Carbon Pulse

New Zealand has cancelled 21.5 million carbon credits left over from international Kyoto protocol markets, the government announced.

California regulator ARB provided updates on major considerations for its upcoming Low Carbon Fuel Standard (LCFS) rulemaking at a non-voting Board meeting on Thursday, as commenters offered input on the regulator's carbon intensity (CI) reduction targets and raised concerns about avoiding methane crediting and jet fuel emissions.

A Canadian climate tech company and an Australian mining company have partnered to investigate carbon mineralisation opportunities at a nickel mine site in Vietnam.

An Australian based climate fintech firm has teamed up with a carbon credit pricing, data, and analytics company to build transparency around carbon projects.

An anti-plastics waste group has poured cold water on a consortium of Japanese heavyweights’ plans to skim microplastic from the surface of a harbour and turn it into oil, suggesting it is nothing more than a “distraction” in the climate debate.

Australia’s metallurgical coal may lose market share in coming decades as China’s steel industry recedes and its domestic production of coking coal rises while India’s plans to transition to using hydrogen in the steel making process could put a further dent on exports, according to a think tank.

Australian landfill gas project operators have expressed concern about the lack of a clear framework for redesigning the baselines of landfill gas projects, according to an expert.

A group of NGOs have written to the government of Papua New Guinea expressing their “grave concerns” about the lack of stakeholder input in the development of the country’s carbon credit regulations.

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

Biomass-based diesel (D4) RIN prices under the US Renewable Fuel Standard (RFS) may experience countervailing influences in the next couple years, while the market for the D3 category largely filled by renewable natural gas should remain tight, analysts said Thursday.

California Carbon Allowances (CCAs) waned for the second week in a row in both price and volume as wider macroeconomic issues and market dynamics clouded trading, while Washington Carbon Allowances (WCAs) also continued their drop over the same period with a sense of distrust in the young cap-and-trade system persisting.

A recent deluge of biomass-based diesel supply that is hammering RIN prices does not currently present a lot of concern to the US EPA, as the agency decided on its Renewable Fuel Standard (RFS) volumes through an assessment of feedstock availability, a government official said Thursday.

A US-based CO2 storage provider on Thursday announced partnering with a legacy timberland firm to set up a carbon capture and sequestration (CCS) hub beneath managed forest acreage, conveniently located in a southern state near large stationary CO2 emitting sources.

An EU action plan to boost the deployment of heat pumps is currently in the making, the bloc's energy commissioner Kadri Simson announced on Thursday in a move that could mean lower launch carbon prices for the bloc's second ETS in the coming years.

Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.

A Singaporean tech company has potentially inked its first offtake deal for carbon credits as it seeks to develop over 5.3 million hectares of deforestation avoidance projects in Papua New Guinea (PNG) that are estimated to produce almost 159 million carbon credits annually, it announced Thursday.

European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.

A carbon markets advisory is helping companies become more informed and discerning when structuring their carbon credit portfolios, with the launch of a new platform offering due diligence on both compliance and voluntary offsets, and pricing data to help clients determine the fair value of credits, both now and in future, a conference heard on Wednesday.

Carbon credit standard body Gold Standard has announced it has joined several prominent companies and institutions to work on biodiversity crediting approaches, following other carbon standards that recently released draft methodologies.

Climate Impact X (CIX) has proposed adding another REDD project for inclusion in its daily benchmark assessment of the sector, at a time when over-the-counter brokers say the market is becoming more fragmented.