Carbon Pulse

An Indian renewable energy company has signed a $1 billion MoU to finance and develop energy transition projects both within India and globally.

A startup focused on exchange traded voluntary carbon investment products has secured a fatwa for a carbon credit asset class that it hopes will tap into the deep pockets of the Islamic finance market.

Swedish-Swiss drink packaging giant Tetra Pak has developed a reporting framework to track its progress towards nature targets with UK-based consultancy Biodiversify.

The UK’s local governments are anxiously looking to London to enact policies that could help to clean up household rubbish in the coming years, in the hopes of minimising hefty new carbon costs for waste incineration. 

European carbon prices appeared to be settling into a channel between €70-€75 on Wednesday morning as early selling drew out support at the lower end of the range, though an attempt to move higher also ran into resistance, while energy markets firmed slightly despite broadly stable fundamentals.

Marketplace ConnectGreen on Wednesday launched a platform for voluntary carbon credits with biodiversity co-benefits focused on smallholder projects in the Republic of Ireland.

A consortium of cement and lime producers together with an energy company are calling on the UK government to speed up routes to market for commercially mature carbon capture and storage (CCS) projects in order to unlock private investment and allow the country to meet its net zero target.

PepsiCo has teamed up with a Canadian conservation charity to provide financial incentives for producers committed to improving biodiversity on their lands.

With the Green Claims Directive, EU legislators seem to be mistakenly seeking to regulate the voluntary carbon market rather than laying down rules for companies to communicate their green credentials to consumers, according to a leading climate think tank.

Indonesia is expanding its carbon capture and storage (CCS) plans after its state oil company signed an agreement with US oil giant ExxonMobil and South Korea’s KNOC, while the former two also signed another agreement to develop a CCS ‘hub’ in the Sunda and Asri basins.

A large voluntary carbon credit issuing body has released a methodology crediting the electrification of energy supply for ships when shore-side or offshore, active from Wednesday.

A Japanese carbon project developer has partnered with a regional government-backed agricultural organisation to promote credit-generating rice projects, as it seeks to broaden its presence in Vietnam's voluntary market.

Voluntary carbon project developers are struggling to keep up with the rapidly changing landscape of new methodology updates and emerging government regulations in Asia, participants told a conference this week.

Malaysian oil and energy company Petronas intends to provide solutions to decarbonise hard-to-abate sectors and establish the Southeast Asian nation as the regional hub for carbon capture and storage (CCS), it told a conference this week.

Australia’s 2024 budget arrived late Tuesday delivering a A$9.3 billion ($6.1 bln) surplus and is spending big to drive mining and clean energy, but has been attacked for its lack of attention to the protection of nature despite cash of over A$300 million offered.

Oregon's Department of Environmental Quality (DEQ) must address existing ambiguity surrounding compliance instruments under the Climate Protection Program (CPP), including the use of offset projects, as well as a new emissions cap, an advisory committee told the agency Tuesday.

New Zealand on Wednesday released its annual consultation on five-yearly settings for its emissions trading scheme, adding options that would lower the NZU price floor at auctions and allow for a ballooned Cost Containment Reserve (CCR).

The EU has missed an opportunity to reduce carbon emissions and bolster domestic industries in Europe by failing to pursue a plan for green public procurement, according to a new report released on Wednesday.

A Czech project developer has signed contracts with Chilean farmers to develop tens of thousands of carbon credits from 5,000 hectares of land in 2025 via regenerative agriculture practices.

Demand for carbon credits deemed eligible under the UN’s CORSIA aviation offsetting scheme will exceed supply by the end of the decade in the absence of new offset sources, analysts predict.