Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 8 min 25 sec ago
Largest UK ETS emitter rejects union plans, confirms coal exit
Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.
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Planning underway for industrial carbon capture and utilisation plant in Austria
A clean tech company and a supplier of high-grade refractory products are advancing plans to build a capture carbon and utilisation facility in Austria to make industrial products.
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Environmental non-profit endorses NY legislation to combat emissions from warehouse operations
A US environmental non-profit outlined policy solutions in a report released Thursday to address the expansion of storage facilities and truck hauls in light of rising demand for shorter delivery durations, which has placed unequal health disparities on low-income households and communities of colour in New York.
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European Commission to propose a 90% EU emissions cut by 2040 -Bloomberg
The European Commission will propose a goal for the EU to cut greenhouse gas emissions by 90% by 2040, Bloomberg reported citing anonymous sources, in line with scientific recommendations and a previous hint by the EU climate chief.
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Weak power and gas prices to push EUAs lower in 2024, say analysts
Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.
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US regulators probing former NBA sponsor Aspiration over carbon offset business -Bloomberg
The NBA’s Los Angeles Clippers have ended their partnership with carbon offset startup Aspiration, which was previously a sponsor of the professional basketball team and is now under investigation by US regulators for potentially misleading customers, Bloomberg reported Thursday.
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INTERVIEW: Venture to fertilise ocean with synthesised whale poo eyes gigatonne-scale carbon removal
A venture using synthesized whale poo to stimulate phytoplankton growth in the ocean leading to increased carbon sequestration, says that the process has gigatonne-scale potential for carbon removal and could generate ‘deep blue carbon removal’ credits in future.
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Biodiversity Pulse: Thursday January 18, 2024
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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Alliance forms to back large-scale marine nature restoration in Norway
Four organisations in Norway have teamed up to form Norwegian Marine Restoration (NoMaRe), a collaborative platform seeking to restore the more than 5,000 square kilometres of kelp forests that have been lost along the coast over the past decades.
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Agricultural firm launches ecosystem restoration project in India
A Norwegian-Indian company has signed a Memorandum of Understanding (MoU) with a state government forest department in India to develop a 100,000-hectare environmental conservation project, aiming to contribute to the voluntary carbon market.
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Russia’s new voluntary carbon registry claims another milestone with first retirements
Russia’s nascent voluntary carbon market has claimed another milestone after a copper producer announced it would retire carbon credits to offset its emissions.
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Euro Markets: Midday Update
EU carbon prices moved in a relatively narrow range for much of the morning, trading higher despite briefly plunging to another 17-month low amid a short burst of aggressive selling, as traders eyed a rally in natural gas prices after three days of declines.
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Davos 2024: EU needs to clear the way for Green Deal investments
The European Union needs to remove barriers to investments in clean technologies to ensure that the Green Deal paves the way to new, sustainable economic growth, speakers said in Davos on Thursday.
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Davos 2024: UN calls for speedy ratification of high seas treaty after Chile makes first move
The UN has called on countries to swiftly ratify the Biodiversity Beyond National Jurisdictions (BBNJ) agreement, with 59 more to go after Chile this week became the first country to do so.
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China sets course for corporate involvement, expansive investment mechanisms in 2030 biodiversity action plan
China on Thursday published its National Biodiversity Strategy and Action Plan (NBSAP) under the Global Biodiversity Framework (GBF), confirming its 30% nature protection target while eyeing far-reaching regulatory reforms and a broad range of funding options for ecosystem conservation and restoration.
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DRC environment and civil society groups concerned over govt forest carbon plans
Civil society and environmental groups have released a joint statement expressing concern at an unexpected meeting called by the Democratic Republic of Congo (DRC) government to discuss forest plans, including carbon crediting from natural resources.
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Carbon exchange confirms staff layoff
Singapore-based Climate Impact X (CIX) had to let staff go last year but in a statement to Carbon Pulse Thursday said it had to “adjust [its] internal structure to ensure the team is aligned with the roles and skills necessary to support our business priorities.”
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Major Korean bank to participate in Cambodian REDD+ project
One of the largest commercial banks in South Korea has agreed to participate in a REDD+ forest protection project, the first domestic lender to do so.
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Australia Market Roundup: First ACCU issuance for 2024 sees 1 mln units released, Tasmania gets cash for Hydrogen Hub
The Clean Energy Regulator has handed out just over 1 million Australian Carbon Credit Units (ACCUs) in its first issuance for 2024, as the government announced A$70 mln ($45.8 mln) in federal funding to develop the Bell Bay hydrogen hub in Northern Tasmania.
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Asian CCS work sees another collaboration
Regional collaboration on carbon capture and storage (CCS) got another boost this week as the Asia Natural Gas and Energy Association (ANGEA) and the Global CCS Institute signed an agreement focused on policy development and advocacy for CCS.
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