Carbon Pulse

EU carbon prices will recover to the €85-90 level in the next four weeks, an analyst has predicted, as the benchmark futures sank Friday to their lowest close since early March.

Compliance entities continued to raise their California Carbon Allowance (CCA) net length to levels not seen since 2020, while speculators aggressively trimmed current vintages but favoured adding V23 units, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A US startup is planning to use the energy expended when a train slams the breaks on to develop direct air carbon (DAC) technology, and says its soon-to-be concluded first funding round could be the "biggest in the sector".

The Pennsylvania Department of Environmental Protection (DEP) on Friday asked the Commonwealth Court to refrain from reinstating its block on the state’s RGGI-linked cap-and-trade regulation, as the agency’s appeal is considered by a higher court.

NatureCo delivers nature-based climate solutions for investors, business and other purpose driven organisations to scale up action on climate change and biodiversity loss. We specialise in international advisory and project development services for nature-based carbon projects including reforestation, avoided deforestation, river and wetland restoration and blue carbon.

We are currently seeking a Legal Counsel to be based in Luxembourg. We offer a young, dynamic, and international corporate atmosphere as well as the benefit of remote working and an engaging hands-on legal environment working closely with our General Counsel.

Italy, the EU's third-largest economy, is heading for months of stagnating energy and climate policy progress as its leadership was toppled this week after days of political turmoil, with elections scheduled for as early as September.

EUA prices opened strongly on Friday, continuing momentum seen late in the previous session as the market rebounded somewhat from heavy selling following Wednesday's publication of the European Commission's strategy for cutting gas demand this coming winter.

Gas rationing this winter looks like an "increasingly likely scenario" according to Anna Borg, CEO of Sweden-based utility Vattenfall, which published financial results on Friday that showed a drop in the company's fossil generation over the first half of 2022. 

The government of Shenzhen is set to auction off 600,000 carbon permits under its pilot emissions trading scheme in early August, with a price floor well below current market levels.

Western Australia’s Environmental Protection Authority (EPA) has received a record number of appeals to its recommendation last month to grant a 50-year extension to Australian Woodside’s giant gas and LNG North West Shelf (NWS) project, it has been revealed.

The spot price for Chinese carbon allowances remained stable this week, but an increase in trading volume failed to excite market participants.

The Australian Parliament returns next week with the Labor government intent on legislating its 2030 emissions reduction target, however it will require the support of the Greens and one independent in the Senate to get through.

Chinese bike-sharing giant Hello has issued a set of benchmarks for industry peers to better calculate carbon emissions reductions, adding new standards to the country's voluntary markets, though users will have to work hard to rack up their certificate holdings.

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

We are currently seeking an ambitious individual to join our team as an Sustainable Finance Associate, working together with colleagues to define, manage and achieve divisional business targets.

An offset project developer and carbon credit vendor has signed an offtake deal to supply funding to an innovative startup to build carbon capture and utilisation (CCU) units that are estimated to trap 5 million tonnes of CO2 per year by 2025.

Carbon Market Business Developer will be required to drive carbon offset sales for the Company across Europe, educate customers on carbon offset opportunities available and promote advisor of choice.

Taking Root is looking for a Content Marketing Specialist to help the organization become a global leader in tropical reforestation and forest carbon. As the Marketing Coordinator, you will lead the creation and dissemination of industry-leading content across all of Taking Root’s channels while building and sharing expertise on market trends within the organization.

For the second time in a month, a forest carbon offset company has accidentally started a large forest fire in Spain.