Carbon Pulse

The landscape for voluntary carbon offset types today is complex, with many buyers in a state of “analysis paralysis”. We need to think about the implications of a company using a carbon offset while observing the key principles that make offsetting a powerful tool, argues Lauren Mechak, Director, Program Development at ClimeCo.

The newly finalised Canadian federal offset system needs to look beyond the shrinking coverage of the ‘backstop’ output-based pricing system (OBPS) to solve its weak demand problem, according to market stakeholders.

The 12 RGGI states on Tuesday pushed back completion of the power sector carbon market’s third programme review by a year, while also publishing the scheme’s new allowance budget with Pennsylvania's inclusion.

Corporate demand for forest-related carbon credits is set to vastly outstrip available supply over the next 30 years, according to research published Tuesday that suggests a sufficient enough pool of carbon finance to allow governments to take on more ambitious measures to save and restore tropical forests.

Brokerage Vertis has hired a well-known emissions trading expert as its new head of research, Carbon Pulse has learned.

Swiss-based fuel supplier Varo Energy announced on Tuesday a plan to reach net zero emissions by 2040 via a strategy that will plough most of its earnings into clean energy while acquiring carbon removals via its experience-laden intermediary business.

More than 100,000 carbon credits have been delivered from a South African cookstoves project to a large energy and chemicals firm as part of an agreement signed last year for offsets able to be used under the country's carbon tax regime, according to an announcement on Tuesday.

Carbon weakened for a third day on Tuesday morning as trading activity continued to languish, while most energy markets rose for a third session on the back of continuing worries over natural gas supply.

Hong Kong Exchanges and Clearing (HKEX) has partnered with a number of major banks and other corporations aiming to carve out a strategy for turning Hong Kong into a major international carbon trading hub, based around its position as a link between Mainland China and the rest of the world.

Australia is positioning itself to be a key hydrogen exporter to markets in Europe, as major energy-importing economies such as Germany aim to reduce their dependence on fossil fuels over the longer term to meet their emissions reduction and energy security goals, however the need to identify where hydrogen can best be used as a low carbon solution needs to be addressed, according to analysts.

A Hong Kong-listed investment holding company specialising in carbon markets is poised for an expansion in Southeast Asia with two newly formed subsidiaries in Singapore, while the renewables and carbon trading arm of a major Chinese SOE eyes a listing on the Shanghai Stock Exchange.

Australia’s Clean Energy Regulator has minted just over 1 million new Australian Carbon Credit Units (ACCUs), a noticeable uptick in issuance, while revoking four existing projects from generating units.

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

The US Supreme Court's ruling against the EPA creates roadblocks for reducing carbon emissions but the agency can still enforce the current rule on the books in more creative ways, according to legal experts.

Washington state’s proposed cap-and-trade programme could launch with prices of $41/tCO2e next year if the market is expected to link with the WCI California-Quebec system in 2025, according to independent analysis published late last week that projected prices up to 65% higher under non-linked scenarios.

Switzerland will offer 157,300 spot aviation carbon allowances from 2022 at auction in September, it announced late last week.

You will lead a team that is responsible for digital delivery, ETS operations and the ETS project management office, working closely with another DD responsible for ETS policy and strategy.

NGOs in eight heavily forested tropical countries on Monday launched a mapping system aiming to crack down on illegal logging as a low-cost alternative to REDD projects, as another nation has banned all timber exports and a further country has put a block on the voluntary carbon market.

AirCarbon Exchange (ACX) has signed an MOU with the newly-launched Nairobi International Financial Centre (NIFC) to start a carbon exchange in Kenya as a basis for attracting low-carbon finance to East Africa.

Swiss President Ignazio Cassis hosted leaders at the Ukraine Recovery Conference in Lugano on Monday, aiming to pave a way towards an eventual rebuild and recovery for the war-torn country, including through low-carbon infrastructure investment and the development of a green export sector.