Carbon Pulse

The Global Green Growth Institute (GGGI) has launched a facility to support scaling of international carbon trading under Article 6 of the Paris Agreement and catalyse up to $500 million solely for the transactions of Internationally Transferred Mitigation Outcomes (ITMOs) by 2030, it announced Wednesday.

The Asia Pacific region will need energy sector investments of around $89 trillion from now to 2050 to achieve net zero by mid century, according to a report released Wednesday.

An environmental legal group has submitted a greenwashing complaint to Australia’s consumer watchdog over airline Qantas’ “fly carbon neutral” product and its broader sustainability claims. 

The Pacific nation of the Solomon Islands has launched a carbon trading policy project with help from the Global Green Growth Institute (GGGI) and the New Zealand and Irish governments.

UK banks have invested more than £1 billion in companies tied to deforestation risks worldwide since COP26, defying the country’s 2021 Glasgow climate commitments, according to analysis released on Wednesday.

The US state’s land board unanimously adopted on Tuesday a proposed management plan for a local forest to earn revenues through the sale of carbon credits.

RGGI Allowance (RGA) prices in the secondary market briefly caught a headwind over the past week to reverse a sell-off since the market administrator released programme updates.

A major US insurance company notched a win in a Hawaii Supreme Court ruling that found a policy issued to an oil and gas company does not cover damages from greenhouse gas (GHG) emissions.

In the first two years since its implementation, the Inflation Reduction Act (IRA) is expected to add $237.5 billion to the US gross domestic product (GDP), an industry group modelled Tuesday.

A national conservation group announced on Tuesday plans to hold its first auction for nature-based carbon credits in February 2025 – the first of its kind in the US, according to their statement.

The US Environmental Protection Agency (EPA) released 2023 greenhouse gas (GHG) data Tuesday showing that direct emissions from large stationary sources were down 4% year-on-year (YoY).

A Vancouver-headquartered project developer has signed a deal to acquire a 50% equity stake in a US-based carbon sequestration project.

Europe should reward sustainable forestry practices rather than profit-seeking from logging activities, researchers have said, echoing calls from left-wing lawmakers in the European Parliament who reject a recent proposal to delay the EU's anti-deforestation regulation by one year.

Quebec greenhouse gas (GHG) emissions in 2023 dropped year-on-year (YoY), but still surpassed the province's ETS cap for the sixth consecutive year, according to government data released Friday.

Energy ministers agreed on Tuesday that the EU needs to ramp up efforts to tackle high energy prices, with a majority also calling for an end to Russian LNG imports that are still managing to make their way into the EU.

California Carbon Allowances (CCA) futures trade surged on ICE after regulator ARB released a notice Tuesday confirming aspects of upcoming changes to the cap-and-trade programme.

A nature-based platform has teamed up with a tech firm to offer combined screening and monitoring of forest carbon projects.

Google has become the first company to sign a corporate power purchase agreement (PPA) to buy nuclear power from small modular reactors (SMRs), the company said on Monday.

Fifteen firms in Germany have been awarded support guarantees in the first round of the country's novel climate contracts for difference (CCfD) scheme, established to help industrials with the transition towards net-zero goals, with payouts linked to EU ETS prices.

There is “huge uncertainty” around what would happen to US carbon markets regulations if the openly-climate sceptic Donald Trump is re-elected in November, according to the co-chair of the Integrity Council for the Voluntary Carbon Market (ICVCM).