Carbon Pulse

The biggest business group in Japan has demanded the government makes major changes to the Joint Crediting Mechanism (JCM), including involving more partner countries and project types, increasing project co-funding, and making it easier and more attractive for private companies to participate.

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

GHG output under the California cap-and-trade programme declined in 2022, falling year-on-year in every sub-sector, according to data published Monday, with annual emissions slipping below trader expectations.

An analysis of over 1,000 publicly listed companies worldwide shows that only one in 20 discloses quantified plans on how they will meet their greenhouse gas targets, a leading British university’s research centre found.

A London-based environmental products trader has left commodities trading house Mercuria to join rival Hartree Partners, Carbon Pulse has learned.

A non-binding motion brought forward by federal Conservative Opposition Leader Pierre Poilievre calling on the Liberal government to exempt its carbon pricing relief for all forms of home heating failed Monday in Parliament.

A US district judge dismissed a natural gas-fired power producer’s legal challenge to Washington state’s cap-and-trade programme, effectively closing the case following nearly a year of judicial proceedings, court documents showed Friday.

Your great grandfather and grandmother knew that age-old farming practices that had been handed down through generations, such as planting cover crops and using diverse crop rotations, resulted in healthy soils, resilient crops, and a sustainable farm business. What they didn’t know, or certainly weren’t as concerned about 100+ years ago, was how these sustainable practices are also critical in sequestering carbon from the atmosphere and making farms more resilient to the impacts of climate changes and extreme weather.

RGGI allowances (RGAs) broke a record settlement price for the benchmark contract over the previous week before receding slightly, as the Cost Containment Reserve (CCR) trigger continued to restrict prices and Pennsylvania's absence from the programme was confirmed.

A national dairy farmer cooperative received $22.9 mln for a project to cut down on methane emissions by implementing advanced feed additives in 50 operations, incorporating carbon credits sales into the product value chain, and demonstrating climate neutrality on dairy farms.

Nature-based standardised carbon credit prices suffered another hammer blow last week after certifier Verra suspended issuance and launched an investigation into another REDD project, although the news came too late to gauge the impact on the wider avoided deforestation sector.

The EU agriculture sector should be covered in an EU ETS-inspired market that rewards least polluting farmers, Denmark's climate and energy minister Lars Aagaard said in an interview.

European domestic and inter-regional airlines are under threat from punitive emissions regulations and changing customer perceptions around short-haul flights, and risk becoming economically unviable depending on the speed at which net zero technologies become available, an airline executive told a conference on Monday.

The Turkish minister of energy and natural resources has said the country's ETS will be put into operation next year, according to domestic media reports, and will be run by the electricity and natural gas market operator.

Brunei Darussalam’s government is set to propose a carbon pricing roadmap this week, with the oil producing nation likely to favour a voluntary approach initially, a senior official told a conference on Monday.

The UK government is set to put into law annual licensing rounds for offshore oil and gas production, the Department for Energy Security and Net Zero has announced, provided tests are met that ensure facilities “support the transition to net zero”.

Canada’s federal government, the province of British Columbia (BC), and the First Nations Leadership Council have signed off on a shared approach to implementing habitat restoration and species-specific actions in the province.

The number of publicly-listed companies setting a net zero emissions target has risen by 40% compared to a little more than a year ago, according to a global analysis published on Monday by a research consortium that includes the UK's University of Oxford, but only 4% of these targets are aligned with the Paris Agreement.

European carbon permit prices dropped to a new one-year low on Monday morning as traders continued to build short positions, while energy markets extended their recent losses as the demand outlook remained moderate amid warm weather and high gas storage levels.

The UK government is due to announce later on Monday a support package to convert the nation’s remaining coal-based steelmaking to run on electricity, public broadcaster BBC reported.