Carbon Pulse

EUAs extended their rally for a third day on Thursday morning, hitting a two-week high even as gas prices snapped their 19% rally for this week amid forecasts for a short cold spell.

Two major airlines are eyeing multi-year agreements to acquire carbon credits, potentially bucking an industry trend that has seen several carriers recently shy away from offsets as a decarbonisation solution.

A crediting project looking to protect tropical wetlands in remote northern Queensland has been described by its developer as one of the most developed in the world, however it is being held up by a lack of market infrastructure while also wanting to ensure it is scientifically rigorous enough to avoid the stigma of carbon credit schemes.

A specialist investor in decarbonisation solutions has advanced its funding of a carbon capture and removals startup now worth over $1 billion, the firms announced Thursday.

The World Economic Forum (WEF) on Thursday signed an agreement with Indonesia to help the Southeast Asian nation scale up blue carbon restoration and ocean conservation efforts, with similar partnerships with other countries to follow.

The Science Based Targets Network (SBTN) has begun accepting applications from companies wanting their nature-based targets validated by the group, expected to drive private-sector biodiversity ambition.

India’s newly-formed Carbon Markets Association has signed a Memorandum of Understanding (MoU) with a government-sponsored renewable energy organisation to help develop the country’s carbon market and make it play a greater role in reaching the country’s net zero ambitions, it announced on Thursday.

Hong Kong, which now hosts an international carbon marketplace, should facilitate more collaboration with Beijing to explore the potential of voluntary carbon markets, a top banker has suggested.

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

A blockchain marketplace, that has just raised $7.5 million, is to sell tokenised forward carbon credits to boost pre-funding of voluntary carbon market projects, it announced on Thursday.

The Integrity Council for the Voluntary Carbon Market (IC-VCM) released new timelines on Thursday, aiming to guide integrity for carbon credits amid a wave of quality-related concerns, with labels aimed at clearly distinguishing credits expected to emerge this year.

Countries need to double the amount of existing forms of nature-based carbon removals and to roll out new technologies by a factor of 1,300 to keep within a 1.5C of warming pathway as outlined in the Paris Agreement, according to a report published Thursday.

As part of the International Land Use team, the Junior Forest Carbon Analyst will play a key role in the development of a variety of forest carbon projects types, including Improved Forest Management (IFM), avoided deforestation/degradation (REDD), and afforestation/reforestation (A/R) projects. This role requires a strong understanding of issues around the science of climate change, as well as land use and natural resource management dynamics.

The Senior Director for Climate Policy will lead CI’s climate policy engagement and is responsible for developing and implementing CI’s strategy to influence globally important climate policies. They will be responsible for setting policy goals, overseeing focal areas of work on climate policy, leading the development of relevant policy positions to achieve CI’s climate policy goals, and taking technical leadership on key topics that will vary over time.

The US EPA announced on Wednesday that it will publish a suite of new emissions reduction regulations in the coming months, while federal agencies are relying on the private sector to help decarbonise the electric grid.

New amendments to Alberta’s Technology Innovation and Emissions Reduction (TIER) regime will cause the programme’s credit bank to plunge 75% over the rest of the decade in the absence of significant carbon capture, utilisation, and storage (CCUS) uptake, analysts said in a recent report.

*PREMIUM LISTING - The Gold Standard Foundation is looking to build our team with exceptional people who are excited and driven to shape and deliver this ambition and uphold our values.  We are now seeking an Officer - Market Intelligence to join our team.

*PREMIUM LISTING - The Gold Standard Foundation seeks a highly motivated individual to join our technical team, reporting to the Technical Director. This is a full-time position responsible for managing the Gold Standard Quality Assurance and Quality Control System to ensure that projects/programmes are certified in line with standard requirements and assurance related risks are identified and mitigated.

The UK government has slashed another 1.7 million tonnes from industrial emitters' free carbon allowance allocations under the country's ETS, removing subsidies worth an estimated £112 mln at current prices.

The UAE's climate envoy on Wednesday shrugged off conflict-of-interest concerns about the nation appointing its state oil firm boss as head of upcoming COP UN climate negotiations, while warning that the global stocktake due at the meeting will likely show the planet off-track on global warming goals.