Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 41 min 5 sec ago
Japanese developer, Filippino biochar producer partner to generate credits across Southeast Asia
A Tokyo-based project developer has teamed up with a biochar producer in the Philippines to generate carbon credits across the Southeast Asian region, it announced Wednesday.
Categories: Around The Web
Canada launches C$335 mln fund to support Indigenous-led marine conservation
Canada's federal government announced on Tuesday a C$335 million ($245 mln) allocation in blended finance to support First Nations in the preservation and stewardship of the Great Bear Rainforest's marine and coastal environment.
Categories: Around The Web
INTERVIEW: New forest carbon standard seeks to disconnect revenue from credit issuance, ensure community buy-in
A new forest carbon standard is looking to take an area-based model to how it generates revenue, rather than being paid for how many credits it issues to a project, and will require transparent benefit sharing among all project stakeholders to ensure community approval.
Categories: Around The Web
Australian pension fund hits back on demands to divest from coal
Simply divesting from fossil fuel companies is a poor tactic in the transition to net zero, an Australian pension fund said Wednesday after being criticised for walking back its exclusion policy on coal.
Categories: Around The Web
Indonesia joins forces with US philanthropy in massive push to protect rainforest, restore biodiversity
The government of Indonesia has formed a partnership with a US-based philanthropy to restore nature and biodiversity by safeguarding 15 million hectares of rainforest in the Southeast Asian country.
Categories: Around The Web
Carbon standard plans to issue first biodiversity credits by year end
A voluntary carbon standard plans to issue its first batch of biodiversity credits generated through two separate projects in Latin America by the end of the year, a company executive told Carbon Pulse.
Categories: Around The Web
Pertamina, NYK to collaborate on liquefied CO2 transport, establish joint ship management company
Indonesia’s Pertamina has signed an agreement with Japan’s NYK Line to establish a ship management company as well as collaborate on liquified carbon dioxide (LCO2) and LNG transportation.
Categories: Around The Web
BHP on track to cut emission by 30% by 2030, says pathway to net zero not linear
Anglo-Australian miner BHP is on track to achieve a 30% reduction in Scope 1 and 2 emissions by 2030, but says technology challenges mean its progress to reaching net zero emissions by 2050 will not be linear.
Categories: Around The Web
Advisory committee members oppose DEQ’s proposal to allow for-profits to serve as CCI entities
Advisory committee members opposed the Oregon Department of Environmental Quality's (DEQ) plans to allow for-profit companies to implement projects supported by Community Climate Investment (CCI) under the Climate Protection Program (CPP), at a meeting Tuesday.
Categories: Around The Web
Trade group pitches US EPA to boost RFS volumes
A clean fuels trade group petitioned the US Environmental Protection Agency (EPA) on Tuesday to increase Renewable Fuel Standard (RFS) volumes for 2024 and 2025 based on actual production output.
Categories: Around The Web
Brazilian police probe uncovers new carbon projects, plus hydroelectric, logging plans -media
An ongoing probe by the Brazilian federal police (PF) has uncovered new projects by a group already under investigation for suspected carbon fraud, and evidence has come to light that those involved also allegedly intended to install and operate hydroelectric plants illegally, as well as engage in illicit wood harvesting, according national media reports.
Categories: Around The Web
State judge rejects effort to toss out Colorado local governments’ lawsuit against oil majors
A Colorado state court judge denied on Friday requests to dismiss a lawsuit from a city and county seeking damages from fossil fuel firms for the impacts of climate change.
Categories: Around The Web
Iowa regulators approve construction permit for CO2 pipeline
The Iowa Utilities Board (IUB) on Tuesday approved an application for a construction permit of a proposed CO2 pipeline in the state.
Categories: Around The Web
Virginia RGGI repeal challenge from green group proceeds on merits
A new judge in a Virginia county circuit court ruled Monday that a green group’s case opposing the state’s withdrawal from the RGGI carbon market has standing to proceed with two claims moving forward.
Categories: Around The Web
Use of renewables-based electricity can cut India’s heavy industry emissions by 17% -report
India can slash 17% of its carbon emissions from heavy industries by 2030 through the use of renewables, a report released Wednesday has found.
Categories: Around The Web
Multi-faceted carbon removal startup secures first offtake deal for biochar credits
A North American carbon dioxide removal (CDR) startup that mixes various technologies has secured its first offtake agreement for biochar credits.
Categories: Around The Web
UK forest carbon fund to complete afforestation plans within 12 months
A British forest carbon fund is on course to finish its tree-planting programme by "spring 2025", it announced in an annual investor report Tuesday, though a lack of available equity has held the firm back from acquiring more planting land to continue the scheme beyond this date.
Categories: Around The Web
US retailers slammed for lack of sustainable products amid escalating deforestation concerns
US retailers are under fire for not providing sustainable alternatives to products such as toilet paper and paper towels that are contributing significantly to global deforestation and climate change, according to a new report.
Categories: Around The Web
Most EU countries set to miss deadline for national energy and climate plans
The EU's 27 member countries are running out of time to submit their National Energy and Climate Plans (NECPs), with only a few expected to meet the official deadline at the end of this week.
Categories: Around The Web
Oil and gas initiative joins forces with shipping group to decarbonise sector
An oil and gas group has teamed up with a clean shipping industry body to work on solutions to decarbonise the sector, including a focus on carbon capture on ships, they said Tuesday.
Categories: Around The Web