Carbon Pulse

Nature-based carbon credit futures have largely withstood a wider voluntary carbon market (VCM) shakedown in recent months, with robust demand expectations and near-term economic woes blowing out spreads along the curve.

A loophole in EU policy that means CO2 emissions from burning biomass for energy not currently included in the ETS could add an additional 15% to the scheme's total emissions, according to a report from an environmental group.

Brazil’s national cap-and-trade system will go beyond the industrial and power sectors to include agriculture, and also allow voluntary market projects to generate credits eligible for compliance use, according to a draft of the presidential decree seen by Carbon Pulse.

Taiwan’s Legislative Yuan on late Thursday signed off on the first reading of the island’s revised climate bill that would put the government’s 2050 net zero target into law, but the document remains vague on the level of a planned carbon levy as well as potential use of international offsets.

EUAs posted robust gains on Friday morning as the market interpreted as bullish the 2021 market supply data published late on Thursday, while energy prices weakened as gas flows from Russia showed no sign of shrinking after sanctions were imposed on German-controlled former units of Gazprom.

The Ministry of Economy, Trade, and Industry (METI) will work with Japan Exchange Group (JPX) to build a trading platform for the country’s domestic emissions market that will be operated as part of the Tokyo Stock Exchange, Nikkei reported Friday.

Chinese carbon allowances have remained unchanged for the past two weeks with no regulatory news on the emissions market and the government’s attention firmly fixed on the Covid situation.

Indonesia’s national oil company (NOC) Pertamina has formed a partnership with US major Chevron to co-operate on low carbon business opportunities in Indonesia and other Asian markets, they companies announced Friday.

The Vietnamese government has partnered with a US-headquartered banking group to drive the development of a carbon credit market and offset projects to help the nation achieve its climate change ambitions.

Australia’s carbon market has seen a flurry of spot deals in the last 48 hours, as buyers take advantage of relatively low prices and as the market starts to price in a Labor Party victory at the upcoming election.

Blockchain bridging service Toucan has taken steps to reduce the risk of bringing so-called zombie credits on chain, in response to criticism that its service has provided an opportunity for units that would otherwise not find any sellers.

Carbon Pulse has further boosted its coverage of regional and global carbon markets after completing a hiring drive that allowed it to welcome another four talented journalists, giving the unrivalled news provider a record staff size and doubled story count.

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

A carbon credit ratings agency has put a REDD forest protection project “on watch” for a potential change in its rating after the scheme was the subject of a critical investigation.

California Carbon Allowance (CCA) prices were subject to counteracting influences this week as equities sold off and state regulator ARB released the draft Scoping Plan, while RGGI Allowance (RGA) values also declined but were still well bid beneath the Cost Containment Reserve (CCR) trigger price.

A South African startup is targeting funding more than 100 MW of distributed renewables generation through the sale of tokenised carbon credits.

EU lawmakers want to clamp down on speculative traders participating in the EU ETS. There’s been a steady drumbeat of complaints over the past few months from MEPs and some member states, claiming that unnamed speculators have driven the price of EUAs too high, and that it’s costing industry too much money. But is restricting speculator access to the EU ETS such a good idea? And is it even feasible?

As the staff lead for auctions, you will be a crucial member of the cap-and-invest team. You will coordinate and implement allowance auctions that firms participate in to meet their emissions compliance obligations. These auctions are the linchpin of the cap-and-invest program.

The Science Based Target initiative (SBTi) released its third annual progress report on Thursday, releasing the figures tied to the groundswell of companies that are committing and setting robust climate targets, while also pointing out a lack of reporting on actually delivering on those targets.

Toronto-based ESG investor Carbon Streaming Corporation broke into the US market with its first biochar carbon stream agreement with Restoration Bioproducts announced Thursday, aiming to help build a biochar production facility in Virginia.