Carbon Pulse

Harmful industrial emissions could be reduced by up to 85% across the world with a mix of tried-and-tested technologies and upcoming tech, according a report published on Wednesday, findings from which have been submitted to a UK government consultation.

A South African energy producer has partnered with India’s largest carbon project developer to provide consultancy solutions to power plant owners about emissions offsetting projects.

Shipping companies will now be able open their holding accounts for EUAs, which they have been waiting for to start hedging and meeting their EU ETS requirements, following the publication of a legal act by the European Commission on Wednesday.

A UK Labour government would work to emulate green deal policies in the US and EU to unlock private low-carbon investments in areas such as grid connectivity, housing, and infrastructure, the opposition party’s shadow climate change minister said on Wednesday.

European carbon prices were modestly firmer at midday on Wednesday as the market tested higher technical levels amid an early squeeze, before falling back as weekly position data showed very little change in investment funds' positioning after prices had moved just 0.1% over last week.

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A benchmark pricing company has struck a deal to display carbon credit ratings on its platform with a view to creating ‘price baskets’ for carbon projects.

The Nigerian government has underlined its commitment to reducing emissions through the establishment of a carbon market, its minister of environment said at an event in the country.

Indonesia has brought in more regulations governing carbon capture and storage (CCS) work as it sees the tech as an integral plank in its plans to meet its Nationally Determined Contributions and meet its net zero by 2060 commitment.

The Coalition of Rainforest Nations (CfRN) has stepped up its campaign to promote UN-approved sovereign credits from REDD+ forestry protection, launching a new report guiding how they could be used towards meeting national climate targets under the Paris Agreement.

The Australian government is helping to keep the nation’s steelmaking industry alive with A$200 million ($131.45 mln) in grants to two of the country’s three remaining steel mills, while also hoping to reduce carbon emissions.

A Massachusetts-based non-profit dedicated to marine research will receive a donation of $25 million to support ocean-based climate solutions that can help strengthen the operations of the emerging blue carbon market.

A daily summary of our news plus bite-sized updates from around the world.

The Canadian province of Ontario announced Tuesday that it will pour C$9.4 mln ($7 mln) into 14 projects for research, innovation, and modernisation initiatives around the use of forest biomass, although one expert has criticised the programme for threatening local forest carbon stocks.

A report from an industry-labour-NGO partnership released Tuesday recommended a slew of policies to the US government to mobilise over $25.4 billion of available funding plus tax credits to achieve industrial net zero emissions by mid-century.

Just 8% of carbon credits are to be fast-tracked for the ICVCM’s Core Carbon Principles (CCP) label, while almost half of the units in the voluntary market come from methodologies deemed too contentious to be immediately approved, the cross-stakeholder initiative announced Wednesday.

Oregon's low carbon fuel programme, which regulates transportation fuel producers and importers in the state, looks to adjust its carbon intensity (CI) assessment model and verification of electricity transactions for credit generation, mostly in line with California’s LCFS scheme, staff detailed in a Tuesday workshop.

The Science Based Targets Network (SBTN) will delay validating the programme’s first nature targets till July after initially planning their debut for Q1 of 2024, according to Executive Director Erin Billman, in the interest of supporting ambition among the 17 firms participating in the pilot phase.

Australia has committed another A$70 million ($46 mln) to develop a renewable hydrogen production centre as part of its Hydrogen Hub initiative, this time in Northern Queensland.

The primary objective of this project is to facilitate the further development of Nature-Based Solutions (NBS) in Morocco. The project aims to establish perspectives for implementing NBS in Morocco by 2030, 2040, and 2050, addressing challenges related to climate change, biodiversity conservation, and development. The consultant will play a crucial role in delivering the project’s outputs, as defined by Morocco’s Ministry of Energy Transition and Sustainable Development.