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DATA DIVE: Voluntary carbon market on course for record annual credit retirements

Published 17:27 on December 20, 2024  /  Last updated at 17:27 on December 20, 2024   / /  Americas, Asia Pacific, Data Dive, EMEA, Nature-based, Voluntary

Based on data so far in December from major registries, the voluntary carbon market is set to record its biggest year ever for credit retirements, new analysis from Carbon Pulse shows. Read More
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LATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes

Published 16:04 on December 20, 2024  /  Last updated at 16:04 on December 20, 2024   / /  Americas, Aviation/CORSIA, Carbon Taxes, Climate Talks, International, Mexico, Nature-based, Paris Article 6, South & Central, Voluntary

Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms. Read More
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New Mexico releases draft rules for clean transportation fuel programme

Published 00:16 on December 21, 2024  /  Last updated at 00:16 on December 21, 2024   / /  Americas, RINs & LCFS, US

The New Mexico Environment Department (NMED) released Thursday a discussion draft of its future Clean Transportation Fuel Standard (CTFS), inviting public comments until mid-January. Read More
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WCI Q1 auction sees allowances drop after Q4 rise

Published 22:27 on December 20, 2024  /  Last updated at 22:27 on December 20, 2024   / /  Americas, Canada, US

The California-Quebec joint WCI auction in February will offer a lower volume of allowances in the first quarterly allowance sale of 2025 than it did in the last of this year, according to a Friday notice from California regulator ARB. Read More
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Carbon standard publishes first protocol for crediting removals in mining sector

Published 15:31 on December 20, 2024  /  Last updated at 15:31 on December 20, 2024   / /  EMEA, Nature-based, Voluntary

A carbon removal standard has published the first protocol for durable carbon removal (CDR) in the mining industry. Read More
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Gold Standard to make decision on new CLEAR cookstove methodology next year

Published 13:45 on December 20, 2024  /  Last updated at 13:45 on December 20, 2024   / /  Africa, Americas, Asia Pacific, EMEA, Voluntary

Gold Standard has confirmed to Carbon Pulse that it will make a decision on whether, or how, to integrate the UN-backed CLEAR clean cooking methodology within its carbon crediting programmes in 2025. Read More
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One-third of local authorities unaware of impact of UK ETS expansion on waste sector, finds survey

Published 13:19 on December 20, 2024  /  Last updated at 13:19 on December 20, 2024   / /  EMEA, UK ETS

Around one-third of local authorities are unaware of how the upcoming expansion of the UK carbon market will impact incineration and energy recovery of waste, a survey has found. Read More
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"Last throw of the dice": UK council targets carbon removal to support negative emissions goal

Published 13:07 on December 20, 2024  /  Last updated at 13:07 on December 20, 2024   / /  EMEA

A UK council announced this week it has become the first local authority to commit to a beyond net zero strategy, with plans to help scale carbon removal (CDR). Read More
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Euro Markets: EUAs end marginally higher despite healthy TTF gain, as activity starts to wind down

Published 12:47 on December 20, 2024  /  Last updated at 21:26 on December 20, 2024   / /  EMEA, EU ETS, UK ETS

Volatility and trading volume in European carbon allowances diminished on Friday, while prices were marginally higher at the close despite a healthy gain in TTF gas, leaving EUAs with a 5.9% weekly gain as market participants started to clear their desks ahead of the holiday break. Read More
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CFTC: Both producers and managed money dilute V25s across WCI, RGGI carbon markets

Published 01:57 on December 21, 2024  /  Last updated at 01:57 on December 21, 2024   / and /  Americas, Canada, US

Producers and managed money narrowed their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net V25 length, even as the groups continued to build their open interest (OI) in the vintage year across both markets, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed. Read More
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Finnish carbon project developer expands into green steel with biochar solution

Published 11:33 on December 20, 2024  /  Last updated at 13:16 on December 20, 2024   / /  EMEA, EU ETS, Voluntary

A Helsinki-headquartered project developer has unveiled plans to decarbonise heavy industry by introducing biochar as a biogenic alternative to fossil-based products in steelmaking. Read More
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ANALYSIS: 2024 ends in frustration for nature with trust among countries at low ebb

Published 10:10 on December 20, 2024  /  Last updated at 10:12 on December 20, 2024   / /  Americas, Asia Pacific, Biodiversity, EMEA

Frustration over inaction on the nature crisis has built following the overall poor outcomes of this year's international talks, in what is described as an unprecedented climate of distrust, with observers arguing 2025 could be critical for global efforts on biodiversity. Read More
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Washington's CFS won't incentivise biomethane investments, industry warns

Published 01:39 on December 21, 2024  /  Last updated at 01:39 on December 21, 2024   / and /  Americas, RINs & LCFS, US

Dairy industry members were dissatisfied with Washington’s proposed revision to its Clean Fuel Standard (WCFS), arguing that the regulator’s considerations for biomethane fell short of incentivising investment.  Read More
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Canada publishes first climate disclosure standards

Published 22:35 on December 20, 2024  /  Last updated at 22:35 on December 20, 2024   / /  Americas, Canada

Canada’s first sustainability and climate disclosure standards were published Wednesday, enabling companies to voluntarily adopt the measures until mandated by provincial and territorial securities regulators. Read More
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Global consultancy plans to hit net zero by 2025 with nature-based removals

Published 12:15 on December 20, 2024  /  Last updated at 12:15 on December 20, 2024   / /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Global consultancy Accenture is investing in nature-based carbon removals to tackle residual emissions and reach its net-zero target by 2025, the company revealed this week. Read More