Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 1 min ago
Japanese offset project developer raises $2.4 mln in first close of Series A round
A Japanese carbon offset project developer has raised 350 million yen ($2.38 mln) in the first close of its Series A round.
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Indonesia to host second AZEC ministers’ meeting, flags fossil fuel heavy list of decarbonisation MoUs
Indonesia is hosting the second Asian Zero Emission Community (AZEC) ministerial meeting on Aug. 20-21 in current capital Jakarta, and on Friday released a list of around 20 out of a total 70 decarbonisation projects set to be announced at the event.
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Malaysia to revise NDC by February, conclude review of climate bill by June next year -official
Malaysia will revise its Nationally Determined Contribution (NDC) targets by February and conclude the review of its climate change regulations by June 2025, an official told a conference Thursday.
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California CDR bill faces long road to resolving outstanding question marks
A California senate bill on CO2 removal (CDR) regulations has yet to resolve key considerations as it weaves through the legislative process, while little progress on the implementation of carbon, capture, utilisation, and storage (CCUS) legislation stalls it further.
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Canadian partnership to test robotic tree planting for carbon offsets
Two Canadian companies signed a Memorandum of Understanding (MoU) Thursday to test and validate an autonomous tree planting technology for the generation of voluntary carbon offsets.
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Canadian offset project financier rakes in $11.2 mln from Rwandan, Vietnamese projects
A Toronto-headquartered carbon project financier announced Thursday that it has received $11.2 million from the sale of carbon credits from its Vietnamese household device and Rwandan cookstove projects.
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US DOE gives out $44 mln towards geologic CO2 storage
The US Department of Energy (DOE) announced Thursday it is allocating $44.5 million in funding towards nine university- and industry-led projects to advance knowledge of the potential of geologic basins to permanently store CO2 emissions.
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WCI Markets: CCAs rebound from YTD lows, but continue to trail WCA prices
California Carbon Allowance (CCA) prices reversed course from year-to-date lows this week, but remained below Washington Carbon Allowance (WCA) figures amid the ongoing WCI market bearishness due to programme reform implementation delay.
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Drax is the UK’s biggest source of carbon despite receiving half a billion in green subsidies -report
Drax - the UK’s largest generator of power from biomass - is by far the country’s largest source of carbon emissions, despite receiving more than half a billion pounds in green subsidies, according to a new report published on Friday.
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INTERVIEW: Argentine carbon markets diversify as they expand, embrace J-REDD
Argentina’s carbon markets are growing rapidly and poised to shift away from reliance on waste management and renewables projects to embrace a broader array of credits, a jurisdictional REDD (J-REDD) developer told Carbon Pulse.
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INTERVIEW: Cement plants could make considerable profit from selling waste heat for direct air capture
A German direct air capture startup is offering cement plants the opportunity to make extra revenue from their waste heat, which it can use to improve the efficiency of its CO2 capture process and generate carbon removal credits.
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Climate solutions provider announces new product for Scope 3 emissions within agricultural supply chains
A global climate solutions provider announced on Thursday the launch of its supply chain emissions reduction product.
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Only 4% of major companies target water pollution, nature benchmark shows
Just 4% of major companies globally have set targets to reduce their water pollution, the World Benchmarking Alliance said in a survey published on Wednesday.
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BRIEFING: As ICVCM rejects key voluntary carbon methodologies, Dominican Republic pushes crediting renewables as sustainable development
While the Integrity Council for the Voluntary Carbon Market (ICVCM) rejected this week multiple renewable energy carbon crediting methodologies from its Core Carbon Principles (CCP) label, citing additionality concerns, the Dominican Republic (DR) is pushing forward on expansion plans for these projects in the frame of sustainable development.
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Uniper becomes latest utility to post double-digit EU fossil power generation drop
German power company Uniper posted a significant fossil-based power generation slump over the first six months of the year, relative to 2023, amid ongoing demand weakness that continues to pressure EUAs.
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Egyptian NGO partners with energy firms to protect migratory birds in the Gulf of Suez
An Egyptian nonprofit conservation group is launching a large project to protect thousands of migratory birds from the threats posed by electricity power lines in the Gulf of Suez, it announced on Thursday.
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Green shipping pioneer Maersk makes a U-turn on LNG
One of the largest shipping companies in the world, Maersk, has backtracked on its previous anti-liquefied natural gas (LNG) position by announcing plans to purchase ships capable of running on the fuel, highlighting the difficulty of lowering shipping emissions.
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UK’s offshore tax hike can drive investments towards low-carbon energy -consultancy
The UK government's decision to hike the windfall tax on offshore oil and gas isn't all bad news for energy companies, according to an energy consultancy that argues it could help to focus energy investments on decarbonisation.
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INTERVIEW: Biodiversity markets could help Venice recover from lagoon ecosystems disaster
A Venice-based conservation group is eyeing the biodiversity credit market to save the Italian city's lagoon ecosystems from destruction driven by shipping and mass tourism.
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Pegasus Capital looks to invest in nature opportunities with system-wide impacts
US-headquartered private equity investor Pegasus Capital Advisors is looking to invest in nature-related companies via its land and ocean funds to help improve the sustainability of entire economic systems.
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