Carbon Pulse
![Subscribe to Carbon Pulse feed](https://www.seng.org.au/misc/feed.png)
![Carbon Pulse](https://carbon-pulse.com/wp-content/uploads/2024/01/cropped-apple-touch-icon-32x32.png)
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 23 min ago
Canada releases draft Clean Electricity Regulations with flexibilities for CCS, gas power
Canada’s environment ministry on Thursday announced its initial Clean Electricity Regulations (CER) to mobilise the country’s electricity grid to achieve net zero by 2035, including a series of measures that provide exemptions for units with carbon capture and storage (CCS) and can allow for continued, but limited, use of fossil fuels.
Categories: Around The Web
UK vows tougher sustainability tests for wood-burning power plants
The UK government signalled Thursday it will continue to support biomass energy production albeit under stricter sustainability tests, but did not spell out how it would subsidise utility Drax’s BECCS plans.
Categories: Around The Web
US alternative investment firm proposes standardised carbon credit rating system
A standardised way of grading carbon credits can establish transparency and consistency in the market while improving upon the current methods of existing ratings agencies, a US-based alternative asset manager said in a white paper published Thursday.
Categories: Around The Web
Orsted aims for pioneering CCS project to launch operations in 2025
Wood-burning cogeneration or combined heat and power (CHP) plants established by Danish energy firm Orsted will begin to have their emissions captured and stored during 2025, as part of Denmark’s first full-scale CCS agreement, the company outlined during its financial results on Thursday.
Categories: Around The Web
Kenya faces $1 billion shortfall for forestry plans over next five years, says Environment ministry
Kenya will face a shortfall of more than a $1 billion to meet its climate change and forestry strategic plan over the next five years, the Ministry of Environment has revealed.
Categories: Around The Web
German steelmaker reports robust quarter but 13% drop in sales year-on-year
German steelmaker Thyssenkrupp reported a 13% year-on-year drop in quarterly global sales amid lower prices, though it said it was targeting the upper range of its full-year forecast after a “robust” quarter in its financial results on Thursday.
Categories: Around The Web
Forester, Domestic Land Use, Ostrom Climate – Remote (Western Canada or Ontario)
The ideal Forester candidate is an accredited RPF in Canada with an enthusiasm for the analytical aspects of forestry management (e.g. forest inventories, forest estate modelling, GIS analysis) and is a excellent communicator. The Forester will support Ostrom’s exciting portfolio of forest carbon offsets projects across North America.
Categories: Around The Web
Southern European heatwave not enough to lift Europe-wide power demand, say analysts
European power consumption slumped 6% compared to historical averages in July despite an uptick in demand from air conditioning across the Southern countries that were struck by extreme heat, according to analysts.
Categories: Around The Web
Airline touts success at curbing non-CO2 climate impact by using AI mapping
A leading airline has been testing AI technology to reduce airplane contrails when flying at altitude, with positive results, suggesting that the technology can be a cost-effective way to help to reduce the climate impact of aviation and potentially also generate contrail reduction-based carbon credits.
Categories: Around The Web
EU greenlights state aid for Germany’s energy-intensive fuel companies at risk of carbon leakage
Germany's energy-intensive companies that are part of the domestic fuel emissions trading system will be partially compensated for any risk of carbon leakage caused by higher fuel prices, as the European Commission approved the €6.5 billion scheme on Thursday.
Categories: Around The Web
Biodiversity Pulse Weekly: Thursday August 10, 2023
A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
Categories: Around The Web
Nature markets need fundamental policy, finance realignment to work, taskforce says
The international economic and financial architecture and policy priorities must be aligned with the goal of advancing an equitable, global nature economy for nature markets to have an impact on any significant scale, the Taskforce on Nature Markets (TNM) said in its final report, released Thursday.
Categories: Around The Web
India on track to meet Paris Agreement goal ahead of time
India is on track to meet its Paris Agreement carbon intensity target ahead of time as reductions are coming faster than previously anticipated, according to media reports.
Categories: Around The Web
CEZ posts 22% drop in ETS-covered fossil generation for H1 as RWE confirms output decline
Czech utility CEZ reported a drop of more than one-fifth year-on-year in its EU coal and gas power output over the first sixth months of the year, in quarterly results published Thursday, joining multiple other Europe-headquartered energy companies in posting much lower generation levels in 2023.
Categories: Around The Web
Euro Markets: Midday Update
European carbon prices clawed back most of the previous afternoon losses in a quiet Thursday morning session, with the rally triggered by the first auction premium in eight days as traders continued to express bafflement at Wednesday's price action.
Categories: Around The Web
UK to host international energy security conference in spring 2024
The UK energy secretary Grant Shapps announced plans to host an international summit on energy security in spring 2024, stressing the need to diversify from fossil fuels and hit climate goals.
Categories: Around The Web
South Korea appoints major project developer to conduct three Article 6 projects abroad
A major carbon project developer in South Korea has been selected by the government to start off three Article 6 projects abroad, as the East Asian country is seeking to acquire international carbon credits and leverage the Article 6 mechanism of the Paris Agreement to realise its climate goals.
Categories: Around The Web
New carbon venture hires former Greening Australia director
A former director of carbon and biodiversity non-profit Greening Australia has been appointed chief operations officer of a new Australian venture which is seeking to rapidly increase the supply of premium, nature-based carbon credits.
Categories: Around The Web
New Zealand foresters call on government to scrap ETS review
A New Zealand forestry group is urging the government to immediately halt its review on the ETS in order to restore stability to the carbon market and provide certainty for forest planning.
Categories: Around The Web
CCS projects should be paid to capture CO2 to help scale sector, gas industry whitepaper claims
Carbon capture and storage could be easily scalable if offered similar cost incentives that have been provided to wind, solar, and EV industries, a gas industry whitepaper has claimed.
Categories: Around The Web