Carbon Pulse

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

A Canadian VER investor has agreed to pay roughly €100 (C$130) per tonne to purchase biochar-based carbon credits from a Brazilian steelmaker.

California regulator ARB this week distributed much fewer compliance offsets compared to its prior issuance at the end of July, according to government data published Wednesday, while a surge in WCI allowance prices has widened the discount of offset values.

Next year's WCI-linked cap-and-trade floor price expectations narrowed after July inflation reversed course following months of substantial increases, according to federal data published Wednesday.

Provisions designed to tether fossil fuel leasing with renewable energy development in the US Inflation Reduction Act (IRA) will only slightly undermine the sizable GHG reductions expected from other components of the climate package, analysts said Wednesday.

Australia’s independent Climate Change Authority (CCA) on Thursday recommended ruling out consumption of offsets older than five years and phasing out the use of UN-issued carbon credits for voluntary purposes by 2025.

It is possible to scale the carbon markets fast and well, argues Carbon Growth Partners’ Charles Bedford. To do so, companies must stay focused on project quality, and countries must collaborate better.  

A Canadian startup crypto company is launching its carbon platform for voluntary carbon market (VCM) projects that will mint non-fungible tokens (NFT) and reward project owners and carbon offset holders with a recurring revenue model. 

Only one out of 20 industrial companies assessed in Australia passed a new test on their ability to meet their declared Paris Agreement goals, according to a study from three major universities published on Wednesday.

EUA prices dropped sharply in late morning trading on Wednesday as traders anticipated the UK allowance auction in the afternoon that was expected to lead to some selling of EUAs, while energy prices rose as tensions in Ukraine mounted after attacks on Russian forces in Crimea.

Australia’s Commonwealth Bank on Wednesday set targets for reducing its financed emissions in some carbon intensive sectors, while the weekly number of newly minted Australian Carbon Credit Units (ACCUs) fell to around 300,000.

The share price of Indian carbon offset developer EKI Energy Services slumped by nearly 20% on Wednesday in the fallout from India’s energy minister stating that the country would not export any carbon credits until it has met its international climate commitments.

Chinese observers are awaiting more policy clarity on the methodologies used for nature-based solutions, despite new development projects springing up across the country.

South Korea on Wednesday sold around 97% of the 2.3 million KAUs on offer in the environment ministry’s August auction, as the market remains upbeat over the projected reduced allowance surplus in the 2022 compliance cycle.

The New Zealand government’s lingering decision on whether to remove exotic plantations from the permanent category in the ETS is causing investor uncertainty in the forestry sector, while fears of the planting type’s impact on rural communities is unfounded, according to the industry. 

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

Canadian oil and gas producers could potentially receive compensation for reducing the same emissions under federal and subnational climate policies that incorporate carbon capture, utilisation, and storage (CCUS), threatening the environmental integrity of these programmes and deflating credit prices, experts told Carbon Pulse.

Czech utility CEZ reported a lagged hedged position for H1 on Tuesday despite increased coal-fired output and bumper earnings, giving a bullish signal for EUAs for the rest of the year.

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Uncertainty over whether host countries will allow carbon credits to be generated for the international voluntary carbon market (VCM) is only likely to be temporary, according to Dirk Forrister of business group IETA, who noted on Tuesday that governments are still figuring out how to use Article 6 international trade provisions to meet their Paris Agreement emissions pledges.