Carbon Pulse

A climate fund has rebutted recent research on the cost of scaling direct air capture, arguing that the cost of the nascent carbon removal technology might actually be lower in the near term than people assume.

China has set a tighter target for energy intensity this year after falling short of its previous goal, as the country seeks to get its climate commitments back on track.

The Australian government will establish an A$2 billion ($1.3 bln) financing facility to drive clean energy and infrastructure investments in Southeast Asia, it announced Tuesday. 

Malaysia will from April make it possible for airlines to impose a carbon levy on passengers, with revenue raised set to offset aviation emissions through the purchase of carbon credits or sustainable aviation fuel (SAF).

An international carbon project developer has teamed up with a domestic partner to expand its project portfolio and support Paris-aligned policies in Malaysia.

Irish software developers have pledged to sequester 1 billion tonnes of CO2 by building housing for 300 million people by 2030 using hemp-based concrete.

Biofuel credit (RIN) values under the US Renewable Fuel Standard (RFS) slightly retraced to begin the month of March but remained in line with lowest values since 2020 as the market continues to monitor D4 credit generation from renewable diesel.

Italy has begun the "unprecedented" process of mapping its entire 7,500-km coast through remote and acoustic technologies in an attempt to better inform public conservation and restoration policies.

The Mexican government distributed a draft regulation for the national voluntary carbon market (VCM) at a stakeholder workshop last week that would create a centralised record of VCM data, a national price index, and authorisation procedures for international carbon trading under Article 6.2 of the Paris Agreement, according to a leaked draft seen by Carbon Pulse.

Washington Carbon Allowance (WCA) prices sold off on Monday afternoon after the state's Department of Ecology (ECY) issued a statement attempting to clarify its position on a legislative initiative that could repeal the nascent cap-and-trade scheme.

London’s financial hub is urging businesses and people to buy carbon from the regulated UK ETS and cancel them permanently, rather than offset emissions through voluntary markets, as part of a new collaboration launched Monday.

Members of the European Parliament gave the thumbs up Monday evening to draft plans for harmonising the way transport emissions are counted in the EU, with a final agreement with member states not expected until after the June European elections.

The EU's 27 energy ministers committed on Monday to continue efforts to reduce demand for gas until the end of next winter by at least 15%, during a meeting in Brussels.

Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.

A Canadian-headquartered voluntary offset project developer has partnered with an MRV technology firm run by one of its co-founders to pursue vertical integration amid a company rebrand and proposed dual share listing.

Carbon finance can be key in supporting farmers transition to regenerative agriculture, according to an investor working at the intersection of climate change and social impact.

A large private investment house is seeking to scale up investments in nature restoration projects as part of a broader strategy to become a major player in the burgeoning biodiversity market, a company executive said.

Commodities trading house Trafigura on Monday announced it would purchase a major European road fuels and biofuel supplier.

A group of economists has put forward ideas to revise the EU’s Carbon Border Adjustment Mechanism (CBAM), arguing the law could be simplified by focusing only on preventing ‘carbon leakage’ across the entire economy rather than addressing specific sectors for which carbon emissions data may be hard to come by.

Asset manager KraneShares will liquidate and terminate its flagship voluntary carbon market exchange-traded fund (ETF), according to a notice posted on Monday.