Carbon Pulse

A lack of national capacity and significant regulatory uncertainty makes for a patchwork of rules between Article 6 and the voluntary carbon market (VCM), industry experts said on Wednesday.

A UK-based digital MRV company has underlined the double-layered process of data gathering to be used to establish deforestation baselines as part of Verra's in-development consolidated methodology for the REDD avoided deforestation sector.

A London-listed fertiliser and green hydrogen company is targeting carbon credits as a major revenue source for its South American upcoming project.

Greenhouse gas (GHG) emissions from sectors covered by the EU ETS showed varied signs of decrease in the first months of 2023 as total emissions across the 27-nation bloc as a whole fell by nearly 3% year-on-year, according to EU data released on Wednesday.

An uptick in the forward hedging of EU carbon allowances is likely to have accounted for some of the recent strength in benchmark EUA prices, but analysts point to a bearish remainder of 2023 as power and industrial emissions continue to wane and coal-to-gas fuel switching is also likely to weaken demand.

There are growing concerns in India that a controversial new forestry act adopted last month will drive deforestation after a state government ordered that a specific forest category was no longer covered by law, even if that order has been put on hold temporarily.

European carbon prices climbed to another August high in morning trade on Wednesday as positioning data showed speculative investors had increased their net short position last week, while energy prices were modestly lower on profit taking after Tuesday's sharp increases.

The UK government is investing several million pounds in accelerating the use of artificial intelligence (AI) to reduce the carbon footprint of industry, with funding for AI projects dedicated to improving renewable energy generation and support for a UK-based research centre focused on using AI for decarbonisation.

Oil, gas, and coal producers have vastly overestimated the efficacy of their climate policies, and will fail to do their share to meet Paris climate targets even when they have company net-zero policies in place, according to a new study that looked at close to 150 companies.

One year has passed since the launch of the subsidy-laded Inflation Reduction Act (IRA) in the US, with the legislation igniting domestic cleantech development but also sparking a green investment race in Europe and worldwide.

New Zealand is on the cusp of passing legislation that would update industrial allocation settings as well as late payment penalties for ETS participants.

To drive down the cost of producing clean hydrogen, one of the world’s largest independent oil and gas companies has partnered with a Milwaukee-based startup and plans to use water vapour from industrial processes.

Australia and the US state of California have signed an MoU to work together to combat climate change, focussing on clean energy and tech, trade, and nature-based solutions.  

A new fund is being established to earn Australian Carbon Credit Units (ACCUs) from premium environmental plantings (EP), aiming to generate returns of 12-14% per annum.

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

The California government on Tuesday provided an overview and timeline for developing its regulatory framework for carbon capture, utilisation, and storage, with the state facing strong support from industry and heavy pushback from environmental justice organisations.

Houston-based oil and gas firm Occidental has purchased the Canadian direct air capture (DAC) company Carbon Engineering through a subsidiary for $1.1 billion, the entities announced Tuesday.

The small Mexican state of Colima is working on quickly rolling out a carbon tax, while the Tamaulipas government is planning to soon reinstate its own CO2 levy that will have stronger legal backing, a conference heard Tuesday.

Tens of thousands of credits from a Brazilian REDD+ projects were sold by a Toronto-headquartered voluntary carbon market financier for a net-settlement of less than $1 per unit during this year's second quarter, an investor call heard Tuesday.

Terraformation is hiring a Controller to lead the Accounting team. Reporting to the CFO, the Controller will closely manage all monthly, quarterly, and annual accounting processes and reporting, allowing Terraformation to push forward in its mission of planting 1 trillion trees by 2030. This critical role will help monitor our financial accounting as we continue to grow our projects worldwide.