Carbon Pulse

The EU is set to take its final step in approving a revised more ambitious renewable energy legislation as the bill faces a full EU Parliament vote on Tuesday, with most parties likely to vote in favour.

The European metals industry started a process to establish its own transition pathway in collaboration with the European Commission, two sector associations announced on Monday.

REDD avoided deforestation credits slipped lower last week to underline the lack of demand and reflecting an increasingly bleak voluntary carbon market as it waits the arrival of the ICVCM’s first batch of Core Carbon Principle labelled credits.

Allianz Global Investors has reduced its exposure to UK water companies due to risks associated with them dumping sewage in waterways, an executive at the firm said as the company ramps up its nature-related engagement.

The International Maritime Organization’s strategy for the transition to renewable energy is a major step forward in ambition that has overtaken many of the national, regional, and industrial steps already in place, according to research released Monday.

Britain and South Korea have respectively pledged $2 billion and $300 mln to the latest replenishment of the Green Climate Fund (GCF), a mechanism established to channel climate finance from rich nations to the countries in the Global South to aid them with climate action.

A Canada-based carbon credit project financier has rebranded to underscore the urgency needed in the global mission to decarbonise economies and the company’s focus on the climate action required.

European carbon prices rose slightly on Monday morning despite a relatively weak auction result, as EUAs garnered some support from a strong advance in natural gas after a major Australian LNG producer said there was little prospect of a swift resolution to strikes that have cut gas output.

A developer is seeking investment into a new afforestation project in India to boost the supply of removal credits in the voluntary carbon market (VCM), despite uncertainties about the country’s future carbon market.

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.