Carbon Pulse

A new Australian research group will soon bid for government funding to establish itself as cooperative research centre (CRC) with the aim to support A$2 billion in annual investments in carbon, biodiversity, and natural capital markets.

The US Department of Energy (DOE) has awarded $3 million to a consortium of 13 public and private entities for conducting the first phase of a large-scale direct air capture (DAC) hub.

Australia’s carbon market saw a large uptick of Australian Carbon Credit Units (ACCUs) issued Monday as the crediting backlog of human-induced regeneration (HIR) projects continues to wash out.

Vietnam’s two largest undeveloped gas fields, Blue Whale and Block B, could add vast emissions to the atmosphere and are incompatible with climate goals, according to a report issued on Friday.

The New Zealand government has awarded NZ$33.3 million in funding to projects across the nation in its latest Government Investment in Decarbonising Industry (GIDI) round.

The UK government has launched a website with a free carbon calculator and a suite of new tools to help businesses in the country track and report on their emissions and cut energy bills amid reports of low take up and shoddy attention to decarbonisation targets.

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

Brazil President Luiz Inacio Lula da Silva on Friday earmarked an infrastructure investment of R$1.7 trillion ($346 bln), with an emphasis on decarbonising Brazil through a regulated carbon market and issuance of sustainable sovereign bonds.

Emitters added to their North American carbon net holdings as California Carbon Allowance (CCAs) prices traded through a volatile stretch into next week’s WCI quarterly auction, while speculators closed out of net positions in both the California and RGGI Allowance (RGA) programmes, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

Oil major Shell and the Korea National Oil Corporation are among a batch of companies that on Friday joined an ongoing carbon capture and storage partnership between South Korea and Malaysia.

US President Joe Biden's administration revealed on Friday that it will provide $1.2 bln in funding to advance the development of the nation's first commercial-scale direct air capture (DAC) facilities.

European carbon permit prices rose to their highest in eight days on Friday, bringing the benchmark contract level with prices at the end of July amid a resumption of buying activity based on technical and fundamental indicators.

A global nature-related data facility accessible for the public should be created to support governments, businesses, and civil society stakeholders in drawing up policies, setting targets, and making investments to combat the global nature crisis, according to a study released Friday by the Taskforce on Nature-related Financial Disclosures (TNFD).

CO2 allowance prices in China’s carbon market reached almost 70 yuan ($9.68) in the past week, the highest level seen since the market started in 2021, with a significant increase in trading activity after regulated entities completed their annual emissions verification work, while the offset market also saw improved liquidity despite the limited supply.

Participants in China's carbon offset market see a potential comeback for the long-suspended national programme later this year, with a recent policy document shedding some light on how one of the world's largest voluntary schemes will proceed in the Paris era.

New Zealand sustainable business and climate groups have backed the intent of the government’s review of the ETS, but in consultation submissions called for “urgent” clarification on some of the key policy options proposed and Wellington’s desired outcomes for the review.

Carbon Growth Group offers the opportunity for a Carbon Market Advisor to help realise and sustain the group’s ambitious growth plans.

Two major players in the global pulp and paper industry have partnered to launch a pilot programme to protect biodiversity in the Amazon region.

Chevron has announced investments in two carbon sequestration research projects in Western Australia, it announced Friday.

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