Carbon Pulse

Auction volumes offered at RGGI’s Q3 sale soared with the addition of PA’s quota of allowances, announced Tuesday, amidst ongoing legal machinations between PA state lawmakers and the coal industry.

*PREMIUM LISTING - Carbon markets and climate action are generally growing rapidly and driving a new wave of climate investment. We are building the Climate Policy and Strategy team to support Verra in evaluating and interacting with its policy and market environment and to help foster the ongoing growth and maturation of its climate-related programs.

*PREMIUM LISTING - Carbon markets and climate action are generally growing rapidly and driving a new wave of climate investment. We are building the Climate Policy and Strategy team to support Verra in evaluating and interacting with its policy and market environment and to help foster the ongoing growth and maturation of its climate-related programs.

*PREMIUM LISTING - Carbon markets and climate action more generally are growing rapidly and driving a new wave of climate investment. We are building the Climate Policy and Strategy team to support Verra in evaluating and interacting with its policy and market environment and to help foster the ongoing growth and maturation of its climate-related programs.

*PREMIUM LISTING - Carbon markets and climate action more generally are growing rapidly and driving a new wave of climate investment. We are building the Climate Policy and Strategy team to support Verra in evaluating and interacting with its policy and market environment and to help foster the ongoing growth and maturation of its climate-related programs.

*PREMIUM LISTING - Given significant developments in the global environmental and social context, governments and private-sector actors are increasingly engaging in a variety of activities that provide opportunities for Verra's standards. This includes a growing focus on Sustainable Development Goals (SDGs), which Verra's programs are well placed to support, and which motivates Verra's interest in hiring for this role.

*PREMIUM LISTING - Given significant developments in the global environmental and social context, governments and private-sector actors are increasingly engaging in a variety of activities that provide opportunities for Verra's standards. This includes a growing focus on reducing plastic waste, which Verra's programs are well placed to support, and which motivates Verra's interest in hiring for this role.

Canadian software development company TraceSafe on Tuesday announced it purchased individuals-focused carbon credit platform Offsety.

The Brazilian Ministry of Mines and Energy (MME) has two obvious options for reducing sky-high Decarbonisation Credit (CBIO) values under its RenovaBio programme, either raise the price of gasoline during an election year or weaken the biofuel market’s CO2 mitigation goals, according to a World Bank economist.

The EU awarded €1.8 billion to 17 large carbon-cutting projects across Europe on Tuesday, the second large-scale activities selected to receive cash from the ETS-derived Innovation Fund.

An idea to fund the REPowerEU strategy by selling MSR-held carbon units looks set for a troubled path into law, with MEPs from across the political spectrum on Tuesday rallying against the 'short-sighted' measure they feel undermines the bloc’s carbon market and progress towards emissions targets.

Two startups have teamed up to offer web3 companies the technology to offset their carbon footprint by buying tokenised voluntary carbon market (VCM) credits, while another venture has announced its entry into the space by the end of the year with a “private” blockchain-based carbon marketplace.

Carbon credits have weathered the turmoil in financial markets since Russia invaded Ukraine better than leading asset classes, and the market remains underpinned by robust fundamental demand despite its voluntary nature and a growing surplus of offsets, a webinar heard Tuesday.

EU lawmakers are likely to push for a tougher 2030 renewables target than member states at an interim vote this week, though Brussels' REPowerEU plan to quickly ditch Russian fossil fuels is set to complicate work on finalising legislation.

Colombian air carrier Avianca on Monday announced has purchased carbon credits for nearly 98% of its operational emissions during the first half of 2022, and will buy a larger number of offsets over the final six months of the year.

British utility Drax has submitted plans to build the world’s largest carbon capture facility at its wood-burning power station, aiming to make good on its ambition to generate 8 Mt of carbon removals a year at the site by 2030.

We are extremely active in the voluntary carbon markets (VCM) serving SMEs, major corporates and financial institutions and are now looking to enhance our project origination capabilities. We are therefore looking for a suitably experienced team member to be at the forefront of that development.

EU carbon headed higher in light trading on Tuesday morning as the market extended the recent channel between €82.50-€85.50 for a sixth day, while energy prices were lifted by reports that French nuclear plants may have to trim operating rates as temperatures were forecast to soar across most of western Europe next week.

Australia’s government-backed green investment bank has partnered with an airline superannuation fund to launch a A$100 million ($67 mln) green tech fund, while the Clean Energy Regulator has registered nine new offset projects.

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