Carbon Pulse

The inclusion of hydrogen in the EU’s carbon border adjustment mechanism (CBAM) could delay the uptake of green hydrogen and favour usage of blue hydrogen by the bloc's heavy industry, representatives from various energy intensive sectors said on Tuesday at an event in Brussels.

A Colorado-based offset project developer on Tuesday announced a $3.2 mln fundraise that it will utilise to expand its portfolio pipeline abroad.

A blockchain venture is launching a new voluntary carbon market marketplace to list over 20 million verified tokenised carbon credits at the outset, charging no fees to developers listing their projects.

The European Commission convened its first expert group meeting for carbon removals on Tuesday, aiming to steer the EU’s development of certification methodologies and legislation of technologies deemed crucial for the bloc to meet its goal of reaching net zero emissions by 2050. 

European carbon posted robust early gains before stabilising on Tuesday morning as technical factors dominated the session, while energy markets were little changed as prices have entered fuel-switching territory.

European carbon prices will remain strong out to 2030 despite a recent correction, according to analysts at an energy consultancy that announced its rebranding in a statement Tuesday.

China should accelerate the research and application of carbon capture, utilisation, and storage (CCUS) technologies and include such projects in the national offset programme, a top official at oil giant Sinopec has called for.

A Senate committee on Tuesday released its inquiry report into the Safeguard Mechanism without shifting the debate much as opposition parties published their own dissenting reports, while new Australian Carbon Credit Issuance (ACCU) remained modest.

The Japanese government has committed A$2.35 billion ($1.6 bln) to develop a controversial hydrogen supply chain project that utilises a process known as brown coal gasification combined with CCS, to produce and liquefy the fuel for shipping from Australia to Japan, it was announced on Tuesday.

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

A US-headquartered carbon offset trader and originator has secured a project pipeline that exceeds 1 billion tonnes, with the firm also aiming to transact over 50 million VERs this year separate from its own initiatives, company executives told Carbon Pulse.

The UK's largest landowner has launched the first round of formal engagement with industry stakeholders on Carbon Capture Utilisation and Storage (CCUS) technology, issuing a survey on the market requirements specifically for future seabed and subsurface carbon store development.

RGGI Allowance (RGA) prices last week ended lower, continuing a month-long stretch of mostly losses and defying bullish drivers from an upcoming programme review as well as recent analyst projections for a steep Q1 auction settlement this week.

The British Columbia government has announced it will next year introduce an output-based pricing system (OBPS) for large stationary sources of GHG emissions, allowing industries an alternative to regulation by the Canadian province’s economy-wide carbon tax.

A Houston-based integrated environmental asset validation, blockchain registry, and exchange firm has announced securing conditional approval for the launch of an environmental credits digital platform operating out of the Bahamas, and has already listed millions of carbon offsets from avoided oil extraction.

Liquidity picked up in the voluntary carbon market as March started, but prices generally slipped lower amid the weight of surplus credits. 

Climate Action Data Trust is recruiting a Technical Director to support the work the CAD Trust. The candidate will report to the Executive Director and will be responsible for implementing the Information Technology (IT) and technical aspects of the CAD Trust.

Cote d'Ivoire has signed an MOU with a local and a foreign developer to explore the development of reforestation carbon credit projects in the country.

EUA prices consolidated on Monday after four successive daily declines last week had driven the market down by as much as 9.2%, as traders began to look ahead to the expiry of March futures and options contracts while energy prices wilted for a sixth day as renewables output was forecast to increase.

Japan signed a pact with ten Asia-Pacific countries at a regional summit of ministers held in Tokyo over the weekend to pursue “practical pathways” to achieve decarbonisation of their economies, embracing a broad-brush approach that will leave a role for abated fossil fuels in their energy transition strategies.