Carbon Pulse

Japanese J-Credits from renewable energy projects sold above 3,000 yen ($23.18) for the first time in the latest government sale, as demand continues to rise ahead of the launch of the domestic voluntary carbon market.

The full European Parliament is likely to scale back its ambition for EU ETS reform in a vote next week, with senior lawmakers targeting a 63% emissions cut by 2030 as a compromise between the 67% level sought in an interim parliamentary ballot and the 61% goal proposed by Brussels.

Offset project developer and consultancy South Pole has hired the CEO of a rival firm to lead its climate solutions division in Europe's DACH region.

The Guangdong provincial government has pushed back the annual compliance deadline under its emissions trading scheme by two months amid Covid-related restrictions to business activities.

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

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Traders believe the June RGGI auction will likely set a new record high settlement by clearing near current secondary market pricing levels, though they are less certain as to whether these bids will trigger additional permit volume from the Cost Containment Reserve (CCR).

Four global diversified funds from a Canadian wealth manager will see their partial portfolio emissions offset by the purchase and retirement of carbon credits from a voluntary emissions reduction (VER) investor, the companies announced Tuesday.

A Brazilian offset project promoting cycle use was awarded the lowest-possible score by a carbon credit ratings agency on Tuesday, with four other activities assigned with new or reaffirmed grades.

EU leaders on Tuesday tasked their ministers to rapidly agree a position on the bloc's RePowerEU proposals, ending a two-day summit resolved to forging a more united energy policy.

American Carbon Registry (ACR) has banned the tokenisation of its carbon offset credits unless it has given explicit authorisation, the registry announced Tuesday in the wake of Verra’s decision last week to stop the practice of tokenising its retired credits.

The international arm of Chinese oil and gas giant PetroChina has named a new head of trading for environmental products in the Americas.

Environmental groups launched a free online tool on Tuesday that they say will help voluntary buyers assess the quality of carbon credits, with initial testing showing that getting a high score for quality across all categories is unlikely.

EUA prices were little changed on Tuesday morning as activity wound down ahead of public holidays and a pause in the daily auction programme, while traders eyed proceedings at an EU leaders' meeting where some member states voiced objections to a plan to sell MSR-held units.

Labor MP Chris Bowen has been appointed Australia's new climate change and energy minister, while AgriProve has yet again dominated the latest round of project registrations by the Clean Energy Regulator.

China’s finance ministry will develop a toolkit to facilitate the country’s path towards carbon neutrality, sparking fresh speculation that a carbon tax might be on the steps.

One of China’s richest provinces has released a draft plan to launch a nature-based carbon offset programme, though uncertainty around the national government’s approach to corresponding adjustments means the resulting credits might be restricted to domestic consumption.

The number of global asset managers that have now set climate targets has reached over 80, with nearly 40% of their assets aligned with a net zero emissions by 2050 goal, an update from the Net Zero Asset Managers Initiative (NZAM) reported on Tuesday.