Carbon Pulse

At least 29 mln forestry conservation (REDD) credits from 12 projects accredited by Verra over the last eight months could be retroactively backdated with the co-benefit Climate, Community and Biodiversity (CCB) standard, boosting their value, analysts have suggested.

UN climate talks opening in Egypt this week are unlikely to have the same emphasis on carbon markets as last year's Glasgow summit, but experts expect development on crucial details underlying Article 6 of the Paris Agreement and how it impacts the voluntary carbon market (VCM) and global climate policy. 

The Massachusetts Global Warming Solutions Act (GWSA) cap-and-trade system registered its highest emissions total for a third quarter in four years, making it all but certain that CO2 output will exceed the adjusted 2022 allowance budget for the power sector programme, according to data updated this week.

A veteran European carbon trader has joined a London-based investment firm to establish a trading desk for carbon and power.

Xpansiv is launching a standardised spot contract for cookstoves offsets next month that hopes to overcome general criticisms of poor quality projects in the voluntary carbon market (VCM) with the requirement of achieving at least five sustainable development goals (SGDs).

The US and UAE have signed a partnership to catalyse $100 billion of investment in clean energy projects and add 100 GW of clean energy globally by 2035, state news agency WAM reported on Tuesday.

EUA prices fell for a second session early on Tuesday, further trimming last week's 18% gain as a weak auction dampened sentiment and energy prices continued to decline as the short term demand outlook remained bearish.

G20 countries and multilateral development banks (MDBs) provided at least $55 billion per year in international public finance for oil, gas, and coal projects between 2019-21, nearly twice as much as was provided by from those sources for clean energy over the same period, a report from non-profit climate groups revealed on Tuesday.

A carbon accounting start-up has launched a platform aiming to help enterprises account for and cut Scope 3 emissions, which often represent more than three-quarters of corporate carbon footprints.

There will be no intervention to inject additional UK allowances into the British carbon market until at least May 2023 after the latest step-change to the formula used to calculate the trigger price for the market’s cost containment mechanism.

Australian Carbon Credit Unit (ACCU) issuance soared to nearly 750,000 units in its latest update - over half of them to landfill gas projects - while the Clean Energy Regulator (CER) urged companies to opt in to next year’s Corporate Emissions Reduction Transparency (CERT) report.

Chinese regulators have jointly released an implementation plan to establish a wide range of emissions-related standards to realise carbon neutrality.

A tech firm specialising in allowing users to tokenise carbon credits will introduce know-your-customer (KYC) requirements on some of its services in an effort to meet expected demands from major offset standards.

Oil and gas companies are showing improvement in their measurement and reporting of methane, but efforts by the industry need to accelerate so that emissions of the potent greenhouse gas can be reduced quickly enough to align with a 1.5C pathway by 2030, a report released this week said.

Emissions from New Zealand’s liquid fossil fuel sector climbed in 2021-22 while several other sectors reported a drop in carbon output, according to regulatory reporting, as GHG emissions have not yet returned to pre-pandemic levels.

The Indonesian Stock Exchange (IDX) has partnered with a Singapore-based digital exchange to develop the country’s carbon trading system.

A major Australian bank has announced a raft of senior hirings for its commodity, trade, and carbon team, including a new head of carbon business joining from Pollination Group.

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

RGGI-regulated entities increased year-on-year CO2 output in the third quarter of 2022 when adjusting for exemptions and unreported emissions from Maryland power generators under the cap-and-trade programme, according to data published Monday.

Luiz Inacio Lula da Silva will attempt to restore Brazil’s role in addressing climate change after winning the country’s presidential election on Sunday, but a stronger presence of ousted President Jair Bolsonaro’s party in Congress from next year will complicate legislative efforts to do so.