Carbon Pulse

Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.

The US and China will resume official talks on climate change, after their leaders held a meeting at the G20 Summit in Bali on Monday, raising hopes that the move will spur substantial progress to the so-far sluggish COP27 negotiations in Sharm el-Sheikh.

*PREMIUM LISTING - This is a full time position reporting to the Director, Development. The Manager will be supported by 3Degrees’ operations team, which oversees ongoing project monitoring, reporting, and verification to create environmental attributes, as well as the carbon and transportation commercial teams, which manage the sale of the attributes.  

Verra is looking for a Senior Program Officer, Forest Carbon Innovations, to support our technical work to advance forest-related activities that generate climate and other environmental and social benefits.

India published its long-term climate strategy on Monday that will steer the world's third biggest emitter towards meeting a net zero target by 2070, focusing on technological solutions such as scaling hydrogen and CCS, reducing household demand, and phasing out its coal production.

The Paris Agreement’s carbon trading rulebook offers ways for non-UN member Taiwan to participate in the emerging Article 6 market, though it would require extensive cooperation from seller countries and updates to domestic legislation, according to experts.

Commodity trading platform Nodal Exchange and environmental products developer IncubEx will launch a Washington carbon allowance futures contract across several vintages ahead of the newest US cap-and-trade market kicking off next year, the companies announced Monday.

In a report announced at the UN's annual climate in Egypt, several countries including Chile, Morocco, and India have emerged as consistently performing well across metrics that consider emissions per capita, policy outlook, and energy use as they edge nearer to leading Scandinavian nations, but no single country was found to be on a 1.5C-aligned pathway.

EUAs traded yet again in a narrow range during the morning as traders awaited directional signals, while energy prices rose after a major North Sea field suffered an outage.

Australia is pressuring multilateral finance institutions, such as the World Bank, to unlock climate finance for developing nations, as it seeks to re-establish itself as an international leader on the climate change after almost a decade of policy stubbornness on the world stage.

UN COP27 climate talks hosts Egypt have tasked officials to continue negotiations for two more days before ministers take over, maintaining current formations despite slow-going during the first half of the two-week summit on issues such as Article 6 carbon markets.

ExxonMobil and Indonesian national oil company Pertamina have signed a $2.5 billion agreement to further assess the development of a regional carbon capture and storage hub in Indonesia to sequester CO2 from domestic and international sources, they announced over the weekend.

It’s the second Monday – Gender Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today's news from the summit as well as announcements over the weekend. Timestamps in local time (EEST, GMT+2).

The Asian Development Bank (ADB) has signed a Memorandum of Understanding (MoU) with Indonesian counterparties to explore the early retirement of a coal-fired power station under the bank’s Energy Transition Mechanism (ETM), it announced on Monday.

The ETS Officer is responsible for supporting and delivering excellent services to Carbon Forest Services’ client base.

The Max Carbon programme is providing the first opportunity to step back and consider how forests are included in the regulations and how this aligns with the outcomes being sought within the ETS and wider outcomes [e.g. biodiversity, alternative species].

BeZero Carbon has secured $50 mln in second round funding as it seeks to establish itself as the market leading ratings agency in the global voluntary carbon market.

We're halfway through COP27 and there's been no shortage of news and announcements from this year's UN climate talks in Sharm el-Sheikh.  Below is a recast of the *44 articles* published by Carbon Pulse relating to the first week of the summit.

The Papua New Guinea government will entrust its carbon regulation framework to a UAE-based company launched less than a month ago, according to media reports, adding to campaigner concerns that the number of actors involved in the heavily-forested nation's climate policy was creating confusion.

Carbon market players have raised long-running concerns about the prospect of a grievance mechanism being designed under Article 6.4 of the Paris Agreement at COP27 in Sharm el-Sheikh, as little progress was made by parties Saturday.