Carbon Pulse

BeZero is looking for an Earth and / or Environmental scientist to join our carbon offsetting ratings team. We are looking for a candidate to bring further knowledge and rigour to building out this highly innovative and impactful product. The ideal candidate would have experience of the Voluntary Carbon Offset Market.

Pollination is looking for a Director to join our growing team. With specific focus on developing our advisory offering related to all aspects of the carbon market you will have deep expertise in this area to compliment the world leading expertise already in place at Pollination.

The European Commission will wait until later this year to decide the fate of natural gas and nuclear energy in the EU’s sustainable finance taxonomy, a communication released Wednesday confirmed, as the bloc’s 27 capitals and MEPs are split over the role of gas in the energy transition.

EUAs continued their record-busting run on Wednesday, climbing to within a cent of €46 amid what traders said was speculative buying and last-minute compliance demand and as negotiators agreed on the bloc's overall 2030 emissions target.

Australia on Wednesday announced A$540 million ($417 mln) in new funding for CCS and hydrogen technology, a move observers say likely means the government will make no new GHG target commitments at this week's global climate summit.

South Korean emissions allowances notched a fifth consecutive session of gains Wednesday, as the temporary price floor and fresh demand pushed prices to a two-week high.

EU decision-makers sealed early on Wednesday an agreement on the European Climate Law setting the bloc’s net zero objective by 2050 into law, while maintaining the 2030 climate ‘net’ target of at least 55% below 1990 levels.

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

Three indigenous organisations and nine REDD offset project developers have challenged Peru’s new forest emissions reference level (FREL), which they say reflects the preferences of donor nations and not realities on the ground in low-deforestation countries.

California gasoline consumption rose in February over the prior month as Governor Gavin Newsom eased COVID-19 restrictions, but demand continues to remain below pre-pandemic levels, according to federal data released Tuesday.

President Joe Biden’s administration intends to advance climate resiliency strategies across the federal government as the US is set to lay out a more ambitious Nationally Determined Contribution (NDC) to the Paris Agreement this week, panelists said Tuesday.

Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.

EUAs extended their all-time high on Tuesday, breaking above €45 for the first time ever as strong auction demand spurred bullish confidence despite warnings of a technical correction.

If the EU’s carbon market is to be expanded to road transport and buildings, it would take the shape of an “adjacent system, maybe with linkages” to the existing ETS that would be increased over time, a senior European Commission official said Tuesday.

California Low Carbon Fuel Standard (LCFS) credit prices fell back towards a year-low this week on thin demand, while more US fuel providers announced plans to build a renewable diesel (RD) plant that could supply the transportation sector programme.

Analysts at Refinitiv have upped their forecast for EUA prices this year as greater climate ambition at EU level, rising investor interest in the ETS, and other factors combine to translate into more demand for allowances.

New Zealand’s environment ministry on Tuesday launched its annual consultation on settings in its emissions trading scheme, and included proposals from the independent Climate Change Commission (CCC) that would see major increases in the price floor and ceiling at NZU auctions.

The EU carbon market’s supply-adjusting MSR intake rate would need to at least be maintained at its current 24% or even increased if the 27-nation bloc is to meet its 2030 emissions reduction target, an NGO-commissioned report released Tuesday found.

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

Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday.