Carbon Pulse

The NITI Aayog, India’s planning commission, has launched an initiative to restore 26 million hectares of the country’s wastelands by 2030 and create an additional carbon sink of 2.5-3 billion tonnes of CO2e.

Sustainable aviation fuel (SAF) hopeful Jet Zero signed an agreement Tuesday with a fuel tech firm to progress a SAF project in Queensland, Australia and cut local jet emissions by 70%.

South Korea could cut emissions from shipping, which it depends on, by up to 20 million tonnes of CO2 per year at a single port via establishing wider scale green corridors, according to a report released Tuesday.

An Indonesian carbon project developer has signed an agreement with a Dubai-based firm to restore around 6,500 hectares of degraded mangrove forest in Aceh province.

The UN Environment Programme (UNEP) has announced seven new flagship restoration projects ahead of the 6th UN Environment Assembly (UNEA), which will be held from Feb. 26 to Mar. 1 in Nairobi, Kenya.

The NZU price has been trading sideways for the last six weeks, as emitters stocked up on units see no need to wade in, while the market awaits answers from the government on lingering policy issues, according to market participants. 

A Tokyo-based sustainable investment platform has teamed up with a technology and advisory firm to launch what they say will be Japan’s first investment fund for nature-based carbon credits, with a target size of 10 billion yen ($67 million).

An Australian environmental group has received federal government funding to train AI models how to accurately recognise and identify up to 120 native species.

Meeting the global goal to triple renewable energy by 2030 will cost $2 trillion per year on average, including $100 billion per year in Sub-Saharan Africa, according to research published on Tuesday.

EUAs are the worst-performing regional energy commodity of the year to date, as prices have buckled under a lack of demand and the weight of selling pressure by speculative investors and utilities alike.

The Alberta Technology and Emission Reduction (TIER) programme published on Monday over a dozen updated benchmarks, tightening allowable emissions levels and raising compliance obligations through to 2030 across multiple sectors.

RGGI allowance (RGA) values retreated amidst high transaction volumes heading into the first auction of the year, following three weeks of unprecedented record prices and lower activity.

The US Department of Energy (DOE) announced Monday funding of up to $100 million towards pilot-scale testing in the development of commercially viable CO2 removal technologies.

A supplier of equipment and measurement of GHG leaks announced Monday funding for a tree planting programme as part of its 2030 emissions reductions goals.

Germany should introduce a climate bonus payment to return state revenues from carbon pricing to citizens as compensation for rising costs, according to the head of the International Energy Agency (IEA).

A Vancouver-headquartered nature-based carbon offset project developer announced Monday an agreement with a global project developer for a joint mangrove restoration project in a Mexican state with the potential to generate over 10 million credits.

Standardised voluntary carbon market prices continued on a sideways trajectory last week as participants mulled the work being done by the Integrity Council for Voluntary Carbon Markets (ICVCM), while also awaiting clarity on which units will be eligible for the current CORSIA phase.

Injecting sulphur dioxide into the stratosphere could significantly curb sea level rise induced by global warming, according to researchers behind a new geoengineering study - who also question the reliability of carbon capture and storage (CCS).

EU carbon prices extended their losses for a fourth consecutive session on Monday, dropping to yet another 23-month low and breaching a key technical level as selling pressure sliced through buying interest before finding some support.

Optimism for the role of Small Modular Reactors (SMRs) in the EU’s future energy system abounds, but, with the nuclear technology still far from ready for the market, some warn that it may prove to be a "dangerous distraction".