Carbon Pulse

A Brazil Senate committee on Wednesday by a unanimous vote approved cap-and-trade legislation supported by President Luiz Inacio Lula da Silva, and in the process incorporated a number of amendments to secure agricultural sector support and enshrine a timeline for compliance obligations to begin.

The UN Framework Convention on Climate Change (UNFCCC) secretariat on Wednesday published a new synthesis report as stakeholders called to accelerate climate action through submissions that spanned almost 800 pages ahead of the conclusion of the first-ever global stocktake at COP28.

A non-profit is urging the EU to more than double its yearly deployment of wind energy by 2030 in order to achieve the bloc’s 42.5% renewable energy target, while also advocating for the bloc to strengthen that goal to as much as 50% to better align with the Paris Agreement, according to a report released on Thursday that comes as the bloc is increasingly beset with issues that could hinder those ambitions.

The Washington Department of Ecology (ECY) increased its yearly allocation of no-cost allowances to electrical utilities under the state’s cap-and-trade programme by as much as 23% through 2026, as seen in its revised mid-year figures released Tuesday.

Researchers have announced what they call an "important milestone" in the development of direct air capture (DAC) technology, operating their energy-efficient CO2 absorption system for 10,000 hours.

The surplus of allowances and offsets in the linked California-Quebec carbon market came closer to reaching 400 mln during the third quarter, while entities shifted more units into compliance accounts, according to data published Wednesday.

The Northeast US will face mild temperatures this winter, lessening heating demand in the RGGI cap-and-trade programme region, a weather forecasting service said Wednesday.

While the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) set policy and funding precedence for US decarbonisation, additional measures are necessary across three domains to cut GHG emissions by more than 40% by 2030 and nearly 90% by 2050 relative to 2005 levels, a report said Wednesday.

Poland’s deputy energy minister said Wednesday that his country would support including carbon removals in the EU ETS before 2030 while a campaign group opposed such a move, while the minister kept his cards close to his chest when pressed on coal phaseout details.

UK-headquartered conservation company Environment Bank is marketing voluntary biodiversity credits through a “biodiversity equity shares” system to encourage demand, an executive has said.

A new initiative on nature stewardship will initially focus on forests and land degradation and aims to ramp up pressure on companies to disclose nature-related risks and engage politically.

The German government approved on Wednesday a temporary extension of the country's power generation supply reserve, allowing lignite plants to reopen as a precautionary instrument for demand peaks for the coming winter, though underlined that the nation's 2030 coal phaseout target remains in play.

A UK-headquartered registry for long-duration CO2 removal (CDR) has launched its certification standard which it says is the most stringent in the world and where the results are open to public scrutiny.

EUA futures ticked up as they searched for direction around the €80/t mark on Wednesday morning, while exchange data showed investment funds trimmed their net short position by 13% and fundamentals continued to filter in bearish short and mid-term signals to the market.

The Association of Southeast Asian Nations (ASEAN) has set out a transboundary action plan to address invasive alien species across the region, however, no detail was provided on how it would be financed or the delivery partners that would lead its components.

A carbon exchange operated by one of Japan's largest financial groups has started accepting formal registration for project developers while announcing a number of partnerships and operational details to underpin trading, a further step towards the full operation of the platform amid emerging domestic interest in carbon credits.

Australia’s open cut coal mines could receive a cash windfall in coming years as Australia’s reformed Safeguard Mechanism will let them generate credits under the scheme, a report said Wednesday.

British and Swedish energy companies have unveiled the details of what they describe as a "conservative" methodology for voluntary bioenergy with carbon capture and storage (BECCS) projects and the first comprehensive market-ready version for the technology, as they hope it becomes an industry standard for the issuance of carbon credits from such activities.

The Asia Pacific region will invest $3.3 trillion in power over the next 10 years of which about 50% will be reserved for wind and solar, while 12% will be designated for energy storage, a global energy consultancy said Wednesday.

Both candidates to be the next EU commissioners for the European Green Deal and for climate action secured the support of party coordinators representing the required two-thirds majority of the European Parliament's environment committee (ENVI), the committee chair said early on Wednesday after the MEPs received replies to their requests for additional information.