Carbon Pulse

EDF is seeking a Director, Voluntary Carbon Markets and Accountability, to identify strategic opportunities for advancing the use of high-integrity voluntary carbon markets to achieve near-term climate action; to manage related advocacy efforts; and to collaborate across EDF mission areas.

Climate-related finance demands are very likely to grow in the coming weeks and months, as nations meet in high-stakes nature negotiations in Montreal, and discussions escalate elsewhere on broader global-financial-system reform pursuant to the climate crisis.

The EU should made a swift exit from the Energy Charter Treaty (ECT) rather than the “reflection period” Brussels has advocated, a leading EU Parliamentarian on the issue urged on Monday just ahead of a crunch meeting of Charter member countries.

The rise in open interest in the N-GEO future and a slight uptick in the spot N-GEO proved the bright spots for a voluntary carbon market that remained stuck in the doldrums last week amid a lack of year-end mitigation demand.

The EU ETS reforms should replace free allocation with border measures more quickly and better take into account resource saving to boost the market's effectiveness, a recycling industry group has urged as the latest round of legislator negotiations looms.

Compliance offsets in Washington state’s cap-and-invest programme that kicks off in January will garner robust demand and competitive prices, but officials must incorporate lessons-learned and other changes to the California-modelled carbon market design in order to attract project developers from the voluntary market, experts told Carbon Pulse.

EUAs got off to a robust start to the week on Monday, with prices climbing as much as 3.2% in the morning as demand appeared to be returning to screens, while energy prices were boosted by forecasts for cooler weather across northern Europe.

Efforts to achieve CO2 emissions and clean energy targets have made China the world leader in deploying renewable energy and nuclear power, but have not yet been sufficient to peak the country's CO2 emissions from fossil energy consumption, a report published on Monday found.

Taiwan should allocate more resources to explore the potential of blue carbon, an emerging field that could absorb roughly one-third of the additional offsets from carbon sinks pledged by the government, an NGO report has found.

A global developer of carbon credit projects has entered into a strategic partnership with a Melbourne-based firm to roll out offset projects in the Australian agribusiness sector.

Singapore and Peru signed a Memorandum of Understanding (MoU) on the sidelines of COP27 in Sharm el-Sheikh to collaborate on carbon markets in alignment with Article 6 guidelines, both countries have announced.

That's a wrap. The final gavel came down in Sharm el-Sheikh shortly after 0700 local time on Sunday morning, making COP27 the second-longest running round of UN climate talks. Here's a recast of the *103 articles* published by Carbon Pulse relating to both weeks of the summit.

Negotiations on a new UN carbon crediting mechanism took only limited steps at COP27 climate talks in Sharm el-Sheikh this month, but some believe the process is providing a clear signal to the shape of the current voluntary carbon market (VCM) that will be hard to ignore.

Here are selected expert reactions to the Sharm el-Sheikh Implementation Plan, which was concluded at the UN COP27 summit early on Sunday, along with a snapshot of key announcements made at the two-week event.

UN climate talks closed early on Sunday morning with an agreement to establish a loss and damage fund for vulnerable countries, but negotiators failed to extend a global coal phasedown to all fossil fuels.

Government officials adopted text on UN carbon markets on Saturday afternoon that sources deem unlikely to be reopened again at COP27 in Sharm el-Sheikh, with negotiators deferring many battles until next year.

Papua New Guinea has become the 25th country to agree to a bilateral framework with Japan for developing projects that will generate Paris-aligned carbon credits.

It’s Saturday - overtime - of week two at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up some of today's developments and announcements from the summit. Timestamps in local time (EEST, GMT+2).

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

Country negotiators striving to find consensus on key documents relating to carbon markets under Article 6 of the Paris Agreement are divided by the near-final texts as the end of COP27 approaches, multiple sources said, with moves to postpone work until 2023 looking increasingly likely.