Carbon Pulse

Regulated entities dropped their holdings of California Carbon Allowances (CCAs) as speculators recorded the largest net increase in holdings since last February, while no reporting of Washington Carbon Allowances (WCAs) took place for the third consecutive week.

A Washington Senate Committee heard feedback on legislation facilitating linkage of the state’s cap-and-invest programme with the California-Quebec carbon market on Friday, with pushback from stakeholders on electricity importer amendments, allowance purchase limit changes, and stricter rules on offsets.

Entities regulated under Canada's Clean Fuel Regulation (CFR) are well positioned to comply with the 2023 annual carbon intensity (CI) reduction requirements for the first compliance period, considering a likely excess supply of credits, a government executive told conference participants on Friday.

Farmers in a region of southeastern Brazil achieved the harvest of coffee that results in the sequestration of more CO2 than it produces via the employment of organic farming techniques, according to a study from a Brazilian NGO.

Argentina's new president Javier Milei promised free-market economic reforms but now looks to implement a national ETS while expanding the nation's voluntary carbon market, also proposing administrative restructuring that could impact the direction of national climate policy despite retaining core civil servants.

The so-far tiny blue carbon sector has one of the highest integrity scores in the voluntary carbon market but the market is struggling to expand because of barriers to entry, finds a rating agency.

Oil major Shell has retired more than a million credits this week that were generated from a discredited UN rice farming methodology deactivated by certifier Verra last March amid integrity concerns.

Conservation South Africa is seeking a motivated and technically savvy individual to fill the role of Climate and Land Use Data Scientist supporting the implementation of the Climate Positive Land Use Strategy in its Umzimvubu Demonstration Landscape. The successful candidate will mine, develop, analyse, and distribute detailed high-quality spatial planning and technical conservation information.

Conservation South Africa is seeking a dynamic and motivated individual to fill the role of Climate Positive Land Use Planning (CPLUS) Manager. The successful candidate will lead the implementation of CPLUS, a systematic approach to plan conservation activities at a scale that facilitates transformational landscape-level change.

UK-headquartered conservation company Environment Bank has engaged with numerous managers of sites globally that could become its next biodiversity credit venture, an executive has said.

A developer of nature-based carbon removal credits is taking a strategic approach to selling its credits by approaching “industry influencers” willing to support the development of high-quality carbon projects, in a bid to generate momentum around removals and lay the seeds for mass-market adoption.

A team of scientists in South Dakota found naturally occurring microbes that consume and convert CO2 into solid rock, the research lab announced earlier this week.

After French President Emmanuel Macron nominated his thirty-four-year-old disciple and enfant prodige Gabriel Attal as the nation's new prime minister this week, the new cabinet announced on Friday featured no dedicated minister in charge of energy and appeared to be a marked shift to the political right.

The owner of Turkey’s largest steel plants will invest $3.2 billion to reduce their emissions 25% by 2030, the company announced this week, while the country gears up for its own decarbonisation mechanism with plans to introduce an ETS in the second half of 2024.

Carbon prices in Europe were little changed on Friday morning amid growing geopolitical concerns and firmer energy markets, as the EU ETS geared up for the resumption of daily allowance auctions from next week.

Scientists have found a way to convert CO2 into carbon nanofibers - materials with a wide range of unique properties and many potential long-term uses - in a process they said could be used for offsetting or carbon removals (CDR).

A major agricultural commodities trader will work closely with an environmental NGO to encourage the take-up of regenerative agriculture practices in key supply chains while also conserving vital habitats for the preservation of biodiversity and climate change mitigation.

Social and political disparities in biodiversity data may significantly impact global conservation efforts and investments in biodiversity-related initiatives worth billions of dollars, researchers said in a recent paper published in the journal Science.

The EU should capture as much 450 million tonnes of CO2 a year by 2050 to meet its net zero emissions target, according to a leaked draft of the European Commission's upcoming industrial carbon management strategy seen by Bloomberg, with the final text due to be officially presented in February.

Allowances in the Chinese carbon market dropped slightly over the past week amid sluggish demand, as the near-term outlook remains blurry due to the lack of policy updates.