Carbon Pulse

A major airline has finalised a deal to purchase CO2 removal (CDR) credits as the hard-to-abate sector ramps up efforts to meet net zero emission targets.

Mexico's Yucatan released guidelines Wednesday detailing best practices for developing voluntary carbon market (VCM) projects within the state, placing a heavy emphasis on ensuring that local communities and ejidos are the primary beneficiaries of nature-based projects.

A direct air capture (DAC) developer on Wednesday announced a $3 million phased commercial agreement with global partners to launch engineering studies and potentially supply CO2 removal (CDR) credits from a Louisiana project.

Alberta is investing C$2.8 million ($2.1 mln) to help design a municipal waste-to-energy facility with a carbon capture addition, the provincial government announced Tuesday.

County supervisors in Iowa on Tuesday condemned the use of eminent domain for a proposed CO2 pipeline, while state Republicans announced plans to challenge the project's approval.

Washington's Q3 current vintage auction settled nearly $3 below front-month futures prices in the secondary market the day prior to the sale, with buyers recoiling from the uncertainty surrounding the future of the state’s carbon market.

The construction of 5 GW and modernisation of 2 GW of “hydrogen-ready" gas power plants could start being put out to tender in Q1 2025, the German government announced with a consultation launched on Wednesday.

The first high-stakes US presidential debate between a swapped Democratic nominee and a Republican contender barely addressed environmental policy, yet some traders are factoring in potential volatility in compliance carbon markets before and after the November elections, adjusting positions based on perceived risks or opportunities.

An initiative that funds clean cooking in Africa has handed out a total €2.8 million in financing for Kenya-based organisations, it announced this week.

Nature-based voluntary carbon projects are becoming increasingly beneficial for biodiversity, according to new data from AlliedOffsets that has been shared with and analysed by Carbon Pulse.

A new member of the European Parliament from the left-wing Socialists and Democrats group (S&D) has been appointed to lead negotiations on the EU's Green Claims Directive, which aims at tackling greenwashing and sets rules for the corporate use of voluntary carbon credits.

Despite disparities across countries and regions, the European Union is on track to ensure its energy security, according to the European Commission's latest annual assessment looking back at what has been achieved so far.

The high price of carbon removal credits is set to spike before it declines, as new government policies help to drive more buyers to the nascent market, according to speakers at the Carbon Unbound Europe conference on Wednesday.

Scotland urgently needs strong targets to ensure impact in its forthcoming nature bill, covering areas ranging from habitats to species, experts said during a webinar on Wednesday.

The EU’s pandemic recovery funds contribution towards climate action and the green transition is likely over-estimated by at least €34.5 billion, the European Court of Auditors (ECA) said on Wednesday.

One of the largest forestry management firms in Ireland has teamed up with the country’s first certified carbon management company to sell credits in the voluntary market.

The Science Based Targets Network (SBTN) has put out for consultation draft guidance on the first scientific targets for ocean impacts, ahead of the full roll out in 2025.

There are still many unknowns about what will be required of farmers under an agricultural bill passed by the Scottish government in June, including on the incentives for woodland creation and peatland restoration, a trade body representative told a webinar on Wednesday.

The European Commission expects to formalise its Carbon Removals and Carbon Farming (CRCF) regulation by the end of this year, giving it the legal basis on which to set certification methodologies for the first batch of removal techniques next year, a Brussels official confirmed on Wednesday.

A clean cooking project developer has sold all of its carbon credits of a vintage through 2024 at $35 per tonne, its CEO told an event Wednesday, in a sign that demand for 'high-quality' units is there for the voluntary market.