Carbon Pulse

Companies must halve their emissions by 2030 and cut them 90-95% under 2015 levels before 2050 to meet net zero emissions targets endorsed by the Science-Based Targets initiative (SBTi), with only the remaining output neutralised through carbon removals.

ESG commodities marketplace Xpansiv’s CBL platform on Thursday said it will introduce a new standardised voluntary emissions reduction (VER) contract based on initial principles recommended by the Taskforce on Scaling Voluntary Carbon Markets (TSVCM).

China released its updated climate plan under the Paris Agreement on Thursday, but without raising its emissions reduction ambition levels.

A British company has launched what it claims is the world’s smallest industrial carbon capture solution, a technology aiming to overcome a key barrier to widespread CCUS adoption and industrial decarbonisation, the company said on Thursday.

EUAs rallied steadily on Thursday morning after a sharp drop at the open, as energy markets reacted to reports that Russia may boost natural gas supplies to Europe from early next month.

Oil major Shell will target a 50% absolute cut in its Scope 1 and 2 emissions by 2030, the company said in Q3 results on Thursday, adding that part of the goal would be met by a "limited amount" of offsets.

The Asian Infrastructure Investment Bank is recruiting a Climate Change Specialist/Senior Climate Change Specialist to support operationalization of Paris Alignment commitment through road testing and distilling lessons from project level work.

Australian carbon credits jumped another 4.4% to a new record high in Thursday trade, as a lack of available spot supply continued to underpin the recent bull run.

Japan is eager to scale up offset generation under its Joint Crediting Mechanism (JCM), and this week proposed at the Japan-ASEAN Summit to open the scheme up to CCUS projects, with intentions to study possibilities for a large-scale JCM CCUS facility in South East Asia.

Major fossil fuel exporters can accelerate the energy transition by mastering future growth in the global hydrogen trade, a report from an energy consultancy released on Thursday claimed.

Two financial institutions on Thursday announced a new joint carbon fund targeting voluntary offset buyers in Asia and Australia, starting with a $500-million portfolio of nature-based credits.

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

Responsible for marketing power and green house gas (GHG) products on behalf of the Sempra Gas & Power Marketing, LLC (SGPM) including, but not limited to, energy, resource adequacy (RA), carbon allowances, carbon offsets, renewable energy credits (RECs) and other structured products. In addition, responsible for new market initiatives and participating in the development of strategies related to sustainability and Net Zero goals.

California handed out the last batch of offsets this week prior to the third full compliance deadline for the WCI carbon market, while the number of credits with no invalidation risk swelled due to a large forestry project, according to data published by state regulator ARB on Wednesday.

Clean energy tax credits appear to be the last climate component of US President Joe Biden’s social spending bill that may survive Congressional cuts, but experts said Wednesday that these measures could still help meet the country's Paris Agreement targets.

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Pennsylvania Attorney General Josh Shapiro (D) on Wednesday indicated he may not support the state’s participation in the Northeast US RGGI carbon market if elected as governor next November, representing a potential rift with his current administration’s plan to enter the power sector cap-and-trade scheme.

Host nations can do more to tap the voluntary carbon market (VCM) to help stimulate clean technology investments and help meet their Paris emissions pledges, a multi-stakeholder report published on Wednesday found.

EU proposals for applying international banking rules are likely to shield the bloc's carbon market from being impacted by higher capital costs for banks, a financial industry body said on Wednesday. 

The UK will maintain over fiscal 2023-24 its freeze on the rate of its Carbon Price Support tax on power sector CO2 emissions, the finance ministry said in its budget on Wednesday, while cutting fuel duty on domestic flights and cancelling a planned rate rise for cars.