Carbon Pulse

Australia’s plans to launch a new industrial carbon crediting scheme next year will likely fail to drive significant emissions cuts unless the government introduces regulations that will make someone want to buy the units, several groups have pointed out.

The Chinese Carbon Emissions Allowance (CEA) price rebounded this week and trading volumes again beat the lows from mid-September, while domestic offset prices remain rangebound.

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

Soaring energy prices are pinching pocketbooks on both sides of the Atlantic, but the EU may be better equipped at softening the blow because of its carbon pricing system, a panel heard Thursday.

The fate of the CDM is again on the agenda for negotiators headed to Glasgow for COP26 UN climate talks next month, and the uncertain outcome is creating angst among Korean investors that have spent big developing offset projects while some make back-up plans to switch to the voluntary carbon market.

Budapest-headquartered environmental brokerage Vertis has launched a new voluntary carbon markets brand to serve this fast growing segment, it announced Thursday.

RGGI Allowances (RGAs) climbed to new all-time highs again this week on reported steady compliance buying and options activity, while California Carbon Allowances (CCAs) bounced back from their sell-off linked to global energy and EU carbon prices.

GGGI is seeking an expert consultant for its global carbon finance project “Designing Article 6 Policy Approaches” in Rabat, Morocco.

GGGI is seeking an expert consultant for its global carbon finance project “Designing Article 6 Policy Approaches” in Indonesia

Several EU countries are overachieving in their national climate strategies, green groups and analysts said Thursday in findings that suggest the bloc could feasibly raise its 2030 emissions target again to help meet global warming goals.

A Brazilian business organisation is urging the government to give up its opposition to fully applying corresponding adjustments on exported carbon credits, potentially easing the path to a deal on the Paris Agreement’s Article 6 rulebook next month.

EUAs remained relatively calm early on Thursday, trading in little more than a €1 range amid mixed technical and fundamental signals, while key energy prices advanced for a fourth day.

Coal producing Indonesia intends to introduce a carbon tax for the power sector next year, though that will work in tandem with an intensity-based emissions trading scheme.

Taiwan’s Environmental Protection Administration (EPA) has proposed a low carbon tax for big emitters to be implemented in 2023 in a bid to counter the EU’s carbon border adjustment mechanism (CBAM) and help drive domestic emissions towards net zero by 2050.

Guatemala has signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF) that will see the central American state receive up to $52.5 million for reducing emissions from forestry and land use, the World Bank announced this week.

Australia has published a proposal to award carbon credits to projects that introduce tidal flows to previously completely or partially drained coastal wetland ecosystems.

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

Russian financial services company VTB Group is launching a division that will focus on carbon finance and trading, it announced Wednesday, four months after unveiling a partnership to develop an emissions marketplace.

Governments met virtually this week for the first part of a UN summit tasked with developing a global framework to protect biodiversity, with implications on how forest and land protection plays into climate mitigation and how funders can claim credit.

California regulator ARB distributed the largest number of offsets since December this week in the penultimate issuance before the third full compliance deadline of the WCI cap-and-trade programme, state data showed Wednesday.