Carbon Pulse

The European Commission is seeking experts to provide advice on the implementation of emissions trading in the EU's buildings and road transport sectors.

One of the UK’s largest emitters is building 349 MW of new gas power generation capacity to meet peaks in demand, while also advancing CCS plans for its existing thermal output. 

An oil major claiming climate neutrality on certain products derived from carbon credits purchases lacks sufficient credibility to justify the label, a German court has ruled, with the provider of the offsets on Wednesday signalling a long-planned move away from such claims in its advice to clients.

Large middle-income countries like Brazil and China should top the priority list of biodiversity funding, analysts at BloombergNEF said Wednesday as they laid out options and priorities for the world to scale up nature finance to the required $1 trillion per year by 2030.

Swiss commodity trading firm Vitol and Nigeria’s sovereign wealth fund (NSIA) have completed a joint venture to invest in a range of carbon avoidance and removals projects in the oil-producing African nation, with an initial $50 million pledged, according to a release on Wednesday.

US software giant Salesforce released its Nature Positive Strategy on Wednesday, including details around strengthening its nature-related disclosure metrics as well as a $10-million spend on blue carbon credits.

EU carbon prices resumed their upward trend on Wednesday, setting a new three-week high as the market edged towards the €100 mark in increasingly thin trading ahead of the Easter break.

A viable investment case for near-zero emission steel projects is within reach in Europe and North America, opening up the possibility to put the steel sector on a Paris-aligned emissions pathway by 2030, according to a report released on Wednesday.

Companies with industrial operations in Australia have announced new investment in decarbonisation tech following the passage of the strengthened Safeguard Mechanism through parliament, while the Western Australian EPA has published its final GHG guidance for heavy emitters.

An Australian carbon credit provider has launched an online platform specifically catering for smaller volume transactions, in a bid to provide organisations with lower carbon footprints access to high quality credits.

Oil companies shouldn’t lose sight of the long-term implications for their business models of an eventual peak in fossil fuel demand, despite their citing of energy security concerns and record-high profits on the back of high energy prices prompting sentiment to maintain robust oil and gas production levels, analysts have told Carbon Pulse.

One of Australia’s “Big Four” banks has tokenised Australian Carbon Credit Units (ACCUs) and issued it as a stablecoin on the blockchain as part of a pilot run with a carbon credit tech company.

A daily summary of our news plus bite-sized updates from around the world.

The role is new and will be the first hire in DelAgua’s carbon sales team, presenting an opportunity for the successful candidate to shape a key contributor to DelAgua’s future. The successful candidate will be expected to monetize and trade the company’s carbon assets through different sales channels.

The Massachusetts Department of Environmental Protection (MassDEP) on Tuesday published a stakeholder discussion document detailing its intent to implement a Clean Heat Standard (CHS) as quickly as 2024.

A US-based environmental non-profit released an analysis of the RGGI programme on Tuesday, finding that participation significantly contributed to efforts to reduce CO2 pollution and benefitted consumers, while urging RGGI states to direct improvements arising from the ongoing third programme review towards environmental justice communities.

An offset registry and standards body on Tuesday countered criticism from a recent academic study that alleged over-crediting in improved forest management (IFM) protocols used in both voluntary and compliance carbon markets.

Clean cookstove projects need a carbon credit price of around $10/tonne to maintain the viability of the market and drive innovation, a webinar heard Tuesday, which is far higher than the current levels for standardised spot prices for the sector.

A Toronto-headquartered voluntary carbon credit investor is looking to diversify its existing portfolio of clean cookstove projects with an afforestation and reforestation (AR) endeavour, while reporting a net loss in the fourth quarter, according to a recent financial filing.

On March 29th, a group of climate leaders including Zeke Hausfather of Stripe, Alicia Seiger of Stanford, Elizabeth Sturcken of Environmental Defense Fund, Zack Parisa of NCX, and moderator, Shyla Raghav from CO2 – TIME gathered in NCX’s “Treehouse” in San Francisco to discuss and debate the challenges facing nature-based solutions, and the voluntary carbon market. Here are a few takeaways from their discussion.