Carbon Pulse

One of Australia’s most noted retired statesmen and politicians has co-signed a letter asking the environment minister to reject Woodside Energy’s plan to extend the life of a 40-plus year old LNG export plant to 2070, a move seen to result in several billion tonnes of CO2e emissions.

An assessment of marine protected areas (MPAs) in 34 countries has revealed that ocean conservation can generate significant economic benefits to the fishing and tourism industries, with some profits in the billions.

The Australian Carbon Credit Unit (ACCU) market faced a downturn Wednesday in the wake of a fresh study damning the integrity of human-induced regeneration (HIR) projects.

The Australian Labor government on Wednesday introduced legislation to set up the Net Zero Economic Authority (NZEA), which will oversee the country’s transition to net zero emissions, and has committed A$189 million ($123 mln) to its establishment.

A developer of biochar-based carbon removals in Bolivia has signed a deal with a German marketplace startup to supply 81,600 of tonnes to the platform, the companies announced on Wednesday, among the largest deals done so far in the sector.

A report released Wednesday has called on the Australian government to strengthen the Safeguard Mechanism by expanding its coverage to the electricity sector, as well as to bar Australian Carbon Credit Units (ACCUs) from being used for compliances purposes.

Relying on private financing such as environmental credits as the main means to scale funding of nature could be "a risky strategy", a top advisor to African biodiversity negotiators said Tuesday.

A Hong Kong-headquartered airline has set a new carbon intensity target for 2030, with plans to expand the use of sustainable aviation fuel (SAF) to support its climate goals.

A peer-reviewed paper has cast further doubt on human-induced regeneration (HIR) projects in Australia, finding that a large portion of pre-2022 projects are non-additional, while highlighting the politically-charged nature of the country’s carbon market.

Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.

Continued aggressive spending on new production capacity, alongside plummeting profitability, has made China's steel sector financially vulnerable and hampered the industry-wise shift to greener furnaces, a report has found.

A British Columbia regulator rejected a provincial utility's proposal to provide 100% renewable natural gas (RNG) to all new homes at subsidised rates, while an environmental non-profit took the company to court on Tuesday for alleged greenwashing.

A Canada-based offset project developer has hired a European carbon market expert to lead its trading desk.

More than half of sustainability experts polled by a green think tank believe the Green Deal agenda might be weakened after the 2024 European Parliament elections, preliminary results showed.

EU ministers welcomed potential new rules for the agriculture sector on Tuesday despite weak requirements for climate action, as farmers rioted outside in the streets of Brussels.

Governor Spencer Cox (R) last week signed legislation that would allow Utah to purchase the state's largest coal-fired power plant, originally scheduled for retirement in 2025, amid backlash from the operator citing a drop in electricity demand.

Cemex continues to cut its Scope 1 and 2 emissions, allowing it to stretch the length of time it can rely on its surplus of European carbon allowances, the cement-maker said on Tuesday.

An Atlanta-based direct air capture (DAC) company announced its official launch Tuesday, aiming to provide an economically advantageous way to remove CO2 at large scale.

Gold Standard has expressed disappointment with a UN decision to keep its voluntary carbon credits still pending approval for the current phase of CORSIA, and regrets that the assessment process did not allow for more open communication with other applying programmes.

California electricity sector emissions continued to fall to record lows in February, as natural gas retreated from its historically high share of the state's energy supply it has held in recent months, data published Friday showed.