Carbon Pulse

Africa's first direct air capture (DAC) and storage facility will begin operations in 2024 at an annual scale of 1,000 tonnes, with the developers partnering with a voluntary carbon removals certifier and platform to generate commercial credits in the same year, the companies involved announced Wednesday.

Trade in EUA futures on Germany's EEX platform plunged by 59% in the first half of the year even as the volume of business in power surged by 12% and gas grew by 20% overall, the bourse reported on Wednesday.

An Australian biochar industry could be worth A$1-5 billion by 2030, however a dedicated method to earn Australian Carbon Credit Units (ACCUs) from the practice is at least two years away, a conference heard Wednesday.

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

A global group of securities regulators has published a final report summarising responses to a recent consultation, supporting the establishment and enhancement of compliance carbon markets across its member jurisdictions.

Global non-profit The Nature Conservancy (TNC) has opened offices in Singapore with plans to hire at least 20 staff members in order to roll out nature-based projects and activities across the Asia-Pacific region to address climate change and biodiversity loss.

A US-based start-up working with Indigenous small farmers in the Amazon on conservation initiatives has begun pre-sales of its fair trade biodiversity credits, while expecting its indicator species biodiversity methodology to earn its first market standard certification by October.

The alternative investment arm of a French insurance firm is committing $49 million to Amazon rainforest reforestation projects that aim to restore Brazilian lands degraded from agriculture.

The EU will need a proper strategy to reach increasingly ambitious climate targets in the decade after this, according to members of the European Parliament's environment committee (ENVI) in a preliminary exchange about setting the bloc's 2040 emissions goal on the road to reaching net zero by mid-century.  

Green groups have criticised Serbia’s draft national energy and climate plan (NECP) for not planning for carbon neutrality for 2050 and putting forward a less ambitious renewable energy goal than in previous publicly announced commitments.

A startup investment company is planning a rapid expansion into the soil carbon market after striking a partnership with an advisory firm with the aim of generating 250,000 carbon credits by the end of the year from 100,000 hectares of agricultural land.

Gold Standard is recruiting for a Project Officer to support the implementation of capacity-building initiatives and projects, beginning with our support for the Pacific Alliance. 

Gold Standard is recruiting for a Senior Manager, Capacity Development to lead and oversee programmes and initiatives implemented by Gold Standard to develop capacity amongst governments, private actors and other entities to operate in and benefit from carbon markets and other sources of sustainable finance, as well as to promote the accessibility and integrity of these mechanisms.

An emissions-free methane pyrolysis technology firm has secured a €25 million investment from a group of investors to help it launch commercial-scale, carbon-negative hydrogen production.

European carbon was marginally weaker at midday on Tuesday after an early rise in prices unwound in a thin market and a prominent hedge fund manager revealed he was positioning for a sharp decline in prices.

A Zimbabwe-hosted carbon exchange has reversed course on accepting a Belarusian contribution of banned Russian credits to kick off trade, announcing that only African units will be allowed on the platform.

The US and China should use climate cooperation to redefine their troubled diplomatic relationship, US climate envoy John Kerry on Tuesday told top Chinese officials as part of his three-day visit to Beijing, as the world’s two largest greenhouse gas emitters are resuming stalled talks on more rapid action to tackle climate change.

A US non-profit has launched a $50 million fund that will focus on protecting endangered national parks in developing countries in a bid to help meet UN goals on biodiversity and climate.

Prime Minister Pham Minh Chinh has tasked two ministries with drawing up appropriate frameworks for carbon credit management, including a directive specifically addressing rules for trading forestry credits.

A carbon credit ratings agency has raised $57 million in Series B funding to expand its team and support growth in the US, the firm announced Tuesday.