Carbon Pulse

The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air. 

California Carbon Allowances (CCA) options activity on ICE picked up this week ahead of the last expiry for the year, while surprise auction results of the Q4 permit sale defined volatility in Washington Carbon Allowances (WCA). 

The US EPA awarded more than $1.2 billion in funding for 84 local environmental and climate justice projects on Thursday, as part of the Community Change Grants Program. 

Global CCS capacity is estimated to outstrip global LNG supply volumes within the 2030s, yet would be unsustainable without a supportive commercial carbon price, according to forecasts released by a data and analytics company.

Minnesota’s Public Utilities Commission (PUC) on Thursday unanimously approved Summit Carbon Solutions’ (SCS) permit request to construct a segment of its proposed CO2 pipeline within the state.

The first steps to create a nationwide map of the environmental impact of UK agriculture are underway with the launch of carbon audits across 170 farms.

The UK has unveiled a $40-billion plan to massively scale clean energy by 2030, as part of a strategy published Friday that outlines how the country will achieve at least 95% clean power by the end of the decade.

Brazil’s National Council for Energy Policy (CNPE), an advisory body to the president, this week approved resolutions in support of targets for biofuels-based greenhouse gas (GHG) mitigation and to encourage the use of residual oils and fats in biofuels, according to local media reports.

The state of Yucatan in Mexico will soon decree a jurisdictional REDD+ (J-REDD) strategy and has published a concept note on the ART TREES registry for J-REDD projects, anticipating 2.4 million credits over a five-year crediting period.

Brazil’s National Bank for Economic and Social Development (BNDES) and the NGO Conservation International Brazil have launched the Forest for Well-Being call for proposals, featuring funding of up to R$23 million ($3.8 mln).

Local officials in a California county unanimously voted to withdraw an environmental review exemption for a hydrogen plant in the Central Valley on Tuesday after the developer abandoned the project in the face of local pushback and a legal challenge.

Supply of Safeguard Mechanism Credits (SMCs) from coal mines might prove an obstacle for the expected price hike in Australia's main carbon units, analysts said Thursday.

A Swiss-based startup has secured €1.5 million in seed funding to advance its integrated hardware-software platform designed to facilitate compliance with the EU’s Carbon Border Adjustment Mechanism (CBAM).

A Canadian biochar developer is advancing plans to build its second commercial facility in Northwest Arkansas after signing a non-binding offtake agreement with a biochar buyer, the startup said Wednesday.

Canada’s 2035 emissions target motions for reductions of 45-50% below its 2005 baseline, naming international mitigation efforts, such as the trade of credits under Article 6, as priority areas of climate policy in the next decade.

An enhanced rock weathering startup has raised nearly $60 million and secured around 300,000 tonnes in advanced purchase agreements to scale its carbon removal solution.

The current EU ETS price signal will take too long to fully decarbonise the economy unless elements that soften the mechanism are phased out and liquidity is increased, a report by a Brussels-based think tank said on Thursday.

Brazil’s long-awaited emissions trading system (SBCE) legislation has been sanctioned by President Luiz Inacio Lula da Silva, appearing in the Official Gazette of the Union (DOU) on Thursday.

International carbon standard Verra has fallen foul of the Integrity Council for Voluntary Carbon Market (ICVCM) rules in investigating human rights abuse claims levelled at a REDD+ project, a non-profit has claimed Thursday, lodging a formal complaint.

A set of pay-to-access resources on biodiversity credit metrics was launched on Thursday by analysis website Bloom Labs and consultancy the Biodiversity Footprint Intelligence Company (BioInt).