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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-06-05 21:12
European carbon prices were modestly weaker at the end of Wednesday morning after earlier volatility had seen the market swing in a more than €2 range, as traders reacted to choppy natural gas movements and Commitment of Traders data that showed investment funds had increased their bearish bets last week.
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BRIEFING: In Argentine carbon markets, Milei’s vision of constructive chaos meets real-world limits

Carbon Pulse - Wed, 2024-06-05 21:04
Argentina's President Javier Milei has proposed an ETS and promoted administrative reshuffling, including of climate-adjacent agencies, as part of his government’s attempt to overhaul the country's economy, but pushback to his flagship legislation, acute financial constraints, and risk aversion in the voluntary carbon market (VCM) threaten his plans.
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Group of African countries calls on SBTi to support corporate offsetting -Reuters

Carbon Pulse - Wed, 2024-06-05 20:59
A group of West African countries has appealed to the Science Based Targets initiative (SBTi) to include a provision for carbon offsetting within its net zero guidance to companies, saying that credit revenues are crucial to supporting communities and conservation efforts.
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China on track to beat green hydrogen production target -research

Carbon Pulse - Wed, 2024-06-05 20:10
China is on track to surpass its 2025 green hydrogen production target already this year, according to research released Wednesday.
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Verra inactivates ARR modules under REDD+ voluntary carbon methodology

Carbon Pulse - Wed, 2024-06-05 19:42
Verra has inactivated all afforestation, reforestation, and revegetation (ARR) modules under its VM0007 REDD+ methodology framework, it announced this week.
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Call for UK agency to regulate harmful chemicals

BBC - Wed, 2024-06-05 19:12
The Royal Society of Chemistry says the current regulation of chemicals is 'not fit for purpose'.
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Call for UK agency to regulate harmful chemicals

BBC - Wed, 2024-06-05 19:12
The Royal Society of Chemistry says the current regulation of chemicals is 'not fit for purpose'.
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Japanese partnership eyes renewable energy carbon credit push

Carbon Pulse - Wed, 2024-06-05 17:00
Two Japanese companies announced Wednesday they had joined in an alliance that will seek to generate carbon credits from renewable energy projects, including potentially under the Joint Crediting Mechanism (JCM).
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Thailand to impose carbon tax by 2025, official says

Carbon Pulse - Wed, 2024-06-05 16:46
The government of Thailand is planning to impose a carbon tax on the nation by 2025, the country’s Excise Department has told local media. 
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Report finds Australia well placed to drive the decarbonising of Asia-Pacific steel

Carbon Pulse - Wed, 2024-06-05 16:16
Australia could be a key intermediary in decarbonising the Asia Pacific’s iron and steelmaking processes, according to a BloombergNEF report released Wednesday, saying it would be more economically feasible compared to other methods being explored by itself and its trade partners.
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Santos just copped a large fine. What did the oil and gas company do?

The Conversation - Wed, 2024-06-05 16:13
Oil and gas company Santos has been fined millions for breaches of record-keeping. Here’s why Samantha Hepburn, Professor, Deakin Law School, Deakin University Licensed as Creative Commons – attribution, no derivatives.
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Stride of New Zealand: ancient ‘walking tree’ wins tree of the year

The Guardian - Wed, 2024-06-05 15:22

Named due to its resemblance to JRR Tolkien’s sentient tree-like Ents, the 32m tall rātā was the clear winner in the annual poll

A lone rātā that appears to be striding across the landscape has taken gold in New Zealand’s tree of the year competition.

The New Zealand Arboricultural Association – which runs the competition to celebrate New Zealand’s trees – said the “extraordinary” northern rātā had earned the name “The Walking Tree” because of its resemblance to one of JRR Tolkien’s sentient tree-like Ents.

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Canada extends conservation certificate pilot scheme

Carbon Pulse - Wed, 2024-06-05 14:38
Canada has announced it will extend to 2026 its Conservation Exchange Pilot programme, which allows companies to earn government-issued certificates for verified achievements in conservation projects they fund.
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WCI Markets: CCAs plunge to near March lows in four-day aggressive sell-off

Carbon Pulse - Wed, 2024-06-05 13:59
California Carbon Allowance (CCA) prices in the secondary market stumbled for the fourth consecutive day on Tuesday while recording large daily ICE volumes, with heightened options activity exacerbating the technical sell-off, market participants said.
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