Carbon Pulse

Brazil's Senate on Tuesday postponed voting on a new compromise version of long-awaited national cap-and-trade legislation until next week.

The European commissioner-designate for energy and housing will pursue electrification to shield vulnerable citizens from increasing energy prices, a prospect made more real by ETS2, he told the European Parliament on Tuesday afternoon.

An Illinois agribusiness facing regulatory action in connection to a leaking CO2 injection well has completed a diagnosis estimating the amount of CO2 that escaped via a problematic monitoring well.

The Alberta Technology Innovation and Emission Reduction (TIER) programme's spot prices reached historic lows for the second month in a row, according to a report published Friday.

The political context around COP29 negotiations in Baku is very different to last year's summit and could stand to benefit Article 6 talks, the founder of a carbon ratings agency said Tuesday.

Two Abu Dhabi-based energy companies have partnered with Microsoft to explore decarbonisation solutions, including the use of AI to advance carbon capture, low-carbon hydrogen, and ammonia projects.

A startup insurance company hopes to kick start the carbon removal (CDR) market by offering cover to mitigate the risks facing early-stage projects.

A Canadian consultancy and a US-based energy technology provider have announced a joint venture focused on providing engineering and geoscience solutions for carbon sequestration and enhanced oil recovery (EOR) projects in the US.

An alliance of several Brazilian public institutions on Friday agreed to structure new forest concessions for sustainable logging and forest restoration, offsetting the cost of restoring 334,000 hectares of degraded areas in the Amazon using the proceeds from carbon credits.

Scotland's government released on Tuesday a framework aimed at driving private investment in natural capital, outlining a set of high-integrity principles as well as a roadmap to 2026 to scale the carbon and biodiversity credit markets.

German energy company Uniper has watered down its carbon neutrality target amid a 'cautious' investment environment concerning green hydrogen, it said in quarterly results published Tuesday.

Vitol has appointed a veteran emissions trader to its carbon and environmental products division, as the current head of division is set to retire.

The UK government can hit its goal to decarbonize the country’s electricity grid by 2030 with a massive expansion in renewable power and a price tag of at least $40 billion of investment a year, according to a report by newly created National Energy System Operator (NESO) .

Lawmakers in the European Parliament are focusing their attention on the Commission’s pledge to table a 90% climate target for 2040, leading MEPs told Carbon Pulse ahead of EU climate chief Wopke Hoekstra’s confirmation hearing on Thursday.

A Brazil-based developer has revised its biodiversity credit methodology to more clearly define the units within its framework, resulting in changes to the number of credits generated by its project as well as adjustments to pricing, the company told Carbon Pulse.

Money for climate action – and the rules underpinning its delivery – will dominate this year’s UN climate summit more than any other in the past decade, raising tensions over how much should be mobilised, who is on the hook for providing it, under what terms it is granted, as well as how the funding is tracked and reported.

Norway faces a significant shortfall in reaching its previous 2030 emissions reduction goal of 40% below 1990 levels, while Iceland could also fall short of tighter targets, according to a report published last week.

The European commissioner-designate for agriculture and food dismissed the idea of creating an emissions trading system for agriculture during his European Parliament confirmation hearing on Monday evening, saying EU policymakers should instead focus on tapping into the potential of carbon farming. 

European carbon was calm and little-changed on Tuesday morning, refusing to track firming natural gas prices as many markets appeared to adopt a watching brief for news from the US presidential election.

A Japanese carbon project developer has teamed up with two local partners based in Cambodia to promote an increasingly popular rice-focused methodology, as it aims to tap into the Southeast Asian country's voluntary market.