Carbon Pulse

A London and New York-based carbon removal standard and registry has hired two carbon removal (CDR) experts to expand their science leadership team, the company announced on Monday.

Queensland maintains Australia’s best regulatory framework for carbon markets and project developers and the Northern Territory the worst, although all jurisdictions have room for improvement, according to an annual survey released Tuesday.

The market in use-of-proceeds and key performance (KPI)-linked sustainability bonds will play a massive role in global mitigation efforts, according to a senior researcher at a large financial ratings firm.

Verra has suspended the registry account of the troubled Rimba Raya voluntary carbon project in Indonesia, it announced Monday, plunging the future of the giant REDD activity into doubt.

The federal government of Nigeria has collaborated with an African carbon offset project developer to distribute 80 million clean cookstoves throughout the West African nation that have been fully financed by voluntary carbon credits.

An EU-commissioned survey on biodiversity credits has received less than a third of the expected responses, Carbon Pulse has learned, with the consulting group responsible for the study calling for increased participation to finalise it and present the findings at this year's COP16 UN biodiversity summit.

EU carbon prices soared on Monday morning, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, while UKAs rose to a four-month high above a key psychological level as speculators and thermal generators also bought.

Japan has passed its carbon capture and storage (CCS), but the amounts planned by the nation for domestic storage are dwarfed by its larger emissions profile and lack of proper geological storage space, while a report Monday outlined benefits of a large-scale CCS industry in Australia potentially taking a far greater portion.

The European Union should step up its efforts to promote international carbon trading, with removal credits “an obvious candidate” to join a potential “positive list” of carbon projects that could be allowed in the EU ETS, a former top official has argued.

One of China's largest cities has given the green light to a methodology for seagrass bed restoration, as regional governments in the country are seeking to unlock the potential of blue carbon.

The Clean Energy Regulator (CER) has pressed company executives with facilities covered under the Safeguard Mechanism to invest in research, development, and deployment of technology to cut emissions at source as soon as possible, warning that relying on carbon credits alone will not be sufficient.

The price for NZUs sunk by around 15% on Monday as the market continued to react poorly to the government's consultation on the ETS released last week. 

A public policy arm of a global think-tank has outlined recommendations for the US to achieve net zero by 2050 while ensuring reliable, affordable access to energy for economic growth.

Speculators notched their first increase to their California Carbon Allowance (CCA) net holdings since early April, while demand rose across the board for RGGI Allowances (RGA), according to weekly data from the US Commodity Futures Trading Commission (CFTC).

A November election victory for former US President Donald Trump would likely see reduced support for low-carbon energy and a rollback of methane, power plant, and transportation emissions regulations, according to a report published Thursday.

The board of directors of the Brazilian National Civil Aviation Agency (ANAC) unanimously approved Tuesday a resolution that incorporates the UN's CORSIA aviation offsetting into law.

A group of 20 Democratic state attorneys general and others filed a motion to intervene Thursday to support the US Environmental Protection Agency (EPA) in a litany of lawsuits from challengers to power plant regulations finalised in April.

The US Government Accountability Office (GAO) has found that a carbon storage project funded by the Department of Energy (DOE) did not meet technical thresholds and is now delayed and the cost overrun, it said in a report published Thursday.

The EU has said it struggles to see "a sufficiently clear direction for further work" in a response to a call for input on Article 6.4 removals crediting guidance under the Paris Agreement, with a wide range of starkly different positions also submitted by other entities highlighting the difficulties ahead of COP29 with finding consensus on key methodological matters.

California and Quebec announced Friday a new date for the joint WCI carbon allowance auction for Q2 that was postponed earlier in the week due to technical difficulties.