Carbon Pulse

German utility Uniper said its ETS-covered emissions rose 12% to 27.4 million tonnes in H1 as it shifted output to coal, it said in first-half0 results on Wednesday that revealed substantial losses owing to Russian gas curbs.

EUA prices rose to their highest in six months on Wednesday morning as the upward spiral in energy prices continued, with some traders now starting to eye a potential retracement in September, when allowance auction volumes increase and the reduced liquidity due to the holiday period comes to an end.

A major forestry group owned by the Chinese government has teamed up with several companies to jointly develop carbon sink projects in Inner Mongolia, one of the country's most forestry-abundant regions.

Woodside Energy has received A$10 million ($7 mln) from the Western Australian state government to go towards a renewable hydrogen production and refuelling station, as nearly 600,000 Australian Carbon Credit Units (ACCUs) have been issued in the carbon market.

Slovakia’s only aluminium plant will close later this year due to soaring power prices, the company's operator announced Wednesday.

Australian oil and gas Santos company has made final investment decision on its Pikka project in Alaska, claiming the 80,000 barrels of oil per day development will be a “net zero project” backed by carbon credits.

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

Offset standards body Verra published its VCS methodology for biochar Tuesday, outlining how emissions removals will be calculated using the increasingly popular carbon credit technique.

Traders have identified a roughly $2 range as to where the August WCI current vintage allowance auction will likely settle on Wednesday, with bullish market sentiment stemming from California Governor Gavin Newsom’s (D) ambitious climate plan running up against lighter speculator participation and a recent secondary market price leap.

Hedging emissions with vintage 2026 to 2030 nature-based offsets will cost more than $24 a tonne on exchange ICE, which launched ten new voluntary carbon market (VCM) futures this week.

Thousands of owners of small forestry plots in the US could be enrolled into carbon markets with the launch of a dynamic baseline methodology for calculating emissions that could be later rolled out to more than 100 countries globally, and help end the criticism of hot air, its proponents claim.

The EU’s total GHG emissions rose 6% year-on-year in Q1 but held below levels seen before the coronavirus pandemic, the bloc’s statistics office said in an update on Tuesday.

Conservation International leads an innovative international program focused on developing and implementing hybrid Green-Gray Infrastructure solutions for climate adaptation. The Nature-based Solutions Engineer/Senior Manager will be central to advancing this green-gray initiative, providing specialized technical and programmatic guidance to projects restoring and conserving ecosystems along alongside conventional engineering solutions as a climate adaptation strategy for people around the world.

EUAs rose to another three-month high early on Tuesday as energy prices continued to set records, with German cal-23 baseload power trading above €500/MWh for the first time amid widespread concerns that Europe may experience blackouts this winter as fuel supplies fall short of demand.

A carbon credit rating agency has put a high-yielding Verra-certified Indian renewables project on ‘on watch’ for a potential change in its grading after getting new information about the activity.

Malaysia’s Sabah state plans to develop legislation to introduce a carbon market within the next twelve months, according to local media reports.

The government of Guangdong province in China has updated its methodology for carbon sinks from the forestry sector in a a move observers say might signal a potential shift in the regulatory mindset to put more weight on issues like data quality.

The Australian carbon market has seen a drop in spot prices this week, with sentiment and individual transactions driving price movements rather than fundamentals or regulatory news.

Australian scientists have quantified the carbon market opportunity of restoring the ecosystems and landscapes that were damaged during the 2019, 2020 Black Summer bushfires.

Blue carbon ecosystems (BCEs) have significant potential for carbon sequestration globally, but to date this has been untapped due to constraints preventing a bigger role in the rapidly growing carbon market and other financial barriers, according to a study released this week.