Carbon Pulse

A Canadian clean-tech firm is aiming to launch a multi-million dollar carbon credit blockchain initiative with Canada’s First Nations communities, they announced this week, as the federal government unveiled its national offset scheme.

A US farmer-owned cooperative has opened a second enrolment period for its 2022 voluntary agricultural carbon credit programme due to strong demand.

Investment manager SparkChange has cross-listed its physically-backed exchange-traded carbon commodity (ETC) on stock exchanges in Germany and Italy.

Carbon credit certifier Gold Standard issued new guidelines on Thursday for how its units can be used by voluntary buyers given the new Paris Agreement context, providing greater flexibility on the need for authorisation from the project’s host-country government.

Plans by EEX to grab market share in the voluntary carbon market (VCM) include beefing up its CORSIA-eligible VER future with Gold Standard credits, and introducing many individual future vintages for its nature-based VER as far out as 2025, the exchange revealed on Thursday.

The EU’s institutions are striving to avoid any ultimate delays to the passage of the bloc’s Fit for 55 climate policy package, sources close to the process said on Thursday as parliamentarians agreed to a swift return to vote following their chaotic failure to adopt positions a day earlier.

Analysts envisage a period of high volatility and low liquidity for the EU ETS as participants step back amid the uncertain outlook following the European Parliament's rejection of proposed reforms, with experts split on whether a second attempt by the assembly would lead to higher ambition.

Carbon prices of between $100 and $150/tonne are necessary for the global oil refining market to switch to using green and blue hydrogen in the long term unless their production costs fall sharply, a consultancy warned Thursday.

A major global carbon credit marketplace has partnered with a ratings agency to host grades for voluntary carbon market offsets on its site, it announced Thursday.

EUA prices advanced on modest volume on Thursday morning as traders moved on from the previous day's European Parliament controversies and awaited news on the next steps for the ETS reform, while natural gas prices jumped as much as 15% after a fire knocked out a major US LNG exporting terminal. 

A US-based technology startup is offering buyers of its tokenised voluntary carbon market offsets the ability to earn compound interest, lend, borrow, and underwrite loans from the financial product, it announced Thursday as an industry first.

South Korea’s Hyundai Heavy Industries (HHI) will develop a “next generation” liquefied CO2 (LCO2) carrier, it has announced, reflecting a further step being taken by Asian industrial players to bring CO2 transport options to commercial scale.

China has announced new rules for determining the number of carbon allowances in its emissions trading scheme that traders say will lead to a bump in the number of permits, while also extending the deadline for submitting 2021 emissions data due to Covid disruptions.

Japan’s Osaka Gas Energy Oceania, the carbon trading arm of Osaka Gas, has acquired a minority stake in an Australian carbon project developer, to gain a deeper understanding of carbon markets, it announced Thursday.

The first quarter of the year has seen a huge spike in new carbon projects being registered with Australia’s Emission Reduction Fund, according to a regulator report, which also said it was unlikely it’s recent contract rule change would create an oversupply in the market.  

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

A major global pharmaceutical and life sciences company has helped establish a innovative new company to advance carbon sequestration in agricultural soil.

Quebec’s environment ministry dished out more offsets this week than its WCI partner California in a rare feat, according to government data published Wednesday, as California Carbon Offset (CCO) prices continued to rise.

Emitters in the North Sea will shell out a record £600 million for carbon allowances this year, analysts have predicted, as the emissions intensity of the UK’s oil and gas sector worsens amid rising UKA prices.

A major US-based agricultural carbon offset firm has distributed $9 mln to US farmers and ranchers in its first year, it announced Wednesday.