Carbon Pulse

Australia on Wednesday opened a review of the method that allow land-owners to earn carbon credits for avoided deforestation, an approach that has previously come under fire for lacking integrity but from which the government has contracted to buy some 26 million offsets.

Korean CO2 permits rose again in Wednesday trade to equal Monday’s record high closing price, but today’s KAU auction cleared at 2.6% below secondary market prices.

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

China and Russia have blasted the ICAO’s CORSIA aviation offsetting mechanism as unfairly burdening emerging economies, setting up a testing triennial Assembly of the UN aviation body that also threatens the EU's inclusion of flights in its carbon market.

Oregon Democrats intend to finalise revisions to their WCI-modelled ETS proposal for the 2020 legislative session by Thanksgiving (Nov. 28), while also engaging with Washington lawmakers who are hoping to enact their own cap-and-trade scheme.

European carbon prices surged on Tuesday along with wider energy prices on news that some of France’s nuclear fleet risks closure due to substandard components.

Incoming European Commission President Ursula von der Leyen has appointed Frans Timmermans as one of three deputies and tasked the former Dutch foreign minister to deliver on her “European Green Deal” while overseeing commissioners for agriculture, health, transport, energy, cohesion and reforms, and environment and oceans.

South Korean carbon allowances fell back slightly on Tuesday after starting the week at record highs, but demand remains strong as the clock ticks towards the annual compliance deadline at the end of the month.

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

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

International communities could struggle to meet the criteria set by California’s proposed Tropical Forest Standard (TFS), but the adoption of the policy may incentivise them to begin addressing deforestation, according to experts.

The surrendering of Colombian offsets to comply with the country’s carbon tax has slowed this year due to an extreme supply squeeze and administrative delays.

This position will lead the firm's investment team and act as the portfolio manager for the first and prospectively subsequent funds.

RGGI compliance entities significantly increased their holdings on the secondary market prior to the September auction, while they also added length at the quarterly sale amid expectations prices will rise in the future, traders said.

A Paris court has upheld the sentences of two men jailed for defrauding the French government out of €146 million via the EU ETS.

The private sector has limited access to a slowly emerging international carbon market as governments are likely to take another two years to finalise its rules, experts said on Monday.

European carbon prices firmed on Monday, though sellers kept them based near €25 amid a sharp increase in auction supply and wider political and macroeconomic worries.

Growing at around 30% annually, China’s data centers have emerged as a major source of greenhouse gas emissions that should be encouraged to invest in renewables or buy credits from the nation’s renewable energy certificate market, according to a report published Monday.

South Korean carbon allowances traded at their highest-ever levels on Monday as buyers were forced to pay more for the few permits available with only three weeks left until the annual compliance deadline.

The Policy Officer Climate Change will be responsible for research and analysis and the provision of advice to executive management and Ministers on policy, regulatory and legislative issues, particularly around climate change, facing Victoria's agricultural industries.