Carbon Pulse

The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) is looking to advance infrastructure for transport and storage of CO2 from industrial and power generation sources in pursuit of federal climate goals.

California boosted the issuance of compliance-grade offsets since the prior distribution in November, but none of the credits were tagged with direct environmental benefits to the state (DEBs) this time round, according to data published by the state regulator ARB on Wednesday.

Voluntary carbon market (VCM) proponents are pressed to bring integrity to the ecosystem with new tools outlined across multiple events on the sidelines of the COP28 UN climate summit, but the collapse of negotiations on international emissions trade in Dubai may hinder efforts to converge markets.

Bolivia has signed a memorandum of understanding (MoU) with a global carbon standard to educate stakeholders and share knowledge about the nation's carbon market activity.

Researchers evaluating the robustness of carbon credit baselines for jurisdictional-scale avoided deforestation projects have exposed serious challenges in their accuracy and consistency, according to a new study.

A Belfast-based carbon capture firm on Wednesday announced partnerships with four more cement manufacturers aimed at expediting the implementation of this nascent technology within their operations.

The auction of December current vintage units for Washington’s WCI-modelled cap-and-invest programme sold out just under the Allowance Price Containment Reserve (APCR) Tier 1 price, while the second advance sale settled much lower, according to results published Wednesday.

EUAs touched €70 early on Wednesday as data showed the highest ever net short position for funds last week, but prices then eased back as the hotly-anticipated quarterly options expiry passed without fireworks.

A methodology that aims to enable governments to generate marine biodiversity credits from protected areas has been launched by California-headquartered non-profit OpenEarth.

Germany is set to spend billions less than planned on climate and energy transition projects each year to 2027, in order to balance the government budget following a court ruling.

Improvements in metrics are likely to entice billions of dollars in nature investments across biodiversity, carbon, and water over 2024, an executive at MSCI has said.

A German cleantech start up has raised €3.2 million in seed funding for its direct air capture (DAC) technology that can be retrofitted to existing cooling towers and waste heat pumps of ETS-covered industrial facilities, keeping onsite development and running costs low.

BNP Paribas Asset Management said on Wednesday that it has launched a new fund designed to finance energy transition projects across Europe.

Here are selected party, stakeholder, and expert reactions to the UAE Consensus on the Global Stocktake (GST) and other outcomes at COP28 climate summit in Dubai, which wrapped up Wednesday.

South Korea’s latest monthly CO2 auction again sold only a limited share of the permits on offer, as the market continues to struggle with lukewarm demand amid policy uncertainties.

Startup registry Isometric said on Wednesday that it has developed a new protocol for permanent carbon removal using bio-oil geological storage, and plans to unveil three more protocols over the next three months.

The government of South Korea has made official revisions to the allowance allocation plan for the domestic carbon market during the current phase (2021-25) to reflect the country's new emissions reduction targets and improve liquidity. 

The first African biodiversity accelerator has picked two initial winners, both forestry projects in the process of exploring options in the biodiversity credit market.

A final negotiating text on the first ever Global Stocktake (GST) of the Paris Agreement was published on Wednesday at COP28, urging a "transition away from fossil fuels in an equitable manner" but crucially avoiding the stronger 'phaseout' language seen in earlier versions, though many see the outcome as marking a step in the right direction and "moving the needle" in the fight against climate change.

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