Carbon Pulse

Indian government officials are considering taxing exporters to the EU for their carbon content to ensure that costs tied to the Carbon Border Adjustment Mechanism (CBAM) stays in India, according to media reports.

New Zealand’s Labour party will set separate targets for gross emissions reductions and CO2 removals, limit exotic afforestation, and develop a regulatory framework for the voluntary carbon market if it returns to government at next month’s elections, it announced Monday.

CMI is looking for someone to lead the delivery of services as Administrator of the Australian Carbon Industry Code of Conduct (the Code).

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

Honduras will target international sales of Article 6-compliant REDD+ credits, due to be issued next year, at a price of at least $25/tonne, the country's environment minister confirmed to Carbon Pulse on Thursday, and is already in discussion with buyers to complete transactions in 2025.

Financial players pared back their California Carbon Allowance (CCA) and RGGI Allowances (RGGI) net length over the week, as Washington Carbon Allowance (WCA) futures and options holdings became available for the first time, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Proving marine CO2 removal in the field is necessary to scale the nascent technology, but further private sector funding and government support are needed for the development of research, expert panel says.

Legislation outlining regulation of the voluntary carbon credit market passed Paraguay's Senate this week by a significant margin following a number of amendments, and now goes to the country's Chamber of Deputies before it can become law.

EU energy ministers are due to meet on October 17, aiming to get closer to a deal on a divisive reform of bloc's electricity market design that has gotten bogged down partly due to a row over whether to extend capacity payments for coal power. 

California Low Carbon Fuel Standard (LCFS) credit values rebounded on Thursday from a six-month low set earlier in the week after a major electric vehicle manufacturer reportedly stopped selling units.

The Taskforce on Nature-related Financial Disclosures (TNFD) must “urgently” consider metrics beyond MSA, an executive at environmental consultancy Ramboll has said, while suggesting that Britain's net gain mechanism offers a more robust approach. 

A carbon credit rating agency has warned against a headlong rush into commoditising carbon credits as the ICVCM prepares to tag the first categories of unit with its CCP integrity label, which is expected to reassure corporates that each credit is worth a tonne of C02.

Malta and Spain have urged the EU to add further foreign ports to a list found to have experienced a jump in activity, ahead of the bloc's inclusion of the shipping sector in the ETS from 2024 in a bid to guard against carbon leakage.

An aggressive UAE-based carbon credit developer has signed a Memorandum of Understanding with the Gulf nation’s biggest bank aimed at advancing green investments as the country gears up to host this year’s UN climate negotiations.

EU carbon prices headed for their biggest five-day increase in six weeks, as prices gained momentum from the combination of a short squeeze as well as a sharp rise in natural gas prices amid the end of labour strikes in Australia and a renewed focus on North Sea output.

Allowances in the Chinese emissions trading scheme this week rose to their highest level since the market launched two years ago, as the approaching compliance deadline for 2021 and 2022 continued to fuel steady demand.

Policy and direct investment need to match interest and rhetoric if hydrogen is to become a genuine source of large-scale clean energy, and project delays are to be expected given “stubborn” cost pressures, the International Energy Agency said Friday.

The expansion of the BRICS bloc is going to transform the group into a global leader in renewables, making it a net exporter of primary energy in the coming decades, according to a report released this week.

An Australian superannuation fund has announced emissions targets in line with the government’s plan to reduce emissions by 43% by 2030 over 2005 levels, though it will only decide on a policy towards oil and gas companies late next year.

Carbon revenues can substantially contribute to the additionality of Australian waste management projects by encouraging final investment decisions, a study has found, contradicting conclusions from previous analysis.