Carbon Pulse
![Subscribe to Carbon Pulse feed](https://www.seng.org.au/misc/feed.png)
![Carbon Pulse](https://carbon-pulse.com/wp-content/uploads/2024/01/cropped-apple-touch-icon-32x32.png)
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 8 min ago
UNEP announces seven new flagship projects eyeing restoration of 40 mln hectares worldwide
The UN Environment Programme (UNEP) has announced seven new flagship restoration projects ahead of the 6th UN Environment Assembly (UNEA), which will be held from Feb. 26 to Mar. 1 in Nairobi, Kenya.
Categories: Around The Web
NZ Market: Well-supplied compliance buyers and policy vacuum creates directionless NZU price
The NZU price has been trading sideways for the last six weeks, as emitters stocked up on units see no need to wade in, while the market awaits answers from the government on lingering policy issues, according to market participants.
Categories: Around The Web
Investor, tech firm partner to launch Japan’s first nature-based carbon fund
A Tokyo-based sustainable investment platform has teamed up with a technology and advisory firm to launch what they say will be Japan’s first investment fund for nature-based carbon credits, with a target size of 10 billion yen ($67 million).
Categories: Around The Web
Australian group receives govt grant to teach AI how to recognise native species
An Australian environmental group has received federal government funding to train AI models how to accurately recognise and identify up to 120 native species.
Categories: Around The Web
Tripling renewables requires $2 trillion per year and pivot from fossil fuel subsidies -report
Meeting the global goal to triple renewable energy by 2030 will cost $2 trillion per year on average, including $100 billion per year in Sub-Saharan Africa, according to research published on Tuesday.
Categories: Around The Web
EU carbon the worst-performing regional energy market this year as utility, industrial demand slides
EUAs are the worst-performing regional energy commodity of the year to date, as prices have buckled under a lack of demand and the weight of selling pressure by speculative investors and utilities alike.
Categories: Around The Web
Alberta TIER programme tightens emissions benchmarks across products
The Alberta Technology and Emission Reduction (TIER) programme published on Monday over a dozen updated benchmarks, tightening allowable emissions levels and raising compliance obligations through to 2030 across multiple sectors.
Categories: Around The Web
RGGI Market: RGAs recede from record highs heading into first auction in 2024
RGGI allowance (RGA) values retreated amidst high transaction volumes heading into the first auction of the year, following three weeks of unprecedented record prices and lower activity.
Categories: Around The Web
US DOE offers up to $100 mln for pilot-testing of carbon removal initiatives
The US Department of Energy (DOE) announced Monday funding of up to $100 million towards pilot-scale testing in the development of commercially viable CO2 removal technologies.
Categories: Around The Web
US oil field CO2 equipment firm partners with reforestation non-profit towards planting 1 mln trees
A supplier of equipment and measurement of GHG leaks announced Monday funding for a tree planting programme as part of its 2030 emissions reductions goals.
Categories: Around The Web
Germany urged to introduce climate bonus from carbon pricing revenues -media
Germany should introduce a climate bonus payment to return state revenues from carbon pricing to citizens as compensation for rising costs, according to the head of the International Energy Agency (IEA).
Categories: Around The Web
Canadian carbon offset developer reaches agreement on mangrove project for up to 10 mln credits
A Vancouver-headquartered nature-based carbon offset project developer announced Monday an agreement with a global project developer for a joint mangrove restoration project in a Mexican state with the potential to generate over 10 million credits.
Categories: Around The Web
VCM Report: Voluntary carbon market struggles for direction awaiting CORSIA and ICVCM clarity
Standardised voluntary carbon market prices continued on a sideways trajectory last week as participants mulled the work being done by the Integrity Council for Voluntary Carbon Markets (ICVCM), while also awaiting clarity on which units will be eligible for the current CORSIA phase.
Categories: Around The Web
FEATURE: Geoengineering could help curb sea level rise, produce unknown side effects
Injecting sulphur dioxide into the stratosphere could significantly curb sea level rise induced by global warming, according to researchers behind a new geoengineering study - who also question the reliability of carbon capture and storage (CCS).
Categories: Around The Web
Euro Markets: Midday Update
EU carbon prices extended their losses for a fourth consecutive session on Monday, dropping to yet another 23-month low and breaching a key technical level as selling pressure sliced through buying interest before finding some support.
Categories: Around The Web
ANALYSIS: Enthusiasm for mini nuclear reactors is growing in the EU, but tech is far from deployable
Optimism for the role of Small Modular Reactors (SMRs) in the EU’s future energy system abounds, but, with the nuclear technology still far from ready for the market, some warn that it may prove to be a "dangerous distraction".
Categories: Around The Web
Santander-owned project developer partners with fertiliser producer for permanent carbon removals
A carbon project developer has teamed up with a Brazilian fertiliser company to scale enhanced rock weathering (ERW) removals, the firms said Monday.
Categories: Around The Web
Australia-listed startup rolls out near-zero emissions steel plant plans
An Australian startup on Monday said it is able to make near-zero emissions steel from lower grade iron ore.
Categories: Around The Web
US Department of Interior pledges $157 mln for ecosystem restoration projects
The US Department of Interior has announced a $157-million spending package on ecosystem restoration projects in a bid to support nationwide efforts to drive funding towards degraded lands and waters and advance climate resilience.
Categories: Around The Web
SBTi validates its first 1.5C-aligned shipping company emissions plan
One of the world's largest shipping container companies has become the first in the industry to have its emissions reduction targets validated by the Science Based Targets initiative (SBTi) for a 1.5C-aligned pathway.
Categories: Around The Web