Carbon Pulse

A carbon credit project developer focused on decarbonising the oil and gas sector has become the thirtieth investment for an oil major-owned climate fund’s $1 billion-plus portfolio.

The voluntary carbon markets needs to continue developing the necessary infrastructure to increase the supply of credible projects and incentivise market participation, writes Robin Green of Carbonplace.

The head of a US financial market regulator said in comments Monday that the agency is vested with the authority to oversee the voluntary carbon market (VCM), according to a media report.

The Integrity Council for the Voluntary Carbon Market (IC-VCM) has clarified that its labelling of high-integrity carbon credits will extend to past issuances, aiming to help clean up the considerable surplus of older-vintage credits.

*PREMIUM LISTING - The Plan Vivo Foundation (PVF) is looking for experts in carbon quantification to accelerate the finance to community-focussed Agriculture, Forestry and Other Land Use (AFOLU) carbon projects. By joining the Technical Review Panel (TRP), they will help ensure that projects and their associated methodologies are meeting best practice within the voluntary carbon market, therefore giving confidence to investors and the wider market.

A broking house is launching a new price assessment for REDD+ contracts based on the daily auction price of three well-known projects, at a time when the avoided deforestation market has been thrown into disarray by the publication of damning reports about widespread over-crediting.

*PREMIUM LISTING - We are looking for an expert with a strong project management and strategic project planning, development, and implementation background, as well as experience in stakeholder engagement within the oil and gas or energy sector with added benefits with expertise on carbon crediting and finance.

*PREMIUM LISTING - We are looking for a sales executive(s) with proven track record within complex b2b sales to cover Middle East, Central Asia and Africa markets.

*PREMIUM LISTING - We are looking for an experienced engineer with a strong background within the oil and gas sector including on-site oil and gas infrastructure as well as -technology, processes, and production. The ideal candidate also has experience from planning, coordinating, executing, and leading field activities, and has extensive experience from project and equipment risk and emission assessment.

In your role as Reforestation Program Manager, you will be an integral part of a small and highly motivated team of experts passionate about the role of natural climate solutions in combating climate change. Equally important to our climate work is our commitment to supporting the stewardship and conservation efforts of the land trusts, private forest owners, tribes, ranchers, and other landowners with whom we work. As a small and nimble organization in a rapidly evolving market, your ideas as well as your technical expertise will be highly valued.

The EU kicked off ‘a new deal for pollinators' on Tuesday, renewing a 2018 initiative and following up on a citizens’ movement as one in three bee, butterfly, and hoverfly species are currently disappearing.

The Director of Forest Carbon Partnerships will lead The Climate Trust’s forest carbon partnerships and forest carbon project recruitment efforts. This role will also provide support to forestry staff in project development and reforestation program development. The Director of Forest Carbon Partnerships will work closely with senior staff on organizational strategy and contracting. The position requires excellent personal communication, strategic thinking, and organizational skills.

Standards body Verra has mounted a robust defence of REDD in the wake of damning reports of widespread over-crediting of projects it has accredited in the sector, promising on Tuesday that its new consolidated methodology for avoided deforestation will be released in the second quarter.

EU carbon prices dropped sharply on Tuesday morning as sustained selling emerged when gas prices plunged on news that a major US export facility is set to resume shipments of LNG.

Australia’s environment protection and biodiversity conservation (EPBC) legislation failed to have any impact on halting species decline and habitat loss over a 15-year period, a University of Queensland study has found, urging the government to change its approach.

The EU will push back the deadlines for member states to hand out free EUAs and for installations to surrender allowances each year, acknowledging that the process of calculating allocations has been made more complicated by the need to adjust handouts according to individual installations' output levels.

The US is joining the high-ambition coalition on Biodiversity Beyond National Jurisdiction (BBNJ), a high-level official said Monday, seeking to create some momentum ahead of next month’s summit in New York where world nations hope to agree on an international legally binding BBNJ instrument.

Amazon has announced it is investing €3 million in CDC Biodiversity’s Fonds Nature 2050 that will support nature and wildlife restoration in France.

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

Following COP27, carbon markets are focused on a pricing benchmark. CME Group GEO futures are seeing increased interest as a tool to manage carbon pricing risk.