Carbon Pulse

The UK is expected to announce some £600 million in support to help decarbonise two steelmakers according to several media reports, a potential signpost for the nation joining the broader global green subsidy push, while simultaneously considering a carbon border adjustment to ensure fair competition.

A carbon credit ratings agency has put three ACR-certified enhanced oil recovery (EOR) projects in the US on ratings watch for a potential score change. 

Decarbonisation pathways for the steel sector place too much weight on relatively nascent, tech-focused solutions such as CCUS for reducing emissions, while overlooking methane discharges during coal mining that could be addressed immediately, according to a report published Monday.

Despite reaching a nearly three-week high in early trade, EUAs weakened on Monday morning as energy prices also reversed course amid forecasts that the current cold snap was nearing its end, shrugging off a warning that the issuance of free allowance allocation for 2023 may be delayed.

A record 260 financial institutions participated last year in a campaign aimed at getting firms to disclose their environmental impact, marking a 56% increase over 2021, according to a report released on Monday that reflects the growing pressure investors are placing on companies to raise climate ambition.

Australian Carbon Credit Units (ACCUs) have increased their value by around 11% across the board over the past week, while the Clean Energy Regulator issued 300,000 new units to project proponents.

A former investment manager at project developer C-Quest Capital has co-founded a software firm that is launching a digital platform designed to streamline the management of carbon offset projects.

GGGI’s Carbon Pricing Unit is hiring an Associate who can support the delivery of the DAPA Program management through consistent bookkeeping and communication of technical information and knowledge sharing both within and outside of GGGI.

This role supports the day-to-day carbon project operations of the Company’s portfolio of carbon projects.

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

California-headquartered climate fintech firm Aspiration has become a foundational investor in nature-based restoration project developer Compassionate Carbon, with the two partnering to build several “innovative” initiatives.

Financial entities added to California Carbon Allowance (CCA) net positions but continued to trim RGGI Allowance (RGA) net length, while regulated entities added to their RGGI net holdings for the second week in a row, according to US Commodity Futures Trading Commission (CFTC) data published Friday

The Forest Carbon and Climate Services Branch in the Government of British Columbia (BC) is hiring a Forest Carbon Modeller to lead forest sector emissions estimation, accounting and reporting.

Carbon market stakeholders traditionally sceptical about the use of REDD credits for offsetting purposes reiterated their concerns this week, responding to claims of vast over-crediting under the programme.

A summary of legislative, regulatory, and policy action on carbon and clean fuel standard markets at the US federal and subnational levels this week, including a Pennsylvania Senate letter to new Governor Josh Shapiro (D) regarding the state's RGGI-aligned cap-and-trade regulation.

Nova Scotia announced this week that it will hold two carbon auctions to cover 2022 emissions and one reserve auction, even as the Canadian Maritime province transitioned to an output-based pricing system (OBPS) at the start of the year.

*PREMIUM LISTING - Nexus seeks a dynamic and driven Head of Carbon Finance to lead our carbon finance services, leveraging strategies to accelerate low-carbon project development while ensuring alignment with Nexus’ mission. Opportunities and focus areas must balance the opportunity for greatest community benefits with sound financial project performance.

Standardised nature-based carbon credit prices softened on Friday as the impact of this week's highly critical reports of over-crediting among REDD projects appeared to diminish corporate appetite.

A position is available to work on the research problems of the Energy and Environment Group at the Department of Computer Science & Technology, initially on the topic of technology and organisational problems around carbon credits for nature-based solutions.  The project, as part of the Cambridge Centre for Carbon Credits, aims to bring to the public new mechanisms for quantifying the benefits of interventions to halt deforestation via the use of satellite sensing, and also the qualitative assessment of human factors.

Commodity trader Trafigura has set tougher targets for cutting Scope 1 and 2 emissions over the next decade and set out a roadmap for achieving carbon neutrality by 2050 after meeting short term targets a year earlier than planned.