Carbon Pulse

Britain's independent climate change advisors have cited "a missed opportunity" after the government published a new climate goal delivery plan, the committee stating it was now even less confident in the country meeting its goals from 2030 onwards than one year ago.

Climate Investment Funds on Tuesday said it earmarked $40 million in grant financing that will allow Indigenous and local communities across the Global South to engage in natural climate solutions.

Microsoft over the past year ratcheted up its contracted volume of engineered carbon removal credits that will store GHGs for thousands of years, though still procured millions of tonnes of nature-based units with shorter permanence horizons, the tech giant said Tuesday.

A Texas-based sustainability technology firm on Tuesday announced a multi-year agreement to purchase carbon removal credits from a phytoplankton dispersal methodology.

Around half of the cuts in on-farm agricultural emissions required to maintain a 1.5C global temperature pathway are either cost-neutral or yield positive returns on investment, but major barriers are still hindering adoption amongst growers, according to a new study by a major consultancy.

The trial dates for a natural gas-fired power generator’s legal challenge to Washington cap-and-trade regulation were delayed by four months following an agreement between the disputing parties and the judge on Monday, allowing lawyers more time to review the case.

Early participants in the voluntary biodiversity credit market have welcomed the move by France and the UK to develop a global market framework, but stress the need for the government process to work with existing initiatives.

The US Commodity Futures Trading Commission (CFTC) on Tuesday announced it will host its second voluntary carbon markets (VCM) convening in July that may inform future guidance or interpretations related to the agency’s authority over the sector.

An agtech startup specialising in digital tools and technology-based strategies for sustainable farming in Eastern Europe has raised $5.5 million in a new funding round, the company announced on Tuesday.

A digital marketplace has launched a new service to seamlessly integrate carbon credits into a company’s products and services.

A US-based agtech firm has teamed up with an oil major to offer a “high-trust, low-cost” carbon measurement and verification system to help the farming sector improve its sustainability practices.

Indonesia’s deforestation rate fell 8.4% in 2021-22 and is now at its lowest levels in two decades, according to government data.

The UK’s construction industry should implement an internal carbon price and seek other emissions reduction measures instead of over-relying on offsetting to reach its climate action targets.

European carbon prices made laborious gains on Tuesday morning before falling back to stand only marginally higher at midday, as energy prices edged up as renewable generation was forecast to fall.

French energy major TotalEnergies and Japanese conglomerate Mitsui have teamed up with Malaysia's Petronas to develop a CCS supply chain in the Southeast Asian country, they announced Tuesday.

The governing body of the Global Environment Facility (GEF) has approved the spending of a record $1.4 billion on accelerating efforts to combat biodiversity loss, climate change, and pollution, while its ongoing meeting in Brasilia has also begun discussions on designing the Global Biodiversity Framework Fund.

The European Parliament’s environment committee (ENVI) rejected their amended text of the disputed nature restoration bill on Tuesday by the narrowest possible margin, passing the divisive legislation onto an uncertain development in the full assembly.

Singaporean financial entities have signed MoUs to supply foundational data to the recently established Net Zero Data Public Utility (NZDPU), they announced Tuesday.

China, the world’s largest hydrogen producer and consumer, should map out more strategies to support the development of green hydrogen given that its current hydrogen production is largely grey, according to the World Economic Forum (WEF).

The Australian government has opened up the next round of consultations on its proposed climate-related financial disclosure rules, which lays out the timeline of when the standards would be introduced and which entities it would apply to.