Carbon Pulse

The US Department of Energy (DOE) announced Thursday that it will award up to $30 million to carbon conversion and carbon capture projects, the latest in a series of funding opportunities to flow from the agency in recent months.

Nestle Purina Petcare Europe has invested in a conservation startup that aims to produce voluntary marine biodiversity credits from a pilot by creating ‘oyster reefs’ off the UK coast.

There is a “a significant risk” that Denmark will not meet its 2030 emissions reductions targets, the country's climate change council said in a report on Thursday.

Voluntary carbon removals standard Puro.earth will issue credits under three new methodologies this year and formally apply to have its units approved under the current phase of the UN's CORSIA aviation offsetting scheme, the company’s CEO told Carbon Pulse.

The US federal government has released guidelines to assist public agencies in assessing how their projects, policies, and regulations impact ecosystem services, in a move poised to reshape decision-making at a national level. 

Research from a financial think tank highlights that oil and gas companies still reward executives for expanding fossil fuel production, in spite of commitments to energy transition targets and climate policies.

The operator of the UK’s largest power station has seen its profits jump more than tenfold to reignite criticism of its bioenergy with carbon capture and storage (BECCS) operations.

The developer of a solid sorbent made from plastic waste says its technology captures CO2 from industrial flue gas more cheaply and energy efficiently than commercial offerings currently available, and expects to move from laboratory-scale to an industrial pilot this year.

Implementing debt-for-nature swap (DFNS) plays a "unique role" in providing funds to establish marine protected areas (MPAs), as shown by successful experiences in Seychelles and Belize, a study has found.

Switzerland and Ghana have authorised the first sovereign carbon credits from a cookstoves project, meaning that once issued and transacted, they can be used towards the European country’s national Paris Agreement climate target.

Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.

EU carbon allowance prices extended losses seen on Wednesday afternoon, as a weak auction gave bears confidence to resume selling, with some sources asserting that a recent rally was now over while others pinned their hopes on technical and psychological support at a key level.

The European Commission's evaluation process for National Energy and Climate Plans (NECPs) is not only about sticks, but also about carrots, a top EU official said, as the 27 member states struggle to meet a June deadline to submit their final drafts.

The operator of the Philippines' national carbon registry has unveiled a platform dedicated to the development of nature-based solutions (NBS).

Firms listed on Singapore’s bourse will have to start reporting sustainability and climate information from next financial year, with their biggest unlisted counterparts to do the same two years after that.

South Korea is considering introducing carbon contracts for differences (CCfDs) to de-risk private sector investments in emissions abatement technologies and ensure a clearer carbon price signal.

Norway and Ethiopia this week upgraded their decade-long forest partnership to pave the way for payments of up to $100 million if the East Africa nation meets its climate and nature targets.

An Australian oil and gas company producing offshore Brazil has signed up for a five-year partnership with a local REDD+ project certified by Verra.

Australia could be the largest developer of carbon offsets in the world by 2033, according to an outlook statement released Thursday, driven by demand from the Safeguard Mechanism.

California offsets offering direct environmental benefits (DEBs) to the state command high prices even as year-to-date issuance trails last year’s levels for the same time, data published by state regulator ARB on Wednesday showed.