Carbon Pulse

Global models under-estimate avoided CO2 emissions from mangrove conservation in Brazil but over-estimate their soil organic carbon (SOC) density due to limited reliance on field data, according to a peer-reviewed study published this week.

The European solar industry is in for a reshuffle – and potential delays in meeting EU targets – after legislators agreed on Tuesday to ban products made from forced labour, which is slated to disrupt supplies coming from China.

Some $645 million has been raised across private equity and venture capital funds by London-based sustainable food and agriculture investment firm Cibus Capital.

Denmark’s largest airport has invested in a new portfolio of carbon removal projects as it steps up its target to be emissions free by 2030, it was announced Tuesday.

Blue Carbon, a Dubai-based carbon project developer aiming to participate in Article 6 markets, has issued a request for proposals (RFP) to obtain support for design and monitoring across its portfolio.

European carbon soared as much as 7.7% on Tuesday morning as a squeeze triggered by a rally in natural gas prices extended for a second day, forcing short-positioned traders to buy back in the futures market, while the approaching expiry of the March options contract also encouraged covering.

Creating integrated value chains across offshore wind, green hydrogen, and carbon capture and storage (CCS) in industrial heartlands is key to achieving higher returns and counteracting the impact of an inflationary environment, said an oil major executive speaking at a conference today.

A German renewable hydrogen maker has secured over €500 million to advance its green hydrogen development, from major backers including the European Investment Bank and Amazon Climate Pledge Fund, it announced on Tuesday.

A climate fund has rebutted recent research on the cost of scaling direct air capture, arguing that the cost of the nascent carbon removal technology might actually be lower in the near term than people assume.

China has set a tighter target for energy intensity this year after falling short of its previous goal, as the country seeks to get its climate commitments back on track.

The Australian government will establish an A$2 billion ($1.3 bln) financing facility to drive clean energy and infrastructure investments in Southeast Asia, it announced Tuesday. 

Malaysia will from April make it possible for airlines to impose a carbon levy on passengers, with revenue raised set to offset aviation emissions through the purchase of carbon credits or sustainable aviation fuel (SAF).

An international carbon project developer has teamed up with a domestic partner to expand its project portfolio and support Paris-aligned policies in Malaysia.

Irish software developers have pledged to sequester 1 billion tonnes of CO2 by building housing for 300 million people by 2030 using hemp-based concrete.

Biofuel credit (RIN) values under the US Renewable Fuel Standard (RFS) slightly retraced to begin the month of March but remained in line with lowest values since 2020 as the market continues to monitor D4 credit generation from renewable diesel.

Italy has begun the "unprecedented" process of mapping its entire 7,500-km coast through remote and acoustic technologies in an attempt to better inform public conservation and restoration policies.

The Mexican government distributed a draft regulation for the national voluntary carbon market (VCM) at a stakeholder workshop last week that would create a centralised record of VCM data, a national price index, and authorisation procedures for international carbon trading under Article 6.2 of the Paris Agreement, according to a leaked draft seen by Carbon Pulse.

Washington Carbon Allowance (WCA) prices sold off on Monday afternoon after the state's Department of Ecology (ECY) issued a statement attempting to clarify its position on a legislative initiative that could repeal the nascent cap-and-trade scheme.

London’s financial hub is urging businesses and people to buy carbon from the regulated UK ETS and cancel them permanently, rather than offset emissions through voluntary markets, as part of a new collaboration launched Monday.

Members of the European Parliament gave the thumbs up Monday evening to draft plans for harmonising the way transport emissions are counted in the EU, with a final agreement with member states not expected until after the June European elections.