Carbon Pulse

A major direct air capture (DAC) technology developer has partnered with a non-profit dedicated to supporting the carbon removals industry to harness philanthropic capital, creating a new avenue for individuals and organisations to contribute to removal efforts while receiving tax benefits.

The European Commission has approved a €1.2 billion Polish state aid scheme, under the bloc's recently relaxed subsidy rules, to support investments in sectors producing the equipment needed to transition to net zero emissions, it announced on Tuesday.

Ukraine's war-torn economy stands to bear some of the greatest strain from the full arrival of the EU's Carbon Border Adjustment Mechanism (CBAM), imposing a new carbon fee on goods that account for one-fifth of Kyiv's exports to the bloc - and billions in revenue.

Two veteran carbon traders have departed from a Europe-based commodities trading house this summer, Carbon Pulse has learned.

A Nairobi-headquartered company has sold Africa's first enhanced rock weathering (ERW) carbon credits, according to Bloomberg.

European carbon prices set a new five-month low before bouncing sharply on Tuesday morning as selling interest was said to have fallen away while options hedging demand picked up, with technical analysis also offering a strong bullish signal.

Fish populations in two large rivers in the US and China respond similarly to human-led changes in environmental conditions, a paper has said.

The world's largest companies are making gradual progress on emissions reductions and setting more significant climate targets, with more firms looking to use voluntary carbon credits to meet these goals, according to a report released Tuesday.

Singapore’s Climate Impact X (CIX) has appointed a permanent CEO after its chief operating officer had held the interim position for several months to replace Mikkel Larsen, while one of its existing board members will step up to chair the company.

US-based environmental credit platform Regen Network Development has reported the sale of over 92,000 biodiversity credits worth a total of $129,000, listed on its marketplace and generated by three separate developers.

A global investor statement was released Tuesday, with signatures of 534 financial institutions managing more than $29 trillion in assets calling for a whole-government approach to reaching nature positive and net zero emissions.

A Milan-headquartered company has launched its first industrial ocean CO2 removal (CDR) plant in Augusta, Italy.

The incumbent EU climate commissioner, Wopke Hoekstra, was re-appointed to the portfolio on Tuesday as European Commission President Ursula von der Leyen unveiled her new team that will lead EU policymaking in Brussels for the next five years.

Australia’s largest steelmaker has hit its mid-term climate goals early, reducing emissions intensity by 12% since 2018, far ahead of its 2030 target date.

Australian carbon market participants have urged the government to provide clear signals on which method developments it will prioritise to meet its climate goals, warning that the current lack of certainty is hampering investment.

India-based carbon removal developer Circonomy has teamed up with a horticulture solutions provider to ramp up biochar carbon credits in the country.

The Clean Energy Regulator’s (CER) carbon, renewable energy, and nature unit registry that is currently in development is set to be finalised in November, according to its acting chair.

Azerbaijan is putting climate finance at the centre of its agenda for the COP29 summit in Baku, with a series of initiatives and outcomes aimed at drumming up more public and private money including from fossil fuel-producing countries and companies, it announced on Tuesday.

Australia’s Clean Energy Regulator (CER) said it will provide an update regarding the volume of carbon credits that have been released during the latest exit arrangement window.

The Brazilian state of Acre unveiled two technical working groups on Thursday to help align its jurisdictional REDD (J-REDD) framework with the ART TREES standard, one of only two voluntary crediting programmes approved for the UN CORSIA aviation offsetting scheme.