Carbon Pulse

Permits covering more than 300 million tonnes of CO2 were surrendered during the first year of Germany’s domestic emissions trading scheme, the government announced Monday.

California gasoline sales in July climbed slightly from June but still remained below 2021 totals, while diesel consumption fell from last month’s year-to-date high, according to state data released Monday.

An international engineering firm has announced it will acquire an Australian carbon analysis and consulting firm in order for both to mutually benefit from their respective skillsets.

The EU aims to increase the ambition of its nationally-determined contribution (NDC) to the UN Paris Agreement in light of its ongoing work to strengthen domestic climate policies, the bloc's ministers said Monday in agreeing the bloc's mandate for the COP27 UN climate negotiations in Egypt next month.

Switzerland has received more than 20 million UN-backed carbon credits that the government will use to cover its 2013-2020 emissions target under the UN Kyoto Protocol, the transferring body confirmed on Monday.

Standardised voluntary emissions reduction (VER) prices lost as much as a fifth of their value over the past week, amid ever-growing concerns that companies would put offset buying on the back burner as they grapple with major macro-economic woes.

A US carbon removals marketplace has teamed up with a global life science conglomerate to expand its offsets platform for farmers that adopt a suite of sustainable agricultural practices, the firms announced on Monday.

Saudi Arabia's public investment fund (PIF) will auction carbon credits generated from 16 projects on Tuesday, according to sources familiar with the situation, as the country announced the creation of a firm to manage its voluntary carbon market activities and spur efforts to become a regional hub.

Canadian investment bank TD Securities (TDS) has hired a North American carbon and VER trader from Australia-based financial services firm Macquarie.

Three veteran European carbon analysts are leaving Refinitiv to join a rival market intelligence firm that is assembling a crack team of emissions trading experts, Carbon Pulse has learned.

It is crucial the capacity built under the 250-plus methodology CDM is used rather than starting from scratch for the mechanism under UN Paris Agreement Article 6.4, experts told an event on Monday, stressing the need for pragmatism given the time pressures and complexity of the task ahead.

The International Sustainability Standards Board (ISSB) will include Scope 3 emissions in its forthcoming climate standard, recommending mandatory reporting of emissions associated with companies value chains, a controversial requirement that may not survive the US version.

Strong compliance demand for carbon credits and increased Australian Carbon Credit Units (ACCU) issuance are likely to mute the potential market disruptions that could follow in the wake of the ongoing Chubb Review, according to analysis released Tuesday.

EUAs clawed back some of their early losses on Monday morning after a firm auction, but the market firmly entrenched in its recent range as traders await signals that would trigger a breakout while energy prices continued to weaken amid healthy gas supplies and above-average temperatures.

Thermal power generation in China continued to rise in September amid increased coal output, while total generation growth saw a minor decline from a year ago, government data showed Monday.

An Australian fintech firm on Monday launched a blockchain-based trading platform for tokenised Australian Carbon Credit Units (ACCUs) that makes it possible for individuals and small firms to trade the government-issued offset units.

The NZ EPA is looking for someone to initially help with its market governance work with the Ministry for the Environment. The candidate will also work closely with our Finance, Legal and Regulatory Service teams developing business cases and budget bids for a variety of projects.

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

Compliance entities boosted their California Carbon Allowance (CCA) and RGGI holdings in 2022 vintages, while financials picked up both 2022 and 2023 vintage CCAs while reducing RGGI holdings this week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The 8th US Circuit Court of Appeals ruled in favour of President Joe Biden's $51/tonne social cost of carbon (SCC) on Friday, a verdict that likely pushes the case by the Republican states closer to the conservative-majority Supreme Court.