Carbon Pulse

A major trading house in Japan has launched a performance-based payment scheme that encourages the use of anti-fouling paint for ship bottoms with the view of driving down emissions in the shipping sector, it announced Wednesday.

Australia’s second largest oil and gas company said Wednesday it sees CCS as the main way forward to control its carbon emissions, while committing to closer monitoring of its Scope 3 emissions.

The EU should resist Norway’s push for more Arctic oil and gas and focus on clean energy, according to a report published Wednesday.

The Australian government has yet to decide whether Santos' Darwin LNG facility, which will eventually take gas from the controversial Barossa field, will be treated as a "new" or "backfill" facility under the Safeguard Mechanism, officials told Senate estimates this week.

The Convention on Biological Diversity’s COP16 in October and November this year will take place in Cali, capital of Colombia’s Pacific region, President Gustavo Petro has announced.

An Australian soil carbon project developer and an agritech firm have launched a digital livestock tracking initiative to help optimise herd management, pasture and soil performance, they announced Wednesday.

California gasoline sales and emissions trailed 2022 levels for the third month in a row in November, while diesel sales and emissions exceeded those from the previous year for a second straight month, according to the state data published Tuesday.

A climate tech venture investor is joining forces with a specialist investment manager to increase the pool of growth capital available to environmental-focused companies in the UK.

A US-based voluntary carbon removals startup has opened a public consultation as it seeks to align its certification standard with the latest code of best practice from the International Carbon Reduction and Offset Alliance (ICROA).

RGGI allowance (RGA) values continued to recede as trading volumes rose from the previous week, although activity was subdued heading into the US long weekend.

Tokyo would need to plant over two billion trees to offset the more than 320 million tonnes of CO2 it emits every year, making it the city the most in need of afforestation to counteract its carbon emissions, new research finds.

The UK government has published an updated list of free allocations to industrial installations for the period from 2021 to 2025, incorporating changes to carbon allowance handouts after assessing individual plants’ operations in previous years.

A large volume of African cookstove carbon credits have traded above $7.50, a source told Carbon Pulse on Tuesday, underlining the sector’s resilience in the wake of a recent academic paper that claimed over-crediting was rife.

A Montreal-based investment management firm has launched one of the first biodiversity-focused funds in Canada, seeking to channel resources towards the preservation of nature.

Three voluntary carbon market firms have appointed new members to their senior leadership teams, they said this week.

The Economic Community of West African States (ECOWAS) has stepped towards drafting a regional plan to implement the Kunming-Montreal Global Biodiversity Framework (GBF), as the organisation seeks to lead the way on nature conservation.

More than 70 European industrial leaders put out a mayday call for help on Tuesday, including through public funding and simplified state aid, to keep low-carbon production within the EU. 

A climate tech startup is partnering with a chemical producer for the distribution and sale of its first product – a carbon-negative version of acetic acid made using CO2 captured from large emitters.

Shell retired voluntary carbon credits worth around $16.3 million in January as it continued to hog the top spot in retirement activity for the second month in a row, but the energy giant was middle of the pack in terms of value per credit, data showed.

European carbon prices were modestly higher on Tuesday morning as sellers took a break after Monday's big drop, stepping back from the market ahead of the fortnightly break in the auction programme on Wednesday, while energy markets also rallied.