Carbon Pulse

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

Offset prices slipped lower over the past week, wiping out August’s gains, and eroding hopes the voluntary carbon market was escaping the clutches of the inflation-induced global economic slowdown.

Energy ministers will meet later this week in a scramble to agree on a rapid fix to soaring energy prices, when options on the table will include establishing price caps, suspending power derivatives markets, taxing windfall profits by clean energy firms and fast-tracking the sale of EU ETS units held in the MSR.

The Nova Scotia government on Friday submitted an output-based pricing system (OBPS) as its proposal to meet Canadian Prime Minster Justin Trudeau’s ‘backstop’ CO2 pricing requirement, which if accepted would mark an end to the Maritime province’s carbon market.

The European Commission is analysing how emitters partake in the EU ETS in order to better understand their motivations for using certain trading channels and to identify any barriers to participation.

EUA prices tumbled as much as 5% on Monday morning as gas and power prices soared following Russia's extended closure of the Nord Stream 1 pipeline, and traders speculated over EU measures to cap energy prices.

Germany will freeze the price increases of its domestic carbon pricing mechanism for one year as part of a monster €65 billion relief package it hopes will ease the strain of sky-high energy prices on its industry.

A handful of countries made some progress this summer in handing out their share of this year’s free carbon permit allocations under the EU ETS.

A Hong Kong-headquartered gas company with a major presence in Mainland China has joined an initiative that seeks to establish the financial hub as the main connection point between the Chinese and global carbon markets.

Australia has awarded two permits to Santos and Chevron to explore potential CO2 storage sites off the coast of Western Australia, as the companies continue to pursue large-scale CCS opportunities.

This role will primarily involve leading LMS Energy’s carbon strategy and influencing stakeholders in relation to carbon policy.

An exciting time to join the Carbon Solutions team in this newly created Manager – Carbon Policy & Markets role is now available.

Carbon Link is seeking a Carbon Farming Advisor to join its team.

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

Emitters hit a nearly 1.5-year high in their California Carbon Allowance (CCA) net length this week, while financial players slightly decreased their position following the publication of the Q3 WCI auction result and the August contract expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Two leading academic experts showed professional constraint on Friday during a heated debate on opposing economic growth models, including whether continuous growth can be sustained in a landscape of accelerating climate change.

The newly-minted Canadian Clean Fuel Regulations (CFR) are in danger of not living up to their GHG abatement potential and continuing to incentivise fossil fuel production, while expectations for credit supply from CCS projects and overall prices remain uncertain, according to low-carbon transportation groups, analysts, and market participants.

The summer holidays are over. Carbon traders had a fun August in which EUA prices went up €22 and then went back down €22, but now the grown-ups are back from the beach and stuff's getting real, writes Alessandro Vitelli.

Germany is set to extend the lives of two nuclear power plants beyond this year based on results of soon-to-be-published security of supply tests, according to domestic media outlets, a move that would further ease pressure on energy supplies as mandatory demand cuts start to bite.

The UK government has awarded £3.3 million in funding to research the next generation of cutting edge nuclear reactors, a day after outgoing Prime Minister Boris Johnson pledged a “Great British nuclear campaign” that will see eight new plants built.