Carbon Pulse

Carbon capture and storage (CCS) when used to increase oil production in the form of enhanced oil recovery (EOR) can contribute to deeper emissions reductions than regular CCS projects, according to an energy consultancy.

European carbon moved back near the top of last week's €64-€69 trading range, coming within 30 cents of a key technical level as the recent robust selling interest was absent from the market on Monday morning, while natural gas rose amid growing evidence of further tropical storms that could impact US LNG exports.

The first day of trade for Australian and New Zealand futures contracts on the ASX closed quietly with 1,000 units traded, but prices not given.

The Zimbabwean government is moving forward with plans to establish carbon trading mechanisms in its second-largest city, as part of the nation’s new Climate Change Management Bill.

A Chinese company has acquired carbon sink development rights for a mangrove project in Guangdong province, which would potentially make it the first in the country to obtain nationally issued carbon credits from mangrove restoration activities.

The Australian government has issued a call for partners to help develop a pipeline of methods to make projects eligible for earning credits under the Nature Repair Market (NRM), with A$3 million ($2 mln) available in funding during FY2024-25.

Indonesian coal mine emissions are being underreported, with fewer than half of its major miners reporting the methane emissions that occur as part of the mining process, according to a report released Monday.

Compliance entities built their California Carbon Allowance (CCA) and RGGI Allowance (RGA) net positions this week, while speculators continued to favour 2025 CCA holdings, weekly data from the Commitment of Traders' (CFTC) report released Friday showed.

Large corporations are increasingly looking to bundle carbon credits into agreements for tax equity investments for carbon capture and storage (CCS) projects in the US, conference attendees heard this week.

Governor Gretchen Whitmer (D) vetoed an ethanol tax credit from the state budget on Wednesday to the dismay of the biofuels industry, although a market observer considered the subsidy to have a minimal impact on Renewable Identification Number (RIN) prices.

The Chilean government released a draft climate change plan for the energy sector late on Friday for public consultation, proposing an ETS pilot and broaching a carbon border adjustment mechanism.

An oil and gas producer announced on Thursday its second carbon capture and storage (CCS) deal with an ammonia producer aiming to reduce up to 500,000 tonnes of CO2 per year at a US fertiliser plant.

The US Environmental Protection Agency's (EPA’s) 2022 decision to deny small refinery waivers under the Renewable Fuel Standard (RFS) was rejected in a federal appeals court Friday.

Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.

The government of Djibouti has granted a concession and produced a Letter of Authorisation (LoA) for a mangrove restoration project, committing to corresponding adjustment of the resulting mitigation outcomes, according to documents seen by Carbon Pulse.

A French food startup submitted an application to the European Commission for what would be the first ever sale of cultivated meat in the 27-country bloc.

The UK government should apply parts of the biodiversity net gain (BNG) system to nutrient neutrality, in a bid to galvanise much-needed private investment, market actors told the government in a letter seen by Carbon Pulse.

Multiple Europe-headquartered power generation firms reported a drop in EU ETS-covered output in quarterly results this week, while their renewable energy output soared.

A global climate coalition focused on the urgent delivery of the world’s 2030 climate goals, endorsed by top climate figures, officially launched on Friday.

UK bank Barclays has urged the government to plug the £1.5 billion funding gap for growth-stage climate technology companies, which it says is key to the country meeting its net-zero ambitions and scaling up the technologies to get there.