Carbon Pulse

A well-funded US firm that tokenises nature-based credits has decided to postpone its product launch amid turmoil in the crypto markets and downturn in on-chair carbon credits prices, according to media reports.

China has marked the first anniversary since the official launch of its long-awaited national emissions trading scheme, though while officials celebrate some significant achievements questions linger over the path forward for the market.

The global aviation sector would need to invest an annual average of around $175 billion between 2022 and 2050 to realise its net zero ambition by mid-century, according to analysis sponsored by a coalition of business stakeholders across the supply chain of several industries, including aviation, whose emissions are hard to abate.

China has introduced a set of standards for companies to evaluate their carbon credits and solvency, marking the country's latest step to encourage the development of green finance, the Shanghai Environment and Energy Exchange (SEEE) announced Saturday.

The Australian government has unveiled the full make up of its panel reviewing the integrity of the domestic carbon market and its regulator, as it prepares to introduce its Climate Change Bill to parliament next week.

The role of Carbon Program Manager will contribute significantly to the delivery of the “Climate Action” theme of the AACo Sustainability Strategy including the development of carbon sequestration programs as well as emissions reduction and renewable energy transition initiatives.

Analysts have raised their EU carbon price forecasts across the board after the futures recovered from a Q1 plunge triggered by the Russia-Ukraine war, but a number of experts have warned that conflicting fundamental drivers could keep the market rangebound through the rest of this year.

As a NBS Technical Adviser Carbon Accounting, you will lead the quantification of carbon benefits from our carbon project portfolio (focusing on agriculture but also across other pathways), together with the associated measurement, reporting and verification.

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

Qualifications An advanced degree, preferably an MBA or Master’s or PhD degree is preferred Strong understanding of economic concepts and themes particularly related to carbon pricing systems and climate and energy policies Experience spanning both compliance carbon pricing systems and voluntary carbon markets preferred 12+ years of work experience after graduate school, with a distinctive […]

The Bahamas has appointed a company to manage the country’s carbon credit sales, with the government taking a 49% ownership share in the firm and up to 85% of the initial revenues.

North Carolina Governor Roy Cooper’s (D) administration is aiming to have its proposed power sector cap-and-trade rulemaking take effect next year and join the US Northeast and Mid-Atlantic RGGI programme in 2024, according to a government presentation on Thursday.

Speculators saw their California Carbon Allowance (CCA) fall again this week following a short-lived rebound, while compliance entities’ positions roared back after an increasingly rare contraction last week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Slovakia’s only aluminium plant is at risk of closure after this week announcing lay-offs and a halt to production, with company placing some blame on high carbon costs.

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Pennsylvania Republican legislators requested that a judge restore the preliminary injunction granted last week against the state’s RGGI-linked cap-and-trade regulation on Thursday, after an appeal of that ruling by Governor Tom Wolf’s (D) administration automatically lifted the ban.

Officials meet later this month to craft a new UN carbon crediting mechanism, facing a race against time to attract capital and attention amid a fast-growing voluntary market while not repeating past mistakes.

EUAs edged higher in thin trading on Friday morning as many participants were again largely on the sidelines, while energy markets retreated as European regulators urged more demand-reducing measures to conserve gas supplies ahead of winter.

China saw its domestic thermal power generation decline last month, while its gross domestic product (GDP) growth stalled in the April to June quarter.