Carbon Pulse

A treaty promising to plant 100 million native trees across southern and southeastern Brazil and create a self-regulatory carbon market, potentially with sectoral emissions limits, was signed by seven states at an annual meeting in Sao Paulo on Saturday.

RGGI Allowances (RGAs) climbed upwards following a period of market stagnation as the benchmark contract neared a record high, although market participants did not anticipate prices surpassing the impending Cost Containment Reserve (CCR) trigger level in the near term.

A centralised private sector biodiversity fund could help achieve global nature targets without the need to develop biodiversity credit mechanisms, according to a research group. 

Demand continued to diverge in the voluntary carbon market over the past week, with some corporates seeking cheap REDD avoided deforestation credits, while others eye ACR-certified units eligible for the first phase of the CORSIA international aviation offsetting scheme, which are expected to obtain corresponding adjustments.

*PREMIUM LISTING - In this challenging and rewarding role, the Senior Manager will be responsible for the development, implementation and oversight of accreditation standards that govern Verra’s programs. Building on the existing accreditation body and Verra oversight activities, the Accreditation Program Standards will form the complete set of Verra defined auditing, competency, training, and monitoring program requirements for validation/verification bodies (VVBs) who audit projects to Verra’s standards.

*PREMIUM LISTING - Verra seeks a leader for our forest management activities in the global north, particularly those related to afforestation, reforestation and revegetation, and improved forest management.

*PREMIUM LISTING - Verra seeks an experienced leader for our REDD+ technical innovation and engagement work.

The NBS Associate (Hydrology and Peatlands) will lead the technical development of an exciting peatland conservation and restoration project in Thailand and provide hydrological and other technical advice on other blue carbon and peatland projects across Southeast Asia. This mid to senior-level role reports to the Asia-Pacific Head of NBS.

The EU's first draft legislation defining a framework for certifying carbon removals is set to pass comfortably in Tuesday’s vote in the European Parliament’s cross-party environment committee, according to multiple sources close to the file, with lawmakers supportive of enabling a wide range of methods to be deployed.

European carbon prices dropped to a two-week low amid a continuation of last week's sell-off, as sources pointed to a lack of further escalation in the ongoing conflict in the Middle East and continental temperatures slightly above seasonal norms, as key bearish factors on Monday.

Taiwan is developing a methodology for carbon credits generated from algae cultivation activities following the completion of a government-backed pilot project, as part of the government's efforts to explore the potential of blue carbon.

A deal announced Monday means Australia is closer to offering renewable energy certificates for natural gas as a way for industries to decarbonise and meet their obligations under the Safeguard Mechanism, according to an involved consultancy.

Singapore and the United Arab Emirates have committed to deepening their collaboration on climate change issues with the signing of a joint agreement in Abu Dhabi, including a shared ambition on progressing carbon markets.

Australia has the widest and wildest price swings of close to 40 electricity markets globally, according to new research, which suggests a large amount of energy storage is needed to balance the market in coming decades.

Redirecting half of EU member states’ money that currently goes to subsiding fossil fuel heating to heat pumps could fully decarbonise heating in the EU by 2040, an NGO concluded in a report published on Monday. 

Margaret Ann Splawn, a London-based carbon markets veteran, remains unconscious in hospital after a cycling accident two months ago.

The Philippines Department of Environment and Natural Resources (DENR) has formalised a biodiversity and climate change agreement with a major renewable energy firm in a bid to drive larger private-sector investments into nature-based solutions.

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

Compliance entities continued the trend over the last month of growing V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings while reducing V24 net length, as speculators continued to build V24 net positions, US Commodity Futures Trading Commission (CFTC) data showed Friday.

A carbon pipeline project developer on Friday cancelled its plans to transport and bury CO2 from biofuels production across the US Midwest, as issues with state permitting agencies and landowners impact yet another entity.