Carbon Pulse

The voluntary carbon market (VCM) should remain distinct from the sovereign market of the Paris Agreement, a consortium of London players have argued ahead of crunch UN talks at COP27 in Egypt next month.

The global aviation industry is at risk of ignoring severe warming effects that come from other harmful greenhouse gases, with most net zero roadmaps overlooking the non-CO2 effects of the forecast rise in demand for air travel, a conference heard Monday.

Backed by most of the key players in the blockchain-based carbon market, a Web3 group on Monday launched a service aimed at improving offset transparency by offering storage options for the attributed underpinning carbon credits.

EUAs continued to consolidate in their recent channel early on Monday despite a weak auction, as traders maintained a watching brief for news on the EU's REPowerEU initiative while energy prices weakened as the bloc's gas reserves continue to rebuild ahead of their mandated pace.

The global pipeline for carbon capture and storage (CCS) has grown to a new record level of 196 projects, according to the latest status report from an industry group, although the total capacity of facilities either operating, under construction, or in development still accounts for a small fraction of global GHG emissions.

The spot price for Australian Carbon Credit Units (ACCUs) has steadily dropped off in recent weeks, even as steady demand for Chevron has pushed the cancellation tally for the domestic credit above the 1-million mark for the first time.

Blue carbon projects could potentially be worth more than agricultural land, thanks to its potentially massive carbon sequestration potential and keen investor interest, according to an Australian carbon consultancy.

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Speculators in the New Zealand ETS added almost 12 million NZUs to their total holdings in Q3, according to government data, as the value of the permits rose over the period.

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Conversations around missing demand echoed in the hallways of London's Royal Institution on Friday, the final day of this year's Carbon Forward conference, where navel-gazing voluntary carbon market (VCM) participants opined over the possible reasons, which ranged from a souring global economy, to the increased reputational risk linked to using offsets, to confusion and frustration over a reforming process to meant to make the market less confusing and frustrating.

The surplus of voluntary offsets globally could be quickly whittled away by a rising tide of companies seeking to compensate commodity shipments, a conference heard Friday.

Compliance entities reversed course and padded their California Carbon Allowance (CCA) holdings this week, while financial players shortened their WCI positions but lengthened in RGGI, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUA prices are expected to take four years to recover to recent levels as the EU grapples with a darkening economic outlook and record energy costs, as well as an expected shift in supply towards the front of the curve as the bloc sells more allowances, according to an updated analyst forecast.

A group of progressive US senators on Thursday called on the US Commodity and Futures Trading Commission (CFTC) to implement strong accountability, robust standards, and rules governing the voluntary carbon market, as well as to investigate current VER futures contracts.

A minimum price of $20/tonne would be required across the voluntary carbon market for there to be high integrity climate impact from quality projects, according to analysts speaking at the Carbon Forward conference Friday.

A European energy and carbon market intelligence firm will start providing insight on US carbon markets, adding to the growing list of analysts dissecting North America's  programmes.

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