Carbon Pulse

Small industrial emitters falling under the “other” sectors covered by the EU’s Emissions Trading System for road transport and heating fuels, ETS2, are typically German installations burning fossil gas in plants of less than 20 megawatts, analysts say.

New emissions data from Australia’s climate change department shows emissions in its largest resources export state rose over the previous year by 9 million tonnes of CO2-e but those in its largest coal mining state have dropped significantly every year for five consecutive years.

One of the world's largest steelmakers has teamed up with government agencies to increase carbon sequestration and protect marine ecosystems in South Korea, using steel by-products to help cultivate seaweeds.

The production of energy-intensive green steel, chemicals, and hydrogen is likely to migrate from countries with limited renewables resources to those with abundant supply over the next two decades — but that does not have to result in a deindustrialisation for those that lose the operations, according to a study published on Wednesday. 

The Australian state of Victoria is committing A$3.8 million ($2.5 mln) to develop tools and guidelines for renewable energy project developers to avoid harming local biodiversity, it announced Wednesday.

Australia's Woodside Energy saw its climate action plan rejected by shareholders at its annual general meeting in Perth on Wednesday with nearly 60% of investors voting against it, while the chairman suffered one of the largest shareholder revolts recorded for an ASX50 company in recent years.

A Thai state-owned bank has signed a Memorandum of Understanding (MoU) with a Bangkok-based climate consultancy to support domestic businesses and farmers in meeting their decarbonisation goals through trading of carbon credits and renewable energy certificates (RECs), it said in a statement.

A carbon dioxide removal (CDR) venture has made an advanced purchase of CDRs from mineralised CO2 in demolished concrete from multiple projects across Europe, it announced Tuesday.

Japan has opened the door to the use of international credits from carbon dioxide removal (CDR) projects in its domestic carbon market, though market response might be tepid due to the entry threshold and the limited scope of eligible projects.

WCI traders’ expectations for more clarifications on cap adjustment details, cost containment changes, and allowance allocation considerations from ARB at Tuesday’s workshop failed to materialise, resulting in volatile price action in the secondary market.

Rabobank and Plan Vivo have pushed back against reporting by investigative journalism outlet Follow the Money (FTM), which revealed that Cote d’Ivoire had asked the Dutch bank to suspend its carbon credit origination activities in the country’s Nawa region over double counting fears.

Canada’s British Columbia has updated its offset regulation and published its second forest carbon offset protocol (FCOP 2.0), which mandates First Nations’ engagement across all projects and stipulates measures that could see fewer credits awarded to project developers in the event of a reversal.

The Australian government has provided A$330 mln ($214 mln) in grant funding to heavy industrial facilities across the country to reduce their CO2 emissions by 830,000 tonnes per year, it announced Wednesday.

Major US corporations are backing a campaign against a voter initiative in Washington that seeks to overturn the state’s cap-and-trade programme, with some $11 million mobilised by the time it launched last week.

Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.

Advancing enhanced rock weathering (ERW) as a CO2 removal solution will require addressing MRV challenges and higher policy support, especially in Europe, members of a recently formed industry alliance said Tuesday.

G20 countries must lead the way in "dramatically" accelerating the fossil fuels phase-out, providing certainty and predictability to markets, and boosting climate action support for poorer countries, the UN secretary general said in a speech on Tuesday.

Despite a historically large number of retirements in the voluntary carbon market in Q1 2024, oversupply continues to balloon amid issuances rising at a faster clip, keeping credit prices at bay, analysts said Tuesday.

The African Natural Capital Alliance (ANCA) is spearheading efforts to establish a comprehensive nature data platform for the continent, in a bid to drive investment into nature-based solutions, an executive has said.

The future of a troubled REDD avoided deforestation project in Zimbabwe has been left in limbo six months after it was suspended from the Verra registry.