Carbon Pulse

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

The recent passage of federal and subnational legislation to incentivise clean energy will keep the lid on an already soft California Carbon Allowance (CCA) market, analysis from a major US investment bank said Friday.

A US-headquartered nature-based solutions project developer has lost its Chief Sustainability Office to one of its partners.

Exchange operator ICE is changing its rules to allow market participants to use EU Allowances as margin cover, it announced Monday.

A Toronto-based VER investor expects to generate cash flow in 2023, though there is still no timetable for resolution to the Indonesian government’s temporary halt of offset issuances to the Rimba Raya REDD project, the company announced Monday.

Biofilica Ambipar Environment S.A. is hiring a professional to develop relationships and sales with companies to offer carbon credits in their portfolio.

Italy, the EU’s third-largest economy, is poised to be run by a hard-right coalition led by Giorgia Meloni after the leader of populist party Fratelli d’Italia (Brothers of Italy) came out as the absolute winner of the country’s snap elections, in a history-making victory set to put domestic gas supply and nuclear resurgence at the core of the national energy debate.

Italy, the EU’s third-largest economy, is poised to be run by a hard-right coalition led by Giorgia Meloni after the leader of populist party Fratelli d’Italia (Brothers of Italy) came out as the absolute winner of the country’s snap elections, in a history-making victory set to put domestic gas supply and nuclear resurgence at the core of the national energy debate.

Emissions under the EU ETS are likely to increase in 2022 as thermal generation increases, but also as more industrial companies are turning to petroleum-based fuels as an alternative to natural gas, according to bank analysts.

Emissions under the EU ETS are likely to increase in 2022 as thermal generation increases, but also as more industrial companies are turning to petroleum-based fuels as an alternative to natural gas, according to bank analysts.

Standardised nature-based offsets slumped lower over the past week as the wider marco-economic gloom and the strength of the dollar weighed on the market.

Standardised nature-based offsets slumped lower over the past week as the wider marco-economic gloom and the strength of the dollar weighed on the market.

Low-cost air carrier EasyJet on Monday announced it will soon stop automatically purchasing carbon credits to offset flight emissions as part of its net zero roadmap, and instead focus on a suite of other GHG mitigation strategies in its SBTi-aligned plan.

Low-cost air carrier EasyJet on Monday announced it will soon stop automatically purchasing carbon credits to offset flight emissions as part of its net zero roadmap, and instead focus on a suite of other GHG mitigation strategies in its SBTi-aligned plan.

The newly-appointed UK government aims complete its 'pro-business' net zero review by the end of the year, it said at the launch of the initiative on Monday as the main opposition party laid out a competing vision.

The newly-appointed UK government aims complete its 'pro-business' net zero review by the end of the year, it said at the launch of the initiative on Monday as the main opposition party laid out a competing vision.

Key European lawmakers from four major parties have endorsed a provisional stance that would help finance the REPowerEU strategy with €20 billion worth of carbon allowance sales solely sourced from frontloaded member state auctions spread over three years, a parliamentary source told Carbon Pulse.

There is a greater interoperability between compliance and voluntary carbon markets emerging as both governments and corporates beef up net zero commitments, but stronger policy signals and targets will be needed if the energy transition is to succeed, a panel of speakers at an oil and gas conference in Singapore claimed today.

EUA prices recovered from a sharply lower open on Monday as traders covered short positions, and extended gains after the strongest auction result in a month, while energy markets were weaker.

A carbon management platform has launched a new product to help financial institutions track their indirect investment emissions in light of a range of disclosure regulations being developed worldwide.