Carbon Pulse

A daily summary of our news plus bite-sized updates from around the world.

A Tulsa-based technology startup announced Tuesday an agreement to join efforts with a Texas-based carbon, capture, and storage (CCS) firm to develop a direct air capture (DAC) plant on the outskirts of a CO2 storage hub in Oklahoma.

The Environment and Climate Change Canada's (ECCC) Low Carbon Fuels Division has announced the Emission Reduction Funding Program (ERFP) and Credit Clearance Mechanism (CCM) prices for the 2023 compliance period.

The EU needs to mainstream climate action across its policy landscape post-2030 in order to reach net zero emissions by 2050, with strengthened efforts to electrify industry, support low-income and rural households, and raise public funding, according to a report released on Wednesday.

An industrial multinational announced Tuesday a partnership with a European firm specialising in carbon capture technology to tap opportunities in the North American market.

Researchers from a US academic institution have detailed recommendations for developers and buyers of such projects to help ensure quality in the voluntary carbon market (VCM) following their publication Tuesday morning a paper finding over-crediting in cookstove offset projects to be prevalent at a much higher level than previously thought.

The partners behind a US forest carbon crediting programme highlighted their project's use of dynamic baselines in an academic article and interview with Carbon Pulse on Tuesday, hoping to boost environmental integrity in the voluntary carbon market (VCM), with first issuance expected soon.

The removal of the federal goods and services tax (GST) typically applied to Canadian carbon pricing would reduce federal revenues by C$1.0 billion ($741 million) in 2030-31, Canada’s government budget watchdog reported on Tuesday.

The European Investment Bank (EIB) generated more finance towards green projects last year than ever before, thanks to new contracts for climate action and environmental sustainability, according to data published Tuesday.

EU agriculture ministers called on Tuesday for greater measures to protect the agricultural sector, which is battling a number of challenges, but omitted any specific mention of how to tackle the related emissions.

Nature restoration credits are bouncing higher to buck the trend of the general slide in voluntary carbon market prices, a webinar heard Tuesday.

An international development company with a carbon and nature focus has launched its first crowdfunding equity raise campaign in support of a nature-based solutions (NBS) project in Malawi, aiming to generate nature-based carbon credits as well as units linked to women’s empowerment.

A twice-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).

Scientists have mapped the diverse land uses following deforestation across Africa, revealing significant regional variations in the causes of forest loss.

Robust criteria must be applied to identify areas of importance for biodiversity under the Kunming-Montreal Global Biodiversity Framework (GBF), as the lack of a clear definition could undermine nature recovery efforts, a study has warned.

A venture cultivating sea kelp in the waters off Namibia is making headway on proving the carbon sequestration benefits, while harvesting the kelp to produce biostimulant for farmer’s fields.

Most leading banks in the Asian continent still include coal in their investment portfolios and continue to make investments in "climate destruction", according to a report released Tuesday.

The Science-based Targets Network (SBTN) released a report on Monday highlighting the benefits and challenges experienced by the first cohort of companies when piloting targets for nature.

North Macedonia and Serbia face challenges as they work on aligning their climate and energy goals with those of the EU, with the aim of eventually joining the bloc as members, according to a report published on Tuesday.