Carbon Pulse

Australia’s government-backed green investment bank has partnered with an airline superannuation fund to launch a A$100 million ($67 mln) green tech fund, while the Clean Energy Regulator has registered nine new offset projects.

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

A Houston-headquartered voluntary carbon standard BCarbon has issued its first international soil credits to British farmers, it announced Monday.

Senior members of the European Parliament have struck a provisional deal to push for higher bloc-wide energy efficiency targets than member states agreed and beyond what Brussels has proposed under its RePowerEU initiative to rid the EU’s dependence on Russian fossil fuels.

The Supervisory Body of the UN’s new centralised market mechanism is due to meet later this month to set a path to getting the programme up-and-running by the end of next year.

The Chilean government’s plans to overhaul its $5/tonne CO2 tax with an offsetting provision are running into legislative roadblocks and implementation challenges, while the design of a new tradable market instrument is laced with uncertainty, experts told Carbon Pulse.

The panel overseeing the UK’s Emissions Trading Scheme has launched another consultation, this time seeking views regarding increased transparency through the publication of additional data, including almost real-time information on permit holdings.

The Pennsylvania Department of Environmental Protection (DEP) on Monday appealed a judge’s temporary block of their RGGI-linked cap-and-trade regulation to the state Supreme Court, while allowance prices recovered from Friday’s sell off following the decision.

A major oil and gas company has taken a minority stake in one of Brazil’s biggest developers of forestry projects as it seeks to boost its nature-based portfolio in the voluntary carbon market (VCM).

Demand across the voluntary carbon market remained weak as buyers continued to wait for greater macroeconomic certainty, with bids struggling to rise up to meet offers, causing most standardised verified emissions reduction credits to move sideways or to lose value over the week.

The role of the expert is to support technical and practical knowledge about the design and implementation of NbS in Public and Private operations, evaluating environmental, social, and economic aspects of NbS, while also advising on relevant public policy and local community involvement.

Germany's biggest steel producer Thyssenkrupp has teamed up with oil major BP to boost green steel development, in the wake of EU legislators adopting firm positions on the carbon border adjustment mechanism (CBAM) that would protect Europe’s industry from cheaper carbon-intensive imports.

EUAs traded higher on Monday morning to head back into the middle of their recent range, while natural gas prices weakened after Canada said it would allow the shipment of a repaired compressor for the Nord Stream 1 pipeline.

Four cities and 11 counties across China’s Sichuan province will establish forest carbon schemes as the first batch of projects greenlighted under a fiscal incentive programme launched by the provincial government earlier this year.

CommBank is looking for a Director of Indigenous Carbon to join the Commodities, Trade and Carbon team, working closely with the Indigenous Banking team.

ClimeTrek is looking for a carbon trader to be based in its India office.

Australia-headquartered miner BHP on Monday announced it will install what it claims will be the world’s first “carbon neutral” conveyor belts at a copper mine in Chile, delivered by a Chinese company.

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

Speculators saw their California Carbon Allowance (CCA) rebound slightly this week as the third quarter began, while compliance entities’ position decreased for the first time in five weeks, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

This year’s COP UN climate talks host Egypt has unveiled an updated NDC, setting an emissions goal that would still see its GHG output rise by 2030, a move that still represents a scale-up on its initial target-free pledge.