Carbon Pulse

A US-headquartered low carbon cement developer with some 100 patents to its name and plans to grow to global scale has raised $85 million in Series C funding from a conglomerate of clean energy financiers.

The New Zealand economy would have been torpedoed had agriculture been folded into the emissions trading scheme next year, the country’s climate minister told a conference Tuesday, despite a senior Nestle executive warning the sector is not doing enough to reduce emissions to remain internationally competitive.

CO2 utilisation can produce goods such as aviation fuels, pharmaceuticals, and concrete, but US federal agencies must develop systems that drive commercialisation and market demand, according to a report mandated by Congress and the Department of Energy (DOE).

RGGI compliance entities expanded their allowance holdings during the April-June period even as their surplus shrank, while futures and options trading also grew substantially as credit prices rose to new records, according to a report published Tuesday.

Sweden and Zambia have signed a memorandum of understanding (MoU) for bilateral climate cooperation under Article 6.2 of the Paris Agreement, according to a statement by the Swedish Energy Agency (SEA) on Tuesday.

A Brazil-based nature-based solutions (NBS) industry group defended REDD+ projects on Monday in wake of recent recommendations by the public prosecutor of Amazonas state to halt all related activities affecting Indigenous and traditional communities.

Compliance-focused schemes that allow the use of offsets could shape the future of the voluntary carbon market (VCM) along with an increase in the usage of CO2 removal (CDR) credits, but quality concerns must be addressed to ensure growth, panellists told a webinar Tuesday.

The US Federal Aviation Administration (FAA) has announced $291 million in grants from Inflation Reduction Act (IRA) funds to projects that facilitate development and implementation of sustainable aviation fuels (SAF).

Australia’s heavy emitters could reach net zero before 2050, a date adopted by the country as well as many large companies, should baseline emissions reductions covered under the Safeguard Mechanism bump up.

Carbon removal (CDR) standard Isometric has released a digital monitoring, reporting and verification (dMRV) platform to speed up the verification and issuance of voluntary credits, it announced Tuesday.

Brussels is under pressure to defend its climate policy after approving state aid of €40 million to build Germany’s multi-purpose LNG import terminal in Brunsbuttel.

Zambia has moved closer to issuing letters of autorisation (LoAs) and approval for 10 carbon projects, its government has said, which would enable developers to sell credits internationally in accordance with the Paris Agreement.

Establishing 30 new Key Biodiversity Areas (KBAs) in the Southern Ocean surrounding Antarctica has the potential to ensure native wildlife in the region does not decline due to human activities, a paper has said.

The chamber of commerce in Australia’s largest gas-exporting state has argued the current Labor federal government is not doing enough to support carbon capture and storage (CCS) and should provide the same support it gives to green hydrogen development if the country is serious about meeting its climate goals.

Two oil majors have teamed up with a UK-headquartered firm on the construction of carbon capture and storage (CCS) facilities in Malaysia, the companies announced Tuesday.

Guyana President Irfaan Ali announced this week at a national assembly on Indigenous affairs that the government would increase the percentage of carbon proceeds for Amerindian communities, counterbalancing lower earnings in 2024, according to local sources.

Nearly half of the German population disapprove of the current domestic approach to CO2 taxation in transportation and heating, according to a new survey.

European carbon prices rose to their highest in 12 weeks amid an increase in buying interest as coal-fired power continued to make inroads into gas' share of the market, while a pause in the auction schedule on Wednesday added to the bullish sentiment and appeared to trigger some short-covering.

A provincial government body in Sarawak state in Malaysia has entered into several partnerships for the exploration and development of carbon offset projects based on nature-based solutions (NbS), renewable energy, and biodiversity conservation.

US-based environmental credit platform Regen Network Development is trialling a feature to enable the publishing of project data, connected to blockchain, in a bid to improve the storytelling around their environmental credits.