Carbon Pulse

A UK survey on corporate net zero progress found that 73% of respondents consider achieving net zero a medium- or high-priority over the next year, only 65% have committed to the 2050 target, and just 48% have set net zero goals to be met within the next decade.

Australia has released a consultation paper for entrants to the wide scale battery industry and value chain the nation hopes to build in a bid to further its ambitions as a renewable energy and battery superpower while reducing emissions.

Total investments in the natural capital asset class could rise to $1 trillion or more over the next two decades, on the back of revenues from outputs including biodiversity markets, investor New Forests has said.

Drax is looking to the UK government to begin discussions soon on a contract to support the company’s incoming bioenergy with carbon capture and storage (BECCS) project, to ensure that the plant can contribute to the country’s goal for clean power by 2030, a Drax official said on Wednesday.

A Brazilian carbon developer and two organisations working with Indigenous communities are piloting a biodiversity credit project in the Amazon state, with two European companies interested in purchasing units after COP16, Carbon Pulse has learned.

The European Commission has announced fresh funding for a research project that explores the impact of the EU's Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.

European carbon prices rallied on Wednesday morning as weekly positioning data showed that investment funds more than doubled their net short positions last week, triggering a rally as traders looked to test the conviction of bearish bets.

South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates. 

The EU needs a lot more renewable and low-carbon electricity and it needs it "ASAP", according to Paul Voss, director general of industry association Europe Aluminium, adding to a growing chorus of voices calling for lower energy prices to boost the bloc's competitiveness.

Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.

Global trading house CME Group has provided details of its Australian Carbon Credit Units (ACCUs) futures contract, adding to the sole such offering currently available in the market, from the Australian Securities Exchange.

Chinese regulators have announced rules that can clarify the boundaries of the country's green electricity and national carbon offset markets, a move designed to help avoid double counting of environmental attributes.

The Australian government has ringfenced over A$215 million ($143 mln) to ramp up efforts in nature restoration and native species protection, it announced Wednesday.

A Paris-headquartered carbon crediting platform has opened a new modular biomass carbon removal and storage (BiCRS) methodology for public consultation, the company announced on Wednesday.

A top refiner in Japan has decided to support the country's first carbon credit generating project featuring collaboration with domestic pig farmers.

Western Australia and New South Wales have announced initiatives to support projects that will earn Australian Carbon Credit Units (ACCUs), with a focus on forestry and Indigenous environmental plantings (EP) projects.

Achieving billions of tonnes of CO2 removals needed to slow climate change will require substantial policy support across geographies and government levels, a new report has warned.

A British climate tech catalyst has announced plans to develop the country’s largest biochar carbon removal project, it said on Wednesday.

Improved forest management (IFM) offsets through Canadian federal voluntary protocols under construction are not eligible for use in provinces that have similar active protocols, environment ministry officials said in a webinar Tuesday.

A carbon capture and storage (CCS) Alberta emission offset protocol was flagged Monday by the provincial environment ministry, effectively pausing project development.