Carbon Pulse

Some of the world's largest corporate retailers and carriers need to take responsibility for their emissions and step up to tackle climate change, as current efforts are significantly lacking in several areas, an environmental organisation alliance said in a report published Thursday.

A EU and UK carbon analyst will leave their role at an energy consultancy at the end of the week for a new position at a multinational oil and gas firm, they told Carbon Pulse on Thursday.

The body responsible for shaping the UN carbon market under Article 6 of the Paris Agreement has opened another consultation on the methodological guidance under which projects may receive credits, focusing on baseline, additionality, and leakage assessment requirements.

The government of Japan has commissioned three companies to jointly conduct a feasibility study on the establishment of an overseas carbon capture and storage (CCS) value chain as part of the country's broad decarbonisation strategy, which includes awarding carbon credits for domestic and international CCS projects.

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China's regional governments approved more than 50 gigawatts (GW) of new coal power during the first half of this year, showing no sign of a slowdown in coal-based capacity expansion amid renewed worries over the country's ability to tackle climate change, analysts have found.

The Australian government has released draft changes to the treatment of coal mines under the Safeguard Mechanism, however analysis estimates it will only have a marginal impact on future Australian Carbon Credit Unit (ACCU) demand.

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Analysts have left their short-term forecasts for EU carbon prices more or less unchanged despite a large drop in carbon-intensive power generation and sluggish demand from industrials, while again raising their longer-term outlooks and significantly slashing their expectations for UK carbon costs.

A Singaporean tech company has announced plans to produce biochar from sugarcane bagasse waste in Indonesia, and aims to pay for it by issuing CO2 Removal Certificates (CORCs), it announced Wednesday.

Another forestry-based California Carbon Offset (CCO) project in neighbouring Oregon will be cancelled after wildfires ravaged the site several years ago, according to a media report Wednesday, which would make it the second improved forest management (IFM) undertaking in the Beaver State to fold.

The Oregon Clean Fuels Program (OCFP) slipped back into net quarterly credit drawdowns during the first three months of the year, as new highs in quarterly gasoline deficits beat out record renewable diesel volumes, according to state data published Tuesday.

Mandates and regulations must accompany the clean energy incentives provided by the Inflation Reduction Act (IRA) in order for the US to hit its Paris Agreement GHG reduction commitment, according to analysis published Wednesday.

CO2 output under the Massachusetts Global Warming Solutions Act (GWSA) cap-and-trade system remained at three-year lows through the second quarter of 2023, according to data updated this week.

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Germany’s plans to put its domestic carbon price for buildings and transport back on its pre-energy crisis upward trajectory are in question amid a ministerial clash, Bloomberg reported on Wednesday, citing anonymous sources.

Cross-border loans from public banks could become a key driver of investment in gas-fired power plants in the Global South, researchers said in a report published on Wednesday that flagged signs of interest in fossil fuel financing caused by Russia's war of aggression against Ukraine. 

Direct ocean carbon capture using membrane contactors that bring a solvent into contact with seawater to siphon off the CO2 offers a promising way to capture carbon from the ocean, which is at levels around 50 times greater than the amount in the atmosphere and providing a focus for several developers of innovate climate mitigation projects.

The market for UK peatland restoration projects is growing fast but needs clear parameters in the way of more regular verifications, contractual obligations, and better reporting guidelines for businesses in order to improve market liquidity and carbon credit sales.

The canopies of the world’s tropical forests may be approaching vital high-temperature thresholds faster than previously thought, according to recent study.