Carbon Pulse

Hong Kong will move to establish itself as a major voluntary carbon trading hub, providing a bridge between international traders and the mainland China market.

Australian airline Qantas has signed an agreement with ANZ bank and Japanese oil and gas firm Inpex to evaluate a large-scale integrated reforestation and carbon farming programme that will generate offsets to help meet the airline’s emissions targets and provide a source of renewable biofuels production, the company announced on Thursday.

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

The Trudeau administration is looking to “future-proof” Canada's carbon pricing programme against future governments that may attempt to lower or cancel it.

Carbon-negative "technofixes" that aim to suck CO2 out of the atmosphere should play only a limited role in Canada’s future climate plans, a law firm has warned.

The number of California-registered California Instrument Tracking System Service (CITSS) accounts ticked up during the first quarter of 2022, as a steady influx of speculators counteracted a number of covered entities closing their accounts, according to data from state regulator ARB.

Trading in EUAs has slackened markedly this month as participants have moved to the sidelines after prices dropped by more than a quarter in a week, and sources suggest the slowdown may last for some time.

Pennsylvania Republicans and some Democratic lawmakers this week made a last-ditch attempt to prevent the publication of Governor Tom Wolf’s (D) RGGI-aligned cap-and-trade regulation through both legal and legislative means.

Latin American governments are artificially lowering fuel prices for consumers in response to the energy crisis linked to the Ukraine invasion, former finance ministers told a panel on Wednesday, noting that these subsidies are likely to harm the region's progress towards climate goals.

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EU nations' ability to stick to Paris-aligned emission targets is being put at risk by a 24-year-old global treaty that may force them to pay utilities billions in compensation for ditching big-emitting facilities.

EUAs gave up a week's worth of gains on Wednesday morning as traders reacted to a sharp increase in natural gas prices when Germany triggered an emergency plan to conserve the fuel, after the EU refused to accede to Russian demands that gas imports should be paid for in rubles.

Corporate players have demonstrated progress in pledging more ambitious long-term, high-level climate goals, but still lag in the setting of more detailed commitments to align their strategies with a 1.5C scenario, results from a survey of 166 companies by a climate investor action group has found.

Global emissions from the power sector rebounded to reach record levels in 2021 as the world returned to coal-fired generation amid soaring post-pandemic demand that outpaced wind and solarpower growth, according to a report from a climate think-tank on Wednesday.

A funding vehicle backed by the Australian government and conservation group IUCN is calling for funding proposals for blue carbon offset projects in developing nations.

As the largest player in this nascent space, we feel it is necessary to respond to some of the concerns communicated by the IETA task group on digital markets, as well as highlight important areas of collaboration and innovation moving forward, with the ultimate objective of scaling climate action, write two of the core members in crypto carbon outfit KlimaDAO.

The widening gap over the next decade between growing GHG emissions from Asia’s biggest emitters and the trajectory they need to be on to align with a 1.5C scenario means that the region has significant potential to be a key source for rapid growth in demand for carbon offsets, a conference heard on Wednesday.

Australian oil and gas major Santos on Wednesday said it could spend up to $5 billion this decade on CCS and clean fuel hubs, while also accumulating nature-based offsets to use towards its climate target and to enable “carbon neutral” energy product sales.

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