Carbon Pulse

A Montreal-based carbon removals developer has announced a Series A funding round of C$75 million ($54.5 mln) to advance its goal of a billion tonne-scale project in Canada.

The EU will extend for 10 years authorisation for the use of glyphosate, the European Commission said on Thursday, exercising its default power after member states failed to agree.

The UN body responsible for guiding which projects may be credited under Article 6 of the Paris Agreement has unanimously agreed to its methodology recommendations after two years of intense discussion, just in time to forward its guidance document to country negotiators at COP28.

A Washington-based company reducing the carbon intensity of feed, fibers, fuel, and fertiliser by converting recycled CO2 has received $5 million in seed funding from four investors, it announced on Thursday.

A company working in precision agriculture helped avoid the loss of 1,216 species worldwide throughout 2022, US-headquartered asset manager Federated Hermes has suggested.

NGOs have said they have “serious concerns” with a text being considered for adoption by member states on the bloc's new legislation aiming to define how to certify carbon removals, they said in a letter published on Thursday.

Some 143 fossil fuel and chemical industry "lobbyists" have registered to attend the global plastic treaty negotiations in Kenya, according to a non-profit concerned that the delegates will exert an undue influence upon the proceedings and force lower ambition.

Ukraine’s deputy energy minister said on Thursday that the country’s electricity grid may need additional inputs from the EU this winter to prevent blackouts, adding that the embattled nation's power sector is shaping up in the hope of EU accession.

The European Commission will soon present a communication on how to improve energy grids in Europe that will also cover how important CCS technology has become, the executive's Green Deal boss Maros Sefcovic said on Thursday.

Two large corporate carbon credit buyers expressed a broadly positive outlook for the development of jurisdictional REDD+ in spite of "a difficult year" for the forestry sector, in a webinar on Thursday, urging patience from the market.

Companies are counting on an under-the-radar tweak to EU ETS rules to kickstart projects to store carbon permanently in buildings, with the incentive to shave carbon costs enough to get going without needing to rely on fledgling efforts to generate carbon credits from removals.

An international conservation NGO on Thursday announced it is launching a Mangrove Conservation Fund for Malaysia as its first action after establishing a presence in the Southeast Asian nation.

Most Asia-Pacific nations are trailing global commitment levels in emissions targets, and they should use the next cycle of NDC updates in 2024-25 to recalibrate, a UN report said Thursday.

A coalition of countries could collaborate on a plan for regulation to push a nature positive agenda globally, the director general of the WWF International has said.

European carbon declined slowly through Thursday morning, tracking movements in natural gas amid a general lack of activity, as participants continued to speculate over whether prices will recover ahead of the expiry of the current front-December contract.

A financing mechanism, launched on Thursday by green groups with backing from the UK government, will provide advanced funding for forest-rich countries that sign binding Emissions Reduction Purchase Agreements (ERPAs) with the LEAF Coalition, with executives hoping to secure two such deals this month and several more in the first half of 2024.

A global study of over 15,000 small-and medium-sized enterprises (SMEs) has highlighted that many SMEs want to make progress sustainability, but often are unable to measure and report on emissions.

A ratings agency for the voluntary carbon market (VCM) has announced a partnership with a satellite data provider, it announced Thursday, to enhance the monitoring, reporting, and verification of forestry projects.

A Danish tech company announced Thursday its soil carbon platform now covers two million hectares spanning 17 European countries, with the expansion aided by a €46 mln raise earlier this year. 

A European cleantech firm has raised €4.5 million including grants from Brussels to improve the energy efficiency and reduce emissions as part of heavy industrial processes, according to a release Thursday.