Carbon Pulse

A decline in short-term coal prices in Europe may set the stage for an increase in consumption of the fuel in the coming winter, as operating costs for coal-fired power plants approach parity with those for gas-fired generation, according to an analyst.

The BASIC group of Brazil, South Africa, India, and China have repeated demands that rich countries ramp up their climate finance contributions, urging them to commit trillions of dollars to assist developing countries in reducing their greenhouse gas emissions.

National oil major Petronas has inked a land rental agreement with the Kuantan Port Consortium for the development of a carbon capture and storage (CCS) hub in the state of Pahang in Malaysia, the company said in a release.

A Singapore-based investment firm has announced a cohort of eight companies that will take part in an initiative aimed at scaling nature-positive businesses.

The attorneys general (AG) of West Virginia and Indiana headlined on Tuesday a consolidated emergency application to the US Supreme Court for an immediate stay of the Environmental Protection Agency’s (EPA’s) power plant emissions rules after lower courts denied motions to pause the regulations.

Golden California Carbon Offsets (G-CCOs) with direct environmental benefits to the state (DEBs) sold at a premium to California Carbon Allowances (CCAs) over several days this month when the California-Quebec futures market fell to year-to-date lows, while regulator ARB slowed the pace of offset issuance.

A scan of Canadian corporations demonstrated that while a large majority was unengaged with carbon dioxide removal (CDR), the remaining minority either had limited knowledge with high enthusiasm to learn more or already had active plans to purchase CDR credits, according to a report published by a Canadian think-tank Thursday.

An ethanol producer’s plans for a bioenergy with carbon capture and storage (BECCS) plant in Brazil are proceeding, but critical investments are held up by a bill that failed to clear the national legislature before it adjourned last week.

US states that have primacy to approve carbon storage projects, assume post-injection liability, and codify a legal framework are favoured when considering citing of projects in the nascent technology, attendees of a conference heard this week.

A Florida resident this month sued a major Canadian athleisure brand alleging that the firm’s marketing campaign misled consumers regarding its environmental impacts.

Verra’s revamped methodology for reducing emissions from deforestation and forest degradation in developing countries (REDD) includes a module for unplanned avoided deforestation that sets jurisdictional baselines instead of relying on project-specific ones, but it will lift the Peruvian government’s nationally set REDD reference level, Carbon Pulse heard on a stakeholder webinar Wednesday.

Credit retirements in the voluntary carbon market fell 10% in Q2 2024 compared to Q2 2023, while corporates are increasingly wary of adopting ‘carbon neutrality’ claims, according to VCM analysts carrying out a quarterly review of the market.

A massive expansion of solar and wind energy to meet EU climate goals does not require Europe to compromise on food production or nature protection goals, campaigners said on Wednesday.

There are major issues with how science-based targets are set by companies and governments alike, including basic misinterpretation and over-simplification, scientists have warned.

A global crop nutrition company and a green fertiliser firm have signed an agreement for the offtake of a calcium ammonium nitrate (CAN) fertiliser project in Villeta, Paraguay. 

Global consumption of coal will remain unchanged through 2025 due to the rising demand for electricity in major economies, despite a rapid expansion of renewables, the International Energy Agency (IEA) said Wednesday.

Clear Sky, an investment company specialising in aviation sustainability, announced two sustainable aviation fuel (SAF) partnerships on Wednesday. 

The new ‘Clean Industrial Deal’ outlined by European Commission President Ursula von der Leyen last week should include a reform of EU electricity market rules, so that heavy industries can benefit from low-cost renewable and nuclear energy, EU trade association Eurofer told Carbon Pulse in an exclusive interview.

India’s leading carbon credit developer and supplier EKI Energy Services has posted a net profit of 8.4% or INR 348.3 lakh ($0.42 million) in the quarter ending June, on the back of increased income from its venture into power trading, the company announced Tuesday.

South African President Cyril Ramaphosa has signed into law the country’s landmark Climate Change Bill, imposing emissions caps on major polluters, the government announced on Tuesday.