Carbon Pulse

Alterations to California’s Tropical Forest Standard (TFS) this summer did little to change supporters’ and opponents’ views of the possible precursor to jurisdictional REDD offsetting in domestic and international carbon markets, according to public comments released late last week.

Market participants largely see a bearish outcome for the upcoming RGGI Q3 auction due to weak quarterly emissions data, complementary state-led GHG-cutting efforts, and limited near-term mechanisms to tighten the Northeast US carbon market's supply-demand balance.

Australian government agencies are gearing up to try and stimulate increased supply of carbon credits, backed by a carbon industry that despite the relative lack of demand is concerned over its flagging ability to develop new offset projects.

EUAs fell to their lowest in 2.5 months early on Tuesday in a choppy market on high alert for Brexit developments and weighed down by bearish technical signals.

NZUs traded up to NZ$25 ($15.73) on Tuesday for the first time since late May as the bullish outlook from imminent regulatory changes outweighed restrictions from the fixed price option.

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

The Green Climate Fund (GCF) struck a deal late last week on how to refill its coffers, smoothing the path for the UN’s main climate finance instrument to continue channelling cash to poorer nations.

A large, successful Macro fund is looking to add a Carbon/ Climate Change Market Analyst to their team.

Lestari Capital’s diverse Project portfolio includes internationally certified initiatives on the forefront of tropical conservation, ecosystem restoration and community forestry.

European carbon prices fell more than a euro early on Monday as global markets buckled on economy worries as the US and China failed to pull back from imposing additional tariffs over the weekend.

The nearly 130 nations participating in China’s Belt and Road Initiative (BRI) could push Paris Agreement global warming targets out of reach unless mechanisms are put in place to ensure green finance is an integral part of the programme, a report said Monday.

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

One of the largest emitters in the EU ETS is likely to come under pressure to cut its normally round-the-clock operations after a German court ordered its neighbouring mine to close due to environmental concerns.

In order to prepare for the major planned expansion due to the implementation of ICAO’s CORSIA on a global basis, and to build up a team of professional auditors, Verifavia is recruiting aviation auditors for its Paris and Chandigarh offices. 

The Q3 WCI advance auction settlement has surprised market participants, who had anticipated the Vintage 2022 sale to clear closer to the current vintage auction price with stronger bids.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

EUAs lifted early on Friday amid a stronger energy complex and more bullish technical outlook, though carbon is on course to end the month almost 10% lower than where it began as higher auction supply looms.

World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.

Australia’s Clean Energy Regulator issued more than 730,000 carbon credits week, nearly seven times as many as the previous week as energy firm LMS applied for a large amount.

The trade war with the US and the general downturn in China’s economy is making it tougher for China to act on climate change, a senior government official said Friday, dodging questions from reporters on whether Beijing would respond to calls from the UN Secretary-General to raise ambition levels at a summit in New York next month.