Carbon Pulse

A veteran carbon market analyst is to join hedge fund Andurand Capital Management, where he will advise on the launch of new environmentally-focused investment vehicles.

Melbourne-based Tiverton Agriculture Impact Fund has taken a majority stake in an Australian offset developer and carbon advisory firm.

Corporate Carbon Advisory is seeking a Carbon Account Executive to play a key supporting role in a team-based approach to developing and operating the firm’s portfolio of Emissions Reduction Fund (ERF) projects.

This role is responsible for the development of analytical capability and generation of commercial insights for the Low Carbon Trading business with a focus on compliance and voluntary carbon markets over all time horizons.

New Zealand carbon allowances soared past NZ$40 ($28.81) to new record high levels on Wednesday, following the release of the independent Climate Change Commission’s final advice to the government on the country’s carbon budgets out to 2035.

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

EU carbon allowances may soon "break loose" from their correlation to utility coal-to-gas switching levels and gravitate towards the higher prices of €75-100 thought needed to continue decarbonising the bloc’s economy, analysts said this week.

California regulator ARB will not incorporate climate programme cost analysis recommendations from a recent state audit in its Scoping Plan update, with officials on Tuesday instead saying long-term GHG reduction goals and emissions trends would inform this process.

California Low Carbon Fuel Standard (LCFS) prices inched down in recent days as utility Pacific Gas & Electric (PG&E) prepared for its next credit solicitation, according to participants in the transportation sector programme.

Germany favours the rapid end to free EU carbon allowances for airlines, according to a leaked document, increasing the pressure on the sector as it slowly recovers from the pandemic.

US biofuel credit (RIN) values are set to retrace from record levels as gasoline demand recovers and more Renewable Fuel Standard (RFS) policy certainty emerges for the second half of the year, analysts at a major investment bank said.

EUAs rose 1.4% to settle above €52 on Tuesday, climbing for the second straight day amid a supportive energy complex and as technical signals turned bullish following Monday's disrupted session.

Poland's main utility will start gradually closing generation units at the largest emitting installation in the EU ETS from 2030, according to a draft plan published by the Lodz regional government Tuesday.

Newly-formed carbon credit provider Vertree is targeting a major push towards providing offsets for harder-to-abate sectors, betting these heavy industries won’t be able to cut their emissions at a politically-acceptable cost.

California power sector emissions rose for the fourth consecutive month in April amid an uptick in electricity demand as consumer behaviour shifts back to pre-pandemic levels, according to California Independent System Operator (CAISO) data released this week.

Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.

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

Woodside Energy has set a 2050 net zero target and interim goals by 2025 and 2030 for its Pluto LNG project in Western Australia, which it will meet through technology investments and carbon offsets, the company said Tuesday.

California Carbon Offset (CCO) prices have risen recently amid an uptick of buying interest, but continue to lag behind significant price increases in the California Carbon Allowance (CCA) market.

The British Columbia government last week published a public consultation for its methane management offset protocol (MMOP), with several different project types included under the proposal.