Carbon Pulse

The 'MAIF pour le vivant – Nature 2050' fund has opened a call for projects across mainland France and its overseas territories that contribute to the adaptation of territories to climate change and act to preserve biodiversity by relying on nature-based solutions.

An international network that includes 45 countries has launched the Coral Reef Breakthrough, planning to raise at least $12 billion in public and private finance this decade to stop the drivers of coral reef loss and accelerate restoration.

Australian mining and energy company Fortescue has taken the lead investor role in a $380 million Series C capital raise by a US-based hydrogen company, as the issuance of Australian Carbon Credits Units (ACCUs) fell over the past week.

Singapore has set eligibility criteria for international carbon credits that emitters can use towards a part of their carbon tax compliance requirements, with Minister for Sustainability and the Environment Grace Fu outlining seven precepts during a Wednesday speech.

The NZU stockpile has failed to budge between the June and September quarters, but the number of ETS participants holding units has increased, according to government figures.

The Americas branch of spirits producer Remy Cointreau has teamed up with WWF-Mexico to protect and regenerate the Monarch butterfly across the Americas.

The Director of Nature Positive Corporate Partnerships will provide administrative, research, communications, and project support for select corporate grant portfolios as part of CI’s Center for Sustainable Lands and Waters.

The supply of removal credits needs to be scaled up quickly with dramatic potential across North America. As a US Supply Manager you apply your effective negotiation skills to recruit suppliers and play a key consulting role to them to help them scale their carbon removal projects.

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

Massive tree-planting carbon offset projects, including those growing single species, are inadvertently degrading tropical ecosystems and biodiversity by focussing solely on carbon sequestration.

The Clean Energy Regulator and soil carbon project developer Agriprove have rejected concerns from scientists around the issuance of soil Australian Carbon Credit Units (ACCUs) as more credits from the project type have been issued. 

California regulator ARB presented further modelling of allowance budgets for its cap-and-trade programme until 2045 and opened discussion of accounting for emissions from electricity imports in unlinked jurisdictions with CO2 pricing, in materials released Tuesday ahead of the agency’s forthcoming pre-rulemaking webinar this week for its climate regulation.

Stakeholders discussed leveraging US hydrogen hub funding to enable technology agnostic production pathways, incentives, and other demand strategies, at a conference on Tuesday.

Occidental Petroleum, through its subsidiary 1PointFive, and the Abu Dhabi National Oil Co. (ADNOC) on Tuesday unveiled an agreement to commence a jointly-funded preliminary engineering study for a 1 million tonne/year direct air capture (DAC) facility in the UAE.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in September edged marginally above August prices, while newer vintage units widened their premium to older-dated credits, said a report published Tuesday.

A Canadian carbon credit firm on Tuesday declared an offtake agreement with a British Columbia-based non-profit construction association to abate emissions within the construction industry.

North Carolina Governor Roy Cooper (D) allowed the state's budget bill to go into effect on Monday, blocking the state from implementing a power sector cap-and-trade programme, following years of efforts from environmental groups motioning for state participation in RGGI.

EUA prices are set to track higher over the remainder of the carbon market's current trading phase, reaching more than €150 by 2030 amid a tightening annual cap that will require cross-sectoral culling to free allocation, while attention will switch to deciding the EU’s 2040 climate target and decarbonising industry, according to analysts.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Both candidates to be the next EU commissioners for the European Green Deal and for climate action failed to secure the required two-thirds majority of lawmakers to be confirmed by the European Parliament's environment committee (ENVI) on Tuesday.