Carbon Pulse

Entities covered under the Safeguard Mechanism surrendered 7.1 million Australian Carbon Credit Units (ACCUs) in 2023-24, as the scheme completed its first compliance cycle after extensive reforms were introduced.

Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, a subsidiary of shipbuilder SBM, will study the application of CO2 capture modules on oil production tankers and refine it to the point it can be commercialised and scaled to contribute to carbon neutrality, the two said Tuesday.

The impacts of climate change in Europe are clear, and go from record temperature to excessive rains and worsening environments all across the EU, according to the bloc's Copernicus Climate Change Service (C3S) and the UN's World Meteorological Organization (WMO).

A Toronto-based carbon project financier filed legal action Monday claiming over $45 million from several former executives and consulting companies for alleged breaches of fiduciary duty, fraudulent misrepresentation, and unjust enrichment.

Repealing certain tax credit provisions of the Inflation Reduction Act (IRA) would save $421 billion in federal spending by 2034, according to an environmental research centre.

RGGI Allowance (RGA) prices recovered above $18 in light activity after toppling through a historic week of White House plans to dismantle state-led cap-and-trade schemes and macro market jolts from US reciprocal tariff turnabouts.

The US Department of Agriculture (USDA) on Monday cancelled the remaining funds of a $3 billion Biden-era programme aimed at creating market opportunities for American commodities produced using climate-smart practices.

A hub at a university in Connecticut engaged in research on natural carbon capture announced last week a new co-director.

Carbon markets ties between select East Asian nations and South American project host countries strengthened last week, while the Colombian government offered an official explanation for an increase in the use of offset credits in 2024 for compliance with its CO2 tax.

A risk mitigation and insurance company has launched a new insurance product designed to cover liabilities associated with US well-plugging projects that generate carbon credits.

Brazil’s national development bank and environment ministry on Friday launched a R$150 million ($25.6 mln) call for the ecological restoration of Indigenous lands in areas of the country suffering from deforestation.

The fossil fuel industry could be protected from climate litigation following US President Donald Trump's recent executive order (EO), a lawyer told Carbon Pulse.

Paraguay expects to sign its long-awaited implementation agreement with Singapore under Article 6.2 of the Paris Agreement by next month, a top official has told Carbon Pulse.

A courtroom saga involving the massive Cordillera Azul REDD project in Peru will see another hearing later this month, by virtue of an appeal launched by the project’s backers after a court ruled in favour of Kichwa Indigenous peoples late last year.

Brazil’s incoming emissions trading system (Portuguese: SBCE) can attract sizable green investment and boost GDP, but the price of allowances must be set at a “moderate” level before increasing, according to the ESG lead at an international investment bank.

A Texas-based carbon management firm has appointed a new CEO to lead the company as it develops carbon storage hubs in Louisiana and Colorado, the company announced Monday.

The European Commission will unveil a long-delayed roadmap early next month detailing its strategy to phase out Russian fossil fuels, Bloomberg reported Monday, as Brussels looks to reinforce its energy autonomy while grappling with industrial cost pressures and internal political divisions.

Trade on the voluntary carbon market was thin last week and prices dipped lower, due to a period of seasonal holidays affecting several markets as well as the uncertainty around the impact of US President Donald Trump’s tariff policy.

Kenya has shown significant improvement in expanding access to clean cooking solutions and electricity due to its robust policies and infrastructure investments, according to a report released by the International Energy Agency (IEA) on Monday.

EU member states have agreed to include biodiversity protection among the criteria that should be considered in renewable energy auctions under the bloc's Net Zero Industry Act (NZIA).