Carbon Pulse

The UK Climate Change Committee (CCC) has advised the government not to increase the emissions cap in the nation’s carbon market as it prepares to expand the scheme to include waste incineration and energy-from-waste (EfW) sectors in 2028.

Washington Carbon Allowance (WCA) prices cooled off after spiking following the defeat of a referendum to repeal the programme, while California Carbon Allowance (CCA) values rose amidst anticipation of greater regulatory clarity from ARB.

The Brazilian National Bank for Economic and Social Development (BNDES) has approved R$500 million ($88 mln) in financing for a new biofuels-producing ethanol plant, which it said will support Brazil’s goals to decarbonise the transport sector.

While the second Trump presidency will likely hamper the US’ reputation for climate action on the global stage, top former governmental officials said Thursday that the incoming administration’s ability to stall the US – and the world’s – momentum towards a clean energy economy will be limited.

Canadian cleantech tax credits and a favourable regulatory environment could lure US entrepreneurs to move north, but cohesive climate policy is under attack from Conservative opposition in the country, panellists said Thursday.

Absolute greenhouse gas emissions in Canadian oil sands grew less than 1% for the third year in a row, according to analysis published on Thursday.

Demand for carbon removal credits is on pace to increase by 50% this year, while retirements of durable CDR units is set to more than double, according to a new report.

The next round of climate pledges from the world's highest-emitting economies will ultimately determine the chances of limiting global warming to 1.5C, depending in particular on how far they go in pushing a transition away from fossil fuels, the UN's special adviser on climate action said on Thursday.

Australia’s ratification of a key amendment to the London Protocol went into effect Thursday allowing the shipping transport of CO2 between nations, meaning its plans to become a regional hub for an emerging carbon capture and storage (CCS) industry is one step closer, but more is needed to provide the kind of policy certainty that secures investment and carbon markets are seen unlikely to play a material role in financially de-risking projects.

New Zealand can achieve substantial emissions cuts domestically for its 2031-35 Nationally Determined Contribution (NDC), reducing its reliance on international credits, but must start work already this decade, according to the independent Climate Change Commission (CCC).

Traders and asset managers appreciate the commercial risks attached to the EU’s new emissions trading scheme for road transport and heating fuels (ETS2) and are increasingly taking measures to mitigate its future impact, say industry sources.

Nature-based solutions (NbS) projects must better consider the impacts of climate change on biodiversity, as temperature shifts in the long term are set to increasingly affect species conservation efforts worldwide, according to a recent paper.

Wopke Hoestra will remain the EU's climate chief for the next five years, after committing to push for a 90% emissions reduction target for 2040 while emphasising the need to reconcile climate action and industrial competitiveness, in his confirmation hearing with the European Parliament on Thursday.

A pan-European afforestation carbon project has become the first of its kind to be registered by Verra, it was announced Thursday.

Over 50 companies have called on the European Parliament not to weaken the EU Deforestation Regulation (EUDR) through amendments, warning that the recently proposed delay could leave the law vulnerable to changes that would undermine its impact on deforestation.

Discussions around clean cooking methodologies are still ongoing at the Integrity Council for the Voluntary Carbon Market (ICVCM), Carbon Pulse has learned, likely pushing to next month the decision that will determine which credits in the sector will be eligible for the Core Carbon Principles (CCPs) high-integrity badge.

A global standard-setting organisation for carbon markets in a statement Thursday recommended that crediting programmes connect to the World Bank-backed Climate Action Data Trust (CAD Trust).

Deforestation in Brazil’s Amazon fell by more than 30% between Aug. 2023 and July 2024, marking the most significant percentage drop in 15 years, according to government data. 

A provider of audit-grade nature mapping insights has launched an online project insights platform to offer tracking of project performance and greater transparency into impact claims.

Momentum for net zero is building in the boardroom and leaders are refusing to abandon their plans, finds a survey of US and UK executives, despite a growing political backlash against the cost and pace of the green revolution that is expected to only intensify after the election of Donald Trump to the White House.