Carbon Pulse

Malaysia has significant potential to utilise carbon markets to help meet the Southeast Asian economy’s climate targets, but this will require harmonising the design of voluntary and compliance markets, definitions of clear rules and guidelines for project development, and a scale-up of financing, a report has found.

An investment firm has highlighted the risks posed to the finance sector if its customers rely too heavily on carbon offsets to meet their climate goals, citing longstanding integrity concerns, while issuance of Australian Carbon Credit Units (ACCUs) rise.

PF Olsen Ltd is looking for an experienced, agile, and motivated person to fill a Senior ETS Consultant role in New Zealand.

EKOS is seeking a senior nature-based solutions consultant.

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

To support its growth around the world, Tradewater is seeking a Program Manager to lead our greenhouse gas collection and destruction projects in Asia and the Pacific region. These projects typically involve finding and procuring old refrigerants at the end of their useful life, and building the systems and partnerships needed to have them safely destroyed according to published carbon offset protocols.

A German-headquartered energy and carbon trading platform, which has branded itself a “digital alternative” to traditional exchanges and brokers, has closed a Series B financing round with the support of oil major Chevron.

British Gas has offset its energy production using hundreds of thousands of old carbon credits from a Chinese industrial gas project that have been banned in Europe due to their questionable environmental integrity.

Emitters cut down their California Carbon Allowance (CCA) net length to end five straight weeks of growth, while financial players followed suit in both the WCI and RGGI markets, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

California's cap-and-trade programme grew to a record number of accounts in the third quarter amid interest from speculative and compliance entities, according to data published Friday.

In Brazil’s presidential elections that kick off this Sunday, pitting far-right incumbent Jair Bolsonaro against far-left former president and current front runner Luiz Inacio Lula da Silva, the country’s path forward on climate policy – including the fate of a carbon market – hangs in the balance.

EU nations lack the legal means to apply corresponding adjustments for carbon projects on their territories, a report commissioned by the Finnish government pointed out on Friday, complicating matters for companies seeking to buy carbon credits across the bloc.

A Canada-based voluntary carbon investment firm has agreed to buy around 2.5 mln VCUs from a Indian rise farming project.

Major clips of VCS-certified REDD credits lacking CCB co-benefit certification were being offered at a $5 discount to VCS-CCB units on Friday, highlighting a hefty premium for nature units that can meet the specification requirements for delivery into futures contracts on the CME exchange.

The 27-nation EU rapidly sealed a “political agreement” on an emergency package aimed at mitigating spiralling energy prices on Friday, in what was only the first - and arguably least important - part of a meeting largely dominated by differences on how to intervene in the gas market.

Some European carbon retailers and consultancies have started to request prices for voluntary carbon market credits in euros rather than dollars after the Eurozone's common currency sunk below the greenback.

Airlines head up the list of companies by sector that have bought and retired credits in the voluntary carbon market (VCM), according to analysts that nonetheless encountered considerable information gaps.

EUAs extended gains into a second day on Friday as traders continued to cover short positions after prices had tested support levels, while energy markets eased as the EU ministers agreed on a package of measures to address energy costs, but failed to agree on a price cap on natural gas imports.

A Japanese oil and gas company has become the first to release a third-party verification report of its handling of “carbon neutral” LNG, while announcing that from the current financial year it will use domestic J-Credits instead of international units for such purposes.

Targeting the distribution of revenues directly to households and users most in need of financial support is the most effective means of defending carbon pricing in the face of mounting political and social pressure to reduce energy costs this winter and beyond, according to research published Friday.