Carbon Pulse

Dozens of environmental advocacy groups and over 20 state attorneys general separately filed motions this week to intervene in a lawsuit filed against the US Environmental Protection Agency (EPA)’s vehicle emissions standards.

A Canadian CCS firm and an Iceland-based CO2 mineral storage operator on Thursday announced a partnership to explore storage potential in Quebec.

Two of the world’s largest investment firms have raised $1.4 billion for their inaugural late-stage venture capital and growth private equity investment fund that is targeting companies accelerating the low-carbon transition.

A nature-based trading startup announced on Thursday that it has secured nearly €5.3 million ($5.7 mln) in seed funding to advance its operations and introduce additional offset projects to its platform.

The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project's owner failing to be notified about it.

A Canada-based carbon project financier has agreed to pay $5.6 mln to acquire several gross revenue royalties on a portfolio of improved forest management (IFM) offset projects in the southeastern US.

Drives for greater integrity in the voluntary carbon market, such as classification of high-quality projects by rating agencies, will help to instil greater confidence in the market, bolstering demand and reducing oversupply so that prices could exceed $230 per tonne in the 2040s, according to analyst research heard on a webinar today.

The pipeline of global carbon capture, utilisation, and storage (CCUS) initiatives is growing rapidly, but the nascent industry is struggling to fully develop these projects, a representative from the International Energy Agency (IEA) said on Thursday. 

A British forest carbon startup has raised $12 million in Series A funding, just seven months after it announced funding of $2.2 mln at pre-seed level.

The US Environmental Protection Agency (EPA) on Thursday finalised a suite of standards for new and existing fossil-fuel power plants to reduce 90% of their emissions, which also envision an important role for carbon capture and storage (CCS).

Trading in European carbon allowances sparked into life in the afternoon as EUA and gas prices spiked on reports that the EU may propose a ban on transshipment of Russian LNG, after the morning has seen prices move in a relatively narrow range on lower than normal volume.

Just five local authorities in England out of the over 300 assessed are sufficiently prepared to enable the creation of conservation agreements for developers to meet biodiversity net gain (BNG) requirements, with delays likely, a law firm has said.

A veteran carbon and energy sales trader has left one of Canada’s big banks after more than 15 years of service, Carbon Pulse has learned.

A REDD developer in Tanzania is seeking to boost the selling power of its avoided deforestation projects by assessing the social impact of investment.

UK energy company Drax Group has completed a major refinancing plan to extend operations beyond 2027 as it waits on the government to decide on extra subsidies to retrofit its biomass plant with carbon capture technology, it announced Thursday.

The European Parliament gave its blessing on Thursday to plans aimed at producing 40% of the bloc's annual needs for net-zero technologies domestically by 2030, thanks to funds partially coming from emissions trading revenues.

A set of 50 metrics for investors to measure corporate progress on biodiversity action has been released by Nature Action 100 (NA100) in its benchmark.

Carbon removals based on nature-based solutions are generally preferred to engineered approaches amongst the general public in 22 countries, according to a study published on Wednesday.

The Saudi Arabian company set up to drive voluntary carbon market growth has selected Xpansiv, the owner of the CBL marketplace, to provide the technology infrastructure for its carbon credit exchange.

A Chennai-based developer is planning to invest $150 million in several carbon offset projects in India and Sri Lanka within the next 12-18 months, it announced at a conference this week.