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California and Quebec on Thursday presented an accounting mechanism to help account for cross-border allowance and offset transfers under the WCI-linked carbon market and prevent double counting.

The number of California-registered carbon market accounts slowed during the second quarter of the year, according to state data published Thursday, as this coincided with a stagnation in allowance prices in the WCI programme.

The landmark ruling curbs federal power to limit greenhouse gas emissions in a setback for President Biden.

Offset standard manager and developer Verra on Thursday proposed four new carbon crediting labels to meet the Integrity Council for Voluntary Carbon Markets' (IC-VCM) Core Carbon Principles due out later this year, including on project type, removals, and Paris Agreement compatibility.

European energy exchange EEX is changing the International Securities Identification Numbers (ISINs) of its spot EU emissions allowance contracts following a joint request from the European Securities Markets Authority (ESMA) and the European Commission.

Labor has promised a 43% cut in Australia’s emissions by 2030 and a high-integrity carbon credit market is vital to reaching this goal. Andrew Macintosh, Professor and Director of Research, ANU Law School, Australian National University Don Butler, Professor, Australian National University Megan C Evans, Senior Lecturer and ARC DECRA Fellow, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

The EPA ruling means it may now be mathematically impossible through available avenues for the US to achieve its greenhouse gas emissions goal

The US supreme court’s overturning of Roe v Wade was a direct attack on women. It will result in countless deaths, especially among vulnerable women, and it set civil liberties in the United States back by half a century. Now, the court has made yet another devastating decision for humanity.

In a 6-3 decision, the openly partisan and undemocratic court ruled in favor of a lawsuit brought by fossil-fuel-producing states against the Environmental Protection Agency (EPA). The decision strips power from regulatory agencies and advances the Republican goal to end government oversight. In particular, it eliminates one of the only remaining avenues for systemic federal climate action: using the Clean Air Act to phase out fossil fuel power plants. As a result, it may now be mathematically impossible through available avenues for the US to achieve its goal of halving greenhouse gas emissions by 2030, which is anyway feeling dangerously unambitious in light of recent climate disasters.

Peter Kalmus is a climate scientist and author of Being the Change: Live Well and Spark a Climate Revolution

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The UK government has launched a tender to select a platform to host auctions for UK emissions trading allowances (UKAs), with a decision expected to be taken in the coming months ahead of the first auction at the start of next year.

Experts at Sylvera’s carbon market summit on Thursday said that huge changes are coming to the voluntary carbon market (VCM) over the coming months as private and public initiatives shore up guidance to address credibility concerns.

EU environment ministers want an automatic EUA supply injection to prevent excessive price fluctuations in the bloc’s carbon market, according to a document published on Thursday that suggests legislators are all-but certain to agree to beef-up the market's Article 29a mechanism.

A philanthropic organisation has announced a multi-million-dollar distribution of funding across seven cities from Europe and the United States for the adoption and scaling of biochar carbon removal.

A new crediting methodology was published on Thursday to quantify carbon removals through the regeneration of Spekboom Thicket, known locally as ‘elephant bush.’

EU plans to including shipping in its ETS will fuel further inflation and could change trade flows as vessels try to evade carbon costs, a conference heard on Thursday.

EU legislators are striving to avoid any delays on ETS reforms, with inter-institutional talks set to start as early as July, a senior diplomat told Carbon Pulse on Thursday, just two days after member states reached a unified approach on five key Fit for 55 climate policy proposals.

Two start-up carbon investment firms have inked a deal to develop and sell $100 million worth in “ultra-high quality” credits from emerging markets.

The extermination of 15 million animals and unnecessary shutdown of an entire industry has cost taxpayers billions

The Danish government lacked legal justification and made “grossly misleading” statements when it ordered a mass mink extermination two years ago, according to an official inquiry into Europe’s first compulsory farm sector shutdown, which has cost taxpayers billions in compensation to farmers.

In November 2020, Denmark, the world’s largest mink producer, announced it would kill its entire farmed mink population of 15 million animals, because of fears that a Covid-19 mutation moving from mink to humans could jeopardise future vaccines.

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Restricting the access of speculators in the EU ETS would achieve little and could lead to undesired consequences, a senior European Commission official told a conference Thursday in remarks that reinforce the EU executive's scepticism about lawmaker efforts to curb carbon market access.

The conservative-dominated US Supreme Court ruled on Thursday the EPA cannot pursue generation shifting and cap-and-trade as a means to reduce power sector CO2 emissions, in what critics described as a massive blow for President Joe Biden’s climate change mitigation efforts. 

Ministers urged to toughen law to help restore carbon sinks, as figures point to illegal burning

The government is failing to protect peatlands in England, conservation groups have warned, with the country at risk of losing more of its most efficient carbon sinks.

Figures obtained by Wildlife and Countryside Link suggest illegal burns of the areas, which are important for biodiversity and carbon sequestration, are likely to have taken place.

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EUAs clawed back much of Wednesday's late decline amid continued steady buying while energy prices advanced on reports of a possible government bailout for a major German gas supplier.