Carbon Pulse

Tanzania has received applications for the launch of 35 carbon credit projects and expects to earn some $1 billion from the market, a senior government official has said.

Utilising biochar production could help China meet its climate targets, though the inclusion of such projects in national carbon markets is needed to unleash the potential of the industry, a study has found.

As the steel sector moves to decarbonise and shifts from coal-fired blast furnaces to cleaner technologies, higher grades of iron ore will be needed, a think tank said Monday.

An Australian carbon project tech company has sourced A$600,000 ($389,000) in pre-seed funding from venture capital firms to go towards its development and expansion plans in the voluntary carbon market.

RGGI allowances (RGAs) broke all-time highs for the third consecutive week on particularly low volumes, as markets continue to await direction in the form of development from the ongoing but overdue Third Program Review.

The US Department of Energy (DOE) announced Friday funding of up to $304 million towards large-scale carbon capture and storage (CCS) demonstration projects located at power and industrial sites across four states.

A Toronto-headquartered alternate asset management firm has raised $10 billion in the first closing of its second private equity fund investing in global net zero opportunities, and is on track to exceed its predecessor fund size, the company announced Monday.

Solar photovoltaic capacity across Europe will rise more than any other power generation source due to major additions planned for this year, analysts forecast, potentially displacing demand for carbon permits.

The European Commission will on Tuesday present what is likely to be the last substantial climate action proposals before the European elections, tackling tough questions about how to decarbonise the hardest-to-abate sectors and get on track for net zero emissions by 2050.

News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.

The 2024 budget for Guyana’s Ministry of National Resources will allocate more funding to mineral mapping than to land reclamation and reforestation, but this will ultimately help prevent deforestation, according to recent remarks by the agency's minister.

The shipping sector’s main international trade association has put forward a new proposal for a global shipping climate fund, which could be filled by imposing a levy of $12.50 per tonne of CO2 equivalent, based on the need to raise $10 billion to meet emissions goals.

Carbon surcharges attached to shipping fees levied on charterers and downstream customers from Jan. 1 reflect not only EUA prices or emissions data, but also methodological decisions, contract types, and risk management, according to various experts speaking to Carbon Pulse.

A court in Kenya has mandated a commission to investigate the acquisition of around 4,000 acres of land by a company "involved in carbon trade" and operating in parts of a Kasigau Corridor REDD project, according to legal documents.

The Moroccan government reaffirmed its commitment to implementing a carbon tax on Friday, years after initially proposing it in a tax reform law and partially in response to new EU carbon tariffs.

Germany will hold capacity auctions for gas-fired power plants that can be switched to hydrogen fuel in the 2030s, as part of a power plant strategy announced by the coalition government on Monday.

Credit certifier Verra has begun publishing average processing times for project review requests, disaggregated by type, in a bid to improve performance and provide transparency under its New Era for Verra initiative, per a company press release.

European carbon allowance prices were said to be "wandering" on Monday morning, with the daily spot auction clearing in line with benchmark futures prices, gas easing lower, and traders awaiting the outcome of a key EU policy meeting on Tuesday on the bloc's 2040 emissions reduction target.

Further developing the biodiversity credit markets and reforming subsidies harmful to nature are among the top priorities to bridge the biodiversity finance gap, researchers have said.

A study conducted by the National University of Singapore (NUS) has recommended a framework for the city state to include blue carbon in its greenhouse gas emissions reporting under the Paris Agreement.