Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 45 min ago
Flowcarbon to list its tokenised credits on new blockchain offset marketplace
New York-based crypto climate firm Flowcarbon will make its GNT token and other carbon credits available for trading on the recently launched Senken platform.
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CP Daily: Thursday October 6, 2022
A daily summary of our news plus bite-sized updates from around the world.
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Private equity firm buys majority stake in nature-based project developer
A private equity firm has purchased a majority state in a French nature-based solutions project developer.
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Regional experts on market and non-market approaches to support the implementation of Article 6 of the Paris Agreement, IGES – Bangkok
Under the direct supervision of the Team Lead administratively for UNFCCC-IGES Regional Collaboration Centre for Asia and the Pacific based in Bangkok (RCC Bangkok), and in close collaboration and direction from substantive teams in Bonn, the expert(s) will support Parties within Asia and the Pacific on the implementation of Article 6 of the Paris Agreement.
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CARBON FORWARD: Last chance to join Europe’s premier carbon conference
The seventh instalment of Carbon Forward - the premier annual carbon markets conference - is back next week, and it's stacked with a first class line-up of speakers ready to discuss the risks and opportunities across the rapidly evolving global climate policy landscape.
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CCA prices to more than double by 2027, RGAs to rebound in late 2023 -analytics firm
CCAs are projected to rise to the first allowance price containment reserve (APCR) trigger by 2027, while RGAs are forecast to prompt a cost containment reserve (CCR) trigger price by 2024, according a report issued Thursday by a London-based analytics firm.
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NA Markets: CCA, RGA turnaround with broader market upswing
California Carbon Allowance (CCA) and RGGI Allowance (RGA) prices rallied alongside broader markets over the last week after nearly two months of declining price action.
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Brazilian bank voluntarily cancels largest ever batch of Kyoto credits
A Brazilian bank has voluntarily cancelled the largest ever batch of carbon credits issued under the Kyoto Protocol’s Clean Development Mechanism (CDM).
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EU Market: EUAs fail to re-test €70 amid REPowerEU doubts
EUAs inched up on Thursday following a strong auction but failed to match the previous session's move above €70, as traders fretted about the potential for the EU to advance more carbon sales to help pay for the REPowerEU's initiative.
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Macquarie announces new investment in carbon offset consultancy
Global financial service group Macquarie announced a new partnership on Thursday to establish a pipeline of “high-quality” nature-based carbon offset projects, with the aim to help corporates and other clients advance their climate commitments.
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Nearly half of world’s coal firms still seeking to expand -database
Although last year’s UN COP26 UN climate summit in Glasgow ended with an agreement to “accelerate efforts towards the phasedown of unabated coal”, almost half of the companies tracked by NGOs in a global database are still heading in the opposite direction.
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ANALYSIS: Disclosure on current, future use of carbon offsets to pave way to integrity pairing
Sunlight may soon shine into the opaque world of carbon credit use, with offset disclosure a key requirement under forthcoming corporate reporting rules – paving the way to credibility and integrity assessments at both the investor and policy-maker levels.
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A lot of “hurdles” to overcome before carbon pricing can spread across Africa -experts
There are a lot of challenges to overcome before carbon pricing systems can spread across Africa, experts told an event Thursday, despite recent announcements across multiple nations in the region that flagged markets in development.
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Norway to set floor price for its EU ETS compensation scheme
Norway is introducing a floor price for its indirect EU ETS cost compensation scheme to shield its energy-intensive industries from carbon leakage as the government seeks to rein in future costs.
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Maritime, energy players combine to develop “onboard” carbon capture tech to reduce shipping emissions
A consortium of players in the energy and shipping industries launched a project this week to explore the viability of carbon capture on vessels, reflecting a push to explore the utilisation of the technology to reduce emissions from shipping, a sector which is heavily dependent on fossil fuels but faces increasing pressure to decarbonise its operations.
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Western Australia EPA could rule out new projects with high Scope 3 emissions, Gorgon report says
The Western Australia Environmental Protection Authority (EPA) has flagged the possibility of not recommending new polluting projects based on their Scope 3 GHG emissions.
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NZ proposes to give local councils greater power over carbon forestry
The New Zealand government on Thursday proposed to give local councils a greater say in regulating carbon forestry as it launched yet another ETS consultation that pushed the NZU price up by almost 6%.
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Big corporate emitters fail to account for climate risk in their financial reporting, survey finds
Almost all of the world’s largest corporate emitters do not sufficiently acknowledge climate risks in their financial statements, leaving investors ‘in the dark’ as to whether and how their financial reporting takes into account the impacts of climate change, according to a report released on Thursday.
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New voluntary carbon asset venture launches for Asian market
A group of firms on Thursday announced the launch of a venture that will generate carbon credits and other environmental products across the Asian region for the voluntary market.
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CP Daily: Wednesday October 5, 2022
A daily summary of our news plus bite-sized updates from around the world.
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