Carbon Pulse

The UK remains interested in linking its emissions trading scheme with other markets, but needs to determine how this would work in practice to ensure that it makes sense for the market and businesses involved, a government official said on Thursday.

EU carbon prices were modestly firmer at midday after a volatile morning saw levels fluctuate in a nearly €3 range, following significant swings in natural gas prices as traders considered supply issues in the US Gulf.

An international standard-setting body on disclosures has been urged by its staff to ramp up efforts in researching biodiversity, as companies are showing an increasing interest in improving assessments of nature-related risks and opportunities.

UK supply renewables chains are ill-prepared to meet renewable deployment targets for net zero, a new report commissioned by the government has warned. 

A UK-based market intelligence and carbon credit procurement platform has partnered with a Southeast Asian private sector alliance to support the growth of voluntary and compliance carbon markets in the region, it announced  Thursday.

In Indonesia, an area the size of Singapore has already been deforested to supply the nation’s booming nickel industry, and eight times that amount of forest could be under threat, according to a report released Thursday.

Australia's state of Queensland on Thursday passed legislation to reduce the state’s emissions by 75% by 2035, as well as to achieve 80% renewable energy generation by the same date.

India is one of the most vulnerable countries to global warming, but neither the political parties nor the voters have climate change issues high up on their agenda as the world’s largest democracy begins its elections on Apr. 19.

The first Coal to Clean Credit Initiative (CCCI) pilot project could see more progress this year, according to the developers, who eye avoiding up to 19 million tonnes of CO2 emissions with the early phase-out of a Filipino coal plant.

Experts expressed mixed views on the European Commission's proposed methodologies to certify different types of carbon removal activities under the EU's Carbon Removals Certification Framework (CRCF), with some observers welcoming bold elements of the proposals and others criticising them on structural or methodological grounds.

The Australian government is expected to ‘imminently’ release a discussion paper on the rework of its landfill gas methodology and likely finalise it by the end of the year, but market participants are still left guessing what will be done with one of the market's biggest-yielding project types.

Gold Standard has approved its first geological storage methodology as it steps into the carbon removal (CDR) sector that is starting to shift from a niche market into the mainstream.

Denmark’s Energy Agency (DEA) has awarded three contracts to companies for new carbon capture and storage projects after completing the funding round for negative CO2 emissions (NECCS).

The Department of Environmental Quality (DEQ) is delayed in updating its carbon intensity (CI) model adjustments for Oregon’s Clean Fuels Program (OCFP), but staff targets rulemaking completion towards the original planned date, a webinar heard Wednesday.

An environmental assets marketplace on Wednesday introduced a new line of carbon removal credits via a recently-introduced biochar trading instrument.

A UK-headquartered asset manager and Sweden-based forestry development firm closed an inaugural $325.3 million fund that targets over 18 mln tonnes of CO2 removal across 80,000 hectares of forest.

The US Department of Energy (DOE) announced Wednesday recipients selected for $1.5 million in prize money among several ongoing competitions to develop commercial-ready CO2 direct air capture (DAC) technologies.

Opposition to proposed Low Carbon Fuel Standard (LCFS) regulations from environmental justice (EJ) communities, if left unsettled, places significant pressure on how quickly a final rule could take effect, a former ARB LCFS branch chief told a webinar Wednesday.

A US venture capital (VC) firm announced Tuesday the close of a $306 million fund that it said will focus on planetary and human health, with an emphasis on decarbonisation and re-industrialisation.

US Steel’s recently announced carbon capture project at its integrated Indiana steel mills will have an insignificant impact on overall GHG output and ongoing pollution concerns, non-profit groups said Wednesday.