Carbon Pulse

RGGI Allowance (RGA) prices receded from recent record highs with market participants framing positions ahead of next week’s second quarterly auction for the year.

A California state senate bill on 'durable' carbon dioxide removals (CDR), initially passed in 2023 but currently in revisions after failing to obtain Democratic Governor Newsom’s approval, has faced its strongest opposition from environmentalists who favour nature-based CDR, according to the aide who authored it.

The US Department of Energy (DOE), which will ultimately purchase $35 million worth of carbon dioxide removal (CDR) credits from project developers, announced the 24 awardees selected in its first phase of funding on Tuesday.

Giant voluntary carbon project developer and consultancy South Pole has appointed a former insurance heavyweight as the new chair of its board, with the move part of the Swiss-headquartered company’s business transformation plans.

A partnership between a clean cooking project developer and a carbon investor is prioritising countries that are ready to issue letters of authorisation (LOA) for the roll out of its new cookstoves, given the growing demand for Article 6-aligned credits.

The meat and livestock industry has been using fossil fuel companies’ techniques to erode EU efforts to address rising emissions from the sector, according to a new report by a climate non-profit.

Investment in the voluntary market will need to treble by 2030 to meet the ramp up in demand from the corporate sector, a webinar heard Tuesday.

A lack of carbon removal (CDR) regulation in emerging economies of the Global South is restricting the scale-up of new technologies, a research paper has found.

Acknowledging the potential of voluntary carbon credits in supporting global decarbonisation efforts, the US issued on Tuesday a joint policy statement and associated integrity principles for stakeholders and the government to aid the development of the market.

Economic policy assessments should incorporate the monetary value of the benefits that people derive from ecosystems, an EU Commission study has said, calling for establishing a separate indicator to complement the conventional gross domestic product (GDP).

Stockholm Exergi, a Swedish firm that received €180 million from the EU to build the bloc’s first bioenergy with carbon capture and storage (BECCS) plant, says the EU’s green claims directive got off to the wrong foot, and suggests a way forward.

Ireland's largest private forestry management group is set to pilot a monitoring framework for measuring biodiversity gains on a replanting project, as it considers issuing biodiversity credits in the future.

European carbon prices dipped moderately on Tuesday morning amid general weakness in the energy complex, further reinforcing the correlation between EUAs and natural gas prices even as the month neared its end and hedging of TTF options positions appeared to be over.

Activist shareholder group Market Forces, which was among those standing up to give Woodside Energy a black eye over its failed climate plans at its April annual general meeting, said Tuesday Australian superannuation funds have increased their exposure to fossil fuel companies despite net zero target dates of 2050.

Malaysia has committed to protect 50% of its natural forests but deforestation is posing a serious threat to around 3.2 million hectares of its rainforests, a report released Tuesday has found.

A US university has teamed up with a climate tech start-up to launch an initiative that uses carbon credits to scale the adoption of sustainable rice production practices, while reducing methane emissions by 50%.

A carbon project developer has secured funding from a group of climate finance investors to fund the first phase of its ARR project in South Africa that can generate more than 30 million carbon credits during its lifetime, it announced Tuesday.

A mandated 55% emissions cap for Canada’s oil and gas sector by 2035 would entail lower production and a C$247 billion hit to GDP, according to a study commissioned by a fossil fuel industry trade group.

Investing carbon tax revenues into public projects rather than returning them to taxpayers leads to greater economic growth, according to a report released on Monday.

A carbon capture and storage (CCS) bill awaits Illinois Governor Jay Pritzker's (D) signature to become law, and appears to have adopted language from a slew of CCS bills covering pore space ownership, emergency management, and sequestration fees.