Carbon Pulse

Around 10 biodiversity credit project managers have expressed interest in selling units via an online marketplace, following the listing of credits from a company with South American sites, Carbon Pulse has learned.

Carbon dioxide removal (CDR) technologies face significant barriers to scale, such as upfront capital needs and vastly different permanence and storage potential across activity types, but would grow with supportive policies for integration into carbon markets, according to a recent report commissioned by the Swedish government.

Spanish ports may be buoyed after Algerian banks put an embargo on support for the transshipment of goods through Moroccan ports, countering the dampening effect Spain was expected to see from the extension of the EU ETS to shipping.

Applying artificial intelligence (AI) at a coal-fired power station could help capture 17% more carbon dioxide while reducing energy use by 36%, according to research published Monday.

We are searching for a US-based CEO to lead our client’s renewable energy development initiatives across North America. Our client, an IPP, boasts an impressive track record with projects spanning Europe, Africa, and the Americas with a range of large utility-scale projects. They are passionate about utilizing natural resources to make a positive impact in the world.

A Libyan oil firm will embark on a reforestation initiative in the first quarter of 2024, aiming to plant one million trees and remove 10 MtCO2 once the programme is complete, it said over the weekend.

Carbon Pulse has grown its European management team with two new hires and an internal promotion, as the company prepares for the departure of one of its co-founders.

European carbon prices were little changed at midday as the first auction of the year cleared close to the prevailing secondary market price, providing some support after levels had earlier dropped to a new 15-month low, while traders predicted a quiet session due to the closure of US markets for a public holiday.

The world’s second-largest steel producer ArcelorMittal and the French state will invest €1.8 billion to reduce the carbon footprint at its two primary steelmaking sites in France, shaving the country’s industrial emissions by 6%, the French economy and energy minister has said.

A Korean power company is planning to make a foray into the international carbon market by implementing a boiler replacement project to help cut emissions in Vietnam.

Creating carbon nanofibres can offer a novel way to store CO2, with green hydrogen as a useful byproduct, according to recently released study.

Japan's Ministry of Economy, Trade and Industry (METI) has appointed a major shipping company to conduct a study on the potential of ocean thermal energy in Mauritius.

Australia’s most prominent companies and industry associations are failing to translate their headline climate aspirations into actions that support national policies to address it, a report released Monday found.

Australian oil and gas company Santos has won its second court case against Traditional Owners and can proceed with gas pipe-laying at its Barossa gas project and the associated carbon capture and storage (CCS) project.

Adopting a 1.5C compatible pathway could save the EU at least €1 trillion by 2030, making climate action not just necessary but economically imperative, and this will mean aiming for net zero emissions by 2040, according to an NGO report published on Monday as environment ministers gather in Brussels to discuss post-2030 climate ambition.

The minor New Zealand government coalition party Act has released a draft bill for consultation to use offshore mitigation to meet its emissions targets as well as to allow emitters to use international carbon credits to meet their compliance obligations.

The Cambodian government has approved an operations manual to implement Article 6 carbon crediting projects, as two Verra-listed projects in the country were granted permission to sell correspondingly adjusted (CA) credits, according to their developer.

John Kerry will leave his posting as the Biden administration's climate envoy in late winter or early spring, multiple media sources have confirmed.

A daily summary of our news plus bite-sized updates from around the world.

Investors are “flying blind”, ignoring significant financial risks of climate litigation for polluting companies, academics have warned, while urging an overhaul in how these risks are assessed.