Carbon Pulse

Massachusetts’ Department of Environmental Protection (DEP) presented potential adjustments to its draft Clean Heat Standard (CHS), as the agency solicits a final round of comments in advance of a new proposal, staff outlined during a community webinar Thursday.

A Montreal-based carbon removal project developer will evaluate direct ocean capture conducted at its facility through a partnership with a US ocean monitoring firm, the firms announced Thursday.

European carbon prices swung violently for a second day on Thursday as continued short covering sustained the market after a weak auction, pushing it above key technical resistance levels, before longer term shorts reasserted themselves in the afternoon and unwound the day's gains.

The autonomous region of Galicia in Spain opened legislation to structure a local voluntary carbon market (VCM) for public consultation on Wednesday, following a similar regional initiative announced by Catalonia in December and in time with Murcia’s proposal on Tuesday.

France has the capacity to diversify its carbon sinks and achieve climate neutrality, or even become net negative, before 2050, according to a new study published on Thursday.

Some large investors in the US and Europe have supportive voting policy stances for nature and biodiversity, although not all of them, a report by data company Morningstar has found.

Avoiding over-regulation, increasing public support, strengthening international climate policy, and ensuring the bloc’s industry is competitive should be prioritised by the next European Commission, a report said Thursday.

Demand for nature-based solutions in Europe is increasing "exponentially" for some organisations, with companies calling for support to bridge the skills gap and ramp up supply, a study has shown.

The Council of EU member states on Thursday backed a compromise proposal by the Belgian EU Presidency laying out a procedure for the bloc to quit the 1990s Energy Charter Treaty, which has attracted criticism from EU governments for hampering attempts to phase out fossil fuels.

The waste-to-energy sector welcomed a political agreement last month on the EU’s Carbon Removal Certification Framework (CRCF), saying the first incinerators fitted with carbon capture technology could see the light as soon as 2028-29, after their inclusion in the EU ETS.

The EU's Carbon Border Adjustment Mechanism (CBAM) could push up the cost of the bloc's electricity imports from the UK, deterring the development of low-carbon projects and leading to higher carbon emissions on both sides, according to analysis released on Thursday.

A French asset manager and a developer of nature-based voluntary carbon projects have appointed new senior members of the their team to focus on their respective carbon credit strategies.

International shippers have become exasperated they have only recently been able to open up accounts in order to start purchasing EUAs to meet their compliance obligations under the EU ETS, panellists at Carbon Forward Asia said Thursday, as the sector explores its options to decarbonise.

South Korea is set to introduce carbon market-linked financial products targeting retail investors this year, the first in Asia to do so, though the new policy may not arouse much interest in the over-supplied market, experts told Carbon Pulse.

The money needed to meet global climate goals will amount to trillions of dollars annually, and need to come from the private sector in addition to governments and multilateral banks, a conference heard Thursday.

Establishing a biodiversity credit market for marine ecosystems is much more challenging than setting one up for land-based environments, as ownership and measurement issues are hampering its development, the head of a non-profit has said.

A London-based investor is considering preparing sites in Scotland covering up to 17,000 acres (6,880 hectares) of collective land for the generation of biodiversity credits, Carbon Pulse has learned.

A developer of direct air capture facilities has inked a deal with two airlines for an undisclosed volume of carbon removals delivery out to 2030.

Australian airline Qantas has partnered with the Great Barrier Reef Foundation as well as committing A$10 million over 10 years to roll out what it described as world-first coral restoration technology, it announced Thursday.

China may see limited supply of carbon credits in the coming months even after the official relaunch of the national voluntary programme, as the government is taking a cautious approach to ensure offset quality and avoid oversupply issues, the Carbon Forward Asia conference heard Thursday.