Carbon Pulse
![Subscribe to Carbon Pulse feed](https://www.seng.org.au/misc/feed.png)
![Carbon Pulse](https://carbon-pulse.com/wp-content/uploads/2024/01/cropped-apple-touch-icon-32x32.png)
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 40 min ago
ANALYSIS: Peruvian dispute over REDD reference levels presages global offset supply uncertainty
Three indigenous organisations and nine REDD offset project developers have challenged Peru’s new forest emissions reference level (FREL), which they say reflects the preferences of donor nations and not realities on the ground in low-deforestation countries.
Categories: Around The Web
California gasoline consumption hits 3-mth high as demand remains below 2020 levels
California gasoline consumption rose in February over the prior month as Governor Gavin Newsom eased COVID-19 restrictions, but demand continues to remain below pre-pandemic levels, according to federal data released Tuesday.
Categories: Around The Web
US bolstering climate resiliency as Biden administration eyes ambitious NDC
President Joe Biden’s administration intends to advance climate resiliency strategies across the federal government as the US is set to lay out a more ambitious Nationally Determined Contribution (NDC) to the Paris Agreement this week, panelists said Tuesday.
Categories: Around The Web
Russian lawmakers give initial nod to nation’s first climate law
Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.
Categories: Around The Web
EU Market: EUAs set new record above €45 following strong auction
EUAs extended their all-time high on Tuesday, breaking above €45 for the first time ever as strong auction demand spurred bullish confidence despite warnings of a technical correction.
Categories: Around The Web
EU carbon market for vehicles, buildings would be “adjacent system, maybe with linkages” to existing ETS -official
If the EU’s carbon market is to be expanded to road transport and buildings, it would take the shape of an “adjacent system, maybe with linkages” to the existing ETS that would be increased over time, a senior European Commission official said Tuesday.
Categories: Around The Web
LCFS Market: California prices recede as near-term demand wanes
California Low Carbon Fuel Standard (LCFS) credit prices fell back towards a year-low this week on thin demand, while more US fuel providers announced plans to build a renewable diesel (RD) plant that could supply the transportation sector programme.
Categories: Around The Web
Analysts at Refinitiv raise EU carbon price forecasts as bullish factors build
Analysts at Refinitiv have upped their forecast for EUA prices this year as greater climate ambition at EU level, rising investor interest in the ETS, and other factors combine to translate into more demand for allowances.
Categories: Around The Web
New Zealand consults on major changes to ETS price control levels
New Zealand’s environment ministry on Tuesday launched its annual consultation on settings in its emissions trading scheme, and included proposals from the independent Climate Change Commission (CCC) that would see major increases in the price floor and ceiling at NZU auctions.
Categories: Around The Web
EU’s MSR intake rate might need raising to reach 2030 climate target -report
The EU carbon market’s supply-adjusting MSR intake rate would need to at least be maintained at its current 24% or even increased if the 27-nation bloc is to meet its 2030 emissions reduction target, an NGO-commissioned report released Tuesday found.
Categories: Around The Web
CP Daily: Monday April 19, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
Offset developers, registries must bring higher-integrity protocols to market -report
Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday.
Categories: Around The Web
Canada eyes CBAM consultation as budget sets out more stringent climate target
The Canadian government will soon launch a consultation process on a carbon border adjustment mechanism (CBAM), while it also looks to CCUS tax credits and other climate funding strategies to hit a more ambitious GHG reduction goal, according to the proposed federal budget published Monday.
Categories: Around The Web
Countries with EU ETS “deficits” should be exempted from MSR, Poland proposes
Poland has proposed modifying the EU carbon market’s MSR to exempt countries that are cutting emissions but continue to face an allowance “deficit”.
Categories: Around The Web
VCM Report: Nature-based offset trades rev up amid wider VER stagnation
Voluntary emissions reduction (VER) prices dithered this week evenas spot commodities exchange and market data firm Xpansiv announced the inaugural trades in its nature-based offset product, while a new report highlighted the expansion of voluntary carbon market (VCM) interest in forestry-based credits over the past five years.
Categories: Around The Web
EU Market: EUAs slip back after hitting another new record near €45
EUAs extended their record high again on Monday, but later slipped back as experts were mixed as to carbon's next move.
Categories: Around The Web
INTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution
After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.
Categories: Around The Web
Higher EU renewables targets by 2030 risks depressing carbon price, say analysts
The EU will need to carefully calibrate its 2030 renewables targets with the bloc’s carbon market to avoid depressing EUA prices due to reduced power sector demand, analysts said in a report last week.
Categories: Around The Web
Climate Change/Finance Analyst, Hamerkop – Home-based (UK)
The selected candidate(s) will support consultancy assignments in the sectors related to natural ecosystems (e.g., agriculture, forestry, and environmental change) and energy. The internship/job consists of supporting HAMERKOP’s consultants with studies, analytics, and the formulation of projects and policies (in energy access, forestry, and agriculture) in developing countries, and eligible to various climate-related financing mechanisms.
Categories: Around The Web
Senior Policy Analyst, European Green Deal, ERCST – Brussels
The European Roundtable on Climate Change and Sustainable Transition (ERCST) is seeking a senior policy analyst to join its team in Brussels to work on EU and international climate policy, starting as soon as possible.
Categories: Around The Web