British forest carbon data startup secures $12 mln in Series A funding

Published 17:53 on April 25, 2024  /  Last updated at 17:53 on April 25, 2024  / Nick Ferris /  EMEA, International, Nature-based, Voluntary

A British forest carbon startup has raised $12 million in Series A funding, just seven months after it announced funding of $2.2 mln at pre-seed level.

Read More

US EPA finalises pollution limits for fossil-fuel power plants, important role for CCS

Published 17:32 on April 25, 2024  /  Last updated at 17:32 on April 25, 2024  / Graham Gibson /  Americas, US, Voluntary

The US Environmental Protection Agency (EPA) on Thursday finalised a suite of standards for new and existing fossil-fuel power plants to reduce 90% of their emissions, which also envision an important role for carbon capture and storage (CCS).

Read More

Euro Markets: EUA prices jump in afternoon gas-driven surge on reports of European LNG transit ban

Published 17:26 on April 25, 2024  /  Last updated at 17:27 on April 25, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

Trading in European carbon allowances sparked into life in the afternoon as EUA and gas prices spiked on reports that the EU may propose a ban on transshipment of Russian LNG, after the morning has seen prices move in a relatively narrow range on lower than normal volume.

Read More

Biodiversity Pulse: Thursday April 25, 2024

Published 16:51 on April 25, 2024  /  Last updated at 16:51 on April 25, 2024  / Carbon Pulse /  Biodiversity, Newsletters

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Read More

Only five local authorities in England prepared for biodiversity net gain agreements -law firm

Published 16:26 on April 25, 2024  /  Last updated at 16:26 on April 25, 2024  / Thomas Cox /  Biodiversity, EMEA

Just five local authorities in England out of the over 300 assessed are sufficiently prepared to enable the creation of conservation agreements for developers to meet biodiversity net gain (BNG) requirements, with delays likely, a law firm has said.

Read More

Veteran carbon, energy sales trader moves on from Canadian bank after 15 years

Published 16:16 on April 25, 2024  /  Last updated at 16:16 on April 25, 2024  /  Americas, Bavardage, Canada, US

A veteran carbon and energy sales trader has left one of Canada’s big banks after more than 15 years of service, Carbon Pulse has learned.

Read More

INTERVIEW: Strong social return on investment boosts REDD project in Tanzania 

Published 16:00 on April 25, 2024  /  Last updated at 16:00 on April 25, 2024  / Bryony Collins /  Africa, Americas, Asia Pacific, International, Nature-based, Voluntary

A REDD developer in Tanzania is seeking to boost the selling power of its avoided deforestation projects by assessing the social impact of investment.

Read More

Drax refinances as it waits on government subsidies for BECCS plant

Published 15:56 on April 25, 2024  /  Last updated at 15:56 on April 25, 2024  / Paddy Gourlay /  EMEA, International, US, Voluntary

UK energy company Drax Group has completed a major refinancing plan to extend operations beyond 2027 as it waits on the government to decide on extra subsidies to retrofit its biomass plant with carbon capture technology, it announced Thursday.

Read More

EU Parliament gives blessing to ETS-funded Net-Zero Industry Act

Published 15:28 on April 25, 2024  /  Last updated at 15:28 on April 25, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

The European Parliament gave its blessing on Thursday to plans aimed at producing 40% of the bloc’s annual needs for net-zero technologies domestically by 2030, thanks to funds partially coming from emissions trading revenues.

Read More

NA100 launches benchmark with 50 metrics on corporate nature progress

Published 14:31 on April 25, 2024  /  Last updated at 14:31 on April 25, 2024  / Thomas Cox /  Biodiversity, International

A set of 50 metrics for investors to measure corporate progress on biodiversity action has been released by Nature Action 100 (NA100) in its benchmark.

Read More