Carbon Pulse

Two EU member states have notified the European Commission that they intend to increase the number of EU Allowances they plan to cancel via the bloc’s ETS flexibility mechanism to help them achieve their non-ETS emissions reduction targets.

A climate tech startup on Thursday signed a $40-million offtake agreement with a CO2 removals (CDR) buyers’ group for credits from its first US direct air capture (DAC) facility, which has been operational since May.

A decision by the newly formed government in the Netherlands to scrap a number of energy transition policies is leading to uncertainty for the clean technology sector in the country, according to experts, who also fear the new coalition will not survive long.

Lead negotiators laying the ground for the next UN climate summit are "more optimistic" about two key texts on carbon crediting methodologies and international trade than in the run-up to previous summits, a senior official told Carbon Pulse on Wednesday.

A Florida-based startup says it can cut concrete's CO2 emissions by up to 75% and pay its customers a return on investment of carbon credits over the first 12 months.

The Zimbabwean government has started developing policies for carbon trading under the Paris Agreement and expects to finalise them by end of year, the country’s environment minister told reporters in Harare on Thursday, per local media reports.

While carbon removals may be good for the climate, developers and buyers also need to minimise the project's impact on wider environmental health, and promote benefits, according to updated criteria for high-quality projects, released on Thursday.

A Brazilian cosmetics company has raised R$1.3 billion ($245 million) with a 'first-of-its-kind' sustainability-linked bond (SLB) tied to targets on biodiversity conservation and sustainable sourcing in the Amazon region.

A new Labour government in the UK could boost the green gilt market, a new report published on Thursday has found.

The European Union policy on how to define and certify carbon removal activities will move forward in October on a peatlands methodology, while several active in the sector have expressed surprise at a recent change in name of the regulation.

Brazil will host the G20 summit this year after producing close to 90% of its electricity from renewables in 2023, adding pressure on the group of leading economies to step up their decarbonisation efforts after seven countries let power sector emissions rise last year, according to analysts.

Flax-based materials that can reduce a vehicle’s weight and CO2 footprint are increasingly in demand among automakers looking to meet their decarbonisation goals and get ahead of the EU’s proposed end-of-life vehicles (ELV) regulation.

A $50-million fund to protect Egypt's coral reef has been launched this week under the Egyptian Red Sea Initiative, a newly established programme supported by the US Agency for International Development (USAID) and the UN-backed Global Fund for Coral Reefs (GFCR).

European carbon edged higher on Thursday morning as the market looked to end a three-day losing streak, with prices tracking firmer natural gas despite a downturn in liquidity as the holiday season approached its peak.

Beyond federal governments and supranational organisations, regional and city administrations can play a huge role in scaling up carbon dioxide removals (CDR) solutions, according to a report published Thursday.

Indian steelmakers will likely have to bear costs three times higher than that of their Chinese counterparts under the EU’s carbon border adjustment mechanism (CBAM) if no effective domestic carbon price is implemented by 2030, a webinar heard Thursday.

Stimulating demand for nature-related projects is a key part of a programme for making English nature projects more investable, a financial advisory company has said.

A US-based asset manager has announced the launch of a global fund to channel investments towards sustainable food, planning to reach 80% of companies in the portfolio committed to improving biodiversity.

BP has raised its oil and gas demand forecasts in a closely followed annual outlook, though still expects global CO2 emissions to peak over the next few years, with 7 billion tonnes of carbon capture needed by 2050 for the world to hit net zero.

The Global Reporting Initiative (GRI) has launched an initiative to steer companies in aligning disclosures under its framework with the European Sustainability Reporting Standards (ESRS).