Carbon Pulse

Opportunities to invest in technology-based carbon removals in the EU have improved in recent years, opening new pathways for the bloc's heavy industry, an IEA report released Thursday said.

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.

A senior cross-commodity analyst has left commodities trading firm Freepoint, Carbon Pulse has learned.

This new position will help shape a UK PACT intervention in Nigeria and will form part of the Climate and Energy Team at the British High Commission (BHC). It is an exciting opportunity to be at the heart of this evolving area of UK-Nigeria collaboration.

EUAs continued their volatile week on Thursday, bouncing back after a dive below €26 despite another dismal auction result and wider market weakness.

This position will lead our engagement on the interface between climate change and trade, the interagency climate change work programme, and provide input into our climate change policy.

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

Supreme Court oral arguments against the Canadian government’s ‘backstop’ carbon pricing system entered the second and final day on Wednesday, as Quebec contended the federal system threatens its ability to implement its WCI-linked ETS, while New Brunswick offered Ottawa’s response to the coronavirus pandemic as a better model of cooperative federalism.

California Carbon Offset (CCO) issuances hit a five-month high this week, boosted by two large forestry projects receiving more than 8 million credits, as the total number of credits distributed by state regulator to date ARB topped 200 mln.

Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects.

Ontario’s GHG emissions rose year-on-year in 2018 from specified sources as Premier Doug Ford yanked the province out of the WCI-linked ETS midway through the year, according to recent government data. 

An Oregon-based forestry project registered under California’s compliance offset programme appears to have been affected by devastating wildfires in the American West, potentially triggering the WCI-linked cap-and-trade scheme’s credit buffer pool.

California will require all new vehicles sold to be zero-emissions by 2035, a move that will slash the state’s GHG emissions by an estimated 35% over this period, according to an executive order signed by Governor Gavin Newsom (D) on Wednesday.

The European Commission is laying down the groundwork to propose a “robust” certification scheme incentivising farmers and foresters to cut GHG emissions, EU officials said on Wednesday.

The UN’s CORSIA international aviation offsetting mechanism will add just 17 euro cents to ticket prices for long-haul flights from the EU, according to an NGO-commissioned study published Tuesday.

Poland’s largest utility PGE must discuss the future of its Belchatow lignite power plant with environmental NGOs that want the facility shut down, a regional district court ruled on Wednesday.

We have a unique opportunity for a head of sales to join a young and progressive company based in Greenwich, London.

European carbon prices fell back on Wednesday, handing back much of the previous day’s gains as the market saw a heavy inflow of supply and technical signals remained bearish to maintain the wild volatility seen over the past month.

The proposed inclusion of carbon sinks under the EU's 2030 climate plans is unlikely to give emitters much wriggle room as the effect of Brexit and other shifts make the bloc's overall reduction goal harder to reach.

We are looking for someone to support business and public engagement focused on a long-term strategy for how the Government, working with other partners, can both communicate the Net Zero policy and drive meaningful behaviour change needed to meet our target.