Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 14 min ago
Norwegian parliament votes for opening up Arctic for deep sea mining, despite opposition
Norway has given the go-ahead to open up for deep sea mining in the Arctic region after a vote in parliament Tuesday, making it the first country to open up its seabed to the controversial activity.
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SK Market: Monthly KAU auction fails to sell out again amid permit oversupply
South Korea on Wednesday sold fewer than 50% of the allowances on offer in its monthly CO2 permit auction amid dwindling buy interest, with analysts expecting the carbon price to remain at relatively low levels this year due to a lasting oversupply.
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Report says small amount of ammonia hubs could drive shipping decarbonisation, despite toxicity
Green ammonia could supply a large amount of the world’s shipping fuel needs by 2050 at a cost of $2 trillion if 10 ‘hubs’ are created, according to a report released this week.
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Koko secures scalable debt facility linked to future credit cash flows
Carbon-financed clean cookstove provider Koko Networks has secured scalable, long-term debt from a commercial bank that recognises the value of the company’s future cash flows from carbon credit generation.
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Australia’s climate minister lashes opposition after MPs come out against setting 2035 NDC
Australia’s climate change and energy minister has called on the federal opposition to explain its climate policies and “stop the nonsense” following media reports that multiple Liberal and National MPs were opposed to Australia setting a 2035 emission reduction target.
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CP Daily: Tuesday January 9, 2024
A daily summary of our news plus bite-sized updates from around the world.
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Quebec firms partner to use DAC tech to store captured CO2 in abandoned mines
A Quebec-based carbon removal project developer has partnered with a local direct air capture (DAC) company as part of efforts to build a facility to remove hundreds of thousands of tonnes of CO2 from the atmosphere and store it in disused mines.
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US emissions monitoring tech firm eyes carbon market role despite Fonterra dropping out of pilot
A US tech company has developed monitoring equipment contributing to transport emissions cuts that it is seeking to deploy in global carbon markets, despite New Zealand dairy co-op Fonterra pulling out of a pilot with the firm due to delays.
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Washington Clean Fuel Standard credit surplus more than doubles in Q2
The Washington Clean Fuel Standard (CFS) generated a surplus of units in the scheme's second quarterly credit generation figures, stemming largely from ethanol, according to government data published Tuesday.
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Former California regulator comments on auto-acceleration mechanism, RNG in LCFS rulemaking
The former ARB branch chief responsible for overseeing the Low Carbon Fuel Standard (LCFS) commented on key features of the draft rulemaking in a webinar Tuesday, as the California regulator considers feedback to its proposed changes to the LCFS programme.
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Kenya-based DAC startup secures funding
A Kenya-based startup has secured significant funding for enhancing its direct air capture (DAC) technology.
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New York assemblywoman introduces counter proposal legislation for future cap-and-invest
A Democratic assemblywoman in New York's lower house has introduced legislation for an alternative proposal for the state's future cap-and-invest programme that entails stricter guidelines, following publication of a preliminary outline of the programme last month by state agencies.
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Formerly UK-based carbon capture startup closes £3.6-mln seed funding round led by Aramco VC arm
A formerly UK-based carbon capture and clean hydrogen startup has closed a £3.6-million seed funding found lead by Saudi Aramco’s venture capital arm.
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Argentine digital logistics platform to offset emissions via green bonds
An Argentine digital logistics platform that specialises in truck fleet management for the logistics industry has announced the launch of a programme to provide its customers with the chance to offset their greenhouse gas (GHG) emissions through green bonds free of charge, according to a LinkedIn post.
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Massachusetts allocates $50 mln in forest conservation funds
The state announced funding of $50 million to support Massachusetts’ mandated emissions reductions targets and forest conservation efforts after a committee report issued forest management recommendations.
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US agtech firm Indigo Ag names ex-Tyson Foods boss as new CEO
US-based agricultural technology firm Indigo Ag has a former executive of Tyson Foods as its new CEO.
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US science advocacy warns of overreliance on gas power plants
A US nonprofit group of nearly 250 science and policy experts released an issue brief on Tuesday cautioning against the country's "heavy" dependence on gas power plants given their lack of reliability under extreme weather conditions.
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War in Gaza generates more emissions in two months than 20 countries in a year -study
Emissions from the first 60 days of the war in Gaza were greater than the annual GHG output of 20 countries, according to a study published Tuesday.
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Argentina, conservation NGO launch software to record and promote reforestation
The Argentine government has launched software designed to document forested areas at a national level and aid reforestation efforts, a government agency announced on Tuesday.
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Conservation NGO managing 22 African parks turns to REDD carbon projects to boost finances
A conservation NGO, which estimates 3 billion tonnes of CO2 is being stored across the parks and protected areas it manages in Africa, has turned to developing REDD avoided deforestation projects to bolster finances.
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