Carbon Pulse

A London-based AI chemical manufacturing firm has raised an undisclosed sum to accelerate research and development of climate technologies, including sustainable aviation fuel (SAF), solar cells, and carbon removal, the company announced Tuesday.

Mining has increased by 52% since the turn of the century due to surging demand for metals and minerals, exerting an outsized impact on tree cover loss in tropical primary rainforests and in Indigenous and local community territories, according to a new report by a non-profit.

Under $1 million in biodiversity credits have been purchased, despite surging supply, with the figure dwarfed by biodiversity offsets, BloombergNEF said on Tuesday in a report set to launch at conference COP16 this week.

A billion of hectares of land, bigger than the size of the US, is needed to meet the carbon removal (CDR) commitments by countries in Paris Agreement pledges, finds analysis.

European carbon allowances erased the last five days' losses after a steep mid-morning rally on Wednesday triggered by some closing out of short positions, as the weekly positions data showed investment funds had only marginally added to their bearish bets.

Commissioner-designate Wopke Hoekstra has sent responses in writing to EU lawmakers ahead of a confirmation hearing for his second term as the EU’s climate chief, shedding light on the bloc’s future climate priorities.

The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, which is supplied by revenues from the EU ETS.

Taiwan has stepped into a new era of carbon pricing as the government this week finalised long-awaited carbon levy rates for the island's major emitters.

The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.

The Indian government is open to bringing in more carbon removal technologies under its offset mechanism, an official told Carbon Pulse on the sidelines of an event Tuesday.

Farmers in England can more easily access tree-related grants and carbon credits through the use of an AI-powered tool, launched Wednesday.

Carbon insurance startups are primed to help ease any supply bottleneck of carbon credits eligible for use against the CORSIA international aviation offsetting scheme, even though it may take a long time before units are made available to buyers due to UN political risk requirements.

California’s Environmental Justice Advisory Committee (EJAC) has urged state regulator ARB to vote no on the proposed Low Carbon Fuel Standard (LCFS) revisions, citing concerns that the agency has completely disregarded their recommendations.

California regulator ARB has yet to acknowledge the likelihood that the Low Carbon Fuel Standard (LCFS) would raise retail gas prices in the upcoming years or consider the environmental implications of its support for biofuels, an analysis released this month said.

Leaders of countries most vulnerable to the impacts of climate change called on the International Monetary Fund (IMF) to reform its programmes to better support climate resilience and sustainable development during a panel Tuesday.

Inconsistencies in the verification of clean cookstove initiatives developed by C-Quest Capital, which saw its former executives charged with fraud earlier this month by US federal prosecutors, have sent shockwaves across the voluntary carbon market (VCM) ahead of crucial integrity decisions concerning this project type.

A group of 175 environmental groups from across the nation is urging the US Environmental Protection Agency (EPA) to cease issuing permits for new CO2 injection wells and stop the process nationwide following a leak discovered at an Illinois site.

An industry-led greenhouse gas accounting protocol for financial institutions, used by public sector and civil society decarbonisation standards, is expanding into the Middle East and North Africa, it announced on Wednesday.

A California-headquartered developer of modular onboard carbon capture and storage (CCS) for the shipping sector has a raised $9.5 million in new funding, according to a Tuesday press release.

The Obama administration's special envoy for climate said Tuesday that pinning down a number to succeed the existing $100 billion climate finance goal during the upcoming COP29 summit will be "very difficult to wrestle to the mat".