- Sat 09:32Qatar-based Global Carbon Council (GCC) will in July launch an interoperable and integrated carbon market and national registry infrastructure to speed up the implementation of Article 6.2 under the Paris Agreement, its chief operations officer told Carbon Pulse on Friday.
- Sat 03:14Carbon Pulse has made a string of new hires across Europe and Latin America that will add to its already industry-leading coverage of carbon and nature markets across the regions, as well as bolster its data journalism offering.
- Sat 02:30Dutch carbon project developer DGB Group reported a wider annual loss for 2024 and received a disclaimer of opinion from its auditor, raising concerns about financial governance even as the company marks progress in project validation and revenue generation.
- Fri 22:03A climate non-profit focused on decarbonising cookstoves is partnering with eight project developers to test-run a tool designed to ensure integrity in cookstove credits.
- Fri 17:54Startup accelerator - The EGG initiative, a public-private partnership between SK Innovation and the Korea Institute of Startup and Entrepreneurship Development, has selected 10 companies for its fifth accelerator programme. The initiative aims to support startups working on carbon reduction and environmental technologies. The selected companies are developing innovations in areas such as carbon capture, digital tracking of used cooking oil, and fire protection systems for energy storage.
- Fri 13:09The UN Global Compact (UNGC) has released a guide to mobilise and scale finance to support the transition towards a sustainable ocean economy, projected to reach $5.5 trillion by 2050.
- Fri 12:44Indonesia’s steel demand and capacity are expected to rise in coming years, but it plans to make the product in an emissions-free way to meet its net zero target, the chief of the nation’s steel association told a Singapore conference this week.
- Fri 12:40A UK-based registry has launched a standard for nature-based solutions that integrates offsetting, insetting and nature stewardship.
- Fri 12:34Incremental - Australia's emissions as of Dec. 2024 are estimated to be 446.4 MtCO2e, a 200,000 tCO2e year-on-year increase, according to data released by the government Friday. On a quarterly basis, emissions dropped 0.8% or 900,000 tCO2e as a result of emissions reduction in the electricity, fugitive emissions, and transport sectors. Preliminary estimates expect emissions to decrease by 1.2% YoY in the 12 months to Mar. 30, 2025, the reporting said, driven by emissions reductions in stationary energy, agriculture, industrial processes sectors, offsetting increases in the transport sector. The government noted Australia is 45% of the way through the Paris Agreement target period has generated emissions equivalent to 45% of the emissions budget to 2030.
- Fri 12:13Property rights are not sufficiently considered in biodiversity finance governance, despite determining who controls and benefits from these funds, a group of researchers said this week.
- Fri 09:34With government support, one of Japan’s leading steelmakers will transition three of its blast furnaces to a cleaner electric arc furnace (EAF) to reduce emissions in line with its carbon neutrality goals.
- Fri 08:49Researchers from Melbourne’s Monash University have looked at the interplay between the production of ‘green’ hydrogen and the large Australian electrical grid that will power this in terms of both Australia’s Guarantee of Origin (GO) scheme, and other green hydrogen certifications potential offtakers will look at.
- Fri 07:48JCM subsidies – Japan’s environment ministry has picked two small projects in Indonesia to award upfront funding for development under the JCM, it announced Friday. Under the arrangement, Japan provides early finance against a share of the credits that will be generated. The latest decision involves a 2.7-MW photovoltaic power system in a steel wire factory that can generate nearly 2,200 credits per year, involving Tokyo Century Co., and an 0.7-MW rooftop solar power system for an auto parts factory in Bekasi province. The latter will be carried out by Kansai Electric Power Co., and is set to cut emissions by 545 tonnes of CO2e annually.
- Fri 07:30Industry lobbying efforts have deliberately sought to weaken South Korean’s emissions trading scheme by demanding overly generous free allocation volumes to high emitting sectors, among other issues, according to analysis.
- Fri 05:38Companies subject to Singapore's carbon tax will be allowed to carry over unused international carbon credit (ICC) allowances into 2025, as authorities acknowledge supply constraints in the carbon offset market that have left firms struggling to source eligible credits.
- Fri 05:37In talks - Pakistan this week held talks with the Asian Development Bank (ADB) in an effort to tap into global carbon markets to spur economic growth, it said in a press release. Federal Minister for Climate Change and Environmental Coordination, Musadik Malik, met with ADB’s Senior Director for Climate Change and Sustainable Development, Toru Kubo, in Islamabad to explore joint efforts on climate finance, carbon credit mobilisation, and a new national climate strategy. The two sides agreed to develop a climate framework with a focus on market-based solutions, including outcomes based project implementation and climate finance. Earlier this month, Pakistan said it will start charging a carbon levy on petrol, diesel, and fuel oil from July, as part of a broader economic package backed by the International Monetary Fund.
- Fri 04:18Big bucks - Saudi Arabia’s utility ACWA Power has signed a series of agreements worth $10 bln with Malaysian entities to jointly develop renewable energy and water projects, marking its expansion into Southeast Asia. The deals, announced during the ASEAN-GCC Summit, include a memorandum with government investment authority MIDA to explore up to 12.5 GW of power generation by 2040. ACWA Power also inked joint development pacts with TNB, Terengganu, and UEM Lestra for floating solar, gas turbine and desalination projects. The Malaysian state of Sarawak recently announced a sustainability blueprint to achieve net zero status by 2050, and said it is developing a carbon plan.
- Fri 01:40The Victorian state government’s guide for renewable energy project developers to limit their impacts on biodiversity took effect on Thursday, the government announced.
- Fri 01:31RJ Reynolds Vapor Company and its parent British American Tobacco (BAT) are facing a proposed class action lawsuit in California alleging they misled consumers by falsely claiming that their Vuse vape products are carbon neutral by using offsets tied to questionable forestry projects.
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