Carbon Pulse

The Emissions Trading Scheme (ETS), widely regarded as the crown jewel of the EU’s climate policy, is becoming more complex as new sectors are added and additional measures are taken to address the scheme’s socio-economic impact, according to a new report released today.

Chinese regulators have released a set of basic rules for the operations of the domestic power markets, as the country continues to push for a transition towards market-based electricity pricing while supporting the development of renewable energy, a move observers say is crucial for the effectiveness of the national ETS.

Ireland is guiding a group of EU member states seeking to rescue a proposed law to restore at least 20% of the bloc's land and sea areas by 2030, following a year of back and forth between co-legislators.

A group of tech companies on Tuesday announced the launch of the Nature Tech Alliance, a global partnership to help businesses understand, manage, and reduce their impact on nature.

European carbon prices rallied on Tuesday morning after dropping by 6.2% in the previous two sessions, after the daily auction triggered sustained technical buying that drove the market up by €2.00 in two hours, while energy markets also snapped their two-day losing streak.

A Brazilian fintech startup has announced the issuance of 1.6 million carbon tokens, each representing one tonne of CO2 and encompassing water, soil, and biodiversity co-benefits.

After issuing its draft decree on its nascent Article 6-linked carbon market last month, Laos is now holding a consultation on the subject for major stakeholders.

Carbon ratings firms are a sign that the voluntary market is maturing and can help bring price clarity to buyers, a representative of one agency told a conference Tuesday in defence against critics.

Japan has launched a process to formulate a new national decarbonisation strategy towards 2040, which it intends will give more clarity to the trajectory of the country's emissions trading system.

Xpansiv is expanding its horizons with a new service to provide open access to the company’s automated settlement and portfolio management, the company announced Tuesday.

Shareholders of Kasigau Ranching Company have reportedly clashed with the board of directors over how "millions of shillings" from voluntary carbon credit sales were spent, with the firm in the middle of a financial and management crisis, according to local media.

EU countries are directing between €34 billion and €48 bln of European subsidies annually into activities that harm biodiversity, with the majority of them allocated to agriculture, according to a report released on Tuesday.

The public defender of forest-rich Brazilian state Para is targeting fines totalling R$20 million ($3.9 mln) for alleged illegal land-grabbing practices related to multiple REDD+ projects, according to local media reports.

RGGI allowance (RGA) prices largely plateaued over the past week on lower volumes, with many market participants expecting the futures to hover around their current range in the continued absence of programme review updates, despite a general sense of bullishness.

A Texas-headquartered pipeline and terminaling energy company signed a revised letter of intent (LOI) with a carbon management firm to jointly develop a carbon capture and storage (CCS) project in Louisiana, committing up to 2 million tonnes of CO2 captured annually from its operations.

The Architecture for REDD+ Transactions (ART) will begin a process to review its jurisdictional carbon standard in August, the US-headquartered organisation announced Monday.

Credit retirements dried up and trading was thin in spot markets amid a lackluster week in the voluntary carbon market, partly because of public holidays in Europe.

Kenya has become one of the most attractive countries in the world for carbon market investment, experts have said, drawing in a wide diversity of emissions reductions projects, seeing a high volume of retired voluntary credits, and emerging as a powerhouse in both tech- and nature-based carbon removals due to its geological storage potential and natural sinks.

The EU saw record investments in clean technologies in the first few months of 2024, part of an economic wave that shows signs for optimism in the 27-nation bloc, data showed on Monday.

The UK will tax sales of some voluntary carbon credits (VCCs) at 0% and others at 20% by bringing them under the umbrella of the country’s ‘value-added tax’ (VAT) on goods and services, though others will remain entirely outside the scope of the scheme.