Carbon Pulse

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.

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.