Carbon Pulse

Cross-border loans from public banks could become a key driver of investment in gas-fired power plants in the Global South, researchers said in a report published on Wednesday that flagged signs of interest in fossil fuel financing caused by Russia's war of aggression against Ukraine. 

Direct ocean carbon capture using membrane contactors that bring a solvent into contact with seawater to siphon off the CO2 offers a promising way to capture carbon from the ocean, which is at levels around 50 times greater than the amount in the atmosphere and providing a focus for several developers of innovate climate mitigation projects.

The market for UK peatland restoration projects is growing fast but needs clear parameters in the way of more regular verifications, contractual obligations, and better reporting guidelines for businesses in order to improve market liquidity and carbon credit sales.

The canopies of the world’s tropical forests may be approaching vital high-temperature thresholds faster than previously thought, according to recent study.

European carbon prices extended their recent losses to a two-month low in active trading on Wednesday morning before rallying after weekly data from ICE showed investment funds had boosted their net long position last week, while UK Allowance prices continued their five-month decline to reach a new record low.

The US federal government has released draft guidelines to support public agencies in including ecosystem services when doing cost-benefit analyses.

Turkey has withdrawn from hosting the 2024 UN biodiversity summit, citing a force majeure following the three devastating earthquakes earlier in the year, officials confirmed this week.

A Tokyo-listed industrial gas and hydrogen supplier has teamed up with a government-backed forestry company in Western Australia for a forestry project in the hope of acquiring carbon credits abroad.

An Australian Carbon Credit Unit (ACCU) deal for credits sourced from an environmental plantings project has traded for nearly double the generic market price level, sending a clear market valuation for the credit type, a trader said Wednesday.

Canada’s The Mining Company (TMC) said Tuesday it will apply to the International Seabed Authority (ISA) for a deep sea mining licence after the ISA Council meeting in July next year, and expects to begin operations in an area more than twice as big as initially planned in Q4 2025.

A group of civil societies will take the century-long forest carbon deal between the Sabah state government and a Singaporean shell company to civil court, Malaysian media reported Wednesday.

A major telecommunication company in Japan has become the latest in the country to initiate an offset generation initiative that can reduce emissions from paddy rice cultivation, based on a newly announced methodology under the domestic scheme.

NZU prices have steadily declined the week following the government’s announced overhaul of the ETS price controls and settings, as foresters and farmers lament the government’s management of the scheme.

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

A UK-based carbon-negative construction materials firm has raised £2 million in additional funding.

A carbon project developer tech service company has raised $10 mln in a Series A funding round, which will go towards expanding its global partnerships and project pipeline, it announced Tuesday.

A US-based agricultural carbon offset firm has expanded its offerings to include legumes in its cover crop mix.

The top two California Low Carbon Fuel Standard credit holders increased their share of the programme’s surplus credit bank over the six months ended in March, with the number two player’s holdings expanding the most, according to government data filed Monday.

Japan-based airline ANA on Tuesday announced it will purchase tens of thousands of tonnes of carbon removals from a direct air capture project in the Lone Star State.

Spot carbon credit prices under the Alberta Technology Innovation and Emissions Reduction programme ticked up slightly in July, but stayed well within a months-long range amid summer trading doldrums, according to a report published Tuesday.