Carbon Pulse

New fiscal rules approved on Tuesday by the European Parliament will make it even harder for EU member states to invest in green projects, thus slowing down the energy transition and efforts to reduce emissions, according to Greens party lawmakers and environmental groups.

The Biodiversity Consultancy (TBC) has developed a globally applicable tool to assess the potential impact of investments on biodiversity, seeking to catalyse flows of resources towards nature-positive outcomes.

An international standard-setting body on disclosures announced Tuesday it will include biodiversity research in its priorities for the next two years, paving the way for potential new requirements on nature for investors.

The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.

Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.

A partnership with an agricultural technology firm is set to enable a bioethanol producer with field-level assessment of carbon intensity (CI) of biofuels feedstock and the ability to leverage federal tax credits.

The government of Northern Ireland has launched consultations on two initiatives aimed at enhancing ocean conservation, as it seeks to strengthen biodiversity monitoring and hasten the restoration of marine and "blue carbon" habitats.

An urban innovation hub in Toronto is buying carbon removal credits for an average C$715 ($522) each from five Canadian startups, it said Tuesday.

The Finance for Biodiversity Foundation (FfB) has released a set of recommendations for policymakers to align financial flows with the Kunming-Montreal Global Biodiversity Framework (GBF).

European carbon prices were little changed at midday on Tuesday after earlier rising by as much as 1.4% amid wider gains in energy markets, as traders appeared to be taking a cautious approach ahead of Wednesday's Commitment of Traders data.

The UN’s special rapporteur on the rights of Indigenous People has called for a moratorium on voluntary carbon markets to stop human rights violations.

Some 160 financial institutions, with $15.5 trillion in collective assets under management, have called for an ambitious international treaty to end plastic pollution, in a statement led by the UN Environment Programme Finance Initiative (UNEP FI).

Asia is warming faster than the global average, with warming trends in the region nearly doubling since the 1961–1990 period and the impact of heatwaves becoming more severe, said the World Meteorological Organization (WMO)’s report on Tuesday.

A credit management platform developed by banks has partnered with a UK project developer to deliver carbon credits that support home retrofit at scale, in a drive to decarbonise the UK's carbon-intensive housing stock.

China is on track to reach its carbon peaking and neutrality targets, though the country may only see its coal consumption fall by one-third by 2040, a report has found.

A Singapore-based environmental venture and a global natural capital firm have partnered to launch a new fund tied to Article 6 deals with governments, the two announced Tuesday.

Industrial policy combined with climate goals can help to advance climate action, but it can also lead to protectionism and barriers that hinder clean technology progress, wrote climate and energy academics in a paper on Tuesday.

The Australian government learned important lessons from its environmental offset audit process, officials told a webinar last week, but is refusing to publicly release the full report on its findings.

India will allow foreign buyers to purchase carbon credits generated in the country, the administrator of the national market told a webinar this week, seeking to clarify the government's policy after market participants had expressed confusion about the eligibility of selling units abroad.

Multiple Australian companies have joined Qantas’ Sustainable Aviation Fuel (SAF) Coalition, opting to contribute to the cost of SAF rather than relying on carbon offsets, the airline said Tuesday.