Carbon Pulse

A large commodity trading firm said on Tuesday that it has agreed to buy carbon dioxide removal credits from 1PointFive, a carbon capture, utilisation, and sequestration company with an industrial-scale direct air capture (DAC) facility under construction in Texas.

The UK government’s advice on the biodiversity net gain (BNG) has incorrectly suggested the order of preference for how developers handle nature impacts is mandatory, a lawyer has said.

COP28 created a “paradigm shift” for the global economy, setting in motion a low-carbon transition that will continue regardless of who wins the US elections this year, outgoing US climate envoy John Kerry said in Davos on Tuesday.

Voluntary carbon stakeholders have expressed an optimistic outlook for the market over the next 12 months, with robust year-end credit retirements, a swathe of imminent developments aiming to boost integrity, and expected price support from the UN's CORSIA aviation offsetting scheme, all cited as reasons for why the VCM will be able to move forward after a bumpy 2023.

RGGI allowance (RGA) values dipped from all-time highs recorded during the week prior, as activity quieted ahead of the US long weekend.

Converting organic matter, such as crop residues and livestock manure, into biomethane and biogenic CO2 using anaerobic digestion, could facilitate the capture of 3% of global greenhouse gas emissions, according to an academic study.

A sharp drop in carbon credit prices last year has left the top ranked projects by ratings agencies commanding a 200% premium on average over the lowest rated units, analysis has found.

India's largest carbon offset developer, EKI Energy, has launched its first cookstove pilot project in partnership with a major government-owned oil firm, the developer said Tuesday.

Other effective area-based conservation measures (OECMs) could contribute up to 1 million hectares of land towards Germany's Global Biodiversity Framework (GBF) target to protect 30% of its land and sea by 2030 (30x30), researchers have found.

Europeans lawmakers formally approved on Tuesday new rules to minimise emissions from powerful greenhouse gases, in particular to phase out fluorinated greenhouse gases (F-gases) by 2050, and debated a bill to empower consumers for the green transition.

Carbon prices in the EU ETS gave up Monday's gains amid steady selling on Tuesday morning as buyers appeared to retreat, while energy prices were mixed as the market eyed rising tensions in the Red Sea that may impact LNG shipping.

A cohort of 320 organisations with $4 trillion in market capitalisation have committed to begin adopting recommendations on nature-related financial disclosures within the next two years, in a sign of growing efforts to understand the financial risks posed by biodiversity loss.

Investors in Shell have joined forces with an environmental activist group to call for more aggressive targets from the oil major in reducing carbon emissions to be set at its annual meeting, including accounting for Scope 3 output.

An initiative announced by two carbon fintecth firms at the World Economic Forum (WEF) summit in Davos aims to attract $100 billion in capital market investments into 'high-integrity' carbon credits to help address the multi-trillion dollar annual climate financing gap.

The world needs better economic incentives and clear policy direction to ramp up biodiversity finance and deploy nature measurement technology at a scale not seen before, a major investment bank has said.

A coalition led by the digital arm of a major real estate developer in China has released the country's first emission reduction standard for public buildings.

An Indian carbon offset project developer has signed a Memorandum of Understanding (MoU) with a state autonomous industrial body to develop mitigation projects across the South Asian country under domestic as well as international voluntary and compliance carbon markets.

An auditing body within Australia’s government has found more work needs to be done to quantify the government's work in reducing its emissions per the commitments it made in 2022.

A state-owned agricultural company in Taiwan has decided to tap into the carbon farming sector, as the government seeks to assess the potential of soil carbon across the island as part of a national climate strategy.

Australian gas company Santos’ Barossa project is expected to have a significant impact on medium- term Australian Carbon Credit Units (ACCU) supply and demand dynamics, given that it will be unlikely to get its CCS element up and running until the late 2020s or the 2030s, according to analysts.