Carbon Pulse

There needs to be a better understanding of the global value chain of hydrogen production and governments must make regulations based on its carbon intensity rather than colour, a report by an energy consultancy said Thursday.

European carbon prices rose for a second day on Thursday as short-covering bolstered the market despite lingering bearish overall sentiment, while the wider energy complex snapped a six-day losing streak after the EU said it would not look to extend agreements to transship Russian gas through Ukraine.

Durable carbon dioxide removal (CDR) credits have traded on the CBL exchange for the first time, marking a milestone in the nascent sector’s evolution into the mainstream voluntary market.

A voluntary carbon credit transaction network developed by several global banks has this week appointed the former head of oil major BP as its chairman.

A global initiative to identify, protect, and connect areas critical to migratory species has been launched at the ongoing 14th Conference of the Parties to the Convention on the Conservation of Migratory Species (CMS) in Samarkand, Uzbekistan.

A voluntary carbon market standard and registry has launched an initiative to explore opportunities for removals projects in the mining sector with a focus on mineralisation and enhanced rock weathering activities.

A Japanese carbon marketplace operator has secured a strategic partnership with one of the largest IT companies in Vietnam as its latest foray into the Southeast Asian market.

International shipping targets would need to be "very stringent right from the start", to align with the International Maritime Organisation (IMO) strategy and reach net-zero emissions by 2050, according to a report released Thursday.

The current model of just energy transition partnerships (JETPs) to help developing countries decarbonise is not working, and an improved model should be created, according to a paper published Thursday by philanthropic and environmentalist NGOs.

A Japanese shipping giant has carried out an insetting pilot featuring the tokenisation of emissions reductions as part of a broader target to decarbonise its supply chain, it announced Thursday.

Land-based measures show the highest potential to support CO2 removal (CDR) in the near term, but the world's climate targets will not be met without the deployment of a range of such solutions at a multi-gigatonne scale, with ocean-related technology holding the most large-scale promise long term.

Indonesia’s former defence minister Prabowo Subianto declared victory late Wednesday in Indonesia’s presidential election, after unofficial tallies showed he had secured a majority of the votes.

California compliance-grade offset issuance over the last three weeks fell to almost 45% below January’s distribution, with units offering direct environmental benefits (DEBs) to the state also trailing the prior month, according to data published by state regulator ARB on Wednesday.

Oregon’s Clean Fuels Program (OCFP) generated a record-high volume of credits for the second consecutive quarter, growing the programme’s credit bank amid cratering secondary market prices, according to state data published Tuesday.

A climate solutions company specialising in technology to cut methane emissions and deliver affordable zero-emissions hydrogen has closed on a $10 million investment to further develop its offering.

A carbon capture technology company is looking to raise capital via a private placement of shares to fund expansion into the US and develop its technology further.  

The Article 6.4 Supervisory Body, mandated to shape the rules governing carbon crediting under the Paris Agreement, will come together to discuss several procedural mechanisms and the role of a centralised registry at the end of February, as observers noted with surprise a developed appendix dedicated to REDD+ activities in one of the draft documents published ahead of the meeting.

Fossil fuel companies should be held accountable for their contribution to inflation, and kept at arm's length from policy making, just like tobacco lobbyists, according to groups heard on Wednesday by the European Parliament's Petition committee.

The European Commission is "not too worried" about the tumbling price of carbon allowances, Kurt Vandenberghe, director-general of DG CLIMA, told a virtual event on Wednesday.

A New Mexico bill to implement a clean fuel standard by mandating a reduction in transportation fuel carbon intensity (CI) passed the legislature on Tuesday and now awaits approval by the governor.