Carbon Pulse

California compliance-grade offset issuance over the last three weeks fell to almost 45% below January’s distribution, with units offering direct environmental benefits (DEBs) to the state also trailing the prior month, according to data published by state regulator ARB on Wednesday.

Oregon’s Clean Fuels Program (OCFP) generated a record-high volume of credits for the second consecutive quarter, growing the programme’s credit bank amid cratering secondary market prices, according to state data published Tuesday.

A climate solutions company specialising in technology to cut methane emissions and deliver affordable zero-emissions hydrogen has closed on a $10 million investment to further develop its offering.

A carbon capture technology company is looking to raise capital via a private placement of shares to fund expansion into the US and develop its technology further.  

The Article 6.4 Supervisory Body, mandated to shape the rules governing carbon crediting under the Paris Agreement, will come together to discuss several procedural mechanisms and the role of a centralised registry at the end of February, as observers noted with surprise a developed appendix dedicated to REDD+ activities in one of the draft documents published ahead of the meeting.

Fossil fuel companies should be held accountable for their contribution to inflation, and kept at arm's length from policy making, just like tobacco lobbyists, according to groups heard on Wednesday by the European Parliament's Petition committee.

The European Commission is "not too worried" about the tumbling price of carbon allowances, Kurt Vandenberghe, director-general of DG CLIMA, told a virtual event on Wednesday.

A New Mexico bill to implement a clean fuel standard by mandating a reduction in transportation fuel carbon intensity (CI) passed the legislature on Tuesday and now awaits approval by the governor.

Members of the joint European Parliament committees for the Internal Market and for the Environment adopted on Wednesday new rules regulating the use of carbon credits by EU companies.

A Montreal-based carbon removal project developer announced partnering with another European direct air capture (DAC) company on Wednesday, to pilot new carbon removals technology in Canada.

Reaching net zero emissions by 2050 means that no new unabated coal plants should be built and no new long lead-time conventional oil and gas projects are needed, the International Energy Agency’s 31 member countries said on Wednesday.

As much as 75% of habitats in the Americas are under protected, falling below the Convention on Biological Diversity's (CBD) target of 30% preservation due to monitoring flaws, researchers have found.

A US-headquartered food and beverage company has become the first firm to secure financing from Banco do Brasil as part of a newly-announced programme aimed at advancing the export chain of nature-friendly, low-carbon products from Brazil.

By 2050, some 10-47% of the Amazon rainforest will be threatened by increased disturbances, endangering adjacent forests through meteorological feedback loops and risking permanent degradation, according to a study published Wednesday.

The UK’s North Sea Transition Authority (NSTA) on Wednesday opened a consultation looking at the kind of carbon storage information that should be made publicly available and on what timescales, in a move that it says will support project planning and decision-making.

A tool for guiding landowners on how to improve biodiversity on their property has attracted significant interest from potential customers, beyond those involved in the UK biodiversity net gain scheme, an executive has said.

A developer of gas-fired power plants able to capture CO2 from the combustion process says that the premium cost of the facilities will be offset by the sale of CO2 for industrial applications.

European carbon prices rallied in Wednesday morning trade as the weekly position data from the two main exchanges showed speculative participants had increased their net short position to a new record, triggering a squeeze on short-positioned participants, while a well-known fund manager said prices could fall as much as 35% below current levels.

Companies worldwide set a new record in publicly announced solar and wind energy contracts in 2023, driven by improving economics in key regions like Europe and imminent company clean energy goals, according to BloombergNEF (BNEF). 

The world’s first climate-focused guarantee company is looking to transform the perception that green investments in the developing world are risky - by encouraging the international private sector to jump in, and helping domestic borrowers secure better financing.