Carbon Pulse

A group of climate activists has sued one of Australia’s biggest energy companies over what it claims to be greenwashing, as the firm offers “carbon neutral” electricity and gas to customers based on the purchase of carbon credits.

The price of Australian Carbon Credit Units (ACCUs) jumped 5% on Wednesday as traders were made to pay higher in order to unlock supply.

The head of a global climate investment and advisory firm has been appointed chair of Australia’s A$15 billion ($9.8 bln) National Reconstruction Fund.

Indonesia Investment Authority (INA) has partnered with a global climate change advisory and investment firm to explore nature-based solutions investment and strategic opportunities in the Southeast Asian country, they announced Wednesday.

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

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As part of this role, you’ll have a unique opportunity to contribute to the development of data and insights products at Abatable which will be used by market participants in the voluntary carbon markets (VCM). Those products include, but are not limited to, innovative pricing and policy-related products, as well as other demand-side and supply-side tools for the VCM.

As the first Carbon Strategy Advisor hire within Abatable's Business Development team, you will play a pivotal role in empowering impact-focused corporates to achieve their decarbonisation strategies by supporting the implementation of credible carbon projects.

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A number of Canadian organisations have urged Prime Minister Justin Trudeau’s government to develop a programme that guarantees revenues from carbon pricing as soon as possible to accelerate the country’s decarbonisation and global competitiveness for investment.

A cap-and-trade programme devised by Brazilian President Luiz Inacio Lula da Silva’s administration will feature design elements such as auctions and price stability mechanisms, as well as automatically allow UN offsetting methodologies to generate compliance credits under the regime, according to a draft proposal seen by Carbon Pulse.

A Toronto-headquartered voluntary carbon investor will develop its first nature-based removal credits through a reforestation project in India, the company announced Tuesday.

Three countries from the Global South will be chosen to take part and receive support in developing tools and guidance for integrating Article 6 emission trade approaches into their national climate strategies, according to a funding call issued on Monday.

California Low Carbon Fuel Standard (LCFS) credit values increased to nearly two-month highs in recent days as sellers disappeared and market participants prepared for the release of updated modelling inputs that will be used to evaluate strengthening the programme in a forthcoming rulemaking.

Experts have expressed uncertainty over the future use of Certified Emission Reductions (CERs) in the voluntary carbon market in the wake of a UN statement suggesting transactions of the Kyoto-era units will only be possible for a few more weeks.

Retirement of carbon credits from voluntary standards will hit a record high this year if past trends hold, according to forecast from an advisory group that also noted that the surplus of available credits will continue to build.

Three major corporations have partnered to reduce methane emissions from rice cultivation in India, aiming to cover around 25,000 hectares of land from this year.

European carbon prices gravitated back towards a key technical and psychological level on Tuesday morning, after having dipped below that marker in late trading on Monday, underlining the market's relative lack of liquidity and direction while traders awaited publication of updated position data.

Australia is lagging behind on regulation to control methane emissions from the fossil fuel sector, according to a report released Tuesday, as a conservation group has released footage that appears to show methane leaks across dozens of oil and gas facilities across the country.

Cosmetics firm L’Oreal has partnered with the Plastic Credit Exchange (PCX) to offset its entire annual plastic footprint in the Philippines, starting from this year.