Carbon Pulse

Chinese steel firms are making considerable investments in new coal-based steelmaking capacity, even though the sector continues to suffer from multiple issues including low profitability and overcapacity, a report has found.

California Low Carbon Fuel Standard net credits exceeded the 1 million mark for the fourth straight quarter during the January-March period, though the total additions to the programme's surplus bank slowed for the second three-month stretch in a row, according to state data published Monday.

RGGI Allowance (RGA) values kept up recent momentum to new register new year-to-date highs this week amid the latest spike in California Carbon Allowance (CCA) prices, while the first legal challenge to Virginia's planned cap-and-trade repeal regulation was announced Monday.

Benchmark California Carbon Allowance (CCA) prices on Monday traded at a record high for the third time in the past four sessions, as market participants pointed to the impact of state regulator ARB’s potential cap-and-trade allowance budget cuts and options volatility sellers raced to cover their deltas amid the rally.

Pervasive growth in retail consumers purchasing offsets to mitigate the environmental impact of their expenditures will drive voluntary carbon market growth to outsized proportions, a global consultancy outlined in its annual financial predictions on Monday.

Governments' recent declarations to exercise more control over carbon market activities in their jurisdictions are far less an example of “nationalisation risk” than a case of a maturing market where countries are making an understandable and arguably inevitable assertion of sovereignty over their natural resources, writes Verra's Robin Rix.

The prices of most standardised voluntary carbon market contracts fell over the past week with volume concentrated on project-specific nature-based projects, one exchange noted, as the market digested the publication of a much-awaited set of guidelines for carbon credit supply.

The Qatar-based Global Carbon Council (GCC) and Seoul-headquartered Climate Change Center (CCC) on Monday said they will form a partnership to promote voluntary carbon markets in their respective geographic areas.

The EU will commit €466 million to green initiatives in the Philippines and relaunch negotiations for a free trade agreement with the Southeast Asian country, the European Commission announced on Monday.

Taking Root is seeking a  Senior Product Manager to manage the ongoing development of Taking Root’s core technology product – our project-management mobile and web applications. Our mobile  and web applications work together to collect high-quality data and provide our reforestation partners user-friendly data analysis tools to improve their operations and sequester carbon more efficiently.

Verra’s SD VISta Nature Framework and biodiversity methodology will provide an overarching global framework for projects to meet, complemented by localised modules based on biomes or eco-regions, and may also incorporate the issue of biodiversity significance.

A carbon credit rating agency has teamed up with an environmental intelligence company to deploy satellite technology for monitoring carbon stocks in the Amazon.

The UK government will provide financial backing to the nation’s third and fourth CCS projects, Prime Minister Rishi Sunak said on Monday while announcing plans for more than 100 oil and gas licences that he insisted were compatible with the nation’s binding 2050 net zero emissions target.

Environmental products developer IncubEx and commodity trading platform Nodal Exchange next month will launch the first-ever futures contracts for Washington Clean Fuels Program (WCFP) credits, as well as vintage-specific offerings of their existing Washington Carbon Allowance (WCA) products.

The biodiversity credit protocol expected to be launched by Plan Vivo later this year will strive to offer an approach with scientific credibility that is also accessible to communities and can be rolled out at scale, heard a recent conference on nature-based solutions.

The European Commission has published a proposal for the bloc’s revised EU ETS auctioning regulation that features updated annual volumes to be auctioned for the REPowerEU energy security strategy, with some analysts saying the volume is higher than expected and therefore could be bearish for carbon prices.

European carbon prices extended their weakness for a second day on Monday amid mounting selling pressure even as the market prepared for the annual cut in auction supply during August, while energy prices were mixed as gas recovered from a technical sell-off last week.

The Program Manager – Carbon Sequestration will initiate a program of work aimed at the delivery of our carbon sequestration offset program across the region.

This role will be responsible for enabling the realisation of Origin's carbon solutions strategy of project development by closing the gaps in strategic positioning, community acceptance, industry development and regulatory frameworks

The Senior Policy Officer will join a team of policy analysts providing high quality advice on how Victoria can successfully transition to net zero emissions.