Carbon Pulse

The UK will need “hundreds of billions” of pounds of largely private sector investment to reach its net zero target by 2050, a senior politician from the Labour party has said, downplaying the role of government funding in the energy transition, a week before the political party is likely to be elected into government.

Abandoned coal mines in the EU have emitted an estimated 298 million cubic meters of methane per year since 2015, or the equivalent that leaked from the explosion of the Nord Stream pipeline between Russia and Germany in 2022, according to research published on Thursday.

An Italian network has launched a national initiative to steer companies and financial institutions in integrating biodiversity into decision making, with 90 organisations already enlisted.

The International Union for Conservation of Nature (IUCN) has added over 1,000 species of plants and animals to its Red List of Threatened Species, bringing the total to 45,000.

European carbon allowances traded in a comparatively narrow range on Thursday morning – as indeed most of the energy complex did – as activity appeared to slow with some participants pointing to the start of the holiday season.

The Turkish ETS is unlikely to launch on Oct. 15, as had been previously announced, due to delays with the country’s climate law, say sources.

A group of Taiwanese companies on Wednesday formed a strategic alliance for participation in the voluntary carbon market, with one member announcing plans for a forestry project in Indonesia.

Following an earlier draft, environmental objectives have made their way back into the EU’s draft strategic agenda for the next five years, as EU leaders meet in Brussels today to decide the priorities of the next European Commission and appoint its new president.

An Alberta-based agricultural technology firm has introduced a new biochar product derived from industrial hemp, the company announced this week.

An Australian senate committee has recommended against passing a bill that would enshrine a duty of care on policy makers when approving projects that will have a material impact on global emissions.

A UK-based carbon removal marketplace is kickstarting live pricing and availability data for biochar carbon removals in a bid to improve market transparency and boost trading volumes.

Draft scenarios for long-term energy infrastructure development at EU level are incompatible with the bloc's 2030 climate goal, and underestimate the cost of technologies like hydrogen and carbon capture and storage (CCS), scientists warned on Thursday.

The World Bank will award $700 million in loans for Egypt to support a greener growth trajectory, including the establishment of a voluntary carbon market (VCM) regulatory framework, according to a release Monday.

European energy firms dominated the list of top emitters under the EU ETS last year, with Polish utility PGE leading the charge, according to a report released Wednesday.

A group of Republicans in the US House and Senate filed an amicus brief in a federal appeals court siding with litigation against the Securities and Exchange Commission’s (SEC) contested climate regulation.

A European direct air capture startup founded by a former Tesla engineer has raised €6 million in a seed funding round.

The New Zealand government has appointed an independent review panel on the country’s methane science and targets, alongside its terms of reference, it announced Thursday.

California regulator the ARB issued its lowest number of offsets since the winter holidays in its most recent two-week issuance period, with the year-to-date pace now lagging behind 2023 numbers, agency data released Wednesday showed.

Credit retirements under the Alberta Technology Innovation and Emissions Reduction (TIER) programme may reach 10 million tonnes this year, matching offsets and Alberta Emissions Performance Credits (EPCs) generation, a research firm said Wednesday.

Canada’s C$15 billion ($10.9 bln) public investment vehicle has signed a carbon contract for difference (CCfD) with a municipal energy company at an initial strike price per tonne of CO2 for a 10-year term.