Carbon Pulse

Australian scientists have quantified the carbon market opportunity of restoring the ecosystems and landscapes that were damaged during the 2019, 2020 Black Summer bushfires.

Blue carbon ecosystems (BCEs) have significant potential for carbon sequestration globally, but to date this has been untapped due to constraints preventing a bigger role in the rapidly growing carbon market and other financial barriers, according to a study released this week.

Singapore-based voluntary carbon trading platform AirCarbon Exchange (ACX) has teamed up with trade surveillance provider Eventus to monitor market activities in a bid to prevent activities like market manipulation or money laundering.

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

The Forest Carbon Accounting Senior Program Officer (SPO) collaborates closely with multiple landscape focal points and the WWF-US Forest team in the design, impact assessment and monitoring, reporting and verification of land-based climate change mitigation interventions in tropical forest countries.

The Climate Warehouse is a market infrastructure institution which aims to mobilise climate action toward the Paris Agreement’s objectives by enhancing transparency and environmental integrity of carbon credit transactions and international carbon markets. We are recruiting an Executive Director, based in Singapore, to lead the work of the Secretariat.

California Governor Gavin Newsom (D) circulated draft legislation on Friday to offer utility Pacific Gas & Electric (PG&E) a loan to preserve the Diablo Canyon Power Plant for another decade, as separate bill languages comes together to raise the state’s 2030 GHG reduction target.

Plots of tropical rainforest and peatland put up for sale as oil blocks in the Democratic Republic Of Congo (DRC) would likely be sold cheaply, an analyst told Carbon Pulse on Monday, bolstering the hopes of a group of carbon crypto activists who want to use the power of carbon markets to stop big oil.

VERs were steady for prompt and nearby offset prices this week, maintaining the uptick seen at the end of the previous week, while later dated vintages for nature-based credits climbed higher.

An offset project developer and carbon credit vendor has opened an account with a registry with the aim of building out several tree planting and sustainable charcoal projects in South America.

The Climate Investment Analyst will support CI’s Conservation Finance Division investment activities of the Carbon Finance team, which is responsible for developing the institution’s carbon pipeline of investible avoided deforestation, restoration, improved forest management, and blue carbon initiatives.

Germany has issued a tender for a contract to auction EU Allowances and EU Aviation Allowances for the second half of the present phase of the bloc's carbon market. 

EUAs rose to a new six-week high on Monday morning as the momentum generated by the reduced auction programme in August continued to drive the market despite very low volumes, as energy prices also moved higher amid persistent concerns over winter energy supplies.

The investment arm of Norwegian oil firm Equinor has made an early-stage investment in a carbon removals venture that aims to store CO2 emitted from biogas producers.

Australia will not need to use international offsets to meet its 2030 emission reduction target but can rely on plentiful domestic supply instead, analysts said Monday, while environmental groups urge the government to rule out using them entirely.

South Korea this week is kicking off a consultation process with industry in a bid to inject more vitality in its emissions trading market, better allocate ETS-related revenue to efforts that reduce emissions, and meet requirements raised by the EU’s Carbon Border Adjustment Mechanism (CBAM).

China’s thermal power generation last month increased year-on-year for the first time since February, while total power output grew at a faster pace amid rising demand, official data showed Monday.

Bursa Malaysia will launch a voluntary carbon market (VCM) later this year in a key a move to facilitate growth in carbon trading in the Southeast Asian country which will be kickstarted with an initial carbon credit auction, the Kuala Lumpur-based stock exchange announced on Monday.

The narrative around carbon farming in New Zealand has been overtaken by financial and corporate interests at the expense of landowners who need greater financial assistance to participate in the sector, according to an intermediary group.

The Carbon Specialist’s primary responsibility will be to develop a pipeline of high quality reforestation carbon projects in the Asia Pacific region, to better position One Tree Planted to help our corporate clients meet their carbon goals and objectives.