Carbon Pulse

A US-based technology start-up has pre-sold $4 million of its tokens backed by nature-based offsets to a firm seeking to decarbonise buildings in urban environments.

Operators of the remaining coal power plants connected to the UK grid are reviewing a government request to extend the lifetime of the assets through next winter as part of plans to ease the current energy supply crisis, but they told Carbon Pulse on Thursday that any decision hinges on funding.

Carbon prices declined on Thursday morning amid light trading, with traders complaining about a lack of direction and active participation, while energy also drifted as markets awaited more information about ruble payments for Russian energy supplies.

Australian companies should over time lose the ability to use carbon credits from the UN’s Clean Development Mechanism (CDM) for offsetting purposes, oil major Shell and power generator Origin Energy have said.

The IEA has convened a high-profile group of advisors to provide strategic input for an upcoming report on guiding coal-based emissions towards a net zero path amid major energy security and affordability challenges, the Paris-based energy watchdog announced on Thursday.

A Labor victory at the upcoming Australian federal election will not necessarily guarantee an increase in demand for Australian Carbon Credit Units (ACCUs), analysts Reputex said Thursday, noting there are significant unknowns with the Safeguard Mechanism as well as the Emissions Reductions Fund (ERF) leaving the market guessing.

Japan will allow programmatic approaches in its J-credit system, the government announced Thursday, as the nation continues to reform its offset markets in a bid to boost supply ahead of the launch of its planned domestic voluntary carbon market.

Tree canopy loss in tropical forests last year was equivalent to the annual fossil fuel emissions of India, casting doubt on whether COP26 pledges to stop and counteract forest loss by 2030 can be met, a think-tank warned Thursday.

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A blockchain-based ESG finance platform will launch tokens to preserve in-ground gold deposits from a Canadian mine, and may look at ways for token holders to earn carbon credits from this practice.

Every California Carbon Offset (CCO) project that received new credits or a reduced invalidation period on existing units over the past two weeks provided direct environmental benefits to the state (DEBs), according to state data published Wednesday.

US biofuel credit (RIN) prices extended multi-month highs on Wednesday as Indonesia expanded its previously-announced cooking oil ban and Renewable Fuel Standard (RFS) importers were seen buying credits.

Germany-based utility RWE, the EU’s top corporate emitter, reported a 10.5% drop in its ETS-covered thermal power output for Q1, it said on Wednesday, as government-mandated plant closures outweighed a stronger market signal.

EU ETS reforms designed to limit speculative trading could cut liquidity in the market, leading to less price transparency and making purchasing more difficult for compliance entities, market experts warned on Wednesday, as EU lawmakers consider proposals to restrict participation by financial firms.

The UN Secretary-General-appointed expert group tasked with scrutinising non-state net zero pledges is set to provide only high-level guidance rather than authoritative standards, a senior UN official said following the group's first meeting on Wednesday. 

Two MEPs and several climate experts have rejected the benefit of including carbon removals (CDR) in the EU ETS as is currently under discussion in Brussels, pointing instead to the need to focus on emissions reductions and incentivising removals instead via separate investment funding.

An offset retailer has created a voluntary carbon market 'meta-credit' for corporate buyers, aiming to weed out the vast majority of carbon projects that it says fail to meet basic sustainability checks.

A US-listed exchange-traded fund tracking CORSIA-eligible and nature-based offset futures contracts began trading on Wednesday, building on the asset manager’s existing suite of global carbon allowance-focused funds.

Carbon prices dropped sharply in early Wednesday trading as the market reacted to news that Russia has suspended natural gas deliveries to Poland and Bulgaria after those countries refused to make payments for the fuel in rubles.