Carbon Pulse

Deforestation in Colombia's Amazon region is expected to climb again this year, as the first quarter of 2024 showed a 40% surge compared to the same period in 2023, the minister of environment said on Monday.

European Parliament members on Tuesday recommended that the EU make a concerted withdrawal from the Energy Charter Treaty (ECT), an international trade agreement, which they accuse of contradicting the Paris Agreement's goal to limit global warming to 1.5C.

European carbon prices rose for a fourth day on Tuesday morning as a robust reaction to a slightly below-average auction drove the market to a 10-day high amid marginally firmer energy prices.

The Tanzanian government has issued a letter of authorisation (LOA) to a carbon project developer, meaning credits generated from its cookstove activities in the country can apply corresponding adjustments when sold on the international market.

Germany, France and Italy spelt out their industrial policy priorities for the next European Commission on Monday, with a heavy emphasis on measures to defend the EU’s clean tech sector against US protectionism and Chinese dumping.

The European Parliament is set to approve a widely welcomed law this week designed to reduce potent methane emissions from the EU’s energy sector — although some worry it doesn’t go far enough to plug pollution from vast abandoned coal mines. 

A Japanease oil and gas company has joined a trading house and bioenergy hopeful to produce sustainable aviation fuel (SAF) via a biomass project on the US Gulf Coast, where the bulk of its LNG exports depart.

The NZU price has fallen 6% this week, with market participants saying there is nothing stopping it from sinking lower as a result of weak demand and a lack of policy direction coming from the government.

The operator of the Philippines’ national carbon registry has teamed up with a Brisbane-based company to promote green hydrogen solutions, as part of a strategy to encourage the creation and trading of Paris-aligned carbon credits.

A climate software firm is launching a new tool to help companies report under the EU's Corporate Sustainability Reporting Directive (CSRD), which will see more than 50,000 companies worldwide submit new sustainability data to Brussels.

One of the largest steelmakers in China has begun to simulate carbon trading under the national emissions trading scheme, as the government prepares to bring steel to the world's largest CO2 market.

So-called responsible investors are shirking their duties to push for company directors with better climate policy, according to a report released Tuesday.

The Australian government appears to be downgrading its biodiversity conservation targets, a peak nature body has warned, based on information in a recent consultation.

A Canadian fund that develops offset projects across North America revealed Monday that it has entered a long-term agreement with a Belgian chemicals company to reduce GHG emissions at its mine in Wyoming.

A subsidiary of an Illinois energy firm has announced plans to reduce the capacity of a proposed CO2 pipeline by roughly a third following public backlash, according to recent testimony.

The number of entities registered with active accounts in Washington’s cap-and-trade programme increased in Q1 under the spectre of the scheme's potential repeal.

RGGI Allowance (RGA) prices retreated from the highs of the previous week as observers anticipate continued volatility in the absence of a market signal and amid ongoing silence from member states regarding proposed programme changes.

The UK’s Transition Plan Taskforce (TPT) on Tuesday unveiled its latest sector-specific transition strategy to guide businesses in their plans to reach net zero, with sections including recommendations for voluntary carbon market engagement.

A Toronto-headquartered carbon project financier announced Monday that it has received the first-ever correspondingly-adjusted and Article 6 authorised credits.

An analysis of the voluntary climate commitments made by 51 of the world’s biggest corporations show their emissions would decrease by as little as 30-33% by 2030 compared to 2019 levels — short of the 42-48% reduction needed to keep global warming within 1.5C.