Carbon Pulse

The geopolitical fallout of Russia’s war in Ukraine is forcing Moscow and Central Asian countries to look more seriously at renewable energy than ever before, a long-time advisor in the region said on Tuesday.

Governments and companies have been urged to conduct nature risk assessments when identifying sites for renewable energy plants, to minimise biodiversity impacts while enhancing investments, by the European Bank for Reconstruction and Development (EBRD).

Climate risk is affecting a growing number of actors across the economy as supply chains become more interconnected around the world, according to a climate insurance company offering specialised products for the carbon, energy, and agricultural industries.

The European Parliament has become the first international body to criminalise large-scale ecosystem destruction, introducing sentences of up to 10 years for CEOs, following a vote on Tuesday.

The clean energy industry may need to speed up, but the economy isn't yet ready to quit oil and gas, and won't be for decades to come, oil and gas executives said on Tuesday.

Heat pump sales across the EU fell by around 5% last year compared to the previous year, data from an industry group show, putting the EU’s climate and energy targets at risk.

The government of Brazil has launched a programme to encourage foreign investment in sustainable projects by offering protections against exchange rate volatility, according to a government statement released Monday.

A project developer has unveiled plans for a demonstration ocean-based hydrogen plant in Singapore that will show how durable carbon dioxide removal (CDR) costs can fall below $100 per tonne before 2030, the company announced Tuesday.

Microsoft has signed an offtake agreement for 10,000 tonnes of voluntary carbon removals with a Kenyan-based biochar supplier, one of the largest single purchases of the credit type in the region.

European carbon allowances gave up most of Monday's gains in early trade on Tuesday as the previous day's positive sentiment across most energy markets faded and sellers reappeared.

The break-even point between the cost of biofuels and EUAs for the shipping sector is likely to occur as soon as next year, as purchasing greener alternatives to petroleum products becomes cheaper than the cost of carbon permits, according to market analysts.

The introduction of green public procurement (GPP) has great potential to significantly drive down China's emissions associated with construction materials, particularly steel and cement, according to a report published Tuesday.

Vietnam has many legislative and legalistic levers to pull when it comes to attracting much needed investment into clean energy, with its 2028 carbon pricing mechanism among them if well designed, a report has found.

China should introduce new policies to reverse the dynamics in its oversupplied carbon market, as the carbon price is still far from the optimal level for meeting the country's climate targets, a report has argued.

Protecting 30% of areas held by big landowners in the Brazilian Cerrado could avoid 13% of the expected biodiversity loss by 2070, while failure to do so would see vast areas of nature lost, a study has found.

A Japanese consortium is planning a multistep programme to develop clean fuels via capturing CO2 from industries that cannot be easily transitioned to lower emissions via electrification or the use of hydrogen to create new ‘e-fuels’ produced in Australia that can be used in place of traditional fossil fuels.

Australia’s Woodside Energy has bought nearly all the Australian Carbon Credit Units (ACCUs) it needs to meet its compliance obligations to 2030 under the Safeguard Mechanism, according to its climate report released Tuesday.

Japan will next month certify 63 more Other Effective area-based Conservation Measures (OECMs) that businesses can choose to support financially in exchange for biodiversity support certificates, the environment ministry announced Tuesday.

Investor sentiment in New Zealand’s forestry sector is low, as the industry looks to the newly-elected coalition government to provide details on proposed policies and address overhanging issues left over from the previous Labour administration, market participants told Carbon Pulse.

Two oil and gas majors and a gas shipping company have joined an initiative aimed at improving technologies to measure and mitigate methane emissions from the maritime sector, in an effort to reduce pollution from the use of  LNG as a fuel.