Carbon Pulse

Experts are seeking urgent clarity on what constitutes a good carbon credit to bring corporates back from the sidelines of the global carbon markets, WEF's annual summit heard on Tuesday, with panellists also citing the need to move away from the "misnomer" that the market is voluntary. 

Oslo-based global fertiliser supplier Yara has signed a Memorandum of Understanding (MoU) with Japanese utility JERA to supply a coal-fired power plant in Japan with up to 500,000 tonnes of “clean ammonia" per year.

AirCarbon Exchange (ACX) has signed a Memorandum of Understanding (MoU) with two companies to identify net zero carbon and recycled plastics opportunities in the Middle East and around the world, the Singapore-based carbon exchange announced on Tuesday.

Growth in China's thermal power generation remained steady in December, while coal production continued to grow despite recent economic headwinds, government data showed Tuesday.

A report has warned that just a handful of new gas projects in Australia’s Safeguard Mechanism would eat up the majority of the supply of carbon credits available, and place an A$8 billion ($6.2 billion) burden on other businesses to decarbonise at much faster rates.

India aims to displace fossil fuel sourced feedstocks for its fertiliser, oil refining, steel, and transport sectors, an seeks a longer-term role as a renewable hydrogen exporter, its national green hydrogen mission has detailed.

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

The industrial electricity and fuel efficiency (IEFE) methodology of generating carbon credits has been revoked from Australia’s Emission Reduction Fund, the Clean Energy Regulator (CER) announced Monday, and has been replaced by a new and improved version of the method.

A Canadian carbon credit investment firm announced on Monday a joint venture with a former Conservative MP from Alberta, aiming to generate technology-based offsets in partnership with municipalities and the federal government.

Conservation organisation WWF launched a new free-access tool on Monday intended to help companies and investors better understand their impacts and dependencies on biodiversity.

EU competition chief  Margrethe Vestager and French officials have released similar strategies on how the EU should respond to the US green stimulus package, with beefed-up subsidies and continued relaxation of state aid rules for key energy transition sectors at the heart of the plans.

Standardised carbon credit prices slipped lower over the past week, particularly in nature-based contracts where the bearish trend was evident across the curve.

A major trader of global commodities has made a commitment to purchase 50,000 tonnes of carbon removals by 2030 as a founding member of the First Movers Commission, it said on Monday.

The Africa Carbon Markets Initiative (ACMI) advanced on its 13-point action programme on Monday, while revealing details on an already-secured $200 million in advance sales of carbon credits. 

A firm that helps firms and individuals offset their climate impact has closed a sourcing deal worth up to €50 million to purchase carbon credits from a blockchain-based marketplace, they announced Monday.

UK climate minister Graham Stuart welcomed a recent review into the country's net zero strategy on Monday, highlighting the economic benefit of immediate climate action and confirming there would be developments on UK ETS reform in 2023.

European carbon began the week on a bearish note on Monday as energy prices extended their losses for a fifth consecutive session, despite forecasts calling for a spell of lower temperatures that would bring the bearish prospect of coal-to-gas fuel switching closer than it has been for many months.

Australia's Indigenous Land and Sea Corporation (ILSC) is seeking a proactive Senior Carbon Coordinator to join our Northern Strategic Projects team to lead the development of the ILSC’s carbon strategy.

US climate envoy John Kerry on Sunday set out initial core principles and the first experts for an advisory panel for the Energy Transition Accelerator (ETA) jurisdictional carbon crediting mechanism.

South Korea's SK Group has agreed to form a partnership with Mubadala Investment, a sovereign wealth fund of the United Arab Emirates (UAE), to cooperate in voluntary carbon markets (VCM) in the Asian region.