Carbon Pulse

A California-based startup that produces water from removed CO2 has signed strategic partnerships with ConocoPhillips, JetBlue Ventures, and Shell Ventures, securing more than $80 million in multi-year investments towards developing its innovative technology.

European shipping emissions rose 3% year-on-year in 2022 though remained below pre-pandemic levels, according to analysis published on Thursday that shows LNG-carriers and cruise ships to be the main drivers of the increase for the sector due to face ETS obligations from next year.

The European Commission on Thursday announced the results of the third call for large-scale projects under the bloc’s EU ETS-financed Innovation Fund, with €3.6 billion being disbursed to 41 clean tech activities.

European carbon prices resumed their week-long rally on Thursday morning after the previous session's interruption, as traders began to factor in the annual reduction in auction supply due next month and continued to shrug off bearish fundamentals highlighted in recent analyst reports, while energy markets eased for a fourth day.

Indonesia could earn as much as $400 billion annually by 2030 in industry revenue and carbon credit sales if it optimises its massive green growth potential, according to a report released Thursday.

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South Korea's second-largest airline has partnered with a domestic NGO to provide a voluntary carbon trading platform for its passengers, a move that it expects to help reduce emissions in the aviation sector.

A Dubai-based carbon project developer and a Singapore-headquartered exchange have partnered with the ambition to develop Paris-aligned Article 6 carbon markets across the Middle East and North Africa.

Stakeholders are reacting cautiously to the government’s proposal to establish a national biodiversity market in New Zealand, saying that it is a good idea in principle, but the government’s handling of the existing carbon emissions trading scheme gives some little faith in Wellington to administer such a programme.

South Korea's first monthly CO2 auction for the current compliance cycle sold less than 40% of the permits on offer, with the clearing price dropping to a new low amid continued bearish market sentiment due to a lack of policy direction.

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South Africa's goal to achieve 41% renewable energy in its power mix by 2030 looks increasingly difficult, analysts said, with projections showing that only 20% will be carbon-free by the end of the decade.

The Amazon rainforest could irreversibly transition to savannah or grassland due to the compound effects of deforestation, climate change, and more fires, a new study warns.

A Berlin-based startup is approaching several sub-Saharan African governments with the aim to develop nature-based conservation and restoration projects, seeking to tap multiple revenue streams including carbon finance to deliver more resilient outcomes.

It’s been a rollercoaster ride for carbon markets over the past 12 months, with policy changes and ongoing scrutiny seeing some of the most historically stable voluntary carbon credits facing price pressure. The latest analysis from Viridios' AI-powered carbon credit pricing platform VAI shows that despite some  negative market sentiment certain methodologies and geographies continue to trade at a premium.

California regulator ARB on Wednesday announced the date for the next public workshop to discuss potential updates to the cap-and-trade regulation, causing a “frenzy” in an otherwise quiet secondary market.

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California Carbon Offset distributions fell significantly the past two weeks but remained close to 2022 levels, while Quebec also handed out credits eligible for its cap-and-trade programme, according to government data published Wednesday.

The US Department of Agriculture (USDA) on Wednesday announced the federal government will disburse $300 million towards improving the measurement and verification of GHG emissions and CO2 sequestration from climate-smart agriculture and forestry.

Carbon credit certifier Verra removed wetlands as an eligible land type in an interim update to its sweeping consolidated REDD methodology released on Wednesday, with the document revealing a delay to the expected publication of a final version.