Carbon Pulse

The European Commission aims to launch the first EU-wide auction to support renewable hydrogen in the autumn, according to a leaked draft of its industrial strategy seen by Carbon Pulse on Monday.

*PREMIUM LISTING - With environmental and social actions growing rapidly and attracting growing public and media attention, Verra is looking for a Senior Director or Director of Communications to lead and coordinate the team responsible for effectively communicating Verra’s activities.

*PREMIUM LISTING - With climate action growing rapidly and driving a new wave of investment, Verra is enhancing its team responsible for the development of high-integrity, high-impact carbon markets in order to build responsible demand for Verra’s carbon credits and to support the ongoing growth and development of Verra’s carbon programs.

Carbon credit provider South Pole has parted ways with its head of public affairs, Carbon Pulse has learned, as the company reviews its entire REDD portfolio amid claims of widespread over-crediting of forest protection projects.

EUAs traded in a wide range as prices fell as much as 1.9% early on in a short but sharp sell-off, before gradually recovering after a strong auction and as analysts adjusted their full-year price forecasts amid differing views on the prospects for demand in 2023.

A suitably qualified consultant is sought to assist coordination and completion of the Solomon Islands LEDS in the first half of 2023.

There needs to be greater urgency in private sector action if the world is to make improvements on biodiversity in light of the historic deal on nature positivity at COP15 in Montreal at the end in December, a webinar heard last week.

Singapore and Malaysia have signed an agreement to cooperate on the green economy and technologies for decarbonisation, one which will include collaboration on carbon markets, they announced on Monday.

Ryanair became the latest airline Monday to point to resurgent demand in its quarterly report, stating expectations of "very robust" demand in the summer as passenger numbers breached a company record in the final quarter of 2022.

China's steel industry should be capable of peaking emissions by 2025 and reducing them by 30% by 2030, a much faster pace than an official target set by the government, though scrap availability will be the main constraint for cutting emissions by the end of this decade, a study has found.

The leader of the Australian Greens party has lashed the design of the government’s Safeguard Mechanism policy, arguing that fossil fuel producers can simply buy their way out of cutting emissions by purchasing carbon credits. 

Analysts have raised markedly their forecasts for EU carbon prices for the next two years, despite the impending injection of tens of millions of additional permits into the market and wider concerns over the bloc's economy.

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

As nations squabble at the UN’s maritime agency (IMO) over a headline global climate target for shipping, governments are doing better at making smaller-scale arrangements that cut across historic rich-poor divides and are widely seen as essential for decarbonising the sector.

Carbon credit developer and intermediary South Pole will not immediately sell recent-vintage offsets from a major African REDD+ project as the firm reassesses the initiative’s emissions baseline, the company said Friday after an investigative report argued the undertaking over-credited tens of millions of GHG reductions throughout the past decade.

Both financials and regulated entities pared back their California Carbon Allowance (CCA) positions this week, while they slightly boosted their holdings of RGGI Allowances (RGAs), according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Washington’s Department of Ecology (ECY) filed its response on Thursday denying allegations brought forward in a December lawsuit from an independent power producer, which requested equal protection under the law and asked for similar relief granted to local plants under the state’s recently launched cap-and-invest scheme, court documents showed.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including a 100% zero-carbon power bill in Minnesota.

An EU's proposal for a voluntary carbon removal certification scheme lacks sufficient rigour to ensure soil carbon credits are not overstating their climate benefits, according to research commissioned by the German government that recommended against using such credits for offsetting purposes.

Czech group Creditas is expanding into the UK, with the acquisition of InterGen which provides about 5% of UK power generation capacity via four gas-fired facilities.