Carbon Pulse

Japan’s Toho Gas on Thursday became the latest Asian energy firm to bundle an LNG shipment with carbon credits, saying it will continue to do so in the future.

Japan is considering upping its ambition under the Paris Agreement to a 40% cut below 2013 levels by 2030, compared to a 26% goal currently, according to the Kyodo news agency.

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Analysts have significantly raised their forecasts for EU carbon allowances, with several now predicting prices will average around €100 for an entire year later this decade, as EUAs set all-time highs ahead of the release of major proposals to tighten the ETS and as new investors continue to pile into the market.

WCI regulated entities are more quickly putting allowances and offsets into compliance accounts for past cap-and-trade obligations for the joint programme’s upcoming full true-up deadline, according to data released this week.

Oil major Shell invested around $90 mln in nature-based carbon mitigation activities over 2020, ramping up financing to help meet a pre-pandemic pledge to allocate $300 mln over three years.

The US Treasury Department published President Joe Biden’s tax plan on Wednesday that would eliminate fossil fuel subsidies in favour of provisions for clean energy and sustainable aviation fuels.

EUAs matched but could not surpass the prior session's all-time high on Wednesday, easing back on signs of profit-taking, a weaker auction, and softer energy prices.

Quebec is aiming to finalise its draft forestry protocol for private lands this spring, after the coronavirus pandemic and other priorities delayed the process for much of 2020, a government spokesperson told Carbon Pulse.

A US federal judge sentenced on Tuesday two Georgia men that orchestrated a WCI-linked carbon credit scandal, defrauding individuals from more than $1 million in the process.

The EU's emissions trading registry will be temporarily suspended on May 3 for technical maintenance and a software upgrade, the European Commission announced Wednesday.

Renewable energy-sourced green hydrogen will cost less than CCS-powered blue hydrogen by 2030, while also becoming competitive with natural gas by the same year, analysts said Wednesday. 

A savanna burning project in Western Australia earned more than 50,000 carbon credits in the Clean Energy Regulator’s latest issuance round, while voluntary cancellations continue to post strong year-on-year gains but with a strong focus on international units.

Australian carbon offset prices could double by 2030 if the government decides to set a net zero emissions target, though increasing expectations that companies cut their own GHG output rather than relying on carbon credits could dent demand, analysts said Wednesday.

Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORY EUAs soar to new record above €44 on supportive auction, wider markets EUAs jumped to a new all-time high on Tuesday, with strong auction demand and gains in wider markets providing […]

Utilities and airlines accounted for more than 80% of the record drop in verified EU ETS emissions in 2020, according to near complete data published by the European Commission on Tuesday.

WCI emitters shifted nearly 50 million allowances into compliance accounts over the first quarter of the year as they prepare for the linked cap-and-trade programme’s full true-up deadline this fall, according to programme data published Tuesday.

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