Carbon Pulse

Researchers at the University of California found that US manufacturing of major materials – including cement, steel, and asphalt – produced $79 billion in externalised climate costs, with the authors recommending carbon pricing measures to better address emissions in a paper published Friday.

A new study published Friday identifies the specific US industrial processes that carbon capture and storage (CCS) deployment is best suited for, and those that are better left for other decarbonisation tools.

A consortium of two Mexican and European companies have received a €157 million ($170 mln) grant from the EU Innovation Fund to finance a carbon capture utilisation and storage (CCUS) project at a German cement plant, the companies announced Tuesday.

Conservation non-profits, investors, and offtakers alike must step outside their traditional ideologies if nature-based carbon removals (CDR) are to scale, according to the architects of a major CDR deal speaking at COP16 in Cali, Colombia on Friday.

A global increased push for wind energy has led to a rise in the illegal logging of balsa wood in Ecuador and Peru, resulting in deforestation and violation of Indigenous rights, according to a report published Wednesday by a London-based investigative non-profit.

Falling credit issuance and a bulging backlog of projects in the pipeline for processing and certification in the Verra registry has raised concerns about the standard body’s promise to speed up its service after releasing around a quarter of its staff, market participants told Carbon Pulse.

The main futures exchange that handles UK Allowances trade announced its auction programme for 2025 late on Friday, revealing a 19% drop in auction supply next year.

A California-based startup is offering the steel industry a new product that it claims can replace a common, but toxic, coating material while cutting manufacturing emissions.

A Toronto-headquartered carbon project financier announced Friday that it has received a second tranche of more than 1 million Article 6 authorised credits from its Rwandan cookstove project.

The overarching frameworks for carbon removals should be as inclusive as possible, even if governments choose to prioritise methods suited to their national circumstances, while different funding streams are needed to match different technology readiness levels (TRL), said experts on a webinar Thursday.

The Net Zero Industry Act (NZIA) and EU ETS combo could unlock European CCUS projects -- if public authorities step up to help derisk the value chain, for example through government guarantees.

Landmark policy announcements across markets including Singapore, India, and other countries have ensured a “big year” for Asian voluntary carbon markets, according to attendees at the IETA Asia Climate Summit, which took place this week in New Delhi.

Carbon project developer and biodiversity crediting entrant South Pole on Friday announced the launch of a restoration-focused ‘habitat bank’ in partnership with Colombian non-profit Salvamontes at COP16 in Cali.

An Oklahoma-based project developer has been issued nearly 1.9 million carbon credits for an orphan oil and gas wells plugging project in the US state.

A final agreement on the EU’s proposed Green Claims Directive is likely to be pushed back to next year, according to several European Parliament sources, a decision which voluntary carbon market participants say could extend current uncertainty in the market.

The board of the world’s largest dedicated climate fund, the Green Climate Fund, approved more than $1 billion in fresh funding at a meeting this week, it announced Friday.

A further 86 organisations have committed to report on their biodiversity impacts and dependencies under the Taskforce on Nature-related Financial Disclosures (TNFD), bringing the total to 502 adopters with $6.5 trillion in market capitalisation.

A global standard for biodiversity uplift has registered a first three restoration projects under its methodology.

Nearly halfway through its transitional phase, Europe’s Carbon Border Adjustment Mechanism (CBAM) has become a major driver of carbon market policy across Asia, attendees at an industry conference in New Delhi heard this week.

Danish steelmakers and other heavy industries exposed to international competition will benefit from a lower CO2 emissions tax regime under government plans to mitigate the risk of carbon leakage that received the green light from EU regulators on Friday.