Carbon Pulse

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Carbon prices retreated on Monday, breaking a three-day winning streak as gloomy macroeconomic sentiment prevailed, while some profit taking was also identified after prices reached a four-week high on Friday.

Saudi Arabian energy company ACWA Power has signed a Memorandum of Understanding (MoU) with two state-owned Thai companies to launch a $7 billion deal to develop green hydrogen capacity in the Southeast Asian country for domestic use and exports, it announced over the weekend.

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has teamed up with a local government in Hainan province to jointly work on forestry carbon sink projects, as it prepares to get into the domestic offset market despite the years-long absence of national voluntary regulations.

A Singapore-based company has formed a partnership with a German certification provider to help companies measure their emissions and develop a rating system of their performance, they announced on Monday.

China's energy regulator on Friday issued a draft of trading regulations for the country's spot power market, a move considered crucial to make a transition towards market-based electricity pricing and improve the effectiveness of the national emissions trading scheme (ETS).

The International Carbon Credit Advisor will join Aurecon's advisory business.

Aurecon is looking for a caron market analyst to join its advisory business.

Voluntary carbon offset provider Climate Impact Partners retired nearly 6 million Certified Emission Reductions (CERs) units in November, as issuance of Australian Carbon Credit Units (ACCUs) dropped off.

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

Climate change risks triggering localised “tipping points” in the Amazon rainforest that could have severe consequences, a new study has found.

A carbon credit ratings agency has changed its scores for ten projects as part of two sectoral portfolio reviews this week, while one of the market's biggest credit issuers had its lofty rating upheld.

An open-access service rating the quality of projects in the voluntary carbon market expects to cover four-fifths of issued carbon credits by Q3 2023 amid plans to add five more project types.

As the number of countries announcing bilateral emissions trade agreements and partnerships has increased, Carbon Pulse has launched a tracker to monitor such arrangements as updated national climate plans also point towards a rise in the use of cooperative approaches.

Norway and Switzerland signed an agreement on Friday to strengthen ties on carbon capture and storage (CCS) and carbon dioxide removal (CDR), with the Alpine nation eyeing Norway's vast carbon capture potential to help it reach net zero emissions by mid-century.

A global offset project developer and carbon market investor has made further inroads into the Argentinian market by signing a second partnership this month with a regional government in the country.

Colombian offset project development may slow after the government halved the credit usage limit against the national carbon tax this month, but the simultaneous expansion of the $4/tonne fee to coal and interest from voluntary market buyers could help sustain demand, stakeholders told Carbon Pulse.

EUAs rose for a second day as traders eyed a key technical level in early trade, before sinking back amid profit-taking in a quiet session, as US traders were expected to be absent for a second day.

A group of companies have urged the Science-based Targets Initiative (SBTi) to adopt more robust requirements for the use of permanent carbon removal technologies in the organisation’s corporate net zero standard, a document which aims to steer corporates on an emissions reduction pathway that aligns with a 1.5C scenario.

Trading volume in China's national emissions trading scheme continued to increase over the past week as thermal plants began to sell extra allowances to cover their financial losses, while the offset market remained depressed amid severely limited supply.