Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 53 min ago
Exchange-traded product slashes EUA holdings by 27%
One of the largest exchange-traded products that contains EUAs has slashed its holdings in EU carbon by 27% to their lowest level since the end of last year, according to the investment firm's website.
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FEATURE: The latest, little known front in the energy transition
Native hydrogen has become the latest buzzword in the great global hydrogen chase, potentially offering a far cheaper option than ‘green’ hydrogen while offering the same decarbonisation benefits, and does not require carbon sequestration or offsetting like the blue version does.
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Euro Markets: Midday Update
Carbon prices were little changed as the new month began, trading in their narrowest range in two months as the market started to absorb the impact of higher auction supply, while energy markets were also little-changed amid healthy gas supplies, even as the prospect of strike action at Australian LNG plants grew.
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CN Markets: CEAs come off peak price level, but volume picks up
China's national carbon markets saw a surge in trading volume over the past week despite a decrease in spot prices, with analysts expecting the recently announced rules on allowance vintage to have a limited impact on near-term sentiment.
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FEATURE: Complexity of Australia soil carbon calls for software, scale, and long-term thinking
Australia’s farmland holds great potential for generating Australian Carbon Credit Units (ACCUs), but scaling up the market will require technologies capable of doing complex soil carbon measurement and auditing software to track the increase in soil carbon stock, in addition to willingness from farmers to change their management practices.
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NZ seafood company to roll out NZ$10 mln forest offset project
One of the largest seafood companies in New Zealand is investing in a forest-based carbon offset programme supported by Maori land owners, as part of its sustainability goals.
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CP Daily: Thursday August 31, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Global carbon markets provide lessons for controlling industrial sector leakage under New York cap-and-invest scheme, experts say
Numerous approaches from international carbon markets exist for tackling leakage and competitiveness concerns from energy-intensive, trade-exposed industries (EITEs) subject to New York state’s forthcoming programme, a webinar heard Thursday.
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WCI Markets: CCAs recover early week losses, WCAs recede into and through Q3 auction
California Carbon Allowance (CCA) prices recovered in the latter part of the week along with an upswing in broader macro sentiment, while Washington Carbon Allowances (WCAs) continued to recede into and post the state’s third cap-and-trade auction.
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REDD developers must make co-benefits transparent to boost integrity, stakeholders argue
Community and biodiversity benefits can help demonstrate integrity in REDD forest protection projects but developers need to get better at disclosing them, community-focused groups argued this week.
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Malta seen halting EUA trading account applications after influx from shipping sector
Malta has paused accepting applications for carbon trading accounts amid an influx of applications, market participants told Carbon Pulse this week, noting that that the demand was mainly from non-EU shipping companies trying to prepare for the sector’s imminent entry into the EU ETS.
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Maritime data firm, European utility team up to offer EU ETS management solution for shippers
A maritime data firm has teamed up with one of Europe’s biggest utilities to unveil a web-based EU ETS management solution for shippers being brought into the bloc’s carbon market.
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Carbon credit retirements tumble in August in wake of ICVCM release
Corporates have shied away from the voluntary carbon market since the release of the ICVCM's framework for assessing methodologies eligible for its Core Carbon Principle (CCP) integrity labelling, with retirements and demand for REDD avoided deforestation dropping sharply in August.
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COMMENT: The market impact of the new EU ETS compliance cycle
The market impact of the new EU ETS compliance cycle explained by Gauthier Bily, CEO of Vertis Environmental Finance.
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Link executive pay to nature targets to spur action, urges Holcim exec
The bonuses of senior leaders at companies should depend on achieving environmental goals on nature as well as climate, according to an executive at Holcim, one of the world's biggest cement producers.
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Arctic soil methane uptake could be greater than previously thought, study finds
The vast Arctic wetlands, which span over 80% of the region's land area, may play a pivotal role in the uptake of the potent greenhouse gas methane, according to a recent study.
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Fuel supplier raises stake in voluntary carbon intermediary, secures first forestry credits
A European fuel supplier has increased its stake in a voluntary carbon market intermediary, which has now been issued its first batch of nature-based carbon removals, the firm announced in a release Thursday.
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UK appoints junior education minister to head energy ministry
The UK government appointed Claire Coutinho as secretary of state in charge of the Department of Energy Security and Net Zero (DESNZ) as part of a ministerial reshuffle on Thursday, taking Grant Shapps’ place as he moves to head up the defence ministry.
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Falling power emissions, rising hydro supply to depress EUA demand over balance of 2023 -analysts
European power emissions are set to fall by more than a fifth this year as gas-fired generation has returned to profitability in the region, while an uptick in hydro generation will also help depress demand for EUAs over the coming month, according to analysts.
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Euro Markets: Midday Update
European carbon prices were modestly firmer on Thursday as the final August auction cleared at a discount, capping an early rally as participants anticipated the resumption of full sale volumes from tomorrow, while weaker natural gas prices appeared to shift generation margins in favour of gas, cutting potential demand for EUAs.
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