Carbon Pulse

Chinese regulators have released guidance on the development of green finance in the country, outlining several policy targets including participation of financial institutions in the national carbon market and coordination among government agencies.

A New Zealand advocacy group has launched legal action against the government over its decisions to weaken the country’s Clean Car Standard, it announced Monday.

The New Zealand government will establish a Reference Group to drive better outcomes for the forestry segment of its emission trading scheme (ETS), it announced Monday.

Analysts have slashed their forecasts for EU carbon allowance prices across the board, amid ongoing supply pressures and reduced demand from European power and industrial emitters.

Europe’s position in the global net-zero industrial race is at risk due to the US economic dominance and China’s ambition to become the world’s clean tech hub, a pan-European climate think-tank has warned.

The exclusion of branch turnover from forest carbon accounting models has led to significant biases in estimates of global forest carbon sinks, a new study has found.

China's efforts to address its aging population by relaxing fertility policies and delaying the retirement age could lead to a significant rise in the country’s carbon emissions, according to a new study

Another tech giant has signed up for the US government’s programme encouraging companies to invest in carbon removal projects, committing to spend tens of millions of dollars on the effort.

A shipping carbon tax being floated by the International Maritime Organization (IMO) could have disproportionate economic impacts on African countries, a new report warns.

A “live” carbon removals marketplace was launched on Thursday in an effort to raise funding for the nascent technology.

Investors continue to build holdings in V25 California Carbon Allowance (CCA) holdings, reducing exposure in V24s, while traders cut RGGI Allowance (RGA) and Washington Carbon Allowance (WCA) net length over the last week, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).

A Canadian research group published on Wednesday a report tracking carbon pricing in the nation, highlighting pathways to harmonise its nine industrial carbon markets, in order to remove interprovincial trade barriers and reduce compliance costs.

The California State Senate passed a measure on Friday supported by Governor Gavin Newsom (D) intended to prevent spikes in fuel prices, despite concerns that a state agency will receive overly broad authority and savings at the pump won’t materialise for Californians.

The European Environment Agency (EEA) this week warned that Europe’s efforts to decarbonise its transport sector face significant challenges, particularly in aviation and maritime transport, despite progress in reducing emissions in other areas.

A handful of big purchases, mainly by Microsoft and Equinor, kept the needle moving upwards in the carbon removal (CDR) market in the third quarter, as overall volumes remained small and prices high.

A carbon removal certification programme has approved a new biochar protocol with a durability option exceeding 1,000 years, along with another module focused on the technology.

A range of carbon pricing measures and the private sector will come together in Chile’s market-led model of climate action, ministers said at the Chile Carbon Forum this week in Santiago.

US oil and gas industry members maintained their support for enhanced oil recovery (EOR) as a beneficial carbon capture, utilisation, and storage (CCUS) solution, even as market forecasts indicate a shift towards dedicated geological storage, a conference heard this week.

Japan has decided to subsidise a single project to develop under the Joint Crediting Mechanism (JCM) after issuing a tender earlier in the year calling for hydrogen or other advanced decarbonisation technologies not yet included in the scheme.

The credit surplus in the voluntary carbon market (VCM) should not hold back price development and liquidity as the market reforms, analysts at Carbon Forward Expo London said on Thursday, suggesting a two-speed market could develop in the future.