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Washington releases Q1 auction volumes, reveals 2023 revenue from first year of cap-and-invest
Washington's Department of Ecology (ECY) presented the volume of current vintage allowances on offer for its first of the four quarterly Washington Carbon Allowances (WCA) auctions of the year, and also published revenue generated following the completion of the first year of the state's cap-and-trade scheme.
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WCI Markets: CCAs rally late in week, WCA sluggishness persists post holidays
California Carbon Allowances (CCAs) plateaued and dipped early during the week following the holiday season before rallying late to near-record highs, while Washington Carbon Allowances (WCAs) declined slightly as the market continues to largely languish in stagnation, market participants told Carbon Pulse.
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Canadian carbon credit financier to engage with 29 US municipalities on decarbonisation projects
A Vancouver-based carbon offset developer announced an agreement on Thursday with a US non-profit to assist municipalities in decarbonisation efforts while generating carbon credits in the process.
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Manager, Climate Aligned Industries, Carbon Dioxide Removal, RMI – US (Remote)
RMI is seeking a Manager to support our Carbon Dioxide Removal initiative. The Carbon Dioxide Removal (CDR) Initiative is focused on supporting the responsible and effective testing, development, and deployment of CDR techniques, through thought and action.
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Canadian offset financier prunes board in ongoing cost cuts
A Toronto-based voluntary carbon credit firm announced Thursday the reduction in the size of its Board of Directors as part of the firm’s cost cutting efforts.
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Washington extends date of third emergency rulemaking on carbon market allowance reserve auctions
The Washington Department of Ecology (ECY) announced Thursday that it was rolling forward its emergency rulemaking on the state’s Allowance Price Containment Reserve (APCR) sales ahead of the first auction notice for the year.
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US DOE offers $2.5 bln carbon management funding opportunities
The US Department of Energy (DOE) Office of Fossil Energy and Carbon Management (FECM) on Thursday released closing dates on available funding for carbon projects, with deadlines as early as Friday.
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*Director, Market Strategy & Engagement, Native – US (Remote)
*PREMIUM LISTING – Native, a PBC is seeking a Director focused on Market Strategy and Client Engagement. This position is a dynamic, exciting opportunity to significantly shape the trajectory of a market leading organization, and the success and sustainability of global climate actions through carbon projects.
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Become a beach scientist this summer and help monitor changing coastlines
With smartphones as commonplace as towels and sunscreen in the beach bag, why not add coastal data collection to your list of holiday activities this summer? Look for the CoastSnap camera cradles.
Mitchell Harley, Scientia Senior Lecturer, UNSW Sydney
Fred Chaaya, Project Engineer, UNSW Water Research Laboratory
Licensed as Creative Commons – attribution, no derivatives.
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German nEHS, EU ETS carbon permit sales hit record €18 bln in 2023
The German government offloaded a record 358 mln emissions certificates in 2023 under the country's domestic CO2 tax scheme for transportation and heating sectors (nEHS), helping it raise an eye-watering €18 billion from carbon permit sales.
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EU stakeholders divided over updated ETS free allocation rules
Stakeholders have mixed views about EU plans to make the bloc's dirtiest factories pay for more of their CO2 output by curbing their free allocation under the ETS, consultation responses showed on Thursday.
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French asset manager moves to exclude pesticide manufacturers
Paris-headquartered Ofi Invest Asset Management has announced it will exclude companies that produce pesticides, as part of its biocides and hazardous chemicals policy.
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Exchange-traded funds cut EUA holdings to lowest in 30 months amid price decline
Exchange-traded funds have cut their EUA positions to the lowest in nearly two and a half years after a six-month decline in allowance prices that has seen the benchmark front-December futures contract drop by more than 31%.
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German emissions fall to lowest level in 70 years on weak industrial output and coal demand slump -report
Germany’s GHG emissions fell to their lowest level in 70 years in 2023, driven by an unexpectedly sharp decline in coal use and a significant drop in output from energy-intensive industries, according to a German think tank, pointing to a bearish outlook ahead for EUAs if this trend continues in 2024.
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INTERVIEW: Forest carbon accelerator aims to emulate the mass momentum of Silicon Valley
A forest restoration accelerator will focus on scaling up seed bank networks to generate mass momentum behind the planting of native forests, in a drive to recreate the success of Silicon Valley startups among a new wave of entrepreneurs, and help scale carbon credit generation.
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Experts seek clear role for novel carbon removals in EU 2040 climate targets
Novel carbon dioxide removals techniques need to play a bigger role in the EU's climate policy, experts are insisting ahead of the release of the bloc's proposed 2040 emissions reduction target.
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UK needs to do more work to reach 30×30 nature goal, scientists say
The UK government must take further action to reach its target of conserving 30% of the country’s land and sea by 2030 (30x30), beyond its national guidance, a society of ecology-focused scientists has said.
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UK farmers say tighter environmental rules put them at risk of being undercut
Eco-friendly British produce could become unaffordable luxury if low quality imports still allowed, say farmers
Tightening environmental standards for British farmers while importing food produced to lower standards risks making eco-friendly food an unaffordable luxury item, farmers have said.
At the Oxford Farming Conference on Thursday, the environment secretary, Steve Barclay, announced that the government would consult on a new labelling scheme that would single out food produced to UK standards, allowing consumers to choose more environmentally friendly food.
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Euro Markets: Midday Update
European carbon prices were little changed at midday on Thursday, despite gaining nearly €1 earlier in the morning, as weekly data from the two main exchanges showed investment funds had reduced their net short position for a third successive week, while energy markets rose again on forecast colder temperatures.
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Portugal approves law to set up national voluntary carbon market
Portugal has ratified a law that establishes a national voluntary carbon market and the rules for its operation, which it hopes will help protect its forests and safeguard them from fires.
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