Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 37 min ago
TotalEnergies buys into Adani’s $50 bln hydrogen splurge as report urges massive uptake to meet Paris goals
European oil major TotalEnergies has acquired a 25% stake in a new hydrogen-focussed business arm of the Adani conglomerate, Adani New Industries Limited (ANIL), as the Indian industrial behemoth also committed to a massive $50 billion investment in a green hydrogen ecosystem through the subsidiary over the next ten years, it was announced on Tuesday.
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VCM marketplace looks to offer ‘forward’ offsets for sale
A crypto carbon initiative and an online marketplace have teamed up in an effort to boost the market for pre-purchasing voluntary carbon market (VCM) offsets and secure more funding for project developers.
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EU Parliament committee backs plan to not reopen talks on ETS reform
The European Parliament’s environment committee (ENVI) on Tuesday backed a plan to effectively delay reopening divisive negotiations on EU ETS reforms ahead of a second attempt on vote on the measure by the full Parliament next week.
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Australia’s CEFC awards A$2 million to help scale new shark-inspired tech for aviation, shipping
Australia’s Clean Energy Finance Corporation (CEFC) has awarded a A$2 million ($1.4 mln) grant to a local company that has developed a unique technology to dramatically improve fuel efficiency for aviation and shipping and cut carbon emissions in both sectors, it announced on Tuesday.
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Australian Market Roundup: Small number of projects registered as watchdog looks to stamp out greenwashing
Only a handful of Australian companies have registered new offset projects with the Clean Energy Regulator the past week, while the nation’s corporate watchdog is urging industry to dob in those engaging in greenwashing.
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CP Daily: Monday June 13, 2022
A daily summary of our news plus bite-sized updates from around the world.
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Investor makes carbon credit purchase secured from Sierra Leone national park
A carbon finance investment firm has agreed to acquire carbon credits stemming from a rainforest national park in Sierra Leone that aims to generate half a million credits a year on average over the next 30 years.
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Project Director, Forest Positive Partnership, Conservation International – Arlington/Seattle
Conservation International protects nature for the benefit of humanity. Through science, policy, fieldwork, and finance, we spotlight and secure the most important places in nature for the climate, biodiversity, and for people.
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EU will fail to meet Global Methane Pledge unless people eat less meat, warns report
Tackling methane emissions from cows is the blind spot of the EU that risks the bloc failing to meet the Global Methane Pledge unless policies are adopted to encourage a shift in diet away from meat and dairy products, an analyst report said Monday.
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RFS Market: RIN prices sink after market digests final 2022 quotas
US biofuel credit (RIN) values continued to drop on Monday as traders mulled the impacts of the recent finalisation of multi-year quotas for the federal Renewable Fuel Standard (RFS).
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EU lawmakers set to spurn chance to quickly reopen talks on ETS reform
The European Parliament’s environment committee (ENVI) is likely to delay reopening divisive negotiations on EU ETS reforms following a meeting of senior lawmakers on Monday, a move that would postpone confrontation ahead of a second vote of the full assembly later this month.
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Researcher, Nature-Based Solutions, Shell – Bengaluru
You will provide deep technical expertise in Measurement, Reporting and Verification (MRV) to the rapidly growing NBS and Agricultural and Forestry (A&F) Sectoral decarbonization activities across Shell, including helping the businesses to achieve its goals.
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VCM Report: Market wobbles as draft buyer standards and recession fears further weaken prices
Standardised voluntary emission reduction (VER) credits returned to losses as participants scrambled to adjust positions following the publication of a set of draft buyer standards, amid a broader bearish outlook for prices due to wider macroeconomic weakness.
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China ETS market power in the hands of the few, analysts find
More than 2,200 companies participate in China’s national emissions trading scheme, but the majority of surplus allowances and the power to determine the market’s trading patterns rest with fewer than 10 firms, a report released on Monday found.
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Orsted to trap 400,000 tonnes of CO2 per year from 2025 at CHP plants for storage, green fuels
Danish energy company Orsted plans to capture 400,000 tonnes of CO2 from two combined heat and power (CHP) plants on an annual basis from 2025, both for permanent storage and in producing green fuels, the company announced on Monday.
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Euro Markets: Midday Update
EUAs fell back in thin trading on Monday as the market awaited developments from the European Parliament's environment committee, which meets today and tomorrow to discuss a revamped report on the "Fit for 55" reform package, which was rejected by the full Parliament last week.
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Major digital VC fund strikes offsetting deal with crypto carbon firm
Digital venture capital fund Nemesis Technologies has struck a deal with a crypto carbon firm to offset the emissions from all of its future financial transactions.
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Corporate net-zero targets risk overpromising, underdelivering, analysis says
More than one-third of the world’s largest publicly listed companies have net zero targets, however the majority have gaping holes in their strategies and many rely on offsets without any conditions associated with them, according to new analysis.
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CPC makes Taiwan’s first crude oil “carbon neutral” trade in deal with Azeri NOC
State-owned oil, gas, and petrochemicals company CPC has made Taiwan’s first “carbon neutral” trade for a crude oil shipment in a deal involving the trading arm of SOCAR, Azerbaijan’s national oil company (NOC), it announced over the weekend.
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Senior Policy & Principal Policy Offer Carbon Farming, WA Dept of Water and Environmental Regulation – Perth
These are fixed term full time opportunities until 30 June 2026 with the possibility of extension and/or permanency.
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