Carbon Pulse

The UK’s Transition Plan Taskforce (TPT) on Monday unveiled its ‘gold standard’ Disclosure Framework to guide large corporations around presenting their climate transition plans, in alignment with globally recognised reporting frameworks and standards.

European carbon prices made modest gains on Monday morning amid a sharply higher energy complex after a weekend of rising geopolitical tensions in the Middle East and renewed threats of Australian LNG strikes, as a persistently gloomy macroeconomic outlook appeared to dampen the impact of short-term security concerns.

Japan's main bourse is set to begin trading domestically issued carbon credits later this week as the world's third-biggest economy will finally see a domestic emissions market established, though possible liquidity drainage and unclear definitions of high-quality credits mean expectations are sober, observers told Carbon Pulse.

Saudi Arabia will formally launch a carbon crediting scheme early next year that will allow corporates to offset emissions by buying units compliant with Article 6 of the Paris Agreement, the energy minister confirmed at a UN summit Monday.

Singapore has offered more clarity on what kind of international carbon credits will and will not be allowed under new rules to allow international carbon credits under its carbon tax.

The Beijing municipal government will auction 500,000 carbon allowances under its pilot emissions trading scheme (ETS) later this month, aiming to help companies acquire the allowances they need for compliance.

A conservation group wants the Australian government to purchase Australian Carbon Credit Units (ACCUs) that consider environmental, social, and cultural co-benefits, rather than lowest cost abatement, it said in a recent submission.

Multiple forestry groups have launched a judicial review in New Zealand’s High Court seeking an urgent examination on the new per-hectare charges and service fees for foresters in the ETS.

Two of the newer signatories of the Just Energy Transition Partnership (JETP) have been accused of lagging in their commitments but experts believe the Southeast Asian nations have valid and complex reasons for a lacklustre uptake.

Two methane measurement technology companies will carry out pilot studies in collaboration with several shipping companies to tackle methane slips from LNG-fueled ships, the companies involved announced on Monday.

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

In the high-stakes world of forest carbon markets, robust MRV has long been the cornerstone of perceived accuracy and integrity, but new research calls into question the very possibility of achieving reliable measurements in the sector.

Oil major ExxonMobil will not be buying any of Guyana’s forest-generated carbon credits, opting instead to invest in other climate change-mitigating measures in the country, the government said this week.

Washington's Department of Ecology (ECY) reduced the volume of current vintage allowances on offer at its December auction compared to the Q3 sale, while also tendering future vintage allowances, according to a notice published Friday.

Regulated parties saw historic weekly gains in V23 net holdings of California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), while financial players favoured additions in V24s CCAs, but reduced net length in both V23s CCAs and RGGI, and both parties added to their Washington Carbon Allowance (WCA) holdings, according to US Commodities Futures Trading Commission (CFTC) data published Friday.

The US Environmental Protection Agency (EPA) on Friday unveiled a series of actions to accelerate the phasedown of hydrofluorocarbons (HFCs) – the potent greenhouse gases commonly used in refrigeration and air conditioning systems.

The European Commission confirmed on Friday that its carbon management strategy will be published early next year, defying some stakeholder expectations that the plan would be unveiled as soon as next month.

The world’s largest carbon credit standard will ramp up use of digitisation and technologies such as remote sensing, in order to improve transparency for market participants and monitor projects on an ongoing basis, a conference heard this week. 

Former Gabon environment minister Lee White and three other officials of the previous Ali Bongo-led government have been placed under house arrest, according to state media agency Agence Gabonaise de Presse (AGP), heightening current uncertainty around the forest-rich nation's carbon policy.

Sustainable alternative fuels (SAF) should be included on a list of 'strategic technologies' to be given priority treatment as part of the bloc’s clean technology industry bill, a group of EU industry associations said in a joint letter published on Friday.