Carbon Pulse

The pipeline of global carbon capture, utilisation, and storage (CCUS) initiatives is growing rapidly, but the nascent industry is struggling to fully develop these projects, a representative from the International Energy Agency (IEA) said on Thursday. 

A British forest carbon startup has raised $12 million in Series A funding, just seven months after it announced funding of $2.2 mln at pre-seed level.

The US Environmental Protection Agency (EPA) on Thursday finalised a suite of standards for new and existing fossil-fuel power plants to reduce 90% of their emissions, which also envision an important role for carbon capture and storage (CCS).

Trading in European carbon allowances sparked into life in the afternoon as EUA and gas prices spiked on reports that the EU may propose a ban on transshipment of Russian LNG, after the morning has seen prices move in a relatively narrow range on lower than normal volume.

Just five local authorities in England out of the over 300 assessed are sufficiently prepared to enable the creation of conservation agreements for developers to meet biodiversity net gain (BNG) requirements, with delays likely, a law firm has said.

A veteran carbon and energy sales trader has left one of Canada’s big banks after more than 15 years of service, Carbon Pulse has learned.

A REDD developer in Tanzania is seeking to boost the selling power of its avoided deforestation projects by assessing the social impact of investment.

UK energy company Drax Group has completed a major refinancing plan to extend operations beyond 2027 as it waits on the government to decide on extra subsidies to retrofit its biomass plant with carbon capture technology, it announced Thursday.

The European Parliament gave its blessing on Thursday to plans aimed at producing 40% of the bloc's annual needs for net-zero technologies domestically by 2030, thanks to funds partially coming from emissions trading revenues.

A set of 50 metrics for investors to measure corporate progress on biodiversity action has been released by Nature Action 100 (NA100) in its benchmark.

Carbon removals based on nature-based solutions are generally preferred to engineered approaches amongst the general public in 22 countries, according to a study published on Wednesday.

The Saudi Arabian company set up to drive voluntary carbon market growth has selected Xpansiv, the owner of the CBL marketplace, to provide the technology infrastructure for its carbon credit exchange.

A Chennai-based developer is planning to invest $150 million in several carbon offset projects in India and Sri Lanka within the next 12-18 months, it announced at a conference this week.

A Singapore-based tech company has partnered with a Japanese biofuel developer to create agriculture-based carbon credits from sorghum production.

Clean heating should become a political priority for the next European legislative cycle, starting work next autumn, according to a report published on Thursday.

Indonesia has begun preparing its second Nationally Determined Contribution (NDC) to submit to UNFCCC, the government announced in a press conference this week, adding that it would seek to incorporate the marine sector, with a focus on managing coastal and marine ecosystems.

Climate experts are calling on Italy to support stronger commitments for renewables as G7 nations prepare to meet over the weekend to discuss climate action for the first time under the country's leadership.

An Atlanta-based agtech startup is seeking to generate voluntary carbon credits through indoor hydroponic vertical farming, with funding from a $5 million US Department of Agriculture (USDA) grant.

A Candian subsidiary of a UK insurance multinational has provided C$6 million ($4.4 mln) to a non-profit towards the development of nature-based carbon projects and conservation efforts, it announced Wednesday.

Long-term nature-related risks could cost the UK economy up to £70 billion – or 3% of GDP – by the late 2020s due to a slowdown in growth, the Green Finance Institute (GFI) found in a “first of its kind” research published Thursday.