Carbon Pulse

The Zero Emission Maritime Buyers Alliance, a group within the maritime sector, said Wednesday it has launched its first zero-emission shipping tender, with Amazon and Electrolux among those on board.

The European Parliament approved a new law on Wednesday that will mean 70% of jet fuel used at EU airports will have to be green by 2050.

A leading British shipbroker has teamed up with a carbon trading house to provide access to the EU ETS for shipowners, as Europe’s market prepares to expand to cover shipping from next year.

A global challenge presents a global opportunity, according to venture capitalists (VC) from Silicon Valley to Singapore who see biodiversity companies as a new attractive area for investments, including one announced on Wednesday that will solely invest in biodiversity-related companies.

Corporate climate goal assessor the Science Based Targets initiative (SBTi) said Wednesday it plans to increase its capacity to meet demand as a growing number of companies worldwide sign up to its net zero pathway.

A Switzerland-based international NGO has stressed the importance of insurers in incentivising biodiversity loss, calling on them to integrate biodiversity risk properly within their business activities.

The Queensland state government in Australia on Wednesday said it will fund better uptake of Accounting for Nature’s environmental accounting framework to provide stakeholders with better tools to measure the environment.

European carbon prices were slightly stronger at midday on Wednesday as traders shrugged off data showing that investment funds had increased their bearish bets for a third week, accumulating the largest total short position in nearly two years, while UK Allowances fell to a new record low in early trade.

A New Zealand-based company on Wednesday announced it has launched biodiversity action credits tied to the conservation of two species of bird around the Southern Lakes Sanctuary on the country’s South Island, to add to its existing offerings.

Hong Kong Exchanges and Clearing (HKEX)  has reached a carbon credit deal with a natural resources company with a significant presence in the Philippines, it announced Wednesday.

South Korea’s latest monthly CO2 auction for the current compliance cycle sold only around 30% of the permits on offer Wednesday, as market sentiment remained lukewarm despite the government's proposed policy change to revitalise the market.

Electric mines could decarbonise much of mining companies' Scope 1 and 2 emissions, while offering health benefits to workers no longer trapped underground with diesel fumes and particulate matter, and could be made more affordable through a price on carbon, a conference heard this week.

European Commission President Ursula von der Leyen confirmed her commitment to the European Green Deal on Wednesday in her last annual speech to the European Parliament before the EU elections next June, though her focus was less on climate action and more on the need to support European industry on their decarbonisation journeys.

A tech startup that offers an AI-powered measurement, reporting, and verification (MRV) service for forest conservation carbon projects, has announced Wednesday a $2.2 million pre-seed funding round.

The energy director of a giant Australian brickmaker would like to see Australian Carbon Credit Units (ACCUs) offered for far more biogas projects so large-scale users can better decarbonise via taking biogas from the nation’s network of pipelines.

A survey of over 200 companies released Wednesday showed that over half of the respondents believe Australia will need to buy carbon credits to meet its net zero goals and most of them have or will buy offsets themselves, as Australian Carbon Credit Units (ACCUs) rebounded over the past few days after a dip late last week.

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

The Washington state and Canadian governments are working to soon publish data regarding credit prices and generation data for their low-carbon fuel standard (LCFS) programmes, a conference heard Tuesday.

Researchers have uncovered vital data that underlines the crucial role of soil moisture conditions in determining the size and distribution of carbon stocks within boreal forests, which are home to a third of the world’s terrestrial carbon pool.

An official from California regulator ARB alluded on Tuesday to more stringent carbon intensity (CI) targets in its upcoming proposal for the Low Carbon Fuel Standard (LCFS) rulemaking package and forecasted the role of biomethane and credit pricing amidst the agency’s timeline for decision making.