Carbon Pulse

California electricity sector CO2 emissions continued to decrease from the previous year's levels in October, but at a more moderate pace than in recent months, as shares of natural gas CO2 output skyrocketed and renewables fell back, data published Monday showed.

Two carbon removal project developers have joined forces to explore the development of large-scale direct air capture (DAC) facilities in Canada.

Tree-planting initiatives to increase CO2 sequestration, as part of forest management strategies supported by recent US legislation, may not offset the carbon emitted from related efforts to reduce the risk of wildfires, a new study warns.

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).

The EU can help Africa achieve its climate goals by raising its demand for carbon credits, Kenya's president William Ruto told the European Parliament on Tuesday.

UK-based CreditNature has closed its third funding round at £470,000, increasing its valuation to almost £5 million, the company has said.

Pakistan’s federal government is working on a comprehensive policy framework to establish its domestic carbon market, the prime minister’s office said on Monday as reported by local media.

Eight of the largest fossil burning power companies in the EU each posted a year-on-year drop in ETS-covered output in excess of 14% over the first nine months of the year, leading analysts to consider the impact on EUAs of the increasing uncertainty of estimating utility emissions in light of clean energy expansion, and the bearish potential of a continued decline in forward hedging from the sector.

The UK and South Korea are set to sign a clean energy partnership on Wednesday to boost cooperation on low carbon technologies, renewables including offshore wind, and tackling climate change.

Marketplace Plastic Credit Exchange (PCX) has claimed parts of two reports raising concerns about pollution from plastic credits, linked to burning the material as fuel, are inaccurate.

Global warming is not the only driver of the headlong rush to transition to green energy that has triggered a borrowing binge battle between the US and China - the world is also running out of cheap and easily extracted oil.

The Voluntary Carbon Markets Integrity Initiative (VCMI) will publish additional guidance on Nov. 28 to supplement its 'Claims Code of Practice' that is expected to include details of easier tiers of achievement to help corporates onto the mitigation ladder, while still avoiding allegations of greenwashing when buying carbon credits.

The European Parliament adopted on Tuesday its position on the EU's proposed Net Zero Industry Act (NZIA), proposing a wider list of go-to technologies and moving towards ETS-funded sovereignty.

Health companies reliant on functioning ecosystems and healthy water supplies for business continuity are taking the lead in reporting their nature dependencies through the Taskforce on Nature Related Financial Disclosures (TNFD) and striving to curb their impacts on the natural world, with several leading multinationals mapping their value chains to understand their biodiversity impacts more closely.

Climate Impact X (CIX) has temporarily suspended credits from a troubled Kasigau corridor project (VCS 612) into delivery for its nature-based benchmark, Nature X, with immediate effect, a day after two senior staff member at the project were sacked in relation to ongoing investigation into sexual harassment and abuse allegations.

Carbon prices in Europe initially tumbled on Tuesday morning, taking their cue from a declining natural gas market and a weak auction, to approach the year-to-date low reached at the start of the month, before later rallying as selling activity dwindled towards midday.

The EU’s first draft legislation defining a framework for certifying carbon removals passed with a large majority during a vote in the full European Parliament in Strasbourg on Tuesday, paving the way for negotiations with member states and the European Commission for an agreement on the file.

Australian miner Fortescue took another step to trying to realise its vast clean energy hopes Monday with the sanctioning of two hydrogen projects prior to its annual general meeting in Perth at a cost of over $700 million.

Indonesia has launched its Comprehensive Investment and Policy Plan (CIPP) under the Just Energy Transition Partnership (JETP), which includes a $20-billion plan to invest in renewables as part of efforts to rid its power sector of coal.

A major carbon credit project developer and trader in South Korea on Tuesday made its debut on a major domestic exchange, with plans to secure more carbon credits under Article 6 of the Paris Agreement.