Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 15 min 58 sec ago
New Zealand court waves through legal action against emitters
New Zealand’s Supreme Court has permitted legal action to proceed against the country’s biggest emitters after finding that companies may be liable for their contributions to climate change.
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Current reporting frameworks aid compliance, but prepare for evolving climate regulations -experts
A discussion regarding the growing landscape of climate regulations around the world saw panelists consider the implications of the rise in mandatory disclosures, while experts laid out best practices for companies in a webinar on Tuesday.
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Unique tools used to monitor leakage from CO2 sequestered under US lake
Scientists at a US university have deployed research buoys to independently monitor a carbon capture and storage (CCS) project that pumps CO2 under a lakebed, in an attempt to allay local opposition to the project.
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US carbon marketplace startup releases livelihood impact index for smallholder farmers
A California-headquartered startup released Tuesday a methodology designed to measure the impact of carbon credit projects on the livelihoods of smallholder farmers.
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Voluntary carbon credits could near $250/t by 2050, as 2024 seen as ‘make or break’ year for market -analysts
The voluntary carbon market is at a crossroads, with 2024 emerging as a crucial year that could either propel the market towards a valuation of over $1.1 trillion annually by mid-century or steer it towards its potential collapse.
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European fossil fuel electricity generation falls to record low in 2023 -report
Renewable sources are increasingly forming the backbone of the EU power mix, with the region's fossil fuel electricity generation falling to record-low levels last year, according to a report published on Wednesday.
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Industry criticises proposed reporting rules under Massachusetts’ Clean Heat Standard
Industry stakeholders criticised proposed amendments to reporting requirements under the state's draft Clean Heat Standard (CHS) framework in a webinar Tuesday, arguing they were overly burdensome on business.
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South Dakota House committee approves two carbon pipeline bills
The two bills, approved Monday by the House Commerce and Energy Committee, establish protocols for landowners and carbon sequestration pipeline companies following the denial of permits to two CO2 pipelines by the state’s Public Utilities Commission (PUC) last year.
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EU co-legislators reach provisional deal on net zero industry act
The European Commission, European Parliament, and Council of EU states reached a provisional political agreement on Tuesday to produce 40% of the bloc's annual needs for net zero technologies domestically by 2030, defining a list of strategic and clean manufactures on which to focus.
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EU Commission plans for 280 Mt of carbon capture by 2040
Reducing the EU's emissions by 90% by 2040 will call for around 280 million tonnes of CO2 to be captured, the European Commission said on Tuesday in its first, long-awaited strategy for capturing, transporting, trading, permanently storing, and using carbon.
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NextEra-backed carbon removals startup secures Series A funding
A Los Angeles-based company developing hybrid direct air capture (HDAC) technology capable of capturing both carbon and water simultaneously has closed a Series A funding round, enabling it to grow its team and asset base.
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Brussels backs off agriculture emissions cuts in recommended 90% target for 2040
The European Commission on Tuesday recommended that the EU aim to cut emissions by 90% by 2040, but backed away from contentious measures to decarbonise agriculture, as farmers protested on the doorstep of the European Parliament building where the announcement was made.
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Argentina’s new law to compromise glaciers, biodiversity -media
The recently passed Omnibus Law, introduced by Argentina’s new president, would compromise glaciers and periglacial zones with strong repercussions for biodiversity, a scientist specialising in the subject told local media.
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Corporate climate disclosure on the rise, but few firms hitting top marks, finds report
Just under 400 companies have been acknowledged as leaders in environmental disclosure, as part of an annual report from a non-profit, though very few made the top grade.
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EU Commission withdraws divisive pesticides bill
The EU Commission is withdrawing a divisive bill that aimed to reduce the use of pesticides after months of delay, triggering calls for a new approach to tackling agricultural chemicals.
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Vattenfall reports drop in ETS-covered fossil generation in 2023
Swedish state-owned utility Vattenfall reported a significant drop in generation from ETS-covered fossil power in 2023 in annual results on Tuesday, as well as a fall in profit due to sliding electricity prices during what it described as a "turbulent" year.
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BP buys back shares to boost value while lowering energy transition spend
BP has ploughed more profits into buying back shares while spending less on clean energy in 2023, the company revealed Tuesday in annual results.
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Biodiversity offsetting incentivises ‘regulated destruction’, report warns
Biodiversity offsetting is failing to protect nature while enabling companies to carry out environmental destruction and human rights violations, a report has warned.
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European carbon firms ink biochar purchase agreement
A carbon management platform has partnered with a biochar developer for the purchase of 4,500 tonnes of removals from a project in India.
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North America’s largest carbon project developer launches marketplace
North America’s largest carbon project developer will launch a digital marketplace where it will exclusively sell its own carbon credits, the company announced on Tuesday.
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