Carbon Pulse

Polish utility PGE reported a 23% rise in its coal-fired power generation, it said in financial results on Tuesday, outpacing an 18% rise in its overall output amid a post-pandemic demand recovery.

We are looking for a Junior Carbon Portfolio Analyst to join our fast-growing team of enthusiastic carbon offset specialists and agroforestry professionals.

EUAs jumped to a six-day high above €81 on light trading Tuesday ahead of tomorrow's quarterly options expiry, while energy prices were also generally higher as little progress appeared to be made towards reaching a ceasefire agreement in Ukraine.

China on Tuesday released the five-year plan for its energy sector, but without announcing any new or improved climate change or carbon emissions targets for the industry.

The global shipping and ports industries face long-term climate impact costs rising up to $25 billion annually in the absence of action to cut emissions, but ports are lagging on mitigation despite the key role they potentially play for the shipping sector to adopt a net zero goal.

Investment managers SparkChange have signed a strategic deal to manage the emissions inventory of an Australian company looking to expand into European and North American carbon markets.

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

The Business Associate will report to Blue’s leadership team and will assist with the overall management of the company and stakeholder relationships. You will be part of a fast-moving, entrepreneurial, highly collaborative and rewarding company with the opportunity to help build something from the ground up.

The Blue Carbon Associate or Manager (depending on experience level), will be a key member of Blue’s Projects Team and work closely with the Head of Projects and other members of the senior leadership team. You will be part of a fast-moving, entrepreneurial, highly collaborative and rewarding company with the opportunity to help build something from the ground up.

The first carbon credit standard in the Middle East expects to issue some 25 million offsets this year, as hundreds of projects build in its pipeline.

Italy, Spain, Portugal, and Greece are pushing for bold power and gas market reforms at an EU leaders' meeting this week, seeking to shield low- and middle-income households from sky-high energy prices despite uncertainty over how this would impact the EU ETS.

RGGI Allowance (RGA) prices lost over a dollar on Monday as traders said regulated entities may have been spooked by Virginia Governor Glenn Youngkin (R) divulging a blueprint for the state to exit the power sector carbon market.

A New York-based alternative asset manager on Friday announced a new carbon credit platform for nature-based units, as it also acquired a US forestry offset project developer.

The US Securities and Exchange Commission (SEC) released its highly-anticipated rule on climate-related financial disclosure on Monday, which includes a partial reporting requirement for companies’ indirect Scope 3 GHGs and mandate for firms to disclose offset usage.

Prices for exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to trade with volatility over the last week as nature-based credits suffered marginal week-on-week (WoW) losses but generally moved sideways in a market that is searching for direction.

EUAs were little changed at the start of the week as the pull of the dominant call option strike price remained strong, while energy markets were mixed as traders weighted the likelihood of Europe extending sanctions against Russia to oil supplies.

A major Indian project developer is planning to roll out a large-scale cookstove programme that it says can generate tens of millions of carbon credits annually over the next five-six years, and is lining up European oil and gas companies as partners in the venture.

Singapore and Indonesia have signed a memorandum of understanding (MoU) for cooperation on carbon pricing, climate change, and sustainability, Singapore’s National Climate Change Secretariat (NCCS) announced on Monday.

A Chinese province has decided to move forward with a carbon trading exchange that it hopes will capture the emerging market for so-called blue carbon credits amid heightened activity both domestically and abroad.

South Korean carbon allowances on Monday recorded a 14th successive session of losses, with the spot KAU price falling to its lowest level since early July as holders rush to offload their permits.