Carbon Pulse

A large Australian iron ore miner with huge decarbonisation and green energy dreams took a step closer to achieving that Wednesday with the signing of a $2.8 billion deal to electrify two-thirds of its haul truck fleet in the north of Western Australia.

The European Commission gave its green light Tuesday evening to a proposal by The Netherlands and Austria to unilaterally extend the scope of their Emissions Trading Scheme for heating and transport fuels (ETS2) to vehicles used in agriculture, as well as railways, and – in the case of Austria – domestic and international flights.

Indonesia and Japan are seeking to finalise an agreement that promotes mutual recognition of bilateral carbon trade this month, a move believed to be aligned with the Paris Agreement Article 6, according to a government official.

The NZU market has been drifting through calm waters with prices largely rangebound in line with market expectations, as it now looks to the supply shortfalls on the horizon. 

New Zealand-headquartered dairy co-op Fonterra cut operational emissions by 18.5% in FY2024, according to its annual report published Wednesday, but has made little little progress on its Scope 3 emissions.

Climate action from Azerbaijan, the host of the UN's COP29 summit in November, has been rated "critically insufficient" by an independent analysis group, according to a report released on Sep. 24.

A Berlin-headquartered environmental trading platform has partnered with a Bangkok-based consultancy to launch Southeast Asia Carbon Coalition (SEACC) for tackling climate change and biodiversity loss, the partners announced Wednesday.

Biodiversity monitoring and protection has taken centre stage in talks around forest carbon credits at the Climate Week NYC, with standards, project developers, and policymakers pushing for more nature accounting within the market.

Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.

The UK’s international development fund is backing voluntary carbon market (VCM) projects but does not seek to fund Paris Agreement Article 6 initiatives at this time, the group’s climate lead told Carbon Pulse on the sidelines of Climate Week NYC.

A global tech giant has paid for the removal of 8,000 tonnes of CO2 over five years through a US-based company’s enhanced rock weathering (ERW) technology, according to an announcement on Tuesday.

Companies need to begin tackling their emissions beyond the value chain if they want to credibly work towards net zero - taking responsibility for what it takes to meet their targets, and being transparent when they fall off track, according to recommendations released by a standards-setter during Climate Week NYC on Tuesday.

Novel data on global methane emissions, collected by two satellites launched this past year, will be published in early 2025, project proponents said during Climate Week NYC on Tuesday.

The US Environmental Protection Agency (EPA) has requested the country’s Supreme Court (SCOTUS) to deny stay applications filed by Republican-backed states against the agency’s rules to limit methane output from the oil and gas sector.

A US-based CO2 removal (CDR) company announced Tuesday that it has sold nearly 400,000 tonnes of biochar credits to an undisclosed US buyer.

The US Federal Energy Regulatory Commission (FERC) has dismissed a complaint from the Virginia Municipal Electric Association (VMEA) that Dominion Energy improperly accounted, and subsequently over-charged, for its RGGI costs.

A US-based coalition of carbon management companies published on Tuesday a report highlighting the synergies between the carbon dioxide removal (CDR) industry and electric utilities working towards decarbonisation.

A tech company has partnered with a major price reporting agency to launch a trading platform for the voluntary carbon market that will focus on the exchange of tech-based carbon offsets, the companies announced Tuesday.

A group of Global South community-based climate organisations is calling on the Science Based Targets Initiative (SBTi) to allow companies to use carbon credits to offset their Scope 3 emissions, they announced on Tuesday.

A not-so-mature transition of the Polish steel industry is slowing decarbonisation in the country and in the EU, according to analysts who are urging Warsaw to "make a decision now, not later".