Carbon Pulse

Singapore has opened its decarbonisation plans for public comment beginning Tuesday, as it begins work on its upcoming Nationally Determined Contribution (NDC), due in 2025.

Taiwan is planning to introduce its own version of a carbon border adjustment mechanism (CBAM) as a supplementary measure to an upcoming carbon levy programme.

A proposed biodiversity measuring metric initiative needs to factor in the interplay of climate change and proposed actions, rather than simply focusing on observing changes, an expert told the Global Nature Positive Summit in Sydney Tuesday.

Vietnam won’t allow the sales of any carbon units from its emissions trading scheme until after the pilot phase ends in 2028, local media reported Tuesday, citing the deputy prime minister.

The world’s largest miner, BHP, is partnering with a steelmaker to start addressing its iron ore Scope 3 emissions, it announced Tuesday. 

Global deforestation rates are on the rise despite international high-level commitments towards 2030, with a loss of over 6 million hectares of forests only in 2023, according to an annual assessment released Tuesday.

The Australian government has expanded its protected waters, claiming it now protects more waters than any other nation on earth, it said as host of the first Global Nature Positive Summit in Sydney.

The European Union should invest earnings from the carbon market more efficiently towards climate goals, according to a collective call.

RGGI Allowances (RGA) in the secondary market continued their descent over the week as prices adjusted in response to programme updates from the administrator, with traders largely projecting the 2025 Cost Containment Reserve (CCR) value as the near-term level of support.

An intervenor on behalf of one of the US states enjoined in an emergency petition to stay the US Environmental Protection Agency’s (EPA) power plant rules drew the attention of the Supreme Court to analyses from the agency showing carbon capture and storage (CCS) technology limitations.

Some 85% of banks are open to financing new coal projects, and only 8% of banks are committed to ending project financing of new oil and gas fields, according to research published on Tuesday.

The US Supreme Court is asking the Solicitor General to comment on a challenge from Alabama and 18 other conservative states trying to quash Democrat-led states' lawsuits against oil and gas producers, according to a request made on Monday.

UN negotiators should facilitate private sector involvement in Article 6 through measures designed to streamline deal-making, authorisation, and transaction, but should not over-emphasise central infrastructure or interpret the Paris Agreement to preclude REDD projects, according to a carbon trading industry body.

The European Commission needs to take a holistic approach to the emissions covered in its industrial carbon management policy, extending its oversight to indirect emissions within company's assets, as well as the energy used from carbon management technologies, among other areas, according to recommendations from an advisory group.

Issuances in the voluntary carbon market (VCM) soared to their highest level in September for three years, while oil major Shell was the largest retiree of credits, according to new analysis of registry data from Carbon Pulse.

The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company's ex-COO and a former managing director, Tridip Goswami, among others.

An international carbon credit development programme on Monday published two new methodologies and two methodological tools under its nature-based solutions (NBS) programme.

The influential Nature Positive Initiative (NPI) has launched a first set of nine draft nature indicators, with the aim of building consensus on measuring progress towards nature positive.

Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call "a temperature check" for the world's pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).

Europe's markets authority said it had not found any "significant issues" in the functioning of the EU ETS during 2023 and did not make any recommendations for additional regulation, in its first annual report on the market published on Monday.