Carbon Pulse

EU member states have agreed to a 15% gas supply cut as part of emergency regulation to curb energy use over the winter in the face of rising uncertainty over Russian supply.

UK utility Drax maintained on Tuesday that it will close its remaining coal power units in March of next year, having been asked by the UK government to extend their lifetime by six months to ease security of supply issues this winter.

Forest Carbon Works (www.forestcarbonworks.org), a company which enables small forest landowners in the U.S. to access carbon offset markets, is seeking an Associate Forester to join our nationwide team. This position is based from your home office, but with regional responsibility in New England and New York. The ideal candidate will be located in Vermont.

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

Pennsylvania’s Commonwealth Court has ruled in favour of reinstating the preliminary injunction on the state’s RGGI programme linkage, according to court documents filed Monday.

A British specialty chemicals company has teamed up with a US-based offset project developer to accelerate the deployment of carbon capture solutions for heavy industry and to originate carbon credits in the process.

The landscape of carbon credit rating agencies continues to build pace, with new services springing up to help buyers navigate the complex world of voluntary carbon credits, including by determining which projects offer climate-champion attributes versus those that add reputational risk to corporate claims.

EU member states are set to endorse bloc-wide gas demand-cutting plans on Tuesday, but fierce resistance from a majority suggests the final text may be riddled with exemptions and derogations.

California Governor Gavin Newsom (D) urged state regulator Air Resources Board (ARB) to incorporate new efforts in the 2022 Scoping Plan towards achieving the state’s 2030 emissions reduction targets and carbon neutrality by 2045, in a letter published late Friday.

A carbon marketplace and a crypto carbon initiative have teamed up in an effort to boost the sale of 'forward' offset credits for mangrove restoration projects.

Germany-based utility RWE, historically EU’s top corporate emitter, reported an 14% rise in its EU ETS-covered lignite power output for H1, it said on Monday in preliminary generation results, production that more-than-outweighed a strong fall in its gas generation amid soaring prices.

Prices for voluntary carbon market (VCM) offsets fell sharply in the second half of last week amid increasing fears of an economic downturn as inflation spiraled higher, Chinese and Indian growth forecasts were cut, and Europe faced the bleak prospect of gas rationing.

*PREMIUM LISTING - As Head (m/f/d) of the Project Development Team, you will be responsible for the Project Development Team, its strategy, and all project related tasks regarding origination, financing, development, and operation of a portfolio of mainly forestry and renewable energy projects.

*PREMIUM LISTING - ​Volkswagen ClimatePartner GmbH is a joint venture by Volkswagen Kraftwerk GmbH and ClimatePartner GmbH, aiming to develop and finance quality carbon offset projects. Our projects are proven to save CO2-emissions and are certified under recognized standards.

*PREMIUM LISTING - The GIS and Remote Sensing Technical Lead is responsible for applying best practices driving innovation in GIS and remote sensing for the identification, screening, assessment, development and monitoring of high-quality Nature Based Solutions (NBS) projects and jurisdictional programs globally.

*PREMIUM LISTING - Technical Manager for Nature Based Solutions (NBS) will manage and drive processes to assess and develop forest and blue carbon projects globally.  The Technical Manager will report to the Chief Technical Officer and work alongside our GIS and Remote Sensing Technical Lead to contribute to the development of high-quality NBS projects and jurisdictional programs globally.

A British startup has raised £15 million in seed financing for its carbon accounting data engine, aiming to drive companies towards an abatement model from the current accounting and credits approach.

While higher inflation and slower economic growth may have short term temporary negative impacts on carbon credit prices, there are several structural reasons why we believe VCM credits are likely to remain resistant to long-term price declines and are in fact more likely to continue to rise in the medium to long-term, argue Respira's CEO and co-founder Ana Haurie and advisor Joel Krueger.

EUAs snapped a five-day losing streak after prices were boosted by a strong daily auction, as trading volumes slipped back to average levels after last week's increase in activity, while energy markets posted gains amid growing concerns over gas supplies ahead of the winter.

A UK-headquartered global investment manager is establishing a Singapore-based subsidiary that plans to run a series of funds investing in nature-based carbon offset projects across Southeast Asia.