Carbon Pulse

The Norwegian government has announced plans to open up an area of over 280,000 sq. km for commercial seabed mineral activities, in spite of stern warnings from scientists and green groups of potential severe consequences for marine biodiversity.

The Australian government has committed A$30 million ($20 mln) in grant funding to ramp up domestic sustainable aviation fuel (SAF) production, and has launched an advisory council to help decarbonise the aviation sector, it announced Wednesday.

An Australian parliamentary inquiry has recommended the government ratify amendments to the London Protocol, which would allow companies to transport and store CO2 across international boundaries, a crucial regulatory milestone for CCS project developers.

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

The US Commodity Futures Trading Commission (CFTC) on Tuesday issued an alert to inform the public on how to report instances of fraud and manipulation in carbon markets, as the regulator asserts its authority to oversee the spot credits that inform environmental futures contracts.

California should take a larger role in engaging climate cooperation with subnational jurisdictions when it considers expanding agreements with its WCI-linked cap-and-trade programme, the state’s carbon market watchdog said Tuesday.

A US-based company on Tuesday announced a new blockchain-based marketplace for credits sourced from carbon capture, utilisation, and storage (CCUS) technology.

Washington state’s decision to only offer a fraction of its Allowance Price Containment Reserve (APCR) allowances at the mechanism's first sale in August will help maintain environmental integrity and provide compliance assurance in the cap-and-trade scheme, though an alternative process could better achieve these outcomes, experts told Carbon Pulse.

A business group representing Brazil's industrial sector presented a plan to the federal government on Tuesday for implementing a national cap-and-trade programme that could add 5% to the country's GDP, as President Luiz Inacio Lula da Silva’s administration reportedly is getting closer to introducing its own proposal for a regulated carbon market.

Businesses are increasingly aiming to incorporate Natural Climate Solutions (NCS) into their climate plans to fulfil their climate and nature commitments. Jennicca Gordon of the Natural Climate Solutions Alliance outlines how they can ensure the integrity of the credits they purchase and communicate their efforts effectively.

France will host an international summit later this week aiming to forge consensus on how to reshape the finance agenda, discussing the easing of debt burdens, new international taxes, and how best to channel greater flows to developing economies to speed the energy transition and help them to deal with the impacts of climate change.

Gucci has dropped its claim of becoming ‘entirely carbon neutral’ on its website alongside its policy of buying voluntary carbon credits amid a backlash against misleading environmental claims.

Eni has dismissed concerns of overcrediting at a REDD avoided deforestation project in Zambia in a robust response to an investigation by Italy's publicly-owned television broadcaster.

Ukraine's deputy minister for energy has underlined that the country will keep its commitment to phase out coal by 2035 and can become a European clean energy hub in spite of the war raging within its borders, speaking at a side event ahead of the Ukraine Recovery Conference in London this week.

German-headquartered European Energy Exchange (EEX) is set to acquire Nasdaq's European power trading and clearing business, which includes EU emissions trading operations, the companies announced Tuesday.

A UAE-based mangrove reforestation firm has announced a strategic partnership with a Saudi company to restore at least 5,000 hectares of mangrove forests in Saudi Arabia over the next three years.

The former boss of a Canadian-based voluntary carbon credit aggregator has been reappointed as the company's head after the new president and CEO stepped down just three weeks into the job.

The European Commission has abandoned the idea of creating a new EU Sovereignty Fund in favour of setting up a platform to support the bloc's leadership on critical technologies using only existing cash sources, the executive body announced on Tuesday.

RGGI Allowance (RGA) values languished through a narrow range as a lack of momentum pervaded the Northeast US power sector carbon market over the last five days.

The global tennis tour organisation, ATP, has launched an app which will allow professionals to track and then offset their travel emissions by purchasing carbon credits.