Carbon Pulse

A coalition of eight European business associations has called on the EU not to limit participation in the bloc’s emissions market, saying that blocking financial institutions from trading EUAs would reduce liquidity, raise the risk of auctions failing and raise costs for industrial companies.

A US-based conservation organisation on Monday announced it has gained funds from President Joe Biden’s administration to help extend the reach of its forest carbon offset programme for small landowners.

The world's second largest aircraft leasing firm will start offering its airline customers carbon credits in its leasing contracts and plans an initial $53.3 million investment to source carbon credits from cookstove projects.

Aon on Tuesday announced plans to become the first major insurance provider to partner with a project financier to help de-risk nature-based projects vulnerable to fire and other perils.

California Low Carbon Fuel Standard (LCFS) credit values declined to a five-year low on Monday afternoon before swiftly rebounding, although sell-side pressure continues to influence the clean fuels market.

A dearth of REDD recent-vintage issuance coupled with news of a slight year-on-year increase in offset retirement levels helped push up nature offset prices over the week, although liquidity remained thin.

New York City's plan to rapidly slash emissions from its buildings will not include a cap-and-trade option, even as a study required by the Big Apple’s climate law showed benefits of adopting such a mechanism, according to municipal government documents.

EU nations are seeking opt-outs to a mandatory revenue cap for non-gas power producers, according to a leaked draft seen by Carbon Pulse on Tuesday, while Bloomberg reported that ministers were still considering alternative ETS auction revenues to fund the RePowerEU plan.

US software giant Salesforce launched its Net Zero Marketplace on Tuesday, offering carbon credits vetted by third party ratings agencies while also announcing its inaugural providers and other partners.

EUA prices shook off the bearish implications of reports the EU is considering boosting near-term allowance sales to post healthy gains on Tuesday morning amid a better-than-average auction result, while energy markets weakened for a third day.

Guangzhou, the capital of China's Guangdong province, has announced a new plan to encourage the development of green finance by incorporating companies' carbon ledgers into existing credit information platforms, a move considered to help improve data integrity and transparency in the sector.

Faltering international collaboration threatens to undermine action to tackle climate change and could delay the achievement of net zero emissions by decades, the International Energy Agency (IEA) warned in a report released on Tuesday.

Papua New Guinea has launched its first biodiversity and climate fund and is calling for project submissions that focus on biodiversity protection, climate change resilience, and nature-based solutions.

Australian iron ore producer Fortescue Metals Group (FMG) will spend $6.2 billion by 2030 to eliminate its fossil fuel consumption and reach “real zero” emissions across all its iron ore operations, the company announced on Tuesday.

The most polluting facilities covered under Australia's Safeguard Mechanism should not be given special regulatory treatment, according to an environmental group, instead calling for the government to offer strictly limited technology investments as part of a broader shakeup of the scheme.

NatureCo has multiple roles available for Carbon Project Officers at different levels of experience from junior through to senior.

The EU plans to increase the ambition of its nationally-determined contribution (NDC) to the UN Paris Agreement by a “few percentage points” in light of its ongoing work to strengthen domestic climate policies, Reuters reported on Monday, citing a draft document.

A major auditor has validated a methodology for permanent carbon removal through direct air capture (DAC) and underground mineralisation storage, paving the way for using carbon finance to scale up the nascent and costly technology.

The appointed body overseeing the UN’s new carbon crediting mechanism began its second-ever meeting on Monday, with limited time remaining to shape recommendations before the Egypt COP27 UN climate talks this November, including on fee levels related to project registration and credit issuance.

*PREMIUM LISTING – The Executive Director will be responsible for standing up the new entity and driving its success. The Executive Director will manage a team of 6-8 people to implement the work programme of the Climate Warehouse.