Carbon Pulse

The New Zealand government's quarterly carbon allowance auction is set for this Wednesday, putting 4.825 million units out for sale on the NZX-EEX platform, with analysts expecting the cost containment reserve (CCR) to be completely exhausted leading to an upshoot in prices.

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

In supporting the unit’s work on allowance trading and entity education, you will help ensure firms can effectively participate in the cap-and-invest marketplace. By helping firms get comfortable with this new market and how it works, you’ll enable them to devote their time and resources to decarbonization - helping Washington achieve its goal of total carbon neutrality by 2050.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Development Manager, Government and Multilateral Agencies.

*PREMIUM LISTING - The Gold Standard Foundation is seeking an Officer, Standards Development & Innovations in Land Use and Forestry.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Manager, Standards Development & Innovations in Land Use and Forestry.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Manager, Methodology Development & Innovations in Land Use and Forestry.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Manager, Standards Development & Innovations in Energy.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Manager, Methodology Development & Innovations in Energy.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Senior Digital Systems Director.

*PREMIUM LISTING - The Gold Standard Foundation is seeking a Registry Officer.

Compliance entities raised their California Carbon Allowance (CCA) net length back towards a 13-month high this week, while speculators modestly retreated on their positions following last week’s surge, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A trio of past California Carbon Offset (CCO) livestock projects in the Land of 10,000 Lakes are seeking to switch over to the California Low Carbon Fuel Standard (LCFS) instead, according to data published by state regulator ARB on Friday.

A Chicago-based firm on Friday launched its new exchange-traded fund (ETF) that will follow an index composed of carbon allowances, fossil gas, and metals.

Some 85 vulnerable countries are urging the voluntary carbon market to apply principles from the Paris Agreement's Article 6 emissions trading rulebook, including shaving off a share of credit issuance proceeds to help them cope with a warmer climate.

While interest in the voluntary carbon market (VCM) continues to surge, some of the underlying mechanics need a revamp to keep pace, according to some experts highlighting how harnessing technology can improve both carbon project verification and overall impacts.

Containerships can cut CO2 emissions by an average of 14% if they optimise speed to arrive ‘just in time’ at ports, according to a report published this week ahead of the shipping sector’s widely-expected entry into the EU ETS and as global-level negotiations struggle to curb the sector's climate impact. 

Nearly half of future Scope 2 emission reductions reported by companies will not be real if they continue to use Renewable Energy Certificates (RECs) to meet their Science Backed Targets (SBTs) for cutting greenhouse gas pollution, a report has claimed.

Engineered greenhouse gas removals should be integrated into the UK ETS in the mid- to long-term, multiple experts told a conference on Friday, urging linkage of the system to the EU carbon market while pointing to CfDs as a more appropriate immediate approach for scaling the technology.

EUAs edged higher in light trading on Friday morning as traders awaited news on the European Parliament's efforts to adopt a position on the Fit for 55 ETS reform package, while energy prices slipped in moderate trade.