Carbon Pulse

An analyst has left the trading arm of German utility RWE to join commodities firm Trafigura.

Rapid inflation in nature-based voluntary carbon offset prices has left the industry facing criticism this week for cashing in at the expense of environmental causes.

Softening equity markets continued to pressure voluntary emissions reduction (VER) prices as participants expressed concern that the weak economic outlook will keep the voluntary carbon market outlook uncertain and demand quiet for a sustained period of time.

A carbon credit ratings agency has assigned ratings to nine projects, it said in an update on Tuesday, that takes the firm's coverage to just over half of the credits issued in the voluntary carbon market.

We are recruiting for a Head of Carbon Markets and Emissions Trading Scheme. This is an interesting and varied role and an extraordinary time to be involved with the development and delivery of climate change policy in Scotland.

EUA prices added more than 6% on Tuesday morning after a bullish auction led to a significant short squeeze, sources said, while energy prices continued to gyrate modestly higher as the market awaitsed more information on payments for Russian gas.

Utility Uniper remains in talks with the German government and Russian producer Gazprom over paying for gas in rubles, the firm said in Q1 results on Tuesday as it reported a year-on-year drop in EU ETS-covered fossil fuel output.

Australia’s National Farmers Federation (NFF) is calling for both major political parties to commit A$2 billion ($1.4 bln) to support the country’s agriculture sector and encourage more farmers to enter the carbon market.

One of South Korea’s biggest asset managers has made its first purchase of international voluntary carbon credits, as it plans to make offsets a key part of its ESG strategy.

Companies have continued to deliver Australian Carbon Credit Units (ACCUs) to the government, despite not having to now they can choose to exit their contracts with its Emission Reduction Fund (ERF).

The Pennsylvania Commonwealth Court this week will hear GOP lawmakers and a collection of coal companies and labour organisations make their case for blocking the implementation of the state’s newly-published RGGI regulation, after a previous hearing was cancelled.

CO2 output under the RGGI cap-and-trade programme rose in the first quarter of 2022 as greater oil-fired generation in the Northeast offset steep reductions in the market’s southern region, according to data updated Friday.

EU energy ministers are united in favour of stronger energy-saving measures and renewable energy expansion, they said on Monday as they brace for more gas supply disruption following Russia's abrupt halting of deliveries to Poland and Bulgaria last week.

Lawmakers in Vermont’s Senate last week passed a bill to create the US' first ever Clean Heat Standard (CHS), a market-based policy designed to lower GHG emissions in the building sector.

The New Zealand government should update its domestic ETS settings to ensure they align with the country’s NDC under the Paris Agreement to avoid a massive over-auctioning of NZUs in the coming years, an analyst said.

A Hong Kong-listed company has issued two non-fungible tokens (NFTs) backed by VCS credits generated by a China-based biomass project, but is finding interested buyers hard to come by at an asking price more than four times higher than regular voluntary offsets.

South Korea on Monday announced it will reduce the amount of CO2 allowances available at its monthly KAU auctions for May and June amid low secondary market prices and sluggish demand.

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

Offset registry Climate Action Reserve (CAR) on Friday issued guidance for reforestation credits issued for forecasted emissions reductions to transition into the standard’s more traditional offset programme.

The Netherlands government set out wide exemptions to its carbon tax for industries for its inaugural year of 2021, with firms likely to face no additional financial burden for the period.