Carbon Pulse

Ontario is providing an additional C$60 million ($43.3 mln) for its provincial forest biomass programme, it announced Friday, while also revealing the recipients of the latest tranche of project funding.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme dropped in February ahead of retirement season for 2023 compliance, with the provincial government expecting maximum offset usage, according to a report published late Thursday.

Two business advocacy groups filed an amicus brief Thursday in support of oil giant ExxonMobil’s lawsuit against shareholders who called for the firm to set a Scope 3 emissions target, in a push for federal courts to set a precedent regarding shareholder advocacy.

The EU has broken the deadlock on its plans for a coordinated withdrawal from the Energy Charter Treaty (ECT), an international trade agreement denounced by climate activists for protecting fossil fuel investments and hampering the transition to net-zero emissions.

Members of a UN body tasked with shaping carbon crediting under Article 6 will begin work immediately on several tools, including on baselines, additionality, and leakage, and open a consultation on methodological elements, in a bid to constructively push ahead on operationalising the international mechanism.

A new portal enabling aviation industry firms and individuals to purchase voluntary credits to offset carbon emissions is now live, a spokesperson for The International Air Cargo Association (TIACA) confirmed to Carbon Pulse.

Swiss data company RepRisk is working on widening the coverage of a tool, which shows the proximity of companies to biodiversity-sensitive sites, to include firms in the power sector, an executive has said.

Extraction of natural resources, including crops, wood, and minerals, is set to increase by 60% by 2060, with devastating effects on biodiversity, unless bold actions are taken, a report has found.

Britain is aiming to introduce an allowance supply adjustment mechanism (SAM) to its carbon market from 2026, a senior UK government official told Carbon Pulse.

A Czech utility is considering shutting two lignite-fired power plants in the Czechia next year, citing the growing uncompetitiveness of the fuel, according to media reports on Friday.

A voluntary carbon developer, fresh from issuing Sub-Saharan Africa's first ever-green bond designated for the cookstove market, has seen its electric clean cooking project listed by Gold Standard, the company announced Friday.

Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month and were almost equal to issuances in February, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.

Crushed silicate rock can sequester as much as four tonnes of CO2 per hectare per year and improve crop yields, according to a four-year field trial on US agricultural lands.

Investors should think twice before backing the deep sea mining (DSM) industry due to high financial risks related to technological challenges and poor market opportunities, a newly released report has found.

European carbon prices bounced off a key support level on Friday morning with short-positioned traders seen covering positions ahead of the weekend, as the market appeared set to post the first weekly gain of 2024.

One of the world's largest steelmakers is developing a strategy to offset its residual emissions through the use of voluntary carbon credits.

Lawmakers in the European Parliament are voting on Monday a proposal to harmonise the way carbon emissions from transport are counted across the EU, with debates focusing on the choice of methodology and whether to include emissions from international freight.

The world’s energy-related CO2 emissions rose 1.1%, or 400 million tonnes, to hit new highs in 2023, but would have been even higher were it not for rapid uptake of cleaner energy, whose installation rose 75% over 2022 alone to 540 gigawatts, the International Energy Agency (IEA) said Friday.

Voluntary carbon market standard Verra has opened a public consultation on draft tools and modules intended for use under its methodology for carbon capture and storage (CCS), it announced Friday.

India's cabinet this week approved the establishment of the International Big Cat Alliance (IBCA), first announced in 2023.