Carbon Pulse

The UK government has lost a second case brought by environmental campaigners for not doing enough to meet its targets for cutting greenhouse gas emissions.

Corporates are keen to support customised waste collection and recycling programmes that equate to their waste production footprint and potentially tie back to their own supply chain, with the plastic credit model not suited to all circumstances, say market stakeholders.

European carbon prices consolidated the steep gains made over the course of the last five days, and were headed towards a 9% weekly increase as traders eyed a reduced auction programme next week, while gas prices struggled to keep pace with the continued strength in EUAs.

Insufficient funding as well as vaguely formulated and conflicting targets have largely hampered the integration of biodiversity into decision-making across different sectors, a paper has said, calling for more consistent and coherent policies to be established.

South Korea could see its industrial emissions targets well on track if more policy incentives are provided to boost domestic demand for low carbon steel and cement products, according to researchers.

Airlines within the Lufthansa Group are among 20 carriers currently under investigation by the European Commission over potential greenwashing practices, including the use of voluntary carbon credits.

EV-maker Tesla has obtained approval from the Korean government to generate and trade carbon credits in the country, expanding the coverage of its automotive regulatory credit-based business model beyond the US and China.

A UK trading house will launch a carbon trading platform in New Zealand soon, with several staff members of a major NZ market player joining the newcomer, according to local media.

One of the world’s largest iron ore producers has plans to send 100 million tonnes of green iron to China, using vast amounts of clean hydrogen created in the Australian desert, and says it will ultimately cut 220 million tonnes in CO2 emissions per year in the process.

An Ulaanbaatar-based non-profit has launched a domestic voluntary forest carbon credit scheme, targeting domestic emitters, particularly in Mongolia’s booming mining sector, as well as foreign buyers.

Researchers at Yale University have launched an initiative to design three biodiversity credit methodologies for agroforestry projects at smallholder farms in Latin America, Carbon Pulse has learned.

The Australian government has put forward options to rework the landfill gas carbon credit methodology, proposing to increase current baselines marginally and gradually raising them on an annual basis, according to a consultation.

The stockpile of privately held NZUs has grown by some 9 million units, according to government figures, however this is likely fall dramatically following the upcoming May 31 surrender deadline for emitters.

With the highest quarterly net credits in programme history, Oregon’s Clean Fuels Program (OCFP) unit surplus soared above 1 million for the first time, according to state data published Thursday.

Ending factory farm biogas crediting under California’s Low Carbon Fuel Standard (LCFS) is a top priority for a large share of the stakeholders commenting on a proposed amendment package for the scheme.

New Zealand's former minister for climate change and the environment and co-leader of the Green Party has been appointed to multiple roles, he announced, after giving his valedictory speech to parliament this week.

The US Department of Energy (DOE) announced Thursday that it would provide up to $500 million to support the nation's carbon capture and storage (CCS) transport system, as it continues to ramp up its support of the technology.

Five project developers have earned concessions worth a total of over 11 million hectares from a heavily forested Brazilian state as it continues efforts to develop its carbon market.

Canadian greenhouse gas emissions from energy, industry, agriculture, and waste sectors increased 1.3% year-on-year in 2022, although land use and forestry (LULUCF), excluded from the national totals, jumped 264% YoY.

A series of newly-developed methane abatement technologies can help cut emissions on ships by up to 80%, an industry initiative announced on Friday.