Carbon Pulse

China has not yet introduced auctioning in its national carbon market, but regulators could easily formulate rules for paid allowance allocation based on the lessons learned in the pilot markets, researchers from a government-run think-tank have suggested.

UK progress on the rollout of carbon capture usage and storage (CCUS) is too slow despite fresh funding in the government's recent financial statement, according to experts at an event Monday, with overall ambition, regulatory clarity, and supply chain transparency cited as the main challenges ahead.

A new report by an energy investment group has laid out what it describes as a credible pathway for Australia to decarbonise its electricity grid, while the Clean Energy Regulator has minted 240,000 new Australian Carbon Credit Units (ACCUs).

Marubeni Corp. has signed a deal with one of Japan’s largest producers of rice husk biochar to increase its production capacities and create carbon credits, according to a press release published Monday.

G7 energy ministers pledged to accelerate efforts to phase out unabated fossil fuels to reach net zero emissions by 2050 and set specific solar and wind power targets, but in a compromise allowed for continued investment in gas to meet shorter term energy security priorities in a communique released by the group after its weekend summit concluded in Sapporo, Japan.

The United Arab Emirates has become the 26th country to agree to a bilateral carbon trading framework with Japan under the Joint Crediting Mechanism (JCM).

G7 ministers over the weekend committed to increasing their international spending on biodiversity and to implementing the Global Biodiversity Framework, though a communique from the Sapporo summit was light on details.

Australia should introduce carbon removal targets in order to incentivise investment in both natural and technology-based solutions, according to the Climate Change Authority (CCA), which said sequestration is a crucial element to the country meeting its climate targets.

Just 20 food producers account for almost a fifth of the biodiversity impact from a group of the 250 biggest nature loss contributors in the world, a study has found.

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

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Canada’s GHG output increased in 2021 with the return of activity following COVID-19 shutdowns through the previous year, driving the country further away from 2030 Paris abatement pledges, according to government data published Friday.

Regulated entities trimmed their net length in California Carbon Allowances (CCAs) while building slightly in RGGI, as speculators did not significantly alter their positions across the two North American cap-and-trade systems, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including a meeting of the Pennsylvania governor's RGGI working group, a Michigan plan for a low-carbon fuel standard (LCFS) and clean energy standard, an Oregon commission's GHG reduction recommendations and legislative proposal to study a lower diesel carbon intensity benchmark, and the advancement of offset-related legislation in California.

An activist group for Indigenous peoples has lodged a grievance with a jurisdictional REDD+ standards body over claims that the Guyanese government did not receive consent from communities to distribute tens of millions of avoided deforestation carbon offsets.

A UK-based carbon standard is due to launch next week having built up a portfolio of pilot activity in regenerative agriculture, as corporate interest in existing options for British land-based carbon credits is seen waning.

Exchange operator ICE Futures US announced on Friday the delayed launch date for three Washington Carbon Allowance (WCA) futures contracts, four months into commencement of the newest carbon market in North America.

EU member states handed out a total of 75 million more free EUAs to industrial plants over the last four weeks, bringing the total issuance to around 76% of this year's maximum, though five countries are yet to begin issuing permits to installations.

The Scottish government is inviting prospective suppliers to bid on a £66-million peatland restoration contract.

The EU should look closer to home when it comes to diversifying its supply of critical raw materials (CRMs) needed for the energy transition by developing sustainable mining within its borders, according to a leading expert, as rising export restrictions are seen hindering global climate ambition.