Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 32 min ago
Crypto activists plans to turn oil block in DRC into VCM project
Some of the crypto community are planning to save at least one oil block put up for sale in the Democratic Republic of Congo (DRC) by turning their conservation efforts into a voluntary carbon market (VCM) project.
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Euro Markets: Midday Update
EUAs were little changed in the morning session on Thursday after a weak auction result dragged prices back from a 12-day high, while energy markets relaxed slightly on news that a major US Gulf LNG export terminal would restart faster than expected after repairs.
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Pellet imports from Estonia may breach UK sustainability law
A new analysis published by a coalition of environmental groups in the UK has argued that the country's demand for wood pellets to generate biomass energy is harming Estonia’s forests and ecosystems, including protected nature reserves.
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Analysts cautiously optimistic for India’s carbon market framework as details still to emerge
A bill to establish a national framework for carbon market trading and mandate low carbon energy use that was introduced to India’s parliament on Tuesday has been met with cautious optimism by analysts, with specific details over how it will operate to further the government’s emissions reduction agenda still to be developed.
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China’s coking industry aims to peak emissions by 2025
China's coking industry has pledged to peak greenhouse gas emissions by 2025 through technological breakthroughs, echoing a similar commitment made by the country's steel sector.
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Data & Carbon Finance Analyst, BioLite – Nairobi/West Africa
BioLite seeks a candidate with well-developed quantitative skills, proficient English writing skills and preferably, experience with developing carbon finance projects.
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Crypto groups get to work on KYC solutions for blockchain carbon market
Crypto carbon group KlimaDAO has teamed up with a start-up Web3 company to work out how the blockchain carbon market can address know-your-customer (KYC) requirements from offset standards such as Verra.
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Australian gas company commits to coastal wetlands restoration work
An Australian gas producer has entered into a three-year partnership with a Victorian university to restore critical coastal wetlands, as private-sector interest in blue carbon continues to grow.
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NZ Market: NZUs hold after ETS reform price surge
Spot prices for NZUs have drifted sideways in the week following its dramatic price rise in reaction to the ETS reform recommendations, holding firm around the highest levels seen in the market since early March.
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CP Daily: Wednesday August 3, 2022
A daily summary of our news plus bite-sized updates from around the world.
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Bahamas’ blue carbon market lets developed world off the hook for CO2 emissions -scientist
The Bahamas is letting the developed world avoid addressing its disproportionate responsibility for climate change by creating a ‘blue carbon’ market to protect the Caribbean islands' large seagrass meadow, a scientist has warned.
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Price gap widening between OTC and futures market for new nature-based VERs
Nature-based, standardised spot and futures VER values remained in the doldrums Wednesday amid inflation-triggered economic uncertainty, widening the gap below a bespoke voluntary carbon market (VCM) where prices are climbing higher for newer vintage credits.
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Voluntary carbon market value approaches $2 bln in 2021
The annual value of voluntary carbon market (VCM) transactions skyrocketed to nearly $2 billion last year, with both VER prices and traded volume increasing markedly year-on-year, a recent report showed.
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Ship coating project given a low chance of avoiding a tonne of CO2
An energy efficiency project that makes ships run sleekly through water has been awarded a low chance of actually avoiding or removing a tonne of CO2 by a ratings agency.
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Low Rhine level impact downplayed as tight hydro already priced into EU markets
Energy and carbon markets have already priced in the drought conditions in Europe, sources told Carbon Pulse, which has drained reservoirs for hydro power, and may soon leave the Rhine impassable for barges transporting coal to Germany.
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Verra proposes tough KYC checks for tokenising VCS credits
Crypto companies must undertake extensive know-your-counterparty (KYC) checks if they wish to tokenise Verra credits in the future, the registry has proposed.
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Euro Markets: Midday Update
EUA prices forged higher for a third day as the annual August auction supply cut continued to drive the market, while energy prices were flat to slightly higher as traders worried about the outlook for Russian gas supplies amid continued delays in the return of a key pipeline component.
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India introduces bill to establish carbon market, mandate green energy use
The Indian government on Wednesday introduced to parliament its Energy Conservation (amendment) bill, which seeks to establish a national framework for carbon markets and mandate the use of green and low carbon energy use.
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Crowdfunded crypto venture to pre-fund offset projects
An upstart crypto group based around crowdfunding mechanisms is seeking to provide carbon offset developers with project pre-funding via vetted buyers.
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Ahead of GX League start, Mitsui launches lifecycle CO2 platform for Japanese market
Trading house Mitsui has launched a platform to visualise and estimate lifecycle CO2 emissions on a product level, which it will offer to clients linked to decarbonisation services, such as carbon credit sales.
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