Carbon Pulse

The US Environmental Protection Agency (EPA) announced on Monday $4.3 billion in grants to 25 selected applicants for proposed projects that aim to cut nearly 1 billion tonnes of CO2e by mid-century.

There were few signs signs of recovery across the voluntary carbon market last week, traders warned, as this year's summer slump continued.

A Colorado-based developer of projects combining carbon sequestration and renewable gas has secured around $13 mln in equity financing, which it said will help to commercialise its technology.

Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 21, which saw new pronouncements and high hopes for measures in countries such as the Dominican Republic, Mexico, Brazil, and Argentina – but fitful progress.

An Israeli climate tech startup has completed a seed funding round to scale and deploy its water-based CO2 removal (CDR) technology. This latest round brings the total funding raised by the company to $10 million. 

A Vancouver-based firm specialising in renewable energy projects intends to build a C$3 billion ($2.18 bln) refinery and solar farm east of Moose Jaw in Saskatchewan, incorporating the latest green technology.

The UK's new government faces a "substantial challenge" in decarbonising the power system by 2030, an analytics and consulting firm warned on Monday - the same day London proposed changes to align its capacity markets with reaching net zero emissions by 2050. 

A global bioethanol alliance says biogenic CO2 from fermentation can be stored at a cost of less than €100 per tonne. So why is it not on the IPCC’s list of carbon removal technologies?

Singapore-headquartered marketplace PCX Markets has seen a sharp increase in demand for plastic credits, claiming the sale of units on its platform helped fund the recycling or upcycling of 9,000 tonnes of plastic waste last year.

The European Union will need to maintain its position as a global leader in sustainable finance, driven by high consumer demand and a set of regulations against greenwashing that are due to improve next year, according to research published last week.

An international oil and gas company is seeking approval for its plans to build a new CO2 pipeline under the English Channel. 

European carbon prices weakened throughout the morning on Monday, dropping to a 12-week low as natural gas prices also came under pressure as the August options contract expiry approaches at the end of the week, while analysts highlighted changes to the auction programme that mean there will be no cuts in volume sold next month.

The European Commission is looking into ways to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) from as early as next year, the head of the Commission’s taxation unit told Carbon Pulse.

The government of Para in Brazil has opened a public consultation regarding a pilot concession for forest conservation projects to generate carbon credits and other environmental assets.

A Japanese developer has become the first to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), potentially paving the way for a boost of supply for the scheme.

Suriname has released its updated National Biodiversity Strategy and Action Plan (NBSAP) under the Kunming-Montreal Global Biodiversity Framework (GBF), setting out a broad range of actions to ramp up funding for nature conservation and restoration.

An Indigenous Peoples group in Malaysia’s Pahang state has filed a court case against a palm oil plantation firm as well as the state and federal governments over a proposed palm oil project it says breaches their land rights and endangers wildlife.

The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.

The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.

The Australian Securities Exchange (ASX) is set to launch futures contracts for the Australian and New Zealand carbon markets later this month, however participants say the level of participation and interest will vary considerably between the two jurisdictions.