Carbon Pulse

RWE's fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.

An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.

A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.

An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.

A ratings agency has unveiled a new assessment tool to flag benefits and risks associated with voluntary carbon projects to investors.

Phasing out coal will be integral to the energy transition and Just Energy Transition Partnership’s (JETP) Southeast Asian members, but halting new coal construction in tandem with a renewable energy build-out will be more productive than a focus on shuttering existing coal plants, according to a journal article published this week.

Major Australian companies and industry groups are at odds over whether the government should pursue a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage, according to submissions under a government consultation.

A Tokyo-based direct air capture (DAC) startup has raised 250 million yen ($1.5 mln) in seed funding to complete the prototype of its DAC system and business expansion, the firm announced.

The World Economic Forum (WEF) and consultants McKinsey & Co have taken the lead in initiating a Frontrunners Coalition seeking to contribute to shaping the development of and building confidence in the emerging voluntary biodiversity credit market.

A carbon project developer and international financial advisory have teamed up to launch an early-stage funding facility to invest in nature-based solutions in the Amazon and Africa, they announced Tuesday.

A panel of judges from a US federal court denied a petition on Monday from a network of green groups against the US Nuclear Regulatory Commission’s (NRC) decision to grant an exemption to review California Diablo Canyon’s federal license renewal.

The Australian National Audit Office (ANAO) has found the Clean Energy Regulator’s (CER) supervision of the country’s carbon market to be “largely effective”, but noted opportunities to address weaknesses in its information systems used to administer the scheme.

Over two dozen local Mexican communities involved in the forestry voluntary carbon market (VCM) sent a letter Wednesday decrying a government proposal that would regulate VCM activities in the latest episode of a regulatory saga begun early this year.

California Low Carbon Fuel Standard's (LCFS) cumulative surplus bank once again soared to new heights as net credits for the last quarter of 2023 rose to record levels, according to state data published Tuesday.

A major carbon dioxide removals (CDR) buyer has outlined how private sector CDR claims can coexist with national emissions accounting, as the firm continues its efforts to scale the nascent market.

The US Department of Commerce released Tuesday a handbook intended to guide emerging economies in developing and implementing frameworks to catalyse investment into carbon capture, utilisation, and storage (CCUS) projects worldwide.

Ineffective management and incomplete data collection in Canada’s Net Zero Accelerator Initiative cost taxpayers upwards of C$523 ($380) per tonne of emissions reductions, while only two of the country's large emitters have committed to the programme, according to the Office of the Auditor General.

A British Columbia-based carbon consultancy nearly quadrupled its net loss in fiscal year 2023 due to increased expenses related to expanding its offset portfolio.

The Voluntary Carbon Market Integrity Initiative (VCMI), in collaboration with the Yucatan government and global advisory firm Climate Focus, has announced a new partnership to establish best practice guidelines for voluntary carbon market (VCM) projects in the Mexican state.

The African Union Development Agency is looking for a consultancy service to develop an optimum standard for voluntary carbon offsets in Africa, to be labelled the ‘African Gold Standard’.