Carbon Pulse

EUAs resumed trading after the Easter break on a quiet note with prices little changed on Tuesday morning, while energy prices sagged even as the latest monthly pipeline capacity auction showed no natural gas will come to Europe through the northern Yamal pipeline in May.

A US-registered crypto company plans to issue 46 million carbon tokens this year, rising to 1 billion over the next decade, without involving any third-party verifiers to assess projects.

European majors Shell, TotalEnergies, and Repsol lead their peers in managing climate risk and re-shaping their business models for a low carbon world, while some Asian players have boosted their rankings due to greater energy transition investment, an assessment that ranked the climate strategy performance of oil and gas corporates has found.

The Architecture for REDD+ Transactions (ART) programme has approved a listing from Gabon to generate carbon credits which will be used to meet the terms of a forest management agreement with Norway.

China is set to introduce major changes to its national emissions trading scheme such as bringing in more sectors and begin auctioning of some CO2 permits from the 2023 compliance year, according to a leading academic who is advising the government on ETS design.

Regulated entities in the WCI cap-and-trade programme held a net long California Carbon Allowance (CCA) position for the first time since May, while speculators whittled down their holdings, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Voluntary emissions reduction (VER) prices largely stagnated this week with the exception of nature-based units, as voluntary carbon market participants reported a continued shift away from lower-cost offsets from China and India.

Carbon offset standard American Carbon Registry (ACR) on Monday announced it will begin labelling credits as CO2 “removals” though a new registry functionality, as well as allowing improved forest management (IFM) projects to generate units clearly tagged as removals or emissions reductions.

A Pennsylvania court on Monday rescinded its order that held up the publication of the state’s RGGI-modelled cap-and-trade regulation, though Republican legislators next month will still receive a hearing to consider their request to block the programme from taking effect.

China’s thermal power generation declined last month for the first time since last December, while total generation growth dropped to near zero, official data showed Monday.

The spot price in China’s national carbon market remained firm over the past week, but traders lack enthusiasm about the near future as the market is seeing little action and no regulatory progress.

Macquarie is seeking an energetic and experienced Trading Analyst to join its Asian Power, Gas and Emissions team.

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

California Low Carbon Fuel Standard (LCFS) credit prices this week retraced near recent lows, as initial optimism state regulator ARB may tighten the programme’s carbon intensity (CI) reduction targets wore off.

Canadian GHG output plunged in 2020 amid the onset of the COVID-19 pandemic, with the shrinking amount of Alberta coal power helping drive abatement independent of the coronavirus outbreak, according to government data published Thursday.

RGGI Allowance (RGA) prices remained well supported this week as traders reported compliance demand entering the power sector cap-and-trade market, while California Carbon Allowance (CCA) values held firm on continued light activity.

*Volkswagen ClimatePartner GmbH is looking for a Freelancer (m/f/d) or a Company to support in screening, planning, developing, and managing GHG emission reduction projects mainly in Africa. A strong focus will be on nature-based solutions and methodologies, but also on renewable energies and carbon capture, utilization, storage (CCUS), and community-based projects.

While it is essential for the world to protect forests that are not under immediate threat of deforestation, treating carbon credits from their conservation as fungible compliance instruments threatens to undermine carbon market integrity, argue several consultants critical of UN aviation body ICAO's recent decision to accept ART TREES carbon credits from jurisdictions under its CORSIA offsetting programme.

Friday marks the due date for countries’ official tally of their 2020 GHG emissions, revealing which nations kept or broke their international climate promises, and pointing to potential trust implications for the UN’s Paris Agreement.

Two carbon crediting programmes already approved for the CORSIA global aviation offset mechanism did not apply for eligibility after the scheme’s pilot phase concludes, according to data published by UN body ICAO’s Technical Advisory Body on Thursday.