Swiss carbon removal project developer raises $69 mln to scale capacity

Published 07:01 on June 25, 2024  /  Last updated at 14:49 on June 24, 2024  / Roy Manuell /  EMEA, Voluntary

A Switzerland-based carbon removal and storage provider has raised $69 million in a funding round to bolster plans to ramp up capacity and expand in North America and Asia.

Read More

Australian regulator fines carbon developer hopeful over greenwashing allegations

Published 05:46 on June 25, 2024  /  Last updated at 05:46 on June 25, 2024  / Mark Tilly /  Asia Pacific, Australia, Other APAC, Voluntary

An Australian fertiliser company has been fined for greenwashing by the country’s market watchdog over claims it made regarding its aspirations to develop a reforestation carbon project in the Philippines.

Read More

Denmark rolls out major initiatives to cut agricultural carbon emissions, restore nature

Published 04:57 on June 25, 2024  /  Last updated at 04:57 on June 25, 2024  / Stian Reklev /  Biodiversity, Carbon Taxes, EMEA, International

The Danish government and leading industry, agriculture, and environmental groups have agreed a major strategy to cut carbon from agriculture and restore nature that includes a tax on livestock emissions, conversion of farmlands to forest, and biochar subsidies.

Read More

Korean tech firm, Japanese exchange operator partner to accelerate Asian voluntary carbon market

Published 04:00 on June 25, 2024  /  Last updated at 04:00 on June 25, 2024  / Chia-Erh Kuo /  Asia Pacific, Japan, South Korea, Voluntary

The tech arm of a South Korean conglomerate has partnered with a Japanese carbon exchange operator to drive expansion of voluntary carbon trading across Asia, they announced Tuesday.

Read More

CP Daily: Monday June 24, 2024

Published 02:44 on June 25, 2024  /  Last updated at 02:44 on June 25, 2024  / Carbon Pulse /  Newsletters

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

Read More

Washington’s cap-and-invest participation picks up in Q2

Published 02:27 on June 25, 2024  /  Last updated at 02:27 on June 25, 2024  / Bijeta Lamichhane /  Americas, US

The number of entities registered with active accounts in Washington’s cap-and-trade scheme increased in Q2 despite the looming possibility of a programme repeal.

Read More

Rio Tinto wants biofuels feedstock production to be eligible to earn ACCUs

Published 01:34 on June 25, 2024  /  Last updated at 01:34 on June 25, 2024  / Mark Tilly /  Asia Pacific, Australia

Australian miner Rio Tinto has urged the federal government to allow farming projects that grow feedstock for biofuels and renewable diesel to be able to earn Australian Carbon Credit Units (ACCUs).

Read More

Canada outlines CCUS investment tax credit guidance

Published 00:04 on June 25, 2024  /  Last updated at 00:04 on June 25, 2024  / Joan Pinto /  Americas, Canada, Voluntary

The Government of Canada released guidance to implement a batch of clean economy tax credits, including a carbon capture, utilisation, and storage investment tax credit (CCUS ITC), as part of its fall economic statement provisions.

Read More

Voluntary carbon market to hit $100 bln by mid-2030s, driving environmental, economic, social benefits -ratings agency

Published 00:01 on June 25, 2024  /  Last updated at 19:34 on June 24, 2024  / Sara Stefanini /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

A $100 billion global voluntary carbon market would support sustainable development, reduce carbon, restore land equivalent to the size of Peru, and create millions of jobs – but work is needed to improve the market’s integrity and transparency, according to a study released on Tuesday.

Read More

Traders mostly shorten net length across North American carbon markets

Published 23:44 on June 24, 2024  /  Last updated at 23:44 on June 24, 2024  / Allison Gacad /  Americas, Canada, US

Covered entities widened RGGI allowance (RGA) net length while traders mainly reduced holdings across California Carbon Allowances (CCAs), with muted activity in Washington Carbon Allowances (WCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).

Read More