Carbon Pulse

Quebec retired more of California’s allowances and offsets over an eight-year period in results released on Wednesday of a new accounting mechanism to track compliance instrument transfers between jurisdictions under the WCI-linked carbon market.

Sweeping federal legislation, which must be approved this week to avoid a shutdown of the US government, includes a provision to support the agriculture industry’s participation in voluntary carbon markets (VCM).

Ghana is fast developing global leadership as a seller of carbon credits under the Paris Agreement's Article 6 international trade provision by establishing levies on such exports, having already developed key relationships with several buyer nations and big-hitting trading houses.

The federal government of Canada on Wednesday announced plans to enhance regulated annual zero-emission vehicles (ZEVs) sales targets for all new light-duty vehicles, with interim milestones towards achieving 100% ZEV sales by 2035.

The US arm of a German certification giant has acquired a North American greenhouse gas auditing firm.

The ownership of carbon credits in a huge jurisdictional forestry conservation project in Guyana involving oil major Hess is being disputed by an activist group for Indigenous people following a successful case about land rights in the country.

Several EU countries are pushing for a higher share of renewable energy sources (RES) than the goal just adopted as a position by all member states in Council, increasing the prospects of a jump in ambition in final negotiations with the European Parliament in the new year that could dampen carbon prices.

Text setting out an EU decision on how many carbon allowances it will auction from the market stability reserve as part of its REPowerEU strategy suggests that legislators have developed a view on what is an appropriate price for carbon, market sources said on Wednesday.

Three Verra-certified forestry conservation projects in Kenya could be over-credited, a rating agency has warned following a review that nonetheless slightly improved grades for two of them while reaffirming the previous rating of a third that at one stage attracted backing from Hollywood actors.

EUAs gave up Tuesday's gains in very quiet trading on Wednesday morning, with traders reluctant to pinpoint any key drivers as the holiday season kicked into higher gear, while European energy markets continued to lose ground amid a combination of warmer weather and healthy supplies.

Spain-headquartered fashion group Inditex, which owns clothing brands such as Zara, has committed to at least €10 million in funding to a number of WWF biodiversity and ecosystem restoration projects over the next three years.

India expects its planned carbon market to be fully operational in 2026 and intends to set up a market stabilisation fund to ensure prices don’t fall below a certain level, Reuters reported on Wednesday, citing a government presentation shared with stakeholders.

A Europe-headquartered energy company has revealed that it provided the greatest proportion of carbon credits for the first MENA voluntary carbon market auction hosted by Saudi Arabia's public investment fund (PIF) in October, selling almost 500,000 tonnes to the organisers.

Confusing and incomplete reporting guidelines are making it difficult for China's iron and steel industry to adequately and correctly report their CO2 emissions, a report has found, raising concerns ahead of the sector's planned inclusion in the national emissions trading scheme.

A web3 company offering digital carbon credits for offsetting purposes has refined its offering to allow users to select the geography, vintage, and project type they want to use.

The emergence of CCUS as an effective technology to mitigate climate change will require the regular revising of laws at both the national and international level to regulate issues such as the transport and storage of CO2, the formation of hubs and clusters, and a viable insurance system for the sector, a study has found.

While New Zealand will allow all scientifically robust forms of sequestration in its ETS from 2025, a government report has cautioned it will be some time after that before landholders are likely to be rewarded with NZUs.

UK-based Social Carbon Foundation has launched a new methodology to award carbon credits to conservation projects located in areas of biodiversity importance.

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

The New Zealand government has detailed how it would price agriculture emissions, making further concessions to the primary sector as it attempts to balance what is practical to implement, politically palatable, and effective in cutting pollution.