Carbon Pulse

China is aiming to expand domestic production of natural gas this year despite expectations of slower demand growth, a report has found, further underpinning the government's increased focus on fossil fuel-based energy security.

Japanese shipping company Mitsui OSK Lines (MOL) has acquired “in-principle approval” for the design of a large-scale liquefied CO2 (LCO2) carrier by the Tokyo-based classification group ClassNK, it announced on Tuesday.

A carbon industry group has urged the Australian Labor government to address skill shortages across the country’s carbon market supply chain, which they argue would cut emissions and create jobs in regional areas.

The Director-General of the European Commission’s climate directorate (DG CLIMA) has passed away at the age of 65, according to media reports.

South Korea has begun negotiations with 17 countries over potential bilateral carbon trading deals under Article 6.2 of the Paris Agreement, including major emitters such as Brazil, India, and Indonesia.

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

California’s plans to shore up its power grid maybe coming to a fork in the road, with Democratic lawmakers seeking to go all in on renewables and rebuke Governor Gavin Newsom’s (D) proposal to extend the life of the Diablo Canyon nuclear facility, a media outlet reported Monday.

Record-low California Carbon Offset (CCO) issuances are running up against strong demand ahead of the state’s first interim cap-and-trade deadline in the post-2020 era, while credits that provide direct environmental benefits to the state (DEBs) are continuing to trend upward in price, according to developers and market participants.

Gasoline sales in California in May rose to their highest levels so far this year but stayed beneath 2021 totals, while diesel consumption continued to decline from records posted in March, according to state data released Friday.

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A senior carbon analyst has started work for a Swiss-based company investing in carbon offset projects that is also planning to move into compliance markets, Carbon Pulse learned on Monday.

A Dutch carbon offset firm has agreed to sell voluntary carbon offsets from a Paraguayan REDD forest protection project in a deal designed to ensure the scheme’s long-term viability.

Verra is creating the new role of Senior Program Officer, Energy Innovation to support the development of new methodologies for the global energy transition and other technological greenhouse gas (GHG) innovation opportunities. The selected candidate will be at the forefront of the voluntary carbon market and innovative approaches to emissions reduction and removal.   

The recovery in voluntary carbon market prices accelerated over the past week in the tailwind of the US Inflation Reduction Act that will shower £430 billion on an assortment of climate change measures, healthcare policies, and tax credits on the world’s largest economy.

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EUAs edged back from recent highs early on Monday but stayed within range of Friday's record settlement as traders absorbed sharp increases in energy prices after Gazprom said the Nord Stream 1 pipeline would close for a brief maintenance.

This newly created consultant position will consist of growing and delivering a diverse range of stimulating consultancy assignments either in relation to energy access or forestry, or a combination of both.

Southwest China's Sichuan province has decided to extend industrial power rationing by an additional five days amid the ongoing record heat wave, sparking concerns over the fragility of the country's overall energy system.

The Clean Energy Regulator has issued some 723,000 new Australian Carbon Credit Units (ACCUs), as Japanese-headquartered gas company Inpex calls for LNG exemptions in the expanded Safeguard Mechanism and a local firm raises cash for future carbon projects.

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