on making credible claims about voluntary carbon credit use, the cross-stakeholder body said on Wednesday.

Asset manager Fidelity International plans to expand its range of sustainable strategies to cover nature-related themes including oceans and water.

An environmental consultancy has developed a “rigorous” crediting methodology to quantify and verify CO2 removals achieved using marine microalgae.

European carbon prices recovered from early lows after the weekly Commitment of Traders data showed investment funds have amassed the largest total short position in two years and the largest-ever net short position, but the scale of the reaction left many participants still unsure about which way prices are likely to move.

A potential environmental game-changer, agroforestry has so far been overlooked and under-incentivised according to a US farming group, but the upcoming farm bill is an opportunity to switch up the rules.

A British energy company has teamed up with a carbon market digital infrastructure provider to facilitate the sales of credits to its customers, including those generated from its own projects.

Fewer than half of the CO2 allowances on offer at Wednesday’s South Korean auction were sold, as demand remains dim amid oversupply and regulatory uncertainty.

Worsening climatic conditions leading to carbon credit issuances failing to materialise has been labelled a key risk that is being overlooked by the Australian carbon market, according to analysis released this week.

Japan will issue its first climate transformation bond next year to drive decarbonisation of five key sectors and enable public-private partnerships, and ultimately not just drive its own decarbonisation but much of Asia’s.

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

The world is still on track to produce more than twice as much fossil fuel in 2030 than would align with the Paris Agreement to curb global warming, and unless governments tackle this by collaboratively phasing out production the gap will only widen, a UN-backed report warned on Wednesday.

Representatives from climate groups and electricity utilities continued to provide feedback to California regulator ARB regarding changes to the state's cap-and-trade regulations, while a petroleum association opposed increased programme stringency.

Australia’s Woodside Energy has made incremental progress on its CCS ambitions, but its investor briefing day held Wednesday offered little new in terms increased progress or ambition on its climate and decarbonisation goals.

Chinese regulators have released an action plan for the country to better tackle methane emissions, outlining several policy tasks including the utilisation of the domestic voluntary carbon market, despite a lack of substantial targets.

EEX’s European carbon trading volumes nearly doubled in October compared to a year ago after the exchange implemented a new market-maker programme that it said has had a positive impact.

BlackRock and US-based energy firm Occidental have teamed up to develop the world's largest direct air capture (DAC) facility, with the global investment giant channelling $550 million of client funds into the project.