Carbon Pulse

Japan’s Mitsui and Nomura have bought the world’s second largest forestry asset manager and major developer of carbon credits, they announced on Friday.

Carbon offset ratings company Calyx Global is looking for a manager for Sustainable Development Goals.

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

The UK government has clawed back almost 400,000 carbon permits handed for free to emitters for 2021 after it was found that their output was lower than expected, imposing modest cuts for future years as a result.

California Carbon Allowance (CCA) prices rose to a one-month high this week as traders questioned why this would occur before the May 18 WCI auction, as RGGI Allowance (RGA) values lifted as entities rolled positions out on the curve.

This year's carbon permit sale volumes on the EU's Common Auction Platform are being slashed by almost 3%, exchange EEX announced late Thursday, in a surprise move resulting from an apparent calculation error.

Xpansiv market CBL cancelled executions made late Thursday after conducting an investigation regarding “potentially erroneous transactions.”

A pair of California cap-and-trade reform bills received approval from two appropriations committees on Thursday, moving now to their first floor votes before a deadline next week.

EM is seeking a Lead on Carbon Markets Research & Intelligence to focus on voluntary and compliance carbon market developments.

Developers with projects registered under the CDM are urging regulators to unfreeze post-2020 carbon credits to make them eligible for the voluntary and domestic carbon markets, aiming to keep revenues flowing ahead of the completion of a new carbon crediting mechanism under the Paris Agreement.

A blockchain and cryptocurrency company has committed $100 million to carbon markets, targeting CO2 removal projects and building a portfolio of additional, long-term, nature and science-based carbon credit.

Two European Parliament committees have backed plans to swiftly launch an EU-wide fund tasked with supporting poorer people cope with rising heating and road mobility costs during the clean transition, voting results showed this week.

Low-cost European carriers announced in quarterly reports this week that they had furthered their hedging of carbon emission allowances (EUAs) for 2022 and 2023 over the past three months, and cautiously expected demand to rebound back towards 2019 levels from the summer onwards.

The global investment community is often paying lip-service to pledges to invoke climate action change, according to a report published by a watchdog group on Thursday, finding that financiers often lack the “ambition, transparency and accountability” needed to engage with companies on their transition goals.

Around 220 renewable energy projects are queueing for registration with offset standard Global Carbon Council (GCC) despite uncertainty over market appetite for the units, should they be successful.

EUA prices continued to slump on Thursday as a weak auction compounded bearish sentiment following EU proposals to sell allowances from the MSR to raise money to accelerate its clean energy expansion and shift away from Russian fossil fuel exports.

The Environmental Protection Authority (EPA) of Australia’s Northern Territory has released draft guidance that expects large, polluting projects to include more rigorous detail on how they will cut their emissions, including greenhouse gas data for scope 1, 2 and 3 emissions, as well as potential offset conditions.

Australia’s Clean Energy Regulator has issued over 600,000 new Australian Carbon Credit Units (ACCUs), according to its latest update on Thursday, as Woodside got the nod from shareholders to become the nation’s largest oil and gas player through its merger with BHP's petroleum business.

G7 economies are well placed to be the first movers to reduce emissions from heavy industry, in turn setting out a path for the rest of the world to decarbonise the emissions-intensive sector, a report from the International Energy Agency (IEA) released on Thursday has said.

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