Carbon Pulse

European allowance prices were little changed at the end of Thursday morning as the market continued to look for direction despite the growth in speculative traders' net short positions revealed on Wednesday, with energy prices rising on a combination of colder weather and lower renewable generation.

The Indian government on Wednesday released draft rules for its planned compliance carbon market, eyeing an intensity-based scheme rather than one with an absolute cap on greenhouse gas emissions.

China’s Cofco and Mengniu Group have announced the first Chinese deal to import deforestation-free soybeans from Brazil, with the agreement facilitated by the World Economic Forum’s Tropical Forest Alliance.

An Estonia-based nature startup has published a forest-focused biodiversity metric that it says will help companies assess their impact on biodiversity and finance nature protection.

Australian Prime Minister Anthony Albanese has confirmed his country will commit cash to a Pacific Island-focussed funding facility for climate change adaptation and mitigation work, as observers urged rich nations in the region to uphold and increase their climate commitments. 

Australia has signed a Memorandum of Understanding (MoU) with the US to use its Environment Protection Agency to inform the establishment of Australia’s own federal environment watch dog.

There are not enough carbon projects that meet the airline industry's offset requirements to meet the aviation sector's demand, a Southeast Asian airline company has said.

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

Scaling up its nascent CO2 removal industry could be pivotal to Canada meeting its long-term climate targets and is predicted to bring with it substantial economic benefits including some 330,000 new jobs and a $143-billion boost in GDP by 2050.

The technology gap between the private sector and regulators could create a data mismatch, despite advancements in digital measurement, reporting, and verification (dMRV), a conference heard Wednesday.

Japanese oil and gas firm Inpex plans to generate and sell carbon credits from its Abadi LNG carbon capture and storage project in Indonesia, a conference heard Wednesday.

Ducks Unlimited has partnered with two other US-based organisations to launch a collaborative initiative to reforest over 3,000 acres of land in the Mississippi River Valley, focusing on restoring bottomland hardwood forests and capturing an estimated 400,000 tonnes of CO2 over the next four decades.

A Sydney-based carbon fund manager has appointed a new CEO to oversee a A$100-mln fund to earn Australian Carbon Credit Units from premium environmental plantings.

California compliance offset issuances almost doubled compared to ARB's prior distribution, once again surpassing last year's pace, state data published Wednesday showed, although no new issuances were tagged with direct environmental benefits to the state (DEBs), resulting in record high premiums for DEBs-tagged units.

A US-headquartered voluntary carbon standard and registry this week announced the acceptance of credit applications under its newly-developed methane capture and reclamation protocol.

An expansive study by the Natural Resources Institute Finland (LUKE) has shed light on the varying carbon stocks within dry heath forest ecosystems across the country, highlighting a stark contrast between northern and southern regions as well as between pine- and spruce-dominated forests.

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A coalition for carbon management has put forward safety-focused proposals to scale the CO2 pipeline infrastructure, while reviewing the sector’s safety record.

New Zealand dairy co-operative Fonterra announced Thursday it is targeting a 30% intensity reduction in on-farm emissions by 2030, as a coalition of the country's business leaders have said they are doing the heavy lifting to reduce emissions in the country.

A Los Angeles-based startup has initiated a groundbreaking commercial pilot project in California, which it said is introducing the world’s first water-positive CO2 removal system.