Carbon Pulse

Building developers in England will be able to more easily address the biodiversity impacts of their projects and comply with the biodiversity net gain (BNG) mandate thanks to the launch today of a new BNG software, which helps companies understand the biodiversity impact of different building designs.

Germany’s international development agency GIZ and the Philippines Climate Change Commission on Tuesday announced the soft launch of a programme aimed at protecting, conserving, and rehabilitating biodiversity and natural carbon sinks in the Southeast Asian nation.

High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.

A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.

Members of the Association of South East Asian Nations (ASEAN) can reduce their decarbonisation costs by $800 billion by 2050 if they work together to build power interconnectors, hydrogen networks, and energy storage infrastructure, according to research published Tuesday.

Singapore and New Zealand have agreed to work together on carbon markets as one of several green economy measures, according to an agreement signed between the two countries Monday.

A London-based carbon-accounting startup is to merge with a Singapore-based climate tech company as part of a deal worth millions, boosting both companies' access to a growing $15 billion market.

A gas-fired power producer with facilities across several US states has revised its energy portfolio framework finalised less than a year ago, now forecasting fewer CO2 cuts due to delayed retirements of coal-fired units and increased use of gas-powered electricity.

RGGI Allowance (RGA) prices wound down from volatile activity in weeks prior but continued to trade at higher volumes last week, driven by compliance demand, market participants said.

A UK-based climate risk analysis startup has raised $3.5 mln in seed funding, it announced Monday.

An energy distributor has announced a project partnership with another Quebec-based carbon capture and sequestration (CCS) company, aiming to decarbonise their industrial operations.

Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.

While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.

A Canadian manufacturer of sustainable hemp products has bought a majority stake in a platform that creates and distributes carbon sequestration certificates to projects that use the material, as it looks to expand its reach in the voluntary market. 

There needs to be a more transparent and predictable approach to regulatory interventions in the EU ETS, a report from a think tank said Monday.

European carbon prices fell sharply in line with energy markets on Monday morning, as tensions in the Middle East appeared to lessen after Iran's drone strikes against Israel were largely defeated, with analysts and market participants reporting a general relaxation.

The Danish government has allocated DKK2 billion ($285 million) to initiatives aimed at strengthening biodiversity across the country, including planting forests and enhancing water ecosystems.

Global carbon markets are slowly moving towards standardisation and there will be a demand for specific types of carbon from a specific group of people, according to the co-founder of an Indian climate startup.

Non-profit tech company and the Bloomberg Ocean Initiative have launched an open-source tool to track progress in sea conservation across the world, and presented it during the ongoing ocean conference in Athens, Greece.