Carbon Pulse

The US Federal Trade Commission (FTC) on Wednesday asked for public input on its rules for making environmental marketing claims, including for carbon offsets and renewable energy, as it looks to bolster enforcement against greenwashing.

A two-year-old US-based soil carbon removal company on Thursday announced the close of a Series A funding round exceeding $12 million.

EU legislators will on Friday aim to negotiate to a finish EU ETS-related bills under the bloc's overarching Fit for 55 climate policy package, with talks expected to last over one or even two nights.

A pair of tech companies belonging to Frontier, a carbon removal funding initiative, announced Thursday investment of up to $11 million in seven projects that cover an increasingly wide array of tech-based CO2 removal activities.

UK corporates are seeking to buy foreign carbon credits for offsetting because of a lack of high quality domestic  projects, according to a survey of listed companies commissioned by a listings firm.

A Brazil-based startup on Thursday announced it has started to operationalise $100 mln towards reforesting degraded Amazonian land through a revamped methodology, and is already in a discussion to sell the resulting carbon removal credits at a level well above other VER prices. 

Much of the media and NGO community have recently muddied the waters around the global carbon market by repeating a set of myths around the market, writes Charles Bedford of Carbon Growth Partners.

EUAs posted robust gains late on Thursday morning as traders switched their focus from REPowerEU negotiations and options expiry to Friday's trilogue discussions on EU ETS reform and next week's expiry of the December futures contract.

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The environment regulator in Shenzhen, one of China's economic powerhouses, has launched offset methodologies for forest carbon sinks and bike-sharing, the latest move in an emerging trend for regional governments to expand their offset schemes.

Financing for biodiversity is about to take off with the launch of biodiversity markets. They have the opportunity to learn from the successes and mistakes of the Voluntary Carbon Market by creating an effective biodiversity metrics framework, writes Torrey Sanseverino, a natural capital research associate with offset ratings agency BeZero.

Growth in China’s thermal power generation slowed in November, though outpaced the growth of total power output amid mixed signs of economic recovery, government data showed Thursday.

A startup company has gained certification to use blue carbon credits for a venture in Japan that restores kelp forests and develops sea urchin aquaculture, it announced on Thursday.

The Australian government has delayed the release of its final policy proposal to overhaul the Safeguard Mechanism, due to its focus on its energy price legislation that has now been legislated by parliament.

The New Zealand government on Thursday announced the country’s emissions trading scheme price settings between 2023-27, keeping much of the existing architecture in place and making only a marginal increase to the Cost Containment Reserve trigger price despite the recommendation from the Climate Change Commission to more than double it.

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The forthcoming annual report from the California Independent Emissions Market Advisory Committee (IEMAC) will examine how no-trading zones for cap-and-trade facilities located near overburdened communities could work, as well as numerous other carbon market reform elements that could include significantly altering allowance supply.

A consultancy and an analytics firm have teamed up to introduce a new offset ratings service for nature-based projects in the voluntary carbon market.

Washington's progress in achieving transportation sector emission milestones will be a key determinant of carbon market prices in the state, but allowance values will still skyrocket to the programme's price ceiling regardless of this outcome, analysts said at a webinar held Wednesday.

Compliance offsets minted by California regulator ARB this week reversed course after falling for two consecutive periods, according to government data published Wednesday, while the price premium for credits with direct environmental benefits to the state (DEBs) climbed to a new all-time high.