Carbon Pulse

Scientists have found a way to convert CO2 into carbon nanofibers - materials with a wide range of unique properties and many potential long-term uses - in a process they said could be used for offsetting or carbon removals (CDR).

A major agricultural commodities trader will work closely with an environmental NGO to encourage the take-up of regenerative agriculture practices in key supply chains while also conserving vital habitats for the preservation of biodiversity and climate change mitigation.

Social and political disparities in biodiversity data may significantly impact global conservation efforts and investments in biodiversity-related initiatives worth billions of dollars, researchers said in a recent paper published in the journal Science.

The EU should capture as much 450 million tonnes of CO2 a year by 2050 to meet its net zero emissions target, according to a leaked draft of the European Commission's upcoming industrial carbon management strategy seen by Bloomberg, with the final text due to be officially presented in February.

Allowances in the Chinese carbon market dropped slightly over the past week amid sluggish demand, as the near-term outlook remains blurry due to the lack of policy updates.

An Indian state has announced measures for the restoration of coastal areas and conservation of marine biodiversity, while also creating a framework for the trading of carbon credits, a state government official told a local newspaper on Thursday.

The Australian Securities Exchange is set to see a new carbon player with backing from a New York fund join.

The government of Japan is planning to encourage participation in the country's newly established voluntary carbon market by setting up requirements for companies that intend to receive financial support for their decarbonisation measures, local media reported.

China on Friday announced it has appointed a new special climate change envoy, as veteran Xie Zhenhua steps down for health reasons.

Australia has released draft legislation on its first mandatory climate-related financial disclosures and will begin to require all Scope 3 emissions be accounted for by the second half of the decade.

China’s Guangdong has expanded the coverage of the regional emissions trading scheme to cover three additional emissions-intensive sectors for the current compliance period as the economic hub seeks to strengthen its carbon market.

A large group of Asian energy players have signed a Memorandum of Understanding (MoU) to progress carbon capture and storage (CCS) work to help Singapore’s net-zero target.

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

The proposed regulatory amendments to California’s Low Carbon Fuel Standard (LCFS) are inadequate to shrink the LCFS credit bank and lift prices, several experts told conference participants Thursday.

A Delaware Superior Court judge on Tuesday partially dismissed a state lawsuit against a multitude of Big Oil firms to hold them responsible for the effects of climate change, ruling that the global and out-of-state emissions were outside the boundaries of state law, while upholding the state's case regarding emissions stemming from within Delaware's border.

The enforcement of US environmental law could be endangered should two Supreme Court cases overturn a landmark ruling that defined the balance of power between the judiciary and executive branches in implementation of federal law, legal experts have noted in a series of webinars.

California Carbon Allowance (CCA) prices broke all-time records this week, with traders articulating an array of opinions behind the rally, while Washington Carbon Allowance (WCA) prices witnessed a fairly precipitous pullback, which multiple market participants said could be attributed to political uncertainty around the future of the programme.

*PREMIUM LISTING - With the rapid growth in carbon markets driving a new wave of project development, Verra is seeking a Senior Program Officer to join the Climate Policy and Strategy Team within the Legal, Policy and Markets Department.

US federal agencies alongside California’s ARB and Attorney General’s Office released on Wednesday details of a proposed settlement totalling $2 billion with a US-based engine maker for alleged violations of both the federal Clean Air Act (CAA) and California law.

An Irish road congestion toll in effect as of Jan. 1 provoked sharp rebuke from a Dublin-area official on Thursday as the EU country lags on sustainability commitments amid tightening purse strings and reluctance to tax heavy-emitting industries.