Carbon Pulse

Ukraine’s deputy energy minister said on Thursday that the country’s electricity grid may need additional inputs from the EU this winter to prevent blackouts, adding that the embattled nation's power sector is shaping up in the hope of EU accession.

The European Commission will soon present a communication on how to improve energy grids in Europe that will also cover how important CCS technology has become, the executive's Green Deal boss Maros Sefcovic said on Thursday.

Two large corporate carbon credit buyers expressed a broadly positive outlook for the development of jurisdictional REDD+ in spite of "a difficult year" for the forestry sector, in a webinar on Thursday, urging patience from the market.

Companies are counting on an under-the-radar tweak to EU ETS rules to kickstart projects to store carbon permanently in buildings, with the incentive to shave carbon costs enough to get going without needing to rely on fledgling efforts to generate carbon credits from removals.

An international conservation NGO on Thursday announced it is launching a Mangrove Conservation Fund for Malaysia as its first action after establishing a presence in the Southeast Asian nation.

Most Asia-Pacific nations are trailing global commitment levels in emissions targets, and they should use the next cycle of NDC updates in 2024-25 to recalibrate, a UN report said Thursday.

A coalition of countries could collaborate on a plan for regulation to push a nature positive agenda globally, the director general of the WWF International has said.

European carbon declined slowly through Thursday morning, tracking movements in natural gas amid a general lack of activity, as participants continued to speculate over whether prices will recover ahead of the expiry of the current front-December contract.

A financing mechanism, launched on Thursday by green groups with backing from the UK government, will provide advanced funding for forest-rich countries that sign binding Emissions Reduction Purchase Agreements (ERPAs) with the LEAF Coalition, with executives hoping to secure two such deals this month and several more in the first half of 2024.

A global study of over 15,000 small-and medium-sized enterprises (SMEs) has highlighted that many SMEs want to make progress sustainability, but often are unable to measure and report on emissions.

A ratings agency for the voluntary carbon market (VCM) has announced a partnership with a satellite data provider, it announced Thursday, to enhance the monitoring, reporting, and verification of forestry projects.

A Danish tech company announced Thursday its soil carbon platform now covers two million hectares spanning 17 European countries, with the expansion aided by a €46 mln raise earlier this year. 

A European cleantech firm has raised €4.5 million including grants from Brussels to improve the energy efficiency and reduce emissions as part of heavy industrial processes, according to a release Thursday.

None of Japan’s ‘big three’ steel makers are close to realising the kinds of steep emissions cuts needed for the energy transition according to their own stated emissions plans, an Asian think tank said Thursday.

Canada’s British Columbia has released a strategy framework on biodiversity and ecosystem health, vowing to take a whole-of-government and whole-of-society approach to govern the protection and restoration of nature.

China is set to announce three supplementary rules to back the operation of its national voluntary scheme, providing more clarity for developers and traders to participate in the long-suspended market, the government said Thursday.

An outlook into Australia’s carbon market expects Australian Carbon Credit Units (ACCUs) sourced from environmental planting (EP) projects will make up a large portion of the annual issuance in the years ahead.

A global consultancy has found that companies buying carbon credits and removals are on average more successful in reducing their operational emissions than those that do not, echoing similar findings from another recent voluntary carbon market (VCM) report.

The world’s biggest oil and gas companies could have afforded to pay for the loss and damage associated with the fossil fuels they produced over the past few decades, and more of this wealth should be funnelled into loss and damage funds, according to a report published on Thursday.

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