Carbon Pulse

Germany’s current proposals to cut transport emissions to meet national climate targets lacking sufficient ambition, an expert group of government advisors said in a report published Thursday.

European carbon traded largely sideways for a second day on Thursday as traders warily eyed further strong gains in energy markets and waited for more fundamental signals as the annual reduction in auction supply neared its end and EU policymakers prepared to return to work.

A UK-based fertiliser producer plans to temporarily halt ammonia output and import due to market conditions, the latest in a string of industrial shutdowns owing to sky-high energy prices.

A climate research and advocacy group announced on Thursday it had expanded its legal case against Australian oil and gas operator Santos for allegedly greenwashing its net zero plans, in a move that reflects growing scrutiny of energy company climate targets as well as the debate over gas’ role as a viable energy transition fuel.

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

California regulator ARB doubled the compliance offsets distributed this week compared to its prior issuance earlier in August, according to government data published Wednesday, while offset discount values narrowed with WCI allowance prices falling from early week highs.

Electricity sector CO2 output in California remained beneath last year’s levels in June despite inching up, according to recent data from the California Independent System Operator (CAISO), as renewables’ share power generation declined month-over-month.

The California-Quebec August current vintage auction settled at the lowest clearing price in a year, with the sale clearing the second-greatest discount to the secondary market on record and well below most traders’ expectations, according to results published Wednesday.

A California Senate committee will vote Thursday on whether to advance legislation that would adopt a more ambitious 2030 GHG reduction target for the state.

A New York-based CO2 removals manager and advisor received a $60 mln investment from two groups of venture capital and asset management firms, the company announced Wednesday.

A large project developer and a carbon removal credit platform have teamed up to scale biochar projects globally in the wake of certifier Verra publishing its methodology for this type of CO2 removal.

Oil rich Nigeria has unveiled its energy transition plan that targets an end to energy poverty by 2030 enshrines a 2060 net zero emissions goal, with key focus on power sector reform, gas and solar growth, and securing $10 billion of foreign investment per year to meet the climate neutral target.

A carbon credit rating agency has given a Verra-certified agroforestry project its lowest possible grading in its latest update.

Carbon struggled to reverse the losses of the previous two sessions on Wednesday morning as buyers were thin on the ground, while energy markets were mixed amid continuing uncertainty over winter supplies.

Japan will restart more idled nuclear plants and will consider the construction of next-generation reactors to ensure energy security, marking a major policy shift amid domestic opposition to nuclear energy a decade after the Fukushima disaster, media reported Wednesday, citing government officials.

A Canadian carbon removal tech firm has signed a contract with a major Seoul-based construction company to roll out its carbon mineralisation technology in South Korea.

A recently launched initiative to facilitate access to carbon markets for low carbon hydrogen projects will involve the development of a methodological framework and a stakeholder engagement platform as part of the aim to introduce the use of carbon credits to accelerate the decarbonisation of hard to abate sectors with hydrogen use.

As Senior Environmental Planner, Cap-and-Invest Program and Linkage, you will be the agency’s lead expert on the process Washington will use to explore linking the state’s Cap-and-Invest Program with other jurisdictions such as California and Quebec.

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

Offset standard developer and manager Verra on Tuesday welcomed two new senior staff from North American subnational government agencies, with both hires having significant experience with compliance-based carbon markets.