Carbon Pulse

Covered emissions under the RGGI regional power sector ETS fell over 3% year-on-year (YoY) in Q3, programme data showed Friday, following two prior quarters of precipitous growth.

Argentina’s carbon industry organisation has partnered with members of the Chamber of Deputies and Senate to present a carbon markets bill in both houses of the national legislature, according to local media.

From clean industrialisation, to money, to the justness of the energy transition, to the depth of emissions cuts -- the two European Commission candidates most responsible for climate action are preparing to be grilled by parliamentarians on how they expect the EU's next era of climate policy.

Climate damages have been systematically underpriced within the global financial system, leading to a severe underestimation of the economic impact of global warming, according to a new paper presented Friday.

A German startup working with small farmers to remove carbon through enhanced rock weathering is planning to go global and launch its first projects outside Europe as soon as next year, its CEO told Carbon Pulse.

European carbon prices clawed back some of their significant post-settlement loss from Thursday, outperforming energy markets on Friday morning, as traders waited for more information on reports that EU buyers were near to an agreement to buy gas from Azerbaijan, replacing lost volumes from Russia.

COP29 host Azerbaijan has boosted its decarbonisation target and is considering the introduction of a carbon tax, said ministers at an Azerbaijani conference, according to local media.

Chinese carbon prices hit record highs again over the past week as the year-end compliance deadline draws near, with analysts expecting prices to stay well above the 100 yuan ($14.04) level throughout the rest of the year.

The majority of European countries are struggling to cut emissions from sectors outside of the EU ETS and risk needing extra permits, data shows.

Compliance carbon markets in the Global North should be open to accepting high-quality carbon removal credits from Africa, with any argument to the contrary illogical, the CEO of a Kenyan direct air capture (DAC) project developer told Carbon Pulse.

Climate finance flows from multilateral development banks (MDBs) are falling short on adaptation support for low-income, low-emission countries, according to a new report released on Thursday.

South Korea has demarcated three areas for hydrogen development to support the clean fuel’s development as part of its Hydrogen Cities 2.0, Prime Minister Han Duck-soo confirmed Friday.

Sectors including cement, lime, and clinker would likely be the first to be covered under an Australian Carbon Border Adjustment Mechanism (CBAM), according to a government paper published Friday, though no final decisions have been taken.

Delegates at COP16 in Colombia on Thursday voted for Armenia as host of the next biodiversity summit in two years’ time, narrowly beating neighbour and climate COP29 host Azerbaijan.

Oregon’s Department of State Lands (DSL) signed a development agreement Thursday for an 83,000-acre (33,600 ha) state forest to generate carbon credits for sale in the voluntary carbon market (VCM).

Washington Carbon Allowance (WCA) futures prices rose past $50 on Thursday ahead of the looming Nov. 5 vote to decide the fate of the state's ETS, while California Carbon Allowance (CCA) activity took a backseat lacking fundamental drivers.

Europe’s power sector is calling on the EU strengthen its carbon market post-2030 to support to bloc’s climate ambitions, with a focus on improvements to market stability, allowance price predictability, and targeted investment, according to a position paper released on Thursday.

The EU’s market regulator has called for listed companies to improve transparency and consistency in the accounting of carbon allowances, urging firms to follow best practices and disclose more information about their financial exposure to emissions-reduction commitments.

CO2 removals (CDR) can doubly support states to meet climate targets and tap into an emergent market estimated to reach up to $135 billion by 2040, with opportunity for policymakers to facilitate scale-up, said a US think tank in a report Wednesday.

Just over two dozen companies have published their voluntary carbon offset purchases in compliance with a recent California law, but many disclosures were incomplete and included low-quality credits, a research group said Thursday.