Carbon Pulse

Oslo's municipality has secured financing for the Klemetsrud waste-to-energy carbon capture plant, spurring fresh optimism for a project denied EU funding as a debate looms on carbon removal credits.

The EU could slash gas demand in five years by massively scaling up renewables and energy efficiency supported by a new €100 billion fund, a think-tank said on Thursday as Germany considers suspending its coal phaseout and EU leaders meet for talks on how to ramp up pressure on Moscow.

EUAs rose slightly in light trading on Thursday, while energy markets also rose as participants expressed concern that soaring prices have reduced traders' ability to take on new positions amid high exchange margins.

Evolution Markets has appointed a new CEO, it said Thursday, as the environmental and energy brokers announced a series of changes to its executive team.

China has vowed to put an end to fake and misleading data in its domestic carbon market, but market participants say officials face a difficult task as bad actors simply have no incentive to stop.

Nasdaq has launched three commodity price reference indexes in the world’s first move to track the price of removing CO2 from the atmosphere, the US-headquartered exchange operator announced on Thursday.

One of the biggest industrial facilities in New Zealand’s emissions trading scheme will have most of its free NZUs cut, starting from 2021, the government announced Thursday.

The number of carbon credits surrendered under Australia’s Safeguard Mechanism rose moderately in FY2020-21, regulator data showed Thursday, though the vast majority of the nation’s biggest emitters remain untroubled by the programme.

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

Australian offset prices are unlikely to rise much above the mid-A$30s in coming years, while plentiful supply from existing projects will torpedo new investments after the government’s recent market intervention, analysts said Thursday.

California regulator ARB this week doled out the heaviest volume of offsets for the cap-and-trade programme since 2020, as two new forestry projects made a splash, according to state data published Wednesday.

California transportation fuel sales ramped up considerably in 2021 as the state recovered from the onset of the COVID-19 pandemic, though the higher WCI-capped emissions that stemmed from this rebound were likely still below pre-coronavirus levels, according to state data released Tuesday.

The Forest Carbon Analyst will be working under the Director of Project Development, to provide technical expertise to support the acquisition, development and ongoing management of forest carbon offset projects.

Working under the Director of Forest Carbon, the Forest Carbon Manager will provide project recruitment, origination, and management expertise to support the acquisition, development, and ongoing management of forest carbon offset projects.

Headline budgetary measures published in the UK’s spring statement on Wednesday exert only light-touch pressures on greenhouse gas emissions, with a targeted VAT tax reduction pulling in the opposite direction as a 12-month fuel tax cut.

Heavy industries may need the timely introduction of a global CO2 price to ensure they decarbonise in line with international climate targets and avoid stranded assets, a virtual conference heard on Wednesday along with how EU carbon policies in development may serve as a good example.

The Intercontinental Exchange (ICE) is planning a May launch for its first nature-based carbon credit futures contract, giving buyers access to the fast-growing voluntary carbon market.

Imposing a carbon price corridor for the EU's proposed second ETS for transport and buildings is an idea gaining momentum among lawmakers, a move that could help defuse fears about the carbon market putting an excessive burden on poorer households.

Voluntary carbon offset providers Natural Capital Partners and ClimateCare on Wednesday announced a rebranding as Climate Impact Partners, cementing their merger and setting a 2030 emissions goal.

EUA prices stabilised at slightly higher levels on Wednesday morning ahead of the quarterly options contract expiry in very thin trading, while energy prices were higher as traders weighed whether the EU needs additional gas supplies.