Carbon Pulse

A US-based oil and gas multinational announced Thursday it has won a lease for 271,000 acres (110,000 hectares) for an offshore CO2 storage site in Texas state waters in the Gulf of Mexico.

US-headquartered ExxonMobil is suing the Dutch government for its decision to accelerate the closure of Groningen, Europe's largest gas field, it announced this week.

The proposal to mandate a minimum 10% tree planting cover on farms in Wales under the Welsh government’s Sustainable Farming Scheme for carbon, biodiversity, and climate adaptation reasons is “the largest barrier” to entering the scheme as it currently stands, according to the sector’s trade union.

Germany’s main energy industry association has said the country should keep the price of its national heating and transport carbon system fixed until the new EU-wide heating and transport ETS kicks in in 2027 and skip the one-year trading phase.

A UK carbon capture firm will collaborate with an Indian steelmaker and a global mining company to speed up the deployment of carbon capture technology to decarbonise steel in India, it announced on Thursday.

The “dangerous illusion” of biodiversity offsets damages communities and ecosystems, as the value of nature cannot be numbered, said a report published on Thursday by a forest coalition.

Taxpayers in Europe risk having to foot a collective €140 billion bill for risky carbon capture and storage projects, as governments in the EU and the UK bet on CCS to reduce greenhouse gas emissions from hard-to-abate sectors, financial analysts have warned.

The UK government announced on Thursday a new “cap and floor” scheme to incentivise billions in private investment in long-duration energy storage (LDES) technologies to support renewable power integration and boost energy security.

The UN body mandated to determine rules governing the Paris Agreement's Article 6 opted early Thursday to bypass negotiators and bring its standards for carbon methodologies and removals into force - in a "risky" and "bold" move that was widely welcomed for its potential to drive agreement at next month's COP29, despite concerns about its long-term implications.

A Qatar-based organisation has selected a first Article 6 project for inclusion in an Internationally Transferred Mitigation Outcomes (ITMOs) auction on a blockchain platform, it announced Thursday.

Gold Standard plans to next year publish a methodology that will credit early coal plant decommissioning, a senior member of the organisation said on Thursday.

The decline in global wildlife populations accelerated between 2018 and 2020, according to a scientific assessment published on Thursday by the WWF, which warned that the world is fast approaching irreversible tipping points for nature and climate.

European carbon prices strengthened again tracking bullish gas prices as participants pointed to a return to correlation between the two markets on Thursday, as the benchmark EUA contract moved past key technical resistance levels.

Fifty-six member countries of the Commonwealth plan to make a joint declaration on ocean protection during the upcoming association's meeting in Samoa, the first ever hosted by a Pacific Island nation.

A UN-backed multi-donor coalition this week committed $2.5 billion over the next decade to support Cameroon in transitioning away from traditional land-use practices towards deforestation-free production models.

Bursa Malaysia, the Malaysian stock exchange, is pushing for a common carbon framework for the Association of Southeast Asian Nations (ASEAN) region, it announced Thursday.

Scaling the voluntary biodiversity credit market, including through establishing a global framework to ensure integrity, will be among the core topics of discussion at the upcoming COP16 in Colombia, as standards and early movers see the summit as an opportunity to unlock corporate demand.

The European Union’s 27 climate and environment ministers are set to adopt their negotiating mandate for the November UN climate summit in Baku, with only two final discussion points on the table, French officials have said.

A Japanese offset developer has secured partnerships with local partners to expand its presence in Thailand's voluntary carbon sector. 

The BIRA Coalition has announced it is forming a buyer’s club that aims to raise millions of dollars through nature credits generated by large-scale projects in Sub-Saharan African countries, Carbon Pulse has learned.