Carbon Pulse

EUAs tumbled below a key technical level and prompted additional selling as the market reacted to details of the European Commission's plan to reduce gas demand ahead of the winter demand season.

Global electricity CO2 emissions are expected to fall, albeit slightly, in 2022 as weakening economic growth and soaring energy prices put the brakes on power consumption while renewables have a bumper year, according to the IEA in a report published Wednesday.

An increase in approvals for new coal power facilities in China has reflected rising concern over energy security at home, an NGO report published on Wednesday found.

The level of CO2 captured and stored at CCS facilities annually is well below total yearly global capacity, by 19-30% on average, highlighting the urgent need for uniform and more comprehensive reporting on CO2 capture and storage rates, a study has found.

Prices in China’s national emissions trading scheme will grow steadily in coming years, but by the end of the decade could be more than 50% higher if the government sets an absolute cap on ETS emissions compared to if it carries on with an intensity-based scheme, according to analysts.

Australian heavy industry's push to offset emissions is expected to drive massive demand in the country’s carbon market, with the help of the government’s revamped Safeguard Mechanism, according to analysis set to be released Thursday.

An Australian resources company planning on turning 1.4 million hectares of forest in Papua New Guinea in to a series of  REDD+ projects has had its carbon permits revoked by the country’s National Forestry Authority (NFA).

BHP has signed a Memorandum of Understanding (MoU) with Tata Steel to jointly study and explore the development of lower carbon technologies for iron and steelmaking, the global mining giant announced on Wednesday.

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This position will play a critical role in the development, expansion, and validation of ecosecurities’ Nature-Based Solutions program within internationally recognised voluntary carbon standards.

A London-based brokerage has once again been denied in its appeal to claim back £5.6 million in tax linked to fraudulent trades in EU carbon allowances.

A global offset developer and a North American farming financier launched on Tuesday an industry-first programme for produce growers of primary crops to participate in the voluntary carbon market (VCM).

Washington electric and natural gas utilities are seeking further cost relief for consumers and a level playing field in the state's final cap-and-trade regulation, while offset protocols are also a concern for creating a viable carbon credit market and eventually linking with the California-Quebec programme, according to public comments.  

We are rethinking voluntary carbon markets by offering share-based models instead of offsetting, through which companies can participate in the success of carbon removal projects over the long term instead of merely incurring costs for short-term climate neutrality, as is the case today.

A US-based conservation organisation on Tuesday announced a multi-million-dollar green bond to support drastically scaling up its small acreage forest offsets programme.

Germany confirmed details of its proposed “global shield” on Tuesday, aiming to “acknowledge” and “address” loss and damage caused by climate change impacts on the world’s most vulnerable countries, while the nation also announced a new partnership to import natural gas and hydrogen.

The European Commission is set to propose mandatory gas rationing for member states should the EU declare an emergency amid a worsening supply outlook, according to a leaked draft seen by Carbon Pulse on Tuesday.

This role is a key contributor to Shell’s global carbon market analysis with a focus on offering comprehensive and regular fundamental analysis and forecasting of the Australian and New Zealand carbon markets. This role is responsible for bringing supply, demand, and policy views together, modeling key drivers to develop market forecasts across all time horizons.

The UK's net zero strategy for aviation assumes a carbon price rise to £378/tonne by mid-century to meet the goal of climate neutrality in the sector, and does not envisage emissions to rise above pre-pandemic levels, according to documentation published on Tuesday.

EUAs gave up ground for a second day on Tuesday but remained firmly entrenched within their recent range as activity continued to dwindle, while energy markets were generally slightly firmer after the European Commission said it did not expect the Nord Stream 1 pipeline to resume flows after maintenance ends later this week.