Carbon Pulse

Saudi Arabia's public investment fund (PIF) has signed five memorandums of understanding (MoU) with large businesses in the country as it seeks to establish a voluntary carbon market (VCM) in the Middle East and North Africa (MENA) region by 2023, it announced this week.

The Australian government is facing increased criticism for its job operating the nation’s offset market, as a group of 15 market participants on Wednesday asked for the recently announced changes to the ERF to be delayed, while studies led by a prominent academic concluded the whole scheme is “largely a scam”.

China released Wednesday a 15-year roadmap for hydrogen production, setting production goals for green hydrogen for the first time.

US oil and gas company Occidental has signed an agreement with a South Korean trading company for the supply of “net zero oil” in a five-year deal that involves the use of direct air capture (DAC) technology to remove CO2 from the atmosphere to abate the lifecycle emissions of the oil sold, the company announced.

Macquarie is seeking an energetic and experienced sales/originator to join its Asian Power, Gas and Emissions team.

The Hong Kong subsidiary of a major Chinese investment bank on Wednesday launched an exchange-traded fund (ETF) on the Hong Kong Stock Exchange that will track EU carbon futures.

The role is concentrated on supporting Bioeconomy’s land-based carbon projects for carbon asset development and other Nature-Based Solutions.

The parent company of Germany's European Energy Exchange (EEX) has invested in and partnered with Singapore-based AirCarbon Exchange (ACX) to help develop and scale the voluntary carbon market (VCM), the companies announced Wednesday.

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

This is a full-time position reporting to the Head of Carbon. The Manager will be supported by Bioeconomy’s project operations team, which oversees ongoing project monitoring, reporting, and verification, as well as the commercial teams, which manage the sale of the carbon assets.

This is a full-time position reporting to Project Management and the Head of Carbon. The Expert will be supported by Bioeconomy’s project operations team, which oversees ongoing project monitoring, reporting, and verification, as well as the commercial teams, which manage the sale of the carbon assets.

This is a full-time position reporting to the Head of Carbon. The Technical Expert will be supported by Bioeconomy’s project operations team, which oversees ongoing project monitoring, reporting, and verification, as well as the commercial teams, which manage the sale of the carbon assets.

UK heavy industries are urging the British government to protect them from the potential collapse of an offshoot of Russian energy firm Gazprom, one of Britain’s biggest suppliers of gas and related carbon allowances.

Low-cost airline Ryanair has set itself a net zero target for 2050 – a goal that more than half of which it said will be met using a mix of carbon offsets and sustainable aviation fuels.

The March auction for the Massachusetts Global Warming Solutions Act (GWSA) settled well below $1.00, an enormous departure from all previous sales in the power sector cap-and-trade programme.

A Canadian asset manager has launched an investment vehicle that will buy performance credits and offsets under Alberta’s Technology Innovation and Emissions Reduction (TIER) regime and hold them as the carbon price jumps this decade.

London is in a strong position but faces significant competition from cities worldwide in its bid to become a global hub for climate finance and the voluntary carbon market, a conference in the UK capital heard on Tuesday.

Four months on from a UN emissions trade deal, governments remain puzzled over how host countries should authorise international transfers and many other practicalities, a virtual meeting heard this week.

The US Securities and Exchange Commission (SEC) climate disclosure rules are a welcome step towards improved corporate climate action worldwide, a conference heard on Tuesday as investors urged firms to stay focused on long-term climate goals in the face of the current energy crisis.

EU lawmakers are struggling to home in on compromises on a pivotal reform of the bloc's carbon market, with some wary of stirring public anger over heightened energy bills amid the unfolding crisis in Ukraine.