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.

EU industries have another thing to worry about when it comes to the EU's proposed carbon border adjustment mechanism (CBAM), and have moved on from campaigning against the removal of free allowances, to opposing the policy's scope expansion, because of its knock-on effect for government handouts.

A Pennsylvania judge on Friday afternoon blocked the state from implementing its RGGI-linked cap-and-trade regulation just one week after the state entered the power sector carbon market, with further court hearings on the legality of the programme scheduled for this fall. 

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A European carbon price of around $300 per tonne in 2030 is required to remain on an 'orderly' pathway to a Paris Agreement-aligned warming target, according to modelling in the European Central Bank's first climate stress test published Friday that said stringent policy measures were urgently required to avoid billions of financial losses across euro zone banks.

Sustainable agriculture firm UPL on Friday announced the European leg of its plan to sequester 1 bln tonnes of CO2 through the generation of carbon offsets.

EU ETS prices ended H1 2022 nearly 12% higher than where they ended 2021, as soaring energy costs have raised the spectre of carbon demand destruction despite a steady bullish drumbeat coming from the revival in coal-fired power generation as Europe accelerates its switch away from Russian fossil fuels.