Carbon Pulse

Verified emissions in the EU ETS rose by 9.1% in 2021, according to incomplete and preliminary like-for-like data published by the European Commission on Friday.

Taiwan has released a transition plan to meet its 2050 target, leaning heavily on boosting renewables and investing in hydrogen, CCUS, and nature-based solutions with a yet-to-be decided carbon price playing a supporting role.

Some 440 companies, including most major names in the power, manufacturing, mining, and finance industries, have agreed to join Japan’s voluntary carbon emissions trading market.

An Australian oil and gas company has unveiled plans to cut its emissions to zero by turning them into non-fungible tokens (NFTs), fuelling global hopes that the world can accelerate GHG cuts with the cryptocurrency approach, which analysts say can generate around 50 billion offsets per year.

Australia will introduce veto power for the minister of agriculture for some carbon offset projects after next week, the government confirmed Friday.

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

California Carbon Allowance (CCA) prices rocketed to a 2.5-month high this week before cooling off amid erratic screen trading, while RGGI Allowance (RGA) values increased until Pennsylvania RGGI opponents made new moves to try and block the state’s entrance to the market.

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US streaming service Netflix sourced 1.5 mln mainly nature-based carbon credits to offset its 2021 full-scope emissions, the company said this week, detailing a five-step screening RFP-based procurement.

A bolder reform of the EU ETS Market Stability Reserve (MSR) could be essential to tackle high volatility, industry and research experts said on Thursday even as lawmakers appear to be eyeing softer changes. 

A Middle East and North Africa (MENA) voluntary carbon market is several years away from gaining traction despite burgeoning interest and a string of net zero pledges by countries and corporates, according to multiple stakeholders.

UN Secretary General Antonio Guterres launched a high-level expert group aimed at dissecting net zero commitments from non-state actors on Thursday, citing the need for greater transparency and consistency to weed out greenwashing, including any overreliance on carbon offsets.

Project standard manager Verra is seeking a major revamp to its VCS forest protection projects by streamlining data collection requirements, the body said on Wednesday in a move that could have varied impacts for the credit-earning abilities of each activity.

The UK’s greenhouse gas emissions rose 4.7% in 2021, according to provisional government data released Thursday that suggested a somewhat smaller increase for ETS-covered sectors as most of the big gains came from homes and road transport.

EUAs rose by around 1% on Thursday morning in quiet trading as the market recovered from the previous session's 4% drop, while energy markets were mixed after news emerged that EU competition officials had raided the offices of German gas companies.

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China’s environment ministry is planning to make significant reductions in the number of CO2 allowances it will hand out for 2021 and 2022, according to a draft seen by Carbon Pulse on Thursday.