Carbon Pulse

The US Department of Agriculture (USDA) announced funding for anaerobic digesters, a biomass plant, and an ethanol production project as part of a large $104 million package of clean energy awards to spur economic development in rural areas.

Most voluntary carbon market (VCM) investors are now only looking at projects expected to fit within regulated regimes, like CORSIA or Article 6, according to the head of a carbon project ratings agency.

The UK may use Article 6 credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country's lead Article 6 negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard Tuesday.

A US-based carbon credits standard has registered the first project under its biochar methodology, the company said in a press release.

Investors want detailed data and long-term investment strategies to navigate future carbon pricing scenarios, as they prepare to work in a context with fewer free allowances in compliance markets.

RGGI states will offer a similar volume of permits at their Q4 sale as the prior quarter, according to a Tuesday announcement, even as RGGI Allowance (RGA) prices in the secondary market have declined 27% since the September auction. 

The UK government is considering key reforms to the next renewables auction in 2025 including on reference price reform, longer contracts, and capacity targets, an official said on Tuesday.

Chile’s environment ministry aims to double the carbon tax liability ‘paid’ in carbon credits next year and businesses are on board, Carbon Pulse heard from an official at the Chile Carbon Summit in Santiago on Tuesday.

The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.

The English biodiversity net gain (BNG) small sites exemption should be expanded, as minor developers are disproportionately affected, a consultant told Carbon Pulse, contrasting calls to move in the opposite direction.

A UK shipping trade association is calling for a £700 million government investment in the country's upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.

An Amsterdam-based carbon removal accelerator has selected its first cohort of Indian climate startups to scale carbon removal solutions across the country, marking its entry into the Asian market, it announced at an event in Mumbai on Tuesday.

A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.

An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.

The government of Quebec, in Canada, has announced a C$922 million ($676 mln) action plan to advance nature protection and restoration across the province.

European carbon allowance prices came under renewed pressure on Tuesday morning amid continued gloomy macroeconomic and geopolitical sentiment, but found support above Monday's six-month low.

An industrial ceramics producer that is facing significant additional costs under the EU ETS if it doesn’t decarbonise fast enough views capturing carbon and converting it into useful products as vital to its continued business offering in Europe.

Two bioenergy carbon capture and storage (BECCS) projects have passed the 'deliverability assessment' as part of the UK government's HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.

A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.

Geopolitical risk must be put at the heart of government and business decisions for Europe to retain its climate leadership and succeed in bringing down emissions, a German climate, energy, and security expert told Carbon Pulse.