Carbon Pulse

Japan will invest around $10 billion in efforts to reduce greenhouse gas emissions in South East Asia and help governments in the region design decarbonisation strategies, media reported Wednesday, citing government officials.

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

Russia is rolling out new domestic voluntary carbon offset rules and is considering extending its embryonic emissions trading scheme nationally in order to have its climate efforts recognised internationally, a high-level official said Tuesday, which should thereby spare the country from "unfriendly" protectionist actions such as EU border measures.

An industry group claimed Virginia’s revised RGGI regulation failed to adhere to enacting legislation in shifting to state-run auctions, while the finalised cap-and-trade rule should be stuck down as an illegal tax, according to a brief filed this week.

Voluntary emissions reduction (VER) prices are currently significantly undervalued, and must rise by several orders of magnitude in order to guarantee financial returns and ramp up climate ambition, the CEO of a private jet charter broker said Tuesday.

Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.

Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Thursday by the World Bank.

North Carolina’s Air Quality Committee (AQC) will consider a petition next month to join the RGGI cap-and-trade programme via regulatory channels, with green groups arguing the proposed rulemaking would help the state reach long-term climate goals.

The 27-nation EU’s heads of state and government on Tuesday failed to reach an agreement over the fate of national emissions reduction targets for sectors outside the bloc’s carbon market in a debate meant to provide guidance to the European Commission’s upcoming climate package.

EU carbon prices gained as much as a euro early Tuesday but fell back towards €52 following one of the weakest auctions of the year, while UK Allowance prices tested their recently record highs.

Responsible for delivering deal origination and execution, including agreements and complex structured transactions, providing deal assurance, driving new and existing business growth, leveraging BP's customer base, cross bench offerings and structured products, and building strategic relationships in support of these activities to maximise value.

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

Voluntary emissions reduction (VER) values increased this week amid reluctant sellers and a wider bullish trend in global carbon, while traders said voluntary carbon market (VCM) buyers continued to procure small volumes of compliance-grade credits generated through the California cap-and-trade programme.

A new non-profit organisation is aiming to reduce carbon emissions by investing in North American cap-and-trade programmes, with allowance revenues funnelled back into commercialising CO2 removal technologies.

California fuel consumption dropped year-on-year for the second consecutive month in February as the ongoing COVID-19 pandemic continued to cause a slump in Golden State demand, according to state data released Monday.

The Oregon Clean Fuels Program (OCFP) recorded a modest credit build during the final quarter of 2020 after registering a deficit in Q3, with renewable diesel (RD) and electric vehicles helping lead the rebound, new state data showed.

A Swiss non-profit has developed a method for standardising climate neutral commodity transactions, including setting vintage limits for the seven eligible offset standards.

EUAs lifted by more than a euro on Monday in quiet holiday trade, consolidating last week's volatile rebound as observers expected more sedate activity this week despite their overall bullish sentiment.

Australia’s Clean Energy Regulator has minted more than 1.1 million new carbon credits in its latest issuance round that included awarding nearly 500,000 to one energy company, while a much-awaited new draft version of an updated soil carbon method has been released for comments.

The Carbon Programs Manager is responsible for managing project teams, budgets, contracts and schedules to meet CO2 Australia’s contractual obligations.