Carbon Pulse

The Clean Energy Regulator has handed out just over 1 million Australian Carbon Credit Units (ACCUs) in its first issuance for 2024, as the government announced A$70 mln ($45.8 mln) in federal funding to develop the Bell Bay hydrogen hub in Northern Tasmania.

Regional collaboration on carbon capture and storage (CCS) got another boost this week as the Asia Natural Gas and Energy Association (ANGEA) and the Global CCS Institute signed an agreement focused on policy development and advocacy for CCS.

Dragging heavy fishing nets across the ocean floor was newly discovered to be a significant source of CO2 pollution in the atmosphere, to the extent that it could more than double the annual CO2 emissions of the entire global fishing fleet, according to a study published Thursday.

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

In two US Supreme Court cases whose outcomes could impact the enforcement of environmental law, justices are questioning the balance of power between the judiciary and executive branches in implementation of federal legislation.

Voluntary carbon market certifier BioCarbon Registry (BCR) has written a cease-and-desist letter to the Sri Lankan Climate Fund (SLCF) after learning that the government-backed programme was using its REDD+ methodology without permission to credit projects.

The peatlands finance industry should mature between 2030 and 2050, including investments in biodiversity credits bundled with water-related payments, a report has said.

A California-headquartered startup announced Wednesday a partnership with a Brazilian civil society organisation to bring carbon credits directly from Brazilian smallholder farmers to market.

Lawmakers from a central US state that previously prevailed in fossil fuel pipeline battles, introduced legislation to prohibit the transport and storage of carbon dioxide.

Australian oil and gas company and a US university have entered into a five-year partnership to reduce greenhouse gas emissions and advance low carbon solutions, the academic institution announced Wednesday.

More work is needed across all sectors to achieve the EU’s climate objectives out to 2050, including adjusting the ETS and making policies fully consistent with a fossil fuels phaseout, according to the board of scientists advising the bloc on climate change.

Conservation International recently established a system to track global impact. We are seeking a data expert to help (a) serve as a day-to-day technical project manager to ensure data collection, data management, and data quality control with our global program teams and subgranting units, (b) to run the quantitative analysis needed to measure our impact, under supervision and (c) to develop and implement new, forward-thinking approaches to meet institutional needs as our system advances.

EU ETS emissions in 2023 are likely to have fallen by around 23% in the power sector, and by around 5-6% in the industry sector, with the resulting weakness leaving the EUA price outlook for 2024 close to current depressed levels, according to a market analyst.

*PREMIUM LISTING - This role may be performed from anywhere with an internet connection. There is no requirement to attend a physical office. Staff members must be able to work with significant overlap with Eastern Time business hours. Applicants must be qualified US attorneys.

The RGGI states reduced allowance volumes offered at the first auction of 2024, following the departure of Virginia from the power sector cap-and-trade scheme at the end of December, a notice showed Tuesday.

The Strategy & Impact team at Conservation International is seeking a Manager of Strategy Development, Reporting, and Planning. Nested within CI’s Field Program unit, the Strategy & Impact team is tasked with the development, implementation, monitoring and evaluation of Conservation International’s institutional-level strategy. The Manager will assist in the refinement and downsizing of our institutional strategy and goals to the regional and country program level, as well as institutional planning and reporting efforts.

*PREMIUM LISTING - As we continue to grow, we are seeking a Manager, Integrated Marketing, to support all efforts related to marketing, advertising, creative, brand, reputation, and digital experience that contributes to our mission. Our commitment to integrity, collaboration, and measurable impact sets us apart in the nonprofit sector. Join us in making a positive impact on the world.

Sustainable agricultural practices focused on smallholder farmers can help produce more food while caring for the land, Kashim Shettima, the vice president of Nigeria said.

Carbon capture, utilisation, and storage (CCUS) projects stemming from exhaust streams of natural gas driven compressors will not be economically viable until higher carbon prices are realised in the US and Canada, although emerging technologies also show promise in reducing cost, according to a report published Wednesday.

A group of companies making up a third of the global mining and metals industry on Wednesday committed to taking actions that will halt their negative impact on biodiversity by 2030 and support a nature positive future.