Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 57 min ago
Clean investments must double for EU to meet its 2030 climate targets -research
Investment in the clean transition must reach €813 billion a year this decade - double the amount spent in 2022 - if the EU is to meet its 2030 climate target and ensure the European Green Deal is a success, according to the first comprehensive analysis on the bloc’s climate investments.
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Japanese trading house to subsidise low-friction paint for maritime decarbonisation
A major trading house in Japan has launched a performance-based payment scheme that encourages the use of anti-fouling paint for ship bottoms with the view of driving down emissions in the shipping sector, it announced Wednesday.
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Australian gas major sees CCS covering most future emissions
Australia’s second largest oil and gas company said Wednesday it sees CCS as the main way forward to control its carbon emissions, while committing to closer monitoring of its Scope 3 emissions.
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Norway’s appetite for Arctic fossil fuels a climate risk for the EU, says report
The EU should resist Norway’s push for more Arctic oil and gas and focus on clean energy, according to a report published Wednesday.
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Massive LNG project will not be getting special treatment under Safeguard Mechanism, govt says
The Australian government has yet to decide whether Santos' Darwin LNG facility, which will eventually take gas from the controversial Barossa field, will be treated as a "new" or "backfill" facility under the Safeguard Mechanism, officials told Senate estimates this week.
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Colombia picks Cali to host COP16
The Convention on Biological Diversity’s COP16 in October and November this year will take place in Cali, capital of Colombia’s Pacific region, President Gustavo Petro has announced.
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Australian soil carbon developer, agritech firm launch livestock monitoring scheme
An Australian soil carbon project developer and an agritech firm have launched a digital livestock tracking initiative to help optimise herd management, pasture and soil performance, they announced Wednesday.
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California gasoline sales continue to fall in November, as diesel again exceeds 2022 levels
California gasoline sales and emissions trailed 2022 levels for the third month in a row in November, while diesel sales and emissions exceeded those from the previous year for a second straight month, according to the state data published Tuesday.
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Investment houses club together to widen access to growth capital for climate in the UK
A climate tech venture investor is joining forces with a specialist investment manager to increase the pool of growth capital available to environmental-focused companies in the UK.
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Voluntary carbon removals startup consults to align certification standard with ICROA
A US-based voluntary carbon removals startup has opened a public consultation as it seeks to align its certification standard with the latest code of best practice from the International Carbon Reduction and Offset Alliance (ICROA).
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RGGI Market: Prices edge down as participants await significant market catalyst
RGGI allowance (RGA) values continued to recede as trading volumes rose from the previous week, although activity was subdued heading into the US long weekend.
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Tokyo tops global list of cities requiring vast afforestation to combat high emissions
Tokyo would need to plant over two billion trees to offset the more than 320 million tonnes of CO2 it emits every year, making it the city the most in need of afforestation to counteract its carbon emissions, new research finds.
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UK govt updates free allocation list for 2024, cutting carbon permit handouts by 1.4%
The UK government has published an updated list of free allocations to industrial installations for the period from 2021 to 2025, incorporating changes to carbon allowance handouts after assessing individual plants’ operations in previous years.
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Large volume of voluntary cookstove credits trade above $7.50 as sector shakes off criticism
A large volume of African cookstove carbon credits have traded above $7.50, a source told Carbon Pulse on Tuesday, underlining the sector’s resilience in the wake of a recent academic paper that claimed over-crediting was rife.
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Canadian asset manager launches biodiversity fund
A Montreal-based investment management firm has launched one of the first biodiversity-focused funds in Canada, seeking to channel resources towards the preservation of nature.
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Voluntary carbon market firms announce senior leadership changes
Three voluntary carbon market firms have appointed new members to their senior leadership teams, they said this week.
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West African states aim for leading biodiversity plan with whole-region approach
The Economic Community of West African States (ECOWAS) has stepped towards drafting a regional plan to implement the Kunming-Montreal Global Biodiversity Framework (GBF), as the organisation seeks to lead the way on nature conservation.
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EU industries call for political support in the low-carbon transition
More than 70 European industrial leaders put out a mayday call for help on Tuesday, including through public funding and simplified state aid, to keep low-carbon production within the EU.
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INTERVIEW: CO2-to-acid startup partners with chemicals distributor for global reach
A climate tech startup is partnering with a chemical producer for the distribution and sale of its first product – a carbon-negative version of acetic acid made using CO2 captured from large emitters.
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Oil major Shell spends more than $16 mln on voluntary carbon credit retirements in January
Shell retired voluntary carbon credits worth around $16.3 million in January as it continued to hog the top spot in retirement activity for the second month in a row, but the energy giant was middle of the pack in terms of value per credit, data showed.
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