Carbon Pulse

Australia’s open cut coal mines could receive a cash windfall in coming years as Australia’s reformed Safeguard Mechanism will let them generate credits under the scheme, a report said Wednesday.

British and Swedish energy companies have unveiled the details of what they describe as a "conservative" methodology for voluntary bioenergy with carbon capture and storage (BECCS) projects and the first comprehensive market-ready version for the technology, as they hope it becomes an industry standard for the issuance of carbon credits from such activities.

The Asia Pacific region will invest $3.3 trillion in power over the next 10 years of which about 50% will be reserved for wind and solar, while 12% will be designated for energy storage, a global energy consultancy said Wednesday.

Both candidates to be the next EU commissioners for the European Green Deal and for climate action secured the support of party coordinators representing the required two-thirds majority of the European Parliament's environment committee (ENVI), the committee chair said early on Wednesday after the MEPs received replies to their requests for additional information. 

The 'MAIF pour le vivant – Nature 2050' fund has opened a call for projects across mainland France and its overseas territories that contribute to the adaptation of territories to climate change and act to preserve biodiversity by relying on nature-based solutions.

An international network that includes 45 countries has launched the Coral Reef Breakthrough, planning to raise at least $12 billion in public and private finance this decade to stop the drivers of coral reef loss and accelerate restoration.

Australian mining and energy company Fortescue has taken the lead investor role in a $380 million Series C capital raise by a US-based hydrogen company, as the issuance of Australian Carbon Credits Units (ACCUs) fell over the past week.

Singapore has set eligibility criteria for international carbon credits that emitters can use towards a part of their carbon tax compliance requirements, with Minister for Sustainability and the Environment Grace Fu outlining seven precepts during a Wednesday speech.

The NZU stockpile has failed to budge between the June and September quarters, but the number of ETS participants holding units has increased, according to government figures.

The Americas branch of spirits producer Remy Cointreau has teamed up with WWF-Mexico to protect and regenerate the Monarch butterfly across the Americas.

The Director of Nature Positive Corporate Partnerships will provide administrative, research, communications, and project support for select corporate grant portfolios as part of CI’s Center for Sustainable Lands and Waters.

The supply of removal credits needs to be scaled up quickly with dramatic potential across North America. As a US Supply Manager you apply your effective negotiation skills to recruit suppliers and play a key consulting role to them to help them scale their carbon removal projects.

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

Massive tree-planting carbon offset projects, including those growing single species, are inadvertently degrading tropical ecosystems and biodiversity by focussing solely on carbon sequestration.

The Clean Energy Regulator and soil carbon project developer Agriprove have rejected concerns from scientists around the issuance of soil Australian Carbon Credit Units (ACCUs) as more credits from the project type have been issued. 

California regulator ARB presented further modelling of allowance budgets for its cap-and-trade programme until 2045 and opened discussion of accounting for emissions from electricity imports in unlinked jurisdictions with CO2 pricing, in materials released Tuesday ahead of the agency’s forthcoming pre-rulemaking webinar this week for its climate regulation.

Stakeholders discussed leveraging US hydrogen hub funding to enable technology agnostic production pathways, incentives, and other demand strategies, at a conference on Tuesday.

Occidental Petroleum, through its subsidiary 1PointFive, and the Abu Dhabi National Oil Co. (ADNOC) on Tuesday unveiled an agreement to commence a jointly-funded preliminary engineering study for a 1 million tonne/year direct air capture (DAC) facility in the UAE.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in September edged marginally above August prices, while newer vintage units widened their premium to older-dated credits, said a report published Tuesday.

A Canadian carbon credit firm on Tuesday declared an offtake agreement with a British Columbia-based non-profit construction association to abate emissions within the construction industry.