Carbon Pulse

A report released by the World Economic Forum (WEF) and consultancy Accenture on Tuesday assessing the decarbonisation efforts of heavy industry and transport sectors says the industries require $13.5 trillion in investment to achieve net zero by 2050.

Oil and gas company Santos has urged the government to provide a guaranteed supply of Australian Carbon Credit Units (ACCUs) in order to meet its compliance regulations under the Safeguard Mechanism, according to tabled correspondence.

The government of Alberta will provide energy, building, and chemical industries with a 12% incentive tax credit for new eligible capital project costs on carbon capture, utilisation, and storage (CCUS) operations, funded in part by its emissions trading system, the province announced Tuesday.

Alberta’s United Conservative government introduced a resolution Monday to challenge the federal Liberal government’s draft regulations in pursuit of a nation-wide net zero electricity grid by 2035.

The Voluntary Carbon Markets Integrity Initiative (VCMI) issued new guidance today for carbon credit-buying firms, including a new proposed use case for carbon credits that has swiftly divided opinion, with campaigners warning the proposal risks diluting company goals and market participants claiming it could raise ambition by encouraging more companies to take action.

A technology company, an offset project developer, and an Indigenous tribe have pooled resources and funding to co-develop the first phase of an Improved Forest Management (IFM) project in the northern regions of British Columbia.

EU ETS revenues are still being directed to fossil fuels infrastructure due to legal loopholes and a lack of transparency, green groups warned on Tuesday.

India has pledged to triple its renewable energy capacity by 2030 as part of efforts to meet climate targets, but needs to spend $101 billion more than planned this decade to align itself with the International Energy Agency’s pathway to meeting its 2070 net zero target, according to a report released Wednesday.

A US carrier has become the first customer of a carbon dioxide removal (CDR) company that compresses biomass residue, such as timber or farm crops, into dense carbon blocks at relatively low cost.

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With the UN body mandated to shape the carbon crediting mechanism under Article 6 of the Paris Agreement having already produced its final recommendations, the focus on markets in negotiations at COP28 will be on finalising technical details relating to the international trade of units, such as determining the rules around national authorisation of transactions, the transparency of reporting, and establishing safeguards for the mechanism.

An Estonia carbon project developer has raised €2.5 million in seed funding to expand its European portfolio of forestry activities, it said Tuesday.

Just four of 53 of the world’s biggest companies most at-risk from deforestation loss have a policy on the topic covering their entire supply chains, non-profit Ceres has found.

German utility RWE, historically the biggest emitter in the EU ETS, is dropping its 'strategic' hedging of carbon for lignite coal power production, it announced Tuesday, as it unveiled an ambitious new roadmap for green energy technology investment over the next seven years.

This year has seen a shift in the voluntary carbon markets, with demand gravitating towards pricier, higher quality carbon credits that bring other benefits in addition to mitigating greenhouse gas emissions, according to a report published on Tuesday.

European carbon prices slumped for a second day, falling to a new one-year low as selling across all energy markets continued, while traders also digested news that a major EU emitter had called time on its long-term hedging strategy.

A UK-French led initiative on an international biodiversity credit market has launched a ‘call for views’ to help it address the challenges in scaling the market on topics including pricing, stewardship, and offsets.

EU co-legislators in the early hours of Tuesday reached a provisional political agreement to set common internal market rules for gas and hydrogen, after extensive closed-door negotiations that left some elements still to be concluded.

A Singapore-headquartered carbon software firm has teamed up with a UK-based exchange technology provider to build carbon trading infrastructure for national markets connected by a shared registry, they announced Tuesday.

Construction of new coal-fired power plants has dropped in 2023 across most of the world while all of Asia continues to lead the world in terms of new coal construction, not counting China, according to a report released Tuesday.