Carbon Pulse

1PointFive, a subsidiary of oil firm Occidental, has secured up to $500 million in funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED) to support the development of its South Texas Direct Air Capture (DAC) Hub.

Staff at Washington state’s Department of Ecology (ECY) reviewed forthcoming Clean Fuel Standard (CFS) updates that will incentivise new decarbonisation projects over older ones, showing preference for those that impact the Pacific Northwest (PNW), during a pair of public rulemaking webinars over the past week.

A US-based renewable fuels producer said Thursday that it has completed a $210 million acquisition of an ethanol plant in North Dakota that will be used to produce sustainable aviation fuel (SAF).

Two research programmes focusing on maritime CO2 removal (mCDR) announced Thursday the selection of four research projects aiming to advance technologies for ocean-based carbon removal.

Flowcarbon, the climate tech startup co-founded by former WeWork CEO Adam Neumann, has reportedly started refunding investors after failing to launch its blockchain-based “Goddess Nature Token” (GNT).

Lawmakers in the European Parliament's environment committee held their first meeting dedicated to climate policy files on Thursday, possibly setting the tone for discussions lying ahead in the coming five-year mandate.

The investment climate for carbon removal (CDR) remains relatively cool, with difficult hoops for developers to jump through - making hard for them to attract funding, speakers said at an industry summit on Thursday.

Price risk for EUAs is "skewed to the upside" after recent gas-driven weakness, as upside price risk is increasing for natural gas ahead of the coming winter, according to an analyst at a major international bank who raised their 2024 price forecasts by just under 10% from a previous prediction in March.

Germany has joined a growing tide of opponents to the European Union's anti-deforestation law, as the country's Chancellor Olaf Scholz calls on the European Commission to suspend the regulation.

Airlines are struggling due to a lack of clarity with CORSIA, the UN's international aviation offsetting scheme, according to an executive at a German aviation group.

A Swiss direct air company will require $9 billion to reach its gigatonne-scale ambitions by 2030, a senior figure at the company said on Thursday.

A Canadian carbon removals (CDR) company announced Thursday it has received C$2.5 million ($1.8 mln) from two major banks.

Colombia’s finance ministry presented a draft financing bill this week that would almost triple the national carbon tax amid accusations that it remains too low to spur decarbonisation.

The G20 Initiative on Bioeconomy (GIB), led by the Brazilian government, launched 10 principles on Thursday covering topics such as inclusivity, location specificity, and traditional knowledge use.

Prospective employees in carbon dioxide removal (CDR) can expect competitive salaries in the small number of countries where it exists, according to a first-of-its kind survey of the sector, but the industry will need to grow rapidly in the coming years if it is to contribute to the world achieving its climate goals.

Clean cooking ITMO credits from a project in Malawi were bought on a trading platform this week and retired the same day, underlining demand for the burgeoning sovereign carbon market.

The Global Biodiversity Information Facility (GBIF) will launch a call for grant proposals in 2025 in several regions after receiving €4 million from the EU, in an outreach that will complement its work on ‘data cubes’, an executive has said.

A fintech startup focused on creating financial instruments tied to voluntary carbon credits has announced a partnership with a global blockchain-based platform for buying, selling, and retiring units.

Innovations in battery manufacturing, such as use of a ‘dry process’ to make electrodes, will be key to reducing cost and lowering the environmental footprint of producing lithium-ion batteries to be in line with the EU’s new Batteries Regulation, say experts.

Australia’s Labor government has introduced its Guarantee of Origin bill to parliament as part of the Future Made in Australia (FMIA) policy that was recommended by a senate committee last week.