Carbon Pulse

An advance market commitment for nature-based carbon removal, made up of a group of large technology companies, has launched its first request for proposals including methodology-related critera, as it aims to contract up to 20 million credits by 2030.

The UK’s publicly-owned Great British Energy entity needs to narrow down its role in helping the country decarbonise, to avoid spinning too many plates and losing public support if it fails to produce compelling outcomes, industry experts said on Wednesday.

Buyers club Frontier will offer grants to support the identification of reactive rock deposits suitable for carbon removal (CDR) projects.

An advisory body to the Hong Kong government has outlined the main steps needed to establish itself as a major carbon trading hub, focusing on securing a position as a link between Mainland China and the global market.

Action on nature could be boosted by blended finance, sending whole-of-government signals, and larger transactions, financiers said during a UN Environment Programme Finance Initiative (UNEP FI) event in Switzerland on Tuesday.

A Scottish carbon removals company has signed a deal to permanently store 50,000 tonnes of CO2 in a depleted North Sea oilfield, it announced on Wednesday.

A US oil and gas company announced plans Wednesday to plough up to $30 billion in "low emissions opportunities" between 2025 and 2030, with almost 65% spent on reducing climate impact for third-party customers.

An international consultancy has secured a contract to manage the world’s first gas-fired power station with carbon capture and storage (CCS), which could sequester up to 2 million tonnes of CO2 a year, and received financial approval on Tuesday.

Biodiversity credit markets are unlikely to be effective for nature if they function as offsets, as they will require an excessive amount of regulation to check they are achieving credible gains for nature, according to a group of UK academics.

Europe still has a chance to compete with China and the US on clean technologies like offshore wind, power grids, heat pumps, and electrolysers, provided it can make the right decisions and act swiftly, according to the executive director of the International Energy Agency (IEA).

Researchers have found a potential new way of using CO2 to create valuable products such as fuel, a Korean university announced on Wednesday.

Environmental corporate commitments have broadened over the past couple of years, driven by an unprecedented increase in biodiversity-related target setting among some of the world's biggest companies, according to global consulting firm McKinsey.

European carbon prices strengthened on Wednesday morning as the market focused on the expiry of the December options contract shortly after midday, while weekly positioning data showed investment funds continued to add to their net long positions last week, amassing the biggest bullish bias in 20 months.

Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.

The production of sustainable aviation fuel (SAF) is growing in volume, but at a very slow rate, industry association International Air Transport Organisation (IATA) said this week.

A Stockholm-based climate funding platform has secured $5 million from US software giant Salesforce to scale early-stage carbon removal funding, the company announced on Wednesday.

The Bursa Carbon Exchange (BCX), subsidiary of Bursa Malaysia, has initiated trading of Gold Standard-certified voluntary carbon credits, it announced Wednesday.

The New Zealand government’s second Emissions Reduction Plan (ERP) means it will have to rely more on overseas carbon credits to meet its 2030 Nationally Determined Contribution (NDC), according to Labour Party MP and spokesperson on climate change Megan Woods.

California’s electricity distribution utilities (EDUs) are the only major group receiving higher free allowances in 2025 compared to 2024 allocation in the WCI cap-and-trade programme, according to a notice from regulator ARB.

European carbon prices are rising as renewed uncertainty over gas supplies and adverse weather conditions lift demand for allowances, analysts said, predicting that EUAs could climb into the mid-€70s within the next month as new supply flows are briefly halted.