Carbon Pulse

A buyers' club and a Houston-headquartered CO2 removal (CDR) developer announced Wednesday the signing of an $58.3 million multi-year offtake agreement, as the group continues its support of the developing market.

Voluntary carbon credit issuing body Gold Standard has unveiled a new methodology that will issue credits relating to home food recycling, it said on Wednesday.

The current activation point for the principal supply balancing mechanism in the EU ETS, the Market Stability Reserve (MSR), is too high and represents a "key weakness" of the market, according to analysts at a bank.

The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.

A fund created as an alternative to carbon offsetting by a EU-based climate project platform has selected 13 activities from the durable carbon removal (CDR) sector from which it will pre-purchase removals in a bid to help scale the nascent industry.

A carbon standard has said it sees a mixed approach among developers on their readiness to engage with Article 6, with some preferring to only transact on the voluntary market due to perceived investment uncertainties and risks relating to the UN mechanisms, while others are attracted to the high potential prices.

Climate Asset Management has acquired 1,900 hectares of farmland collectively across areas of Spain and Portugal for regenerative agriculture, setting aside 10% for biodiversity while exploring ecosystem services.

The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.

Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .

European carbon allowance prices fell sharply on Wednesday morning in light trading amid a European bank holiday, while weekly Commitment of Traders data that showed a third successive drop in investment funds' net short positioning triggered some speculation that prices may have reached a short-term floor.

RWE's fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.

An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.

A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.

An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.

A ratings agency has unveiled a new assessment tool to flag benefits and risks associated with voluntary carbon projects to investors.

Phasing out coal will be integral to the energy transition and Just Energy Transition Partnership’s (JETP) Southeast Asian members, but halting new coal construction in tandem with a renewable energy build-out will be more productive than a focus on shuttering existing coal plants, according to a journal article published this week.

Major Australian companies and industry groups are at odds over whether the government should pursue a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage, according to submissions under a government consultation.

A Tokyo-based direct air capture (DAC) startup has raised 250 million yen ($1.5 mln) in seed funding to complete the prototype of its DAC system and business expansion, the firm announced.

The World Economic Forum (WEF) and consultants McKinsey & Co have taken the lead in initiating a Frontrunners Coalition seeking to contribute to shaping the development of and building confidence in the emerging voluntary biodiversity credit market.

A carbon project developer and international financial advisory have teamed up to launch an early-stage funding facility to invest in nature-based solutions in the Amazon and Africa, they announced Tuesday.