Carbon Pulse

Underground coal mines are expected to bear the highest cost of emission reductions under the reformed Safeguard Mechanism, according to analysis, as the price of Australian Carbon Credit Units (ACCUs) fell further on Monday.

RepuTex is looking for a senior trading analyst to join our Melbourne based team to provide qualitative and quantitative analysis of the Australian carbon market.

Woodside Energy Group has doubled the amount of international credits it surrendered in the last financial year, according to a new report by the Clean Energy Regulator, as Australian companies saw mixed progress in meeting their climate and clean energy targets.

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

An Australian bank has made an equity investment in a local carbon and natural capital investor as part of a successful A$220 million ($147 mln) Series A capital raising, it announced Monday.

A Belarusian group, through former South African President Jacob Zuma, has donated 2 million questionable carbon credits towards Zimbabwe’s nascent emissions trading efforts.

Malawi has ordered a review of all carbon projects in the country, making it the latest African nation to seek more control and possibly a greater share of voluntary credit sale revenues.

Australia should cut GHG emissions by “well above 70%” by 2035 compared to 2005 levels, according to an industry body’s submission to the Climate Change Authority.

A trio of firms has announced a partnership to incorporate blockchain technology into efforts to develop a traceable method for carbon offsetting transactions within the maritime sector, bringing more integrity to the market.

A pioneering carbon removals firm is accelerating efforts to expand in the US.

Emitters entered an overall net long position in California Carbon Allowances (CCAs) for the first time since late February on a bullish outlook and a heat wave, emitters also extended their RGGI Allowance (RGA) net length, while financial entities added to current vintage holdings across both carbon markets, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Companies turning to insetting as a knee-jerk reaction to criticism about offsetting practices may not be pursuing an approach that is any more credible, a leading expert on carbon credit quality told a conference on Friday.

The WCI compliance instrument surplus bank continued to expand for the second consecutive quarter this year on larger offset issuances, while the cap-and-trade scheme’s allowance glut declined further despite subdued permit retirements over the three months, according to programme data published Friday.

Citigroup is considering investing some of its own money in carbon credits though would likely take a broader view than rival JP Morgan Chase’s approach, a conference heard on Friday from an executive at the US bank who viewed the voluntary carbon market’s current 'decline' as temporary.

The European Commission has missed an opportunity to engineer an international emission accounting standard in its draft implementing regulation for the EU’s carbon border adjustment mechanism (CBAM), a think-tank claimed this week.

Members of the UN body shaping the rules for crediting carbon projects under the Paris Agreement are to dive deeper into a crucial debate around aligning activity baselines with the ambition of the accord, according to documents published ahead of next week's meeting.

New Zealand is considering establishing a domestic voluntary biodiversity credit scheme to halt and reverse the decline in natural ecosystems, and on Friday launched a broad consultation process to help shape the design of the market, including its interaction with other policies, such as the country's carbon emissions trading scheme.

The European Commission on Friday launched a process for the EU to withdraw from the controversial Energy Charter Treaty due to the pact's incompatibility with the bloc’s climate law and policy, following unilateral exit moves from some states and pressure from lawmakers.

After more than six years of suspension, China on Friday released draft regulations for its domestic carbon offset market, proposing significantly tighter settings than in the previous version, though the fate of existing projects was not mentioned.

European carbon prices traded in their narrowest range for more than two years on Friday morning, as participation remained at a low ebb with many participants attending an industry event.