Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 22 min ago
China updates emissions data reporting guidelines for ETS-regulated power plants
China’s environment ministry has circulated a set of updated management guidelines for emissions reports submitted by power generation facilities under the national ETS, asking regional authorities to enhance day-to-day monitoring of power companies' data reporting activities as regulators seek to avoid further carbon market data fraud.
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Major investor sets out biodiversity, climate expectations for portfolio firms
Aviva Investors has named nature loss and climate change as two of its three main focus areas for 2023, and has written a letter to the 1,600 companies it has invested in, outlining the actions it expects them to take on these issues.
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Australia’s Coalition party says will oppose Safeguard Mechanism legislation
Australia’s Coalition opposition party has formally agreed to oppose the government’s reformed Safeguard Mechanism policy, meaning Labor will be forced to seek crossbench support in the Senate to pass the legislation.
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Nature intelligence firm eyes expansion after closing 2.5-mln seed round
UK-based nature platform provider Natcap will seek to accelerate product development and commercialise its technologies after successfully closing a £2.5 million seed round.
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CP Daily: Monday February 6, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Indonesia partners with mining company to plant 30,000 mangroves seedlings
The Indonesian government recently partnered with a local mining company to plant 30,000 mangrove seedlings and releasing 20,000 clams in North Sumatra, as the government earmarked the region as an ideal area for mangrove restoration.
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California carbon market watchdog calls for greater clarity on post-2030 legal authority
California policymakers and lawmakers must provide greater certainty on their authority to implement the state’s WCI-linked cap-and-trade programme after 2030 in order to hit the state’s ambitious GHG reduction targets, a watchdog report said Friday.
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RGGI Market: RGA prices find support following slight annual emissions climb
RGGI Allowance (RGA) values rose slightly for the second consecutive week even as transacted volume cratered, with market experts pointing to elevated 2022 CO2 output as one of multiple possible drivers.
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Research finds California’s carbon market lowered air pollution disparities in study sample
California’s WCI-linked cap-and-trade programme reduced air pollution disparities between disadvantaged and other communities in a recent study covering 5% of the state’s reported emissions, potentially allaying concerns that market-based programmes present an equity-efficiency trade off, according to the findings of a new study.
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RFS Market: RINs sink to two-month low as waivers, credit generation weigh
US biofuel credit (RIN) values receded over the past week to levels not seen since December, as traders pointed to the lasting impact of a court ruling on Renewable Fuel Standard (RFS) compliance waivers and strong potential credit generation numbers in January.
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EU’s carbon border plans to increase recycling in the steel industry -study
The EU’s carbon border adjustment mechanism (CBAM) will help increase scrap recycling in steel production, according to a recently-published study, which noted that framing the border policy as a key ingredient to the circular economy has several benefits.
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Talks over EU renewables law break down in row over hydrogen
Negotiations to finalise the EU’s revised renewable energy directive (RED) were left in tatters on Monday as senior parliamentarians reacted angrily to the cancellation of the latest round of talks over a row about green hydrogen.
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VCM Report: Slump in standard N-GEO prices continues, but OTC REDD+ finds a floor
The slump in standardised nature-based offsets continued last week following the claims of widespread over-crediting in the REDD+ avoided deforestation sector, but there were signs that sought-after over-the-counter (OTC) credits may have found a floor.
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Polish coal power output to plummet by 2030s, say analysts
Coal is set to be pushed out of Poland's power mix by 2032 due to the falling cost of renewables and increasing carbon prices, analysts said in a report published on Monday that suggests Warsaw's current phaseout timelines will be undermined by market forces.
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Denmark greenlights its first CCS licenses in the North Sea
Three new licences for large-scale carbon capture and storage (CCS) got approval from Denmark to begin work in the country’s part of the North Sea, the government announced on Monday.
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Euro Markets: Midday update
EUA prices continued to strengthen by as much as 3% on Monday morning, with an extension of the recent short squeeze and supportive fundamentals driving prices back above €95.
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China weighs ETS interventions to ease pressure on emitters -analysts
China is considering introducing the opportunity to let coal-fired power plants covered by the national emissions trading scheme borrow permits from future years in order to ease the scheme’s short term cost impacts, according to analysts.
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Canada releases blueprint for MPA network, as Pew launches high seas protection tool
The governments of Canada and British Columbia along with 15 First Nations have released a blueprint for setting up a network of marine protected areas (MPAs) covering a third of the Northern Shelf Bioregion, as Pew Charitable Trusts published a mapping tool to help plan such MPA networks in international waters.
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European fund to finance Asia-Pacific marine protection projects
The Blue Action Fund, backed by four European governments, will channel €20 million to projects that support ecologically representative and well-connected systems of marine protected areas (MPAs) in the Asia-Pacific region, it announced over the weekend.
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NZ carbon trader launches parliamentary petition urging govt to heed CCC’s ETS advice
A New Zealand carbon trader has launched a parliamentary petition demanding the country’s House of Representatives urge the government to implement the ETS price settings recommended by the Climate Change Commission (CCC).
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