Carbon Pulse

Buyers of Article 6-aligned carbon credits are shying away from nature-based units amid lingering quality concerns, officials have told the ongoing Asia Pacific Climate Week in Johor Bahru, Malaysia.

Germany’s Federal Constitutional Court of has ruled that a 2021 government budget act, which redirected €60 billion initially borrowed to address the COVID-19 pandemic towards climate and energy measures, is unconstitutional and therefore void.

The UK government's £20 billion carbon capture and storage (CCS) policy is not consistent with the country's net zero targets, while over three-quarters of planned capacity in 2030 is set to come from projects that require long-term fossil use, according to a report from an international think-tank published on Wednesday.

Japan's green transformation (GX) initiative is misaligned with UN's guidance on climate policy, especially given the country's slow regulatory progress in carbon pricing, a think tank has said.

Oil production rose 320,000 barrels per day in October, propelling global supply to a record 101.8 million barrels of oil per day (bopd) and supply will reach historic levels this year and grow further next year, according to the International Energy Agency (IEA).

The New South Wales state government has released draft guidelines for wind projects, deeming almost the entire state as “less suitable” for wind farms, sparking shocked reactions from the industry.

EU co-legislators in the early hours of Wednesday morning agreed a provisional deal on rules that will limit methane emissions from the energy sector, including a clause hard-fought from the Parliament to extend the rules to energy imports in three years.

A developer of clean cooking projects is the first to be issued with carbon credits aligned with Paris Agreement Article 6 on the Gold Standard registry, with an African nation agreeing to correspondingly adjust for those credits on its own emissions tally in order to prevent double counting of the emissions reductions.

The US and China, the world's two largest GHG emitters, have agreed to jointly tackle global warming through multiple initiatives including large-scale CCUS projects and ensure their 2035 climate targets will include all GHG emissions, they announced Wednesday.

The carbon-focussed and environmental arm of a major investment bank is calling for collective philanthropy to invest in Southeast Asian blue carbon systems in a bid to slow and reverse the rapidly disappearing mangrove systems in the region.

A South Australian biochar company has received an A$11 million ($7.1 mln) loan from its parent company to fund the purchase of pyrolysis plants for its carbon removal project.

A biomass carbon removal and storage company has topped $5 million in seed funding, which it says will bolster its efforts to deploy scalable carbon dioxide removal (CDR) technology in the Black Sea.

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

The Washington Department of Ecology (ECY) on Tuesday presented its considerations to expand the scope of offset projects under the state's cap-and-invest programme as rulemaking approaches.

A climate tech startup backed by computing legend Bill Gates claims it can permanently remove billions of tonnes of CO2 from the atmosphere for more than a millennium at a cost under $100 per tonne.

The US is experiencing a rapid escalation in climate change impacts, with the threat of worsening consequences that will affect human health, key infrastructure, and the economy while sparing no region, according to a comprehensive report published Tuesday.

With a slidedeck for the California regulator's cap-and-trade programme public workshop set to release half an hour after the upcoming fourth quarter carbon allowance sale, WCI market participants deliberated on whether the ARB's release would affect bids at Wednesday's auction.

Prime Minister Justin Trudeau’s decision to temporarily exempt home heating oil from carbon pricing has only amplified existing dissent with the Liberal government’s approach to reducing greenhouse gas emissions, and introduces uncertainty to the future of Canadian climate policy, experts say.

A suite of legislation passed in California mandating disclosure of Scope 1-3 emissions and climate-related financial risk for large companies, as well as standardised requirements for voluntary carbon market participants, sets the stage for high-quality climate action from the private sector, a panel of experts discussed Tuesday.

The WCI-linked cap-and-trade and Washington cap-and-invest 2024 auction floor prices were set unofficially as October inflation held unchanged month-over-month for the first time all year, according to federal data published Tuesday.