Carbon Pulse

The Polygon blockchain has pledged to spend $20 million on climate-related issues this year to become carbon negative, including offsetting its own emissions and help boosting offsetting services on its network.

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

The US EPA will issue an emergency waiver to lift a summertime ban on the highest ethanol-content blend of 15% for gasoline, the White House announced on Tuesday, the administration's latest bid to save Americans money at the pump that raises questions about environmental and climate objectives.

The ETS is still seen by many as the cornerstone of the EU’s decarbonisation effort, though its latest reform has so far been overshadowed by other elements of the Fit for 55 climate package. But negotiating the package in silos will not be helpful in reaching an optimal solution, argue Andrei Marcu and Juan Lopez of think-tank ERCST.

A global governance framework is needed to build on the Global Methane Pledge outlined at the end of 2021, experts told a webinar on Tuesday, seeking to ensure that the targeted 30% cut in emissions from the gas by 2030 is achieved.

Five global companies announced plans on Tuesday to spend $925 million on engineered carbon removals credits through 2030, aiming to help scale nascent technologies.

A major environmental trading firm and sustainability services provider has set up shop in Singapore to expand its activities to the Asian markets.

A Canadian carbon removal technology company has signed a multi-million dollar carbon credit purchase agreement with two investors for the permanent storage of CO2 through a process known as carbon mineralisation, which stores carbon in solid form in concrete, it announced on Tuesday.

EUAs made modest gains on Tuesday morning amid light trading volume, as energy markets also rallied while participants remain unsure of the supply outlook amid the ongoing conflict in Ukraine.

Japanese energy firm Osaka Gas will partner with an Australian hydrogen and technology project developer to establish a 10 GW renewable hydrogen project in Australia’s Northern Territory (NT), it was announced on Tuesday.

Landholders who are stuck in long-term, inequitable contracts with Carbon Service Providers (CSPs)  should be able to exit their contracts without penalty, according to a submission to Australia’s Clean Energy Regulator (CER).

A major engineering company and Japanese tech firm Fujitsu are partnering to develop a blockchain-based platform for the creation and distribution of carbon credit tokens on a global scale.

Offset developer and consultancy South Pole is seeking to leverage digital technologies to engage more corporates on climate action, the company said on Tuesday after adding another minority investor to its equity pool amid a rapid expansion.

STX Group is looking for an originator of carbon offsets in the Asia-Pacific.

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

Analysts have nudged up their short- and medium-term EU carbon price forecasts despite the recent crash and ongoing geopolitical risk, while giving a bigger boost to their long-term outlook for EUAs due to more coal burn in Europe and increased policy certainty.

North American carbon credit developer Bluesource and precious metals and green royalty and streaming investment company Star Royalties have announced a fourfold expansion of their plans to generate millions of voluntary emissions reductions (VERs) from a regenerative agriculture programme.

Offset developer C-Quest Capital (CQC) has secured further investment to help scale its rollout of clean cookstoves across Sub-Saharan Africa, the company said on Monday.

Canada’s industrial carbon pricing regulation is increasingly coming under the public spotlight for its low carbon costs, putting additional pressure on the federal government to increase ambition as provinces push for equivalency status ahead of key elections.

French energy and climate policy faces an uncertain future as the country opted to elect either Emmanuel Macron or Marine Le Pen as its next president in a first vote on Sunday, with neither candidate seen as having put forward manifestos that align with international climate targets.