Carbon Pulse

Quebec is aiming to finalise its draft forestry protocol for private lands this spring, after the coronavirus pandemic and other priorities delayed the process for much of 2020, a government spokesperson told Carbon Pulse.

A US federal judge sentenced on Tuesday two Georgia men that orchestrated a WCI-linked carbon credit scandal, defrauding individuals from more than $1 million in the process.

The EU's emissions trading registry will be temporarily suspended on May 3 for technical maintenance and a software upgrade, the European Commission announced Wednesday.

Renewable energy-sourced green hydrogen will cost less than CCS-powered blue hydrogen by 2030, while also becoming competitive with natural gas by the same year, analysts said Wednesday. 

A savanna burning project in Western Australia earned more than 50,000 carbon credits in the Clean Energy Regulator’s latest issuance round, while voluntary cancellations continue to post strong year-on-year gains but with a strong focus on international units.

Australian carbon offset prices could double by 2030 if the government decides to set a net zero emissions target, though increasing expectations that companies cut their own GHG output rather than relying on carbon credits could dent demand, analysts said Wednesday.

Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORY EUAs soar to new record above €44 on supportive auction, wider markets EUAs jumped to a new all-time high on Tuesday, with strong auction demand and gains in wider markets providing […]

Utilities and airlines accounted for more than 80% of the record drop in verified EU ETS emissions in 2020, according to near complete data published by the European Commission on Tuesday.

WCI emitters shifted nearly 50 million allowances into compliance accounts over the first quarter of the year as they prepare for the linked cap-and-trade programme’s full true-up deadline this fall, according to programme data published Tuesday.

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EUAs jumped to a new all-time high on Tuesday, with strong auction demand and gains in wider markets providing fresh impetus for carbon to surpass the previous record set last month.

California Low Carbon Fuel Standard (LCFS) credit values sank on Tuesday as bearish pressure manifested across the curve, pushing prices closer to levels not seen since the early days of the COVID-19 outbreak.

The Northeast US RGGI cap-and-trade programme will offer nearly 23 million allowances at its June auction, with the quarterly volume declining slightly after the recent finalisation of the 2021-25 surplus bank adjustment, according to an auction notice posted Tuesday.

Beleaguered UK-based Liberty Steel faces paying more than €100 million to buy enough EU carbon allowances to cover its 2020 compliance, the FT reported on Tuesday, citing anonymous sources.

South Korean allowance prices have plummeted almost 15% so far this month amid a large oversupply for 2020, even though analysts now say the permit surplus won't be as large as previously expected.

The New Zealand EPA is looking for a Senior Analyst to provide high quality multi-disciplinary analysis, advisory and implementation services that support the business as usual operations and change initiatives relating to the Emissions Trading Scheme and the New Zealand Emission Trading Register.

Voluntary emission reduction (VER) prices largely continued their downward trend this week on lower activity, even as data showed voluntary carbon market (VCM) issuances and retirements surged in the first quarter of the year compared to 2020.

Green group The Nature Conservancy (TNC) is undertaking an internal review of its improved forest management (IFM) carbon offset protocols in response to questions of environmental integrity, but a project developer is defending the stringency of the underlying methodologies.