Carbon Pulse

The European Commission, European Parliament, and Council of EU states reached a provisional political agreement on Tuesday to produce 40% of the bloc's annual needs for net zero technologies domestically by 2030, defining a list of strategic and clean manufactures on which to focus.

Reducing the EU's emissions by 90% by 2040 will call for around 280 million tonnes of CO2 to be captured, the European Commission said on Tuesday in its first, long-awaited strategy for capturing, transporting, trading, permanently storing, and using carbon. 

A Los Angeles-based company developing hybrid direct air capture (HDAC) technology capable of capturing both carbon and water simultaneously has closed a Series A funding round, enabling it to grow its team and asset base.

The European Commission on Tuesday recommended that the EU aim to cut emissions by 90% by 2040, but backed away from contentious measures to decarbonise agriculture, as farmers protested on the doorstep of the European Parliament building where the announcement was made.

The recently passed Omnibus Law, introduced by Argentina’s new president, would compromise glaciers and periglacial zones with strong repercussions for biodiversity, a scientist specialising in the subject told local media.

Just under 400 companies have been acknowledged as leaders in environmental disclosure, as part of an annual report from a non-profit, though very few made the top grade.

The EU Commission is withdrawing a divisive bill that aimed to reduce the use of pesticides after months of delay, triggering calls for a new approach to tackling agricultural chemicals.

Swedish state-owned utility Vattenfall reported a significant drop in generation from ETS-covered fossil power in 2023 in annual results on Tuesday, as well as a fall in profit due to sliding electricity prices during what it described as a "turbulent" year.

BP has ploughed more profits into buying back shares while spending less on clean energy in 2023, the company revealed Tuesday in annual results.

Biodiversity offsetting is failing to protect nature while enabling companies to carry out environmental destruction and human rights violations, a report has warned.

A carbon management platform has partnered with a biochar developer for the purchase of 4,500 tonnes of removals from a project in India.

North America’s largest carbon project developer will launch a digital marketplace where it will exclusively sell its own carbon credits, the company announced on Tuesday.

The Welsh government is consulting on whether to introduce a duty for ministers to protect biodiversity, through embracing targets such as becoming nature positive.

European carbon allowance prices were firmer at midday after the market reacted sharply to the day's auction, rising to test recent psychological and technical levels as traders anticipated the first gap of the year in the programme of daily EUA sales and weekly Commitment of Traders data.

Carbon Pulse has hired two biodiversity market and policy correspondents to strengthen its coverage ahead of what will be a busy and critical year for this beat, while also adding to the team of reporters covering carbon markets and climate policy in the EMEA region.

The Global Environment Facility (GEF) Council has approved a $916-million spending package on efforts to tackle biodiversity loss, nature degradation, climate change, and pollution, as its meeting in Washington is now set to open discussions on the governance of the Global Biodiversity Framework Fund.

A producer of components for highly efficient electrolysers says that those able to use renewable energy more effectively will be greatly valued as access to clean energy becomes increasingly constrained.

A European accelerator for innovative carbon dioxide removal (CDR) technologies has moved eight startups to its next phase, it said Tuesday.

China is planning to conduct research on offset methodologies for projects implemented in the railway sector, as the government aims to reduce transport emissions through market-based mechanisms. 

The price for Australian Carbon Credit Units (ACCUs) has crept higher after a flurry of spot trades, however the market is expected be awash with credits until the late 2020s according to a bank’s analysis.