Carbon Pulse

The Cap-and-Trade Program is seeking an enthusiastic team member with expertise in the electricity sector and assessing economic/emissions leakage to work on the development, implementation, and analysis of the California Air Resources Board’s greenhouse gas (GHG) emissions reductions programs.

Five mid-size California grocery stores participated in a pilot project run by an industry group and an offset developer to ease the financial burden of transitioning to environmentally friendly refrigeration by selling thousands of carbon offsets, a press release announced Thursday.

Singapore-based commodity trading house Trafigura on Thursday said its carbon trading team will focus going forward on developments related to Article 6 of the Paris Agreement and its development of nature-based CO2 removal projects.

The charitable arm of a Tennessee-headquartered financial services firm on Wednesday committed an undisclosed amount of funds towards developing a database that will assess blue carbon credit potential over portions of the US coastline.

An option to raise €20 billion for the REPowerEU package by selling allowances held in the supply-managing MSR is still being discussed by legislators in final negotiations, an MEP close to the process said Thursday, a controversial idea that had been widely considered as ‘off-the-table’. 

Xpansiv, owner of the CBL carbon credit marketplace, has shuffled its leadership after a flurry of takeovers that includes registry administrator APX and the intermediary Evolution Markets.

A nature-focused carbon fund manager is set to boost its portfolio of funds next year, with the owners eyeing what they see as growing demand for carbon credits from institutional investors.

The EU needs a 2035 deadline to fully replace the bloc's fossil-powered truck fleet to keep in line with its climate neutrality 2050 goal, some 44 companies including several multinationals argued in a letter to EU leaders on Thursday that called for the timeline to be enshrined in law as soon as possible.

The Environmental Markets Trader will be primarily responsible for developing and capturing profitable commercial trading opportunities in multiple environmental attributes markets. Specific knowledge of carbon offset (both VCM and compliance), renewable natural gas, and responsibly sourced gas markets in North America will be critical for success.

Enhanced weathering (ERW), which can remove CO2 from the atmosphere for 10,000 years with very low risk of reversal, has been accredited as a methodology for the first time by Puro.Earth in a move that could accelerate the supply of removal credits in the voluntary carbon market (VCM).

EUAs continued to strengthen on Thursday morning, moving above €89 after the first above-market auction of the month amid bullish energy prices and as participants continued to eye next week's options expiry.

Carbon capture technologies can play a key long term role in global efforts to meet net zero emissions ambitions, but this is only likely to be realised if financial and regulatory barriers are overcome and if standards are developed to promote a greater role for carbon markets, industry observers noted at a conference on Thursday.

A large asset management firm has announced the acquisition of a majority stake in a Danish company that provides management and consulting services for natural resource investments, including carbon credits and conservation projects.

There is considerable potential for China, the world's largest rice producer, to reduce emissions in the agricultural sector through the introduction of biochar, though regulatory clarity is needed to further ignite project developers' interest, according to an industry expert.

Australia on Thursday announced it plans far-reaching reforms to its environmental and biodiversity protection laws in response to a recent independent review that concluded the nation’s nature is being destroyed.

Around 200 Indonesian carbon projects are currently in the development pipeline, however developers feel stuck between adhering to the government’s new regulatory requirements and the hold-ups in international project registration and credit issuances in the VCM, according to an industry head who warned that developers are considering ditching international standards all together.

Australia plans to impose stricter controls on greenhouse house gas emissions from large projects, including requirements to disclose plans to manage or offset emissions, Environment Minister Tanya Plibersek said Thursday.

Customer relationship management firm Salesforce on Wednesday announced a total $4 million in nature-related grants and accelerator funding for nine companies and organisation.

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

The goal of the EU-funded project LIFE COASE is to support EU and Member State policymakers in the implementation and development of the EU Emissions Trading Systems (ETS), including its integration with other carbon markets. To this end, LIFE COASE will establish the first observatory for assessment of the EU ETS, which will be a reference source of knowledge for policymakers and stakeholders. The EUI is the coordinator and single beneficiary of the project LIFE COASE.