Carbon Pulse

An Australian carbon removal tech startup has raised A$10 million ($6.7 mln) in seed funding as it gears up to meet its target of capturing 1 billion tonnes of CO2 per year by 2032.

The Constitutional Court of Colombia on Monday decided its first-ever case on carbon credits, ruling that the developer, certifier, auditor, and consultant involved – as well as national authorities – had failed to act with due diligence to safeguard Indigenous rights.

Producers closed out of California Carbon Allowance short interest across futures contract expiry and ahead of ARB's ETS workshop this week, while traders built RGGI Allowance (RGA) length as prices stay elevated, according to weekly data from the US Commodity Futures Trading Commission (CFTC) delayed due to last week’s US holiday.

The WCI compliance instrument surplus continued to build in Q2 as the market marches forward towards the November deadline for true up obligations in the California-Quebec joint carbon market, government data published Friday showed.

RGGI Allowance (RGA) values over the past week reversed course from earlier records, but stayed well within the range set since early June, while an uptick in activity ahead of the US holiday boosted ICE volumes to the highest in a month.

Technical challenges associated with hydrogen use for clean electricity generation continue to hinder its potential in helping decarbonise the power sector, according to a recent study by a US environmental non-profit.

Canada’s province of Ontario has opened funding applications for large emitters wanting to implement emissions reduction projects under the recently launched Emissions Performance Program (EPP).

The lack of an existing precedent for carbon removals under the UN Clean Development Mechanism (CDM) is “a blessing and a curse”, said a member of the Paris Agreement's Article 6 Methodological Expert Panel during a webinar Monday, as market standards are yet to be developed under Article 6.

The shipping industry urgently needs universal standards for measuring methane emissions in order to encourage the use of technologies to cut emissions, an industry-led technical group said on Tuesday.

The usual slowdown of the summer holiday season has already arrived in the voluntary carbon market with few major shifts in price, aside from a jump in nature-based spot contracts, and generally weak trading activity this week.

Now on a weekly basis, Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 7, during which new players have emerged and are taking steps to scale their involvement in international markets, while mitigation schemes remain much the same in Colombia and Brazil.

The year 2025 will mark and inflection point in the way maritime companies account for their CO2 emissions, as shippers start realising the consequences of the sector’s inclusion in the EU’s Emissions Trading System (EU ETS), according to a French academic.

A biochar producer has demonstrated a 51% increase in soil carbon in field trials with low levels of biochar applied, and expects to open its second production facility in the next month, with sales of biochar removal credits to improve the affordability of biochar for farmers.

Sunday's voting result in France suggests an 'industrial green deal' may be just what the EU needs to create a successful political alliance in the aftermath of snap legislative elections called by President Emmanuel Macron.

Germany’s biggest flat steel manufacturer hopes to sign renewable hydrogen contracts from Q1 2025, for first deliveries in 2028 and 143,000 tonnes a year from 2029, according to its head of energy strategy.

A startup focused on exchange-traded voluntary carbon investment products has hired an Islamic finance professional two months after securing a fatwa establishing that the firm’s product complies with shariah, according to a press release issued Monday.

Suriname has completed draft national legislation to facilitate carbon trading under Article 6 of the Paris Agreement, according to local media.

Serbia could start supplying the EU with a stable stock of high-grade lithium within four years, helping the bloc produce enough electric vehicles and hit its climate targets, the managing director of Anglo-Australian miner Rio Tinto’s deposit in the country told Carbon Pulse.

The EU’s 35 billion cubic metres (bcm) a year target for biomethane in 2030 could deliver 50 million tonnes of negative emissions through carbon capture at the biogas-to-biomethane conversion stage alone, according to one of Europe’s large traders.

Planted mangrove forests can capture up to three-quarters of the carbon found in natural ones, according to a new paper, which could help better assess how many blue carbon credits can be issued from mangrove restoration projects.