Carbon Pulse

A multinational brewery and pub chain has decided to withdraw its carbon negative claim and stop purchasing voluntary carbon credits to focus on reducing emissions instead.

Carbon pricing mechanisms can play a pivotal role in transitioning the economies of the Western Balkans by incentivising clean energy investments, limiting their exposure to the EU's carbon tariff, while raising revenue that can be used to support vulnerable communities, the World Bank said in a report published Wednesday.

The new UK government's plans to spur clean energy and infrastructure investment, including with the creation of a public company, were widely welcomed after they were confirmed in the King's Speech on Wednesday - although many cautioned that more is needed to tackle climate change.

The Clean Cooking & Climate Consortium (4C), led by the Clean Cooking Alliance (CCA), is seeking technical help for its new methodology for crediting emissions reductions from clean cooking projects as part of a UN-backed initiative.

One of Australia’s most ambitious hydrogen developers has all but abandoned its plans for the green fuel, it said Wednesday, which the firm had once suggested could rival the scale of Saudi Aramco’s oil output.

African banks could face a 21% increase in credit losses by 2050 unless companies in highly-exposed sectors, including agriculture and mining, urgently address their risks and dependencies on nature and shift to more sustainable practices, a report has said.

WWF has called on the UN’s International Court of Justice (ICJ) to establish a duty for countries to stop harming biodiversity as part of their obligations to address the climate crisis.

European carbon prices were modestly weaker at midday on Wednesday as a downward trend established from the opening was briefly interrupted by bullish gas news that was later proved to be incorrect, while weekly positions data from the futures exchanges showed a modest increase in speculators' bearish bets.

A US off-grid solar company has secured financial backing to expand product sales worth up to $176 million in Kenya, Tanzania and Uganda.

A Brazilian state government has announced the upcoming implementation of a legal regulation to offset corporate impacts on nature, making it the first state in the country to establish a biodiversity crediting scheme.

A global water company is working with a carbon removal startup to marry the worlds of carbon removal and water purification, delivering attractive cost savings and carbon removal credits in the process.

Xpansiv’s CBL spot exchange will launch its first batch of standardised registry-specific contracts aligned with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) on July 23, it announced Wednesday.

The New South Wales government has announced major reforms to its biodiversity conservation laws in response to the recent Henry review, including reforming the state’s nature offsets scheme.

A carbon utilisation company capturing and transforming CO2 into chemicals has raised $43 million in a Series A round co-led by Google Ventures and HV Capital.

Scientists from Japan's Chiba University have developed a sodium carbonate-nanocarbon hybrid material for capturing CO2 from industrial emissions, which they claim to be a cost- and energy-effective option for thermal power plants and factories.

The New Zealand opposition has come out swinging against the government’s draft second Emissions Reduction Plan, while experts say the plan places too much emphasis on reducing ‘net’ rather than gross greenhouse gas emissions.

Long-term prices in New Zealand’s Emissions Trading Scheme (ETS) could sit at just NZ$50 ($30.35) as the government intends to pursue a least-cost pathway to achieving its climate goals, it said in the draft second Emissions Reduction Plan (ERP) published on Wednesday.

California Carbon Allowances (CCAs) have traded lower for six straight sessions after the release of ARB’s cap-and-trade informal rulemaking workshop slidedeck showing a delay in implementation of proposed changes pushed to 2026 that surprised market participants.

The lack of regulations within the carbon offset market could potentially lead to increased corruption and consequently undermine climate efforts in the coming years, the United Nations Environment Programme (UNEP) warned this week.

Ecuador has long abstained from the voluntary carbon market (VCM), but now, pending legislative buy-in, it could boost benefits to communities over traditional results-based REDD payments, the country’s carbon association president said Tuesday.