Carbon Pulse

Chemicals firm Air Products has signed a deal with Vitol’s UK power generator VPI to develop the ‘H3’ Humber Hydrogen Hub, an 800 MW blue hydrogen production facility in Immingham.

Pennsylvania opened RGGI compliance accounts for regulated parties on Wednesday as the state entered the regional power sector cap-and-trade programme on July 1, according to CO2 Allowance Tracking System (COATS) data.

The risks of non-additionality of conservatively-issued High Forest, Low Deforestation carbon credits pale in comparison to the risks of losing the world’s remaining expanses of intact forests, argues the board of ART TREES crediting programme in response to recent views that such credits should not be allowed for use to offset emissions by airlines under CORSIA because they are not additional.

A lawsuit filed Wednesday by environmental groups against the Dutch subsidiary of Air France KLM over its ‘Fly Responsibly’ advertisement campaign could prove pertinent to other airlines' plans to offset emissions, or even to the sector's ambitions under the UN’s CORSIA offsetting scheme.

The European Commission has launched a call for experts in carbon removals to form part of an expert group to advise on policy initiatives and legislation concerning both nature-based and industrial removals.

The UK's energy security bill published Wednesday did not mention the country's 2024 coal phaseout date, despite the government in 2021 pledging to close all of its assets over the next two years.

Attractive margins, tight hydro supply, and weak nuclear output, sent European coal generation soaring over H1 2022, driving EU ETS power sector emissions 7% higher year-on-year, with analysts expecting full-year totals to surpass pre-pandemic levels as fundamentals favour burning the black stuff.

The director of nature-based solutions at Toronto-based carbon consultancy ClearBlue Markets is leaving after nine months on the job.

Exchange operator AirCarbon (ACX) on Wednesday announced plans to host an auction for its first VER issuance of a Brazil landfill VCM project.

The GER standardised voluntary carbon contract is being offered to individuals in smaller clips and initially at cost, its backers said on Wednesday, three weeks after launching to corporate buyers.

EUAs extended their recent losses after an early rally in Wednesday morning trading, as participation in the market continued to dwindle into the summer holiday season, while energy markets ended their recent rally as the outlook for gas supply improved after a Norwegian labour strike was ended.

The European Parliament endorsed on Wednesday controversial EU plans to label some nuclear and natural gas plants as climate-friendly investments.

Oil and gas major Shell has made a final investment decision to build what will be Europe’s largest green hydrogen plant once it becomes operational in 2025, the company announced on Wednesday.

A company that was forced to suspend trading and issuing a new voluntary carbon credit standard last week, just a day after launch, has now resumed service despite continuing to disregard additionality issues in its methodology.  

Japanese-owned forestry firm New Forests on Wednesday launched a programme that will utilise carbon markets and timber sales to incentivise farmers in Tasmania to grow trees.

As an increasing number of regional and local governments in China seeking to establish forest carbon projects, some districts are experiencing problems with scammers trying to reap the benefits.

New Zealand’s agriculture sector is on track to implement a basic independent carbon pricing system by 2025, however at this stage it is unclear if the government could actually manage such a scheme, according to the independent Climate Change Commission (CCC).

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

Voluntary cancellations of certified emissions reduction (CER) credits against Colombia's domestic carbon tax via the UN’s Clean Development Mechanism (CDM) have jumped this year, with the offsets cancelled over the last two years coming almost entirely from a handful of hydro projects.

A Munich-based startup that helps forestry owners develop carbon offset projects has raised $2.5 million in seed funding.