Carbon Pulse

Taiwan plans to push back the timeline for its upcoming carbon levy scheme by a year given the slower-than-expected policy progress, despite rising concerns over the island's climate goals and industry competitiveness, local media has reported.

An alliance of former Pacific national leaders are urging countries in the region to hold off their support on Australia hosting COP31 until it takes stronger action to limit support for fossil fuel projects and subsidies, they announced Wednesday.

Making sure carbon credit sales don't impact a seller country's ability to meet its own targets and setting a fee structure that allows project hosts to make a profit without alienating foreign buyers are among the most important challenges facing developing countries in the implementation of Article 6, according to the Global Green Growth Institute.

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

Emitters in the power sector RGGI carbon market added to their allowance positions in the time between the June auction and end of the second quarter, while traded volumes overall declined during the spring period, according to a report published Tuesday.

Language from Brazilian president Luiz Inacio Lula da Silva's draft emissions trading system proposal was incorporated into an already-existing carbon trading bill in the Senate on Monday, with experts noting some potential tailwinds and challenges for the legislation’s passage.

California electricity sector CO2 output continued to hold at 10-year lows through July as the share of renewables and hydroelectricity increased and imports fell compared to 2022 levels, according to data published Tuesday.

US President Joe Biden's administration on Tuesday announced it will allocate $150 mln in grants to organisations that assist underserved and small acreage landowners in accessing revenue from the sale of carbon credits.

Bolivian biochar producer Exomad Green aims to remove 200,000 tonnes of CO2 a year from next year after gaining certification under the Puro.earth carbon crediting standard, the certifier said on Tuesday.

Germany's plan to reduce its greenhouse gas emissions is likely to fail short of the nation's climate targets, an independent panel warned on Tuesday, in a release that could pile pressure on Berlin to ramp up its mitigation policies. 

Bitcoin mining companies are increasingly looking to use renewable energy to sustain their new cryptocurrency data centres in Europe as carbon and energy costs bite. A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click […]

A UK-based environmental research organisation is developing a site-based biodiversity standard, applicable to any project size in any geography.

EU climate chief Frans Timmermans officially handed in his much-anticipated resignation on Tuesday, with the European Commission temporarily handing responsibilities for the European Green Deal and climate action files to Commissioner Maros Sefcovic.

Thirty-two investors managing $7.3 trillion in assets have asked the G20 group of wealthy countries to align their agricultural subsidies with climate and nature goals.

Two ports in Northern Africa have experienced a jump in activity in the past year in what may be a pre-emptive attempt by ship operators to avoid purchasing EU carbon allowances once the shipping sector is part of the EU ETS in 2024, a piece of additional draft legislation by the European Commission has outlined. 

European carbon prices rose on Tuesday morning as participants eyed up key technical resistance levels, and support continued to filter in from the risk of strikes at a key Australian LNG export terminal that boosted regional gas contracts, while UKAs soared back up to early July levels due to bullish power prices.

Singapore on Tuesday signed a Memorandum of Understanding (MoU) with Sri Lanka to collaborate on trading carbon credits aligned with Article 6.2 of the Paris Agreement.

Amid Western sanctions, the largest integrated petrochemical company in Russia has teed up the domestic voluntary market by selling its first carbon credits to a Russia-based financial services platform.

A Vietnamese conglomerate with 600 megawatts of renewable power under operation and over 800 MW more in the pipeline has signed with a Singaporean ESG reporting powerhouse to assist the nation’s 785,000-plus small-to-medium enterprises (SMEs) better report their emissions and carbon footprints.

The Association of Southeast Asian Nations (ASEAN) has signed a strategy for carbon neutrality with eight targeted outcomes that include enhancing interoperable carbon markets and the necessary standardisations of carbon, greenhouse gas emissions, and energy efficiency reporting.