Carbon Pulse

The New York GOP unveiled a proposal Friday to delay emissions reduction targets under the state's climate law, arguing more time is needed for clean energy projects to develop at affordable rates.

A New York state retirement fund announced Tuesday that it had reached climate-related agreements with several companies within its portfolio, while also boosting its investments in a climate index fund by another $2 billion.

Two public authorities in Brazil launched last week a R$6 billion ($1.1 bln) joint call providing R$6.6 billion ($1.1 bln) in funding for sustainable aviation fuel (SAF) and maritime biofuel projects.

A global consulting firm has partnered with a direct air capture (DAC) project developer to help inform the design of large-scale CO2 removal plants, the companies announced Tuesday.

A Canadian nuclear science and technology laboratory won federal funding to develop two low-carbon transportation fuel projects, the firm announced last week.

A property and land surveyor with global operations released a satellite and AI-driven tool to map landscapes for forest carbon projects.

The Science Based Targets initiative (SBTi) on Wednesday launched sector-specific guidance for companies and financial institutions in the buildings value chain to set emissions reduction targets in line with a 1.5C future.

The Sultanate of Oman has drafted a regulatory framework for Article 6 carbon trading under the Paris Agreement, seen by Carbon Pulse, to be formally launched at the COP29 UN climate conference in Baku, Azerbaijan in November.

Colombia-based environmental standard Cercarbono has approved a first methodology that project developers can use to generate voluntary biodiversity credits.

All building owners in Germany will soon be able to apply for subsidies to decarbonise their heating system, the economy ministry announced on Tuesday, in a move that may help the country better prepare for the introduction of the EU-wide heating and transport Emission Trading System (ETS2).

Two non-profits are taking the European Commission to court, claiming the bloc's target for emissions reductions this decade is too modest.

Egypt officially launched its regulated voluntary carbon market (VCM) this month, weeks after reports that the cabinet was working on late-stage drafts of carbon tax regulations, and the VCM-based incentive system could ultimately supplant taxation, according to local media reports.

An initiative focused on providing technical assistance and capacity building for carbon removal (CDR) firms is pushing to establish a more transparent, accountable, and effective ecosystem, its founder told Carbon Pulse.

Paris Agreement climate targets are at risk because companies are shying away from taking the plunge on green technology projects, creating a widening ‘reality gap’ between commitments on paper and what is needed on the ground, finds new research.

A marine alliance is pushing for system-wide change to financing marine protected areas (MPAs), as a site-by-site approach is not working, an executive has said.

A first-of-its-kind green ammonia plant that will take advantage of power fluctuations from wind and solar power was opened on Tuesday by a trio of Danish clean tech companies, with a view to decarbonise shipping, fertilisers and heavy industry.

Seven carbon removal (CDR) companies have completed an accelerator programme led by a German carbon credit marketplace.

Australia plans to decarbonise its aviation industry in coming years, both domestically and internationally, but government support will be needed to drive the uptake of sustainable aviation fuel (SAF), according to a government white paper released on Tuesday.

A voluntary carbon data firm has partnered with an environmental monitoring systems provider to develop a new digital monitoring, reporting, and verification (dMRV) for the emissions monitoring industry, they said in a press release.

The European steel industry has exhausted almost all options to reduce emissions thanks to efficiency gains and is now looking at “breakthrough technologies” – essentially electrification – to achieve climate neutrality, the sector’s lobby group told Carbon Pulse in an interview.