Carbon Pulse

Norway continues to support blue hydrogen solutions, a top Norwegian official stated Sunday at New York Climate Week.

Net zero commitments across countries, cities, regions, and companies have seen progress, but 40% of non-state entities, including major companies like Tesla, Nintendo, and Berkshire Hathaway, still lack emission reduction or net zero targets​, according to new research.

A flagship UK airline has become the biggest purchaser of carbon removal (CDR) credits in the UK, and the world’s largest CDR buyer in aviation, through a deal announced Monday.

Colombia’s ETS is set to launch in 2025, building upon recent momentum in the country’s years-long process, a top official told Carbon Pulse on the sidelines of New York Climate Week on Sunday.

Rising ground-level ozone levels are significantly reducing the productivity of tropical forests, undermining their ability to act as a crucial carbon sink, researchers warn.

The Sri Lankan government has published a list of project activities across six sectors that will be eligible to generate credits under Article 6 of the Paris Agreement.

The UN Fund for Responding to Loss and Damage (FRLD) crystallised its institutional arrangements at the third meeting of the board held in Baku last week.

Financial entities once again favoured V25 California Carbon Allowances (CCAs) while producers preferred the current year vintage, and both trimmed net length in RGGI allowances (RGA), according to data published Friday by the US Commodity Futures Trading Commission (CFTC).

A Japanese trading house has entered into a joint venture with a US carbon capture and storage (CCS) developer to sequester up to 10 million tonnes of CO2 annually across North America by 2030, according to reports.

US-based Constellation Energy plans to restart the Three Mile Island nuclear power plant, which was closed in 2019, under a 20-year deal with Microsoft to supply carbon-free energy to its data centres.

The US Department of Energy (DOE) will fund up to $1.8 billion of mid-scale and large-scale direct air capture (DAC) facilities, according to a Notice of Intent (NOI) issued on Friday. 

Climate Asset Management (CAM) has secured over $1 billion to invest in natural capital initiatives such as regenerative agriculture, as investor demand for projects aimed at improving soil health, planting trees, and rehabilitating land continues to grow, the firm’s CEO has said.

The majority of automakers in Europe and North America have not set targets for integrating fossil-free steel, according to a report released Wednesday. 

The California-Quebec joint WCI auction in November will offer a higher volume of allowances this quarter following Q3's year-to-date nadir, according to a Friday notice from California regulator ARB.

An offshore aquaculture company based in the Faroe Islands has received €2.5 million from a fund managed by the investment arm of a Dutch bank.

The carbon removals (CDR) market needs offtake agreements with built-in de-risking measures to scale and offer attractive credit prices, a dealmaker told Carbon Pulse.

Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.

The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.

Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.

With the European Commission’s new lineup it will be the EU’s climate action commissioner who will handle taxation policy, a move hailed as a “breakthrough” by a top official, although it is still unclear who will be in charge of the EU’s Carbon Border Adjustment Mechanism (CBAM).