Carbon Pulse

California regulator ARB issued the largest number of compliance offsets since March this week, according to government data published Wednesday, while offset discount values widened slightly as WCI allowance prices gradually recover from lows seen at the start of the month.

The US EPA’s proposed 2023 Renewable Volume Obligation (RVO) for the Renewable Fuel Standard (RFS) will introduce a new fuel pathway, and the agency will look at another emerging fuel type down the road, a government official said Wednesday.

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This role will serve as part of Wood Mackenzie’s global Carbon research team, in the Multi-Commodity Research (MCR) division. This is an excellent opportunity to join a strong, global team and make a major contribution to the energy transition at a global scale.

This role will serve as part of Wood Mackenzie’s global Carbon research team, in the Multi-Commodity Research (MCR) division. This is an excellent opportunity to join a strong, global team and make a major contribution to the energy transition at a global scale.

The Senior Analyst develops original research, analysis and forecasts on the state and trends of voluntary carbon markets. They will focus on carbon offsetting and on voluntary carbon markets - but are expected to have a general understanding of the broader carbon markets landscape.

EU parliamentarians voted on Wednesday to raise bloc-wide 2030 targets for energy efficiency and renewable energy while curbing biomass use, with both measures taking centre stage in the EU debate examining how to increase energy independence following the start of the Russian war in Ukraine.

It would cost just $20 billion to purchase the severely endangered areas of the Brazilian Amazon rainforest based on a conservative estimate by the CEO of a carbon offset technology firm in the country, a conference heard on Wednesday.

Traditional carbon market actors are deepening ties in the DeFi world as a veteran developer is partnering with a US crypto firm to develop a “blockchain-first” removals project, while Gold Standard has joined fellow certifier ACR in seeking views on creating digital tokens from their credits.

The current lack of understanding and development of a global carbon removals policy threatens climate goals with experts warning that there remains a lack of strategic thinking, focus on false solutions, and challenges with distinguishing between removals and reductions, ahead of crucial EU CDR policy proposal expected by the end of the year.

A carbon credit rating agency has awarded moderate gradings to two projects over the past week, while reaffirming the ratings of one of the nine projects it put 'on watch' last month. 

EU carbon prices traded either side of Tuesday's settlement in modest volume as the market absorbed European Commission president Ursula von der Leyen's 'State of the EU' speech on Wednesday morning, while energy markets were firmer in response to Commission proposals to address the bloc's energy crisis.

South Korea’s monthly CO2 permit auction held on Wednesday cleared just 0.6% below the secondary market, with bidding interest declining compared to the previous sale.

The European Commission will stick to its plans to propose a windfall levy on non-gas power generators in an attempt to redistribute what it sees as excess profits among households and businesses grappling with an unprecedented cost-of-living crisis, President Ursula von der Leyen announced on Wednesday.

Issuances for Australian Carbon Credit Units (ACCUs) shot up this week but are still down compared to previous updates, as an energy company voluntarily removed two landfill gas projects from the register.

Japan this week hosted more than 30 governments and organisations at a meeting aiming to launch a new global partnership this year to encourage more nations to participate in international emissions trade and implement Article 6 of the Paris Agreement.

The Malaysian state of Sarawak is expected to start trading carbon by next year, a government official told local media Wednesday.

The Australian government has added three women with climate background experience to the board of its Climate Change Authority (CCA), though concerns persist over some of its existing members, including its chair.

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

A US-headquartered nature-based solutions project developer has seen a surge in landowners voicing interest in enrolling their forests after the company receiving a TV ribbing by comedian John Oliver.