Carbon Pulse

India's federal government over the weekend approved its ambitious National Green Hydrogen Mission, including both electrolysis-based and biomass-based hydrogen production methods in the scope of “green hydrogen”, though observers say major challenges must be overcome for the nation to earn its coveted role as a global hub.

A large US retailer is partnering with a technology startup to capture CO2 in its manufacturing facilities and supply chain and convert that CO2 into yarn for an apparel collection, aiming to reach price parity with standard textiles such as lyocell and viscose.

European carbon allowance prices tracked volatile movements on gas markets on Monday as the risk of industrial action at Australian LNG terminals supported prices, while a below-market auction filtered in some weakness to the benchmark as it moved to trade flat as of midday to the prior settlement.

One of Australia’s big three ‘gentailers’ on Monday released its emissions plan, promising to launch a Scope 3 emissions reductions plan by the end of next year while remaining committed to offering clients power and gas products backed by carbon credits.

Australia closed consultation on its hydrogen strategy Friday, an update to its 2019 paper which was one of the first national hydrogen strategies and offered under the prior Coalition government.

A securities arm of China's Baoshan Iron & Steel (Baosteel) has inked a deal to secure domestically issued offsets from a Shanghai-listed environmental solution provider for the coming three years, as China is ramping up efforts to expand the scope of its national carbon market.

The Assistant Managers - Carbon Crediting Strategy and Coordination, will play a pivotal role in supporting the Australian Carbon Credit Unit (ACCU) Scheme.

Deforestation and forest degradation in Australia is being overlooked by overseas investors to their peril, a report released Monday warned, as biodiversity and nature loss becomes an increasingly material risk for companies and their financiers if not managed effectively.

A group of NGOs are calling for funding to jump-start a global biodiversity fund at an international environmental assembly week, a move that they see as essential to stem biodiversity loss.

Countries with the greatest biodiversity richness are the ones spending the least on nature, the UNEP Finance Initiative (FI) has found, urging investors to identify whether they are contributing to the trend.

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

A wide swath of industry, non-profits, and utilities have all called for a California cap-and-trade allowance budget adjustment to achieve at least 48% emission reductions by 2030, according to public comments to submitted to state regulator ARB this week.

A Massachusetts-headquartered start-up on Thursday announced it has successfully procured $10.6 million in Series A fundraising as it intends to bring its soil carbon measurement technology to commercial deployment.

Offset standard Climate Action Reserve (CAR) on Friday published its draft China adipic acid production protocol, arguing new design measures can safeguard against integrity concerns that resulted in the EU ETS forbidding the use of such carbon credits a decade ago.

Regulated parties picked up California Carbon Allowances (CCAs) heading into the WCI Q3 auction and sold off RGGI Allowances (RGA), while speculators let go of permits in both markets, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

The absolute share of renewable and non-GHG electricity supply in California rose to a record high last year on the back of more solar power, while unspecified power imports hit a four-year peak, according to state data published Friday.

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A lack of progress on setting up a registry for the Paris Agreement's Article 6.4 mechanism could delay trade of sovereign credits in the market, warns the President and CEO of the International Emissions Trading Association (IETA).

The Brazilian state of Acre is currently negotiating the sale of 100 million tonnes of avoided deforestation carbon credits from the Amazon jurisdiction’s longstanding REDD+ programme, local media reported this week.

Zimbabwe has reportedly rolled back on its plans to take half of all carbon credit sale proceeds and ringfence a further 20% for local communities in the wake of concerns from investors, while neighbouring Mozambique intends to set out its own carbon trade framework next year.