Carbon Pulse

Improving the integrity of the voluntary carbon market (VCM) should open the door for offsets to be widely used in compliance markets, particularly for blue carbon and marine environments, a webinar heard Tuesday.

Carbon pricing systems are only slightly more efficient than clean energy standards and subsidies in reducing emissions, and also lead to the overpricing of electricity, a recent working paper suggests.

The EU's 2030 renewable power goal could be just hot air unless deployment of wind and solar capacity is doubled by mid-decade, analysts said in report published Wednesday that found the installation of multiple gigawatts is being delayed by bureaucracy.

Members states under UN aviation body ICAO are making progress towards establishing a long-term net zero target for global air travel this fall, although several major emitting nations are still expressing reservations with the idea.

Compliance payments or offset requirements under the Canadian Clean Electricity Regulations (CER) will not take effect until the next decade, as CO2 pricing and other climate policies will continue to apply until then, according to a framework document published Tuesday.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Land-Use & Forests (LUF) Innovation Officer to work in its office in Geneva, Switzerland, or remote working from the United Kingdom, Germany, or India.

The voluntary carbon offset ETF from KraneShares will start following a new index for VER futures next week, suggesting the fund may need to alter its existing holdings.

Africa’s largest project originator in the voluntary carbon market (VCM) has concluded a forward sales agreement with a European trading group for the first time as part of plans to double its spot sales deals this year to 10 mln credits, it announced Tuesday.

EUAs made gradual gains throughout Tuesday morning amid active participation from buyers looking to cover short positions after the market appeared to reach a floor, while energy prices made solid advances as EU nations reached a deal on cutting gas demand by 15% over the coming winter.

Indian steelmaker Tata will target net zero emissions by 2045, the company announced in the release of its latest financial results on Tuesday, though offered little detail on how it plans to achieve the goal.

EU member states have agreed to a 15% gas supply cut as part of emergency regulation to curb energy use over the winter in the face of rising uncertainty over Russian supply.

UK utility Drax maintained on Tuesday that it will close its remaining coal power units in March of next year, having been asked by the UK government to extend their lifetime by six months to ease security of supply issues this winter.

Forest Carbon Works (www.forestcarbonworks.org), a company which enables small forest landowners in the U.S. to access carbon offset markets, is seeking an Associate Forester to join our nationwide team. This position is based from your home office, but with regional responsibility in New England and New York. The ideal candidate will be located in Vermont.

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

Pennsylvania’s Commonwealth Court has ruled in favour of reinstating the preliminary injunction on the state’s RGGI programme linkage, according to court documents filed Monday.

A British specialty chemicals company has teamed up with a US-based offset project developer to accelerate the deployment of carbon capture solutions for heavy industry and to originate carbon credits in the process.

The landscape of carbon credit rating agencies continues to build pace, with new services springing up to help buyers navigate the complex world of voluntary carbon credits, including by determining which projects offer climate-champion attributes versus those that add reputational risk to corporate claims.

EU member states are set to endorse bloc-wide gas demand-cutting plans on Tuesday, but fierce resistance from a majority suggests the final text may be riddled with exemptions and derogations.

California Governor Gavin Newsom (D) urged state regulator Air Resources Board (ARB) to incorporate new efforts in the 2022 Scoping Plan towards achieving the state’s 2030 emissions reduction targets and carbon neutrality by 2045, in a letter published late Friday.

A carbon marketplace and a crypto carbon initiative have teamed up in an effort to boost the sale of 'forward' offset credits for mangrove restoration projects.