Carbon Pulse

Aviation industry representatives believe the provisional deal reached overnight between EU legislators on the sector uptake of sustainable aviation fuels (SAF) is achievable, with the legislation key to kickstarting the decarbonisation of the sector among other measures including the EU ETS.

Liberating trees from woody vines, or lianas, is a cost-effective "climate no-brainer" that enhances the economic value of managed forests while helping to fight climate change, according to new research, which estimated that the practice could help remove 800 million tonnes of CO2 from the atmosphere over 30 years.

Pesticide use is still widespread in Europe and on the rise in some countries, and EU lawmakers must do much more if the bloc is to meet its targets on hazardous pesticides that damage ecosystems and public health, the European Environment Agency (EEA) said Wednesday.

South Korea has cancelled plans to auction off a combined 3.7 million CO2 permits before the June 30 annual compliance deadline due to low allowance prices and poor market liquidity.

New Zealand must find a way for its emissions trading scheme to rely less on forestry credits if the market is to drive sufficient carbon reductions elsewhere in the economy to meet national climate goals, the independent Climate Change Commission said Wednesday.

Spanish utility Iberdrola posted a strong rebound in hydro output during the first quarter of the year in a signal that reservoir stocks in Iberia have recovered despite ongoing drought-like conditions, also reducing the firm's ETS-covered fossil power generation as a result.

A carbon removals venture has announced the advance purchase of nearly 200,000 tonnes from a portfolio of direct air capture, biochar, and biomass projects, aiming to hit 1 Mt in forward deals by 2025 at "an average target price" of $200 per tonne, it said in a release Wednesday.

The United Nations Development Programme (UNDP) is in discussions with four Asian countries over issuance of bonds that could generate as much as $200 million to help support tiger ecosystem protection, with successful activities then to be monetised by the sale of "high integrity biodiversity credits", a member of the organisation working on the project confirmed to Carbon Pulse.

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

EU household heating bills could be 20% lighter compared to a business as usual scenario in 2030, according to a cross-stakeholder-commissioned study published on Wednesday that examines the consequences of the bloc achieving its energy security ambitions set out in its REPowerEU strategy. 

The Washington Department of Ecology (ECY) on Monday said it will distribute over 40 million free allowances to electrical utilities between 2023 and 2025 to mitigate the compliance cost exposure from the cap-and-trade system, while final allowance totals are still to be determined for 2026.

Some 20 producers and importers of gasoline and diesel are among the transportation fuel suppliers initially registered under Canada’s impending Clean Fuel Regulations (CFR), according to government data published Tuesday.

A carbon accounting platform for supply chains is set for quick expansion after raising $10 million in series A funding, it announced Tuesday.

The EU is advancing on incentivising and regulating carbon removals as part of its efforts to reach net zero emissions by mid-century, an NGO said on Tuesday as it unveiled its policy tracker tool, adding a warning that the lack of coordinated vision and uneven efforts could jeopardise progress.

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The slump in REDD avoided deforestation prices triggered a flurry of trades on Tuesday for older vintages of some well-known projects in the sector, brokers reported.

A US-based carbon offset firm has secured a $5 million investment, it announced Tuesday, bringing it closer to its fundraising goal.

The EU’s carbon border adjustment mechanism (CBAM) will have a disproportionate effect on low- and middle-income countries, according to a study published this week that supports the argument for revenues collected at the border to be recycled back to vulnerable trading partners.

The Irish minister for agriculture has called for the rewetting of peatlands to be included in the European Commission's definition of carbon farming, during a meeting in Luxembourg on Tuesday.

A legislative vote is slated to take place in Ecuador in the coming weeks, with the potential to greenlight carbon market development in the heavily-forested South American country after years of inactivity.