Carbon Pulse

The spot price for NZUs fell by nearly 10% on Monday as the market continues its free fall following the release of a consultation on the redesign of the ETS.

The lack of consensus among major developed market economies on phasing out coal may hinder cooperation and the effectiveness of Indonesia’s Just Energy Transition Partnership (JETP) and other emerging market climate financing initiatives,  a report has found.

The price of Australian Carbon Credit Units (ACCUs) has reached its lowest point this year, one week from the reformed Safeguard Mechanism taking effect, as the market is swamped with supply amid low demand.

International trade practices have significantly impacted CO2 emissions by relocating production activities, creating emissions disparities between regions of production and consumption, a new study has found.

Nature restoration projects in Southeast Asia could help the region confront climate change, but these initiatives could cost an estimated $200 billion per year, says a new study.

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

Two fund managers have pledged up to $6 million towards a startup that sequesters carbon and converts toxic seaweed into replacements for petroleum products and other industrial inputs.

The Canadian environment ministry on Friday published its draft federal offset protocol for private sector improved forest management (IFM), mirroring efforts already underway in British Columbia and confirming plans to develop a separate iteration for Crown lands.

A US law firm is dedicating "substantial resources" from its whistleblower practice to investigate potential violations of the country's Commodity Exchange Act (CEA) linked to fraudulent or manipulative activities in the voluntary carbon markets.

Regulated parties shed net holdings of California Carbon Allowances (CCAs) and speculators extended length through a week of heightened spread activity, while both entities reversed course from the prior week in the US Northeast power sector carbon market, data from the US Commodity Futures Trading Commission (CFTC) showed Friday.

Private sector climate targets should not be considered credible if they rely on avoided emissions carbon credits, with only CO2 removals having a positive impact on GHG emissions, a US-based university think-tank said Friday.

Three EU member states made minor progress in the past fortnight towards completing their free allocation of 2023 ETS carbon allowances, with Finland finally commencing the annual process according to the final update for this year.

Malawi has established a new agency to manage the trade and marketing of its carbon credits, President Lazarus Chakwera announced Friday, upping the country's forecast for the size and value of its offering.

Politicians are expected to intervene in the next few years to alter EU ETS rules that are on course to have the market hit absolute zero emissions in 2040, a conference heard this week, as analysts predicted EUA prices would exceed €250 several years before that unless something was done.

A new academic study looking at human-induced regeneration projects based on their carbon estimation area (CEA) data has found evidence suggesting Australia's ACCU market could have been overcredited by as much as 25 million units to 2021.

French President Emmanuel Macron claimed "complete consensus" on reform of international financial institutions to better channel climate funds to developing countries on Friday, with world leaders pledging changes that are expected to free up an additional $200 billion of lending capacity over the next decade, and billions in debt relief measures.

*PREMIUM LISTING - Verra is creating the new role of Senior Program Officer, Industrial Innovations to help develop and implement novel approaches to accelerate greenhouse gas (GHG) reductions and removals in hard-to-abate industrial and energy sectors.

*PREMIUM LISTING - Verra is searching for the role of Manager, Energy and Industrial Innovation to help develop and implement novel approaches to accelerate greenhouse gas (GHG) reductions and removals.

*PREMIUM LISTING - Verra seeks a Senior Program Officer for the Methodologies Team in the Program Development and Innovation Department. The Senior Program Officer will support reviews and updates of existing methodologies and the development process of new and revised methodologies for the Verified Carbon Standard (VCS) Program. 

The EU is increasingly turning to geothermal energy to heat its buildings, as proven by the recent inauguration of the largest plant in Europe outside of volcanic Iceland in the centre of the 27-nation bloc.