Carbon Pulse

The UK is in a unique position to act as an important hub for hydrogen development in Europe thanks to its pressing need to decarbonise its gas-reliant heating system, wealth of renewable energy for powering hydrogen electrolysis, and ease of access to the North Sea for potential CO2 storage, said one of the country’s leading pipeline operators.

A GE-backed business alliance has been established to develop a carbon capture, usage, and storage (CCUS) value chain feasibility study and joint solutions to decarbonise gas power plants in Indonesia, in a move to position the Southeast Asian country as the industry hub for the region.

Carbon credit ratings agencies have a valuable role for raising the quality of the voluntary carbon market (VCM), according to a study published Monday of the four main players, though there is room for improvement in their activities and buyers must better understand their work to increase its effectiveness.

Investment into lower carbon energy will need to rise steeply and policy settings improve if the world is to reach net-zero by 2050, but most executives believe they are doing better than their peers, a survey released Monday found.

Subsidiaries of a European carmaker and a Chinese agricultural conglomerate have teamed up to generate animal waste management system (AWMS) carbon credits in China's Anhui province.

India along with several other leaders of the G20 launched a Global Biofuels Alliance (GBA) on Saturday to promote the use of sustainable and cleaner fuels.

A group of Australian companies on Monday released a draft method to allow landowners to earn reef credits from improved grazing land management in a bid to boost soil health and improve water quality at the Great Barrier Reef.

A Japanese climate startup that provides digital measurement, reporting, and verification (DMRV) software has teamed up with an Indonesian property developer to promote decarbonisation in the Southeast Asian country's urban transportation sector.

Peru will redirect $20 million of its debt to the US to spend on conservation efforts in some of the most biodiverse areas in the Peruvian Amazon.

Leaders of G20 have agreed to try to triple renewable energy capacity globally by 2030, but failed to mention the phase down of fossil fuels, according to a G20 declaration released Saturday.

US President Joe Biden's administration has allocated $24 million in funding for over a dozen research projects that seek to sequester CO2 emissions through marine-based technologies.

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

Compliance entities boosted their net length in the California Carbon Allowance (CCA) and RGGI Allowance (RGA) markets over the past week, while speculators pared back their holdings in both North American programmes, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

An OECD committee assembled to help improve the impact of emissions reduction efforts around the world through enhanced multilateralism will meet this autumn to discuss countries' various carbon pricing approaches, as part of an initiative to take stock of global efforts, examine their effectiveness, and prevent carbon leakage.

California regulator ARB’s forthcoming Low Carbon Fuel Standard (LCFS) rulemaking package will include a strengthening in the scheme’s carbon intensity (CI) targets alongside other measures to tighten the programme and phase out avoided methane crediting pathways, the agency revealed Friday.

The Washington Department of Ecology (ECY) will offer allowances from its Allowance Price Containment Reserve (APCR) for sale at one fixed-price tier this fall, following a Q3 settlement price which triggered the second-ever reserve auction, according to a government notice published Friday. 

California Low Carbon Fuel Standard (LCFS) values slid on Friday to levels not seen since late July as market participants reported compliance entities were keen to sit back, though they spiked late in the day after the state published a document detailing its forthcoming rulemaking to strengthen the programme's carbon intensity (CI) benchmarks.

A major Brazilian financial services company announced on Thursday it expects its current suite of carbon projects to produce 60 million credits over the next three decades, not counting future investments in the sector.

Indonesia is leading a group of 17 commodity-producing countries that are demanding to have a say in the EU's anti-deforestation law that addresses imported products.

Fish farming will not enter the EU’s list of sustainable investment activities for at least two to three years, an executive at non-profit think-tank Planet Tracker has predicted.