Carbon Pulse

Ministers from pro-nuclear EU countries are calling for an independent supply chain, as per a declaration signed on Tuesday in Paris, as governments seek to tap and invest in the energy source to bolster supply security and to help them meet their climate goals.

Fixing the status of legacy credits with over quantification issues to enable households to receive the benefits of clean cookstove projects, plugging potential leakage in REDD+ forestry offset programmes, and addressing methodology overlap that leads to double-counting can all help restore credibility of the voluntary carbon market (VCM), an expert told Carbon Pulse in an interview on Monday.

American multinational conglomerate 3M is collaborating with Canadian carbon capture experts Svante Technologies to develop materials designed to remove CO2 from the atmosphere, the firms announced Tuesday.

British multinational asset managers Schroders have launched carbon offset share classes to allow investors to counter the GHG output associated with their fund holdings.

A new wave of satellite sophistication is set to improve monitoring of REDD+ avoided deforestation projects with the upcoming launch of the VOLT mission, sponsored by the European Space Agency and the UK, claims a project developer.

Debate persists on whether biochar warrants recognition as a “permanent” carbon removal solution, with scientific estimates evolving on how long CO2 remains captured, and as a growing chorus calls for its rapid upscaling because of its economic and other benefits relative to several engineered alternatives.

Environmental products developer IncubEx and commodity trading platform Nodal Exchange this month will launch a California Carbon Offset (CCO) futures contract for credits that have direct environmental benefits to the state (DEBs).

UK-based United Utilities has announced it will spearhead an £8.9-million national programme aimed at integrating more nature-based solutions into the water sector.

European carbon prices were modestly firmer on Tuesday morning as the market anticipated the lack of auction supply for the rest of the week due to the fortnightly pause in Polish sales and public holidays in Germany.

Putting pricing incentives for reforestation and enlarging protection areas will not stop biodiversity decline and the ongoing loss of critical ecosystem functions unless they are accompanied by measures that also target managed landscapes, according to a new study published in a journal by the Potsdam Institute for Climate Impact Research (PIK).

The NZU price closed even lower on Tuesday as the market continues to backslide from a policy landscape of uncertainty that is weighing on the market.

A commercial director at Vertis Environmental finance has relocated to Singapore to head up an environmental trading desk.

The Australian state of Victoria on Tuesday pledged to cut its greenhouse gas emissions by 75-80% below 2005 levels by 2035, on the way to net zero emissions by 2045.

Commodity trader Pavilion Energy has received an LNG cargo paired with a statement of GHG emissions (SGE) from QatarEnergy at the Singapore import terminal, the first time the island nation has seen such a cargo, the company announced Tuesday.

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

Nigeria’s Nigeria Sovereign Investment Authority (NSIA) and the National Council on Climate Change (NCCC) on Monday signed an agreement to advance climate action in the country, including by establishing infrastructure for carbon pricing.

Australia will soon hold a consultation on offshore CCS acreage in the country’s waters, as its resources minister told an oil and gas conference Tuesday that the government supports the development of CCS, but without promising any direct financial support.

Climate Action Data Trust (CAD Trust) is recruiting a Community Manager to support the work of its recently established governing bodies. The candidate will report to the Executive Director. The Candidate will organise and lead the User Forum.

A Brazilian offset developer active in REDD+ projects has sold a minority stake in its company to Latin America's largest investment bank, the firms announced Monday.

A pair of Toronto-headquartered voluntary carbon credit financiers registered slimmer net losses over the first three months of the year when compared to the same period in 2022 as the firms’ revenue streams began to materialise, according to earnings reports published Monday.