Carbon Pulse

Over two dozen insurers and reinsurers have stated that they have no plans to offer insurance to a controversial proposed oil pipeline in East Africa, according to a coalition of environmentalist groups opposing the project.

US Senate Commitee on Environment and Public Works approved the PROVE IT Act on Wednesday, which seeks to gather and compare emissions data from the production of a variety of products in the US and a number of other countries.

The vast majority of the European Parliament's members called on the European Commission to unlock geothermal energy across the bloc, in a vote in Strasbourg on Thursday.

EU parliamentarians have “blindly followed the Science Based Target initiative (SBTI)” after voting to endorse an EU deal to ban misleading carbon neutral claims if they rely on carbon credits, a lawyer warned Thursday.

A carbon credit insurance startup has teamed up with a digital carbon sales platform to offer pre-insured carbon credits, aiming to promote transparency regarding potential risks to buyers in the  voluntary carbon market (VCM).

Carbon border adjustment mechanisms (CBAMs) are second best compared with a global carbon price, Norway’s foreign minister Espen Barth Eide told delegates at Davos on Thursday.

Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.

A clean tech company and a supplier of high-grade refractory products are advancing plans to build a capture carbon and utilisation facility in Austria to make industrial products.

A US environmental non-profit outlined policy solutions in a report released Thursday to address the expansion of storage facilities and truck hauls in light of rising demand for shorter delivery durations, which has placed unequal health disparities on low-income households and communities of colour in New York.

The European Commission will propose a goal for the EU to cut greenhouse gas emissions by 90% by 2040, Bloomberg reported citing anonymous sources, in line with scientific recommendations and a previous hint by the EU climate chief.

Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.

The NBA’s Los Angeles Clippers have ended their partnership with carbon offset startup Aspiration, which was previously a sponsor of the professional basketball team and is now under investigation by US regulators for potentially misleading customers, Bloomberg reported Thursday.

A venture using synthesized whale poo to stimulate phytoplankton growth in the ocean leading to increased carbon sequestration, says that the process has gigatonne-scale potential for carbon removal and could generate ‘deep blue carbon removal’ credits in future.

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).

Four organisations in Norway have teamed up to form Norwegian Marine Restoration (NoMaRe), a collaborative platform seeking to restore the more than 5,000 square kilometres of kelp forests that have been lost along the coast over the past decades.

A Norwegian-Indian company has signed a Memorandum of Understanding (MoU) with a state government forest department in India to develop a 100,000-hectare environmental conservation project, aiming to contribute to the voluntary carbon market.

Russia’s nascent voluntary carbon market has claimed another milestone after a copper producer announced it would retire carbon credits to offset its emissions.

EU carbon prices moved in a relatively narrow range for much of the morning, trading higher despite briefly plunging to another 17-month low amid a short burst of aggressive selling, as traders eyed a rally in natural gas prices after three days of declines.

The European Union needs to remove barriers to investments in clean technologies to ensure that the Green Deal paves the way to new, sustainable economic growth, speakers said in Davos on Thursday.

The UN has called on countries to swiftly ratify the Biodiversity Beyond National Jurisdictions (BBNJ) agreement, with 59 more to go after Chile this week became the first country to do so.