Carbon Pulse

Project developers are preparing a number of large REDD projects in Papua New Guinea, each capable of generating millions of offsets every year, though market participants are wary amid a long list of risks that have been associated with PNG forest carbon activities for over a decade.

The price for Chinese carbon allowances is expected to almost triple by the end of the decade after an initial gradual increase to 2025, according to a price survey released this week.

The combination of New Zealand’s historical CO2 permit surplus and new forestry investment at current carbon price levels means NZU demand will likely be met for the next decade even if the price doesn’t climb any higher, analysts said Wednesday.

Global methane emissions from energy-related activities are around 70% higher than what has been officially reported by governments, underlining the need for enhanced monitoring efforts and stronger policy action to drive down emissions of the potent greenhouse gas, the International Energy Agency (IEA) warned on Wednesday.

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

The European Commission aims to oblige big companies to align their supply chains with 1.5C global warming limits, according to a draft bill set to be unveiled on Wednesday that could have an impact far beyond the bloc's borders and even spur corporate demand for carbon credits.

Investments in carbon-cutting projects worldwide risk being delayed amid a lack of guidance on how countries should adjust for carbon credits generated on their territories, experts told an online panel on Tuesday.

*PREMIUM LISTING - ECP is seeking an experienced candidate to join our team as an Investment Analyst based out of Mill Valley, CA in the San Francisco Bay Area. The selected individual will be an analytically focused investment professional capable of technical financial modeling, disciplined market research, and the development of institutional quality investment materials.

The Air Quality Program (AQP) within the Department of Ecology is looking to fill a Climate Change: Clean Fuel Standard Program Analyst (Environmental Specialist 4)(In-Training) position. This position is located in our Headquarters Office in Lacey, WA.

*PREMIUM LISTING - Verra is looking for an Managing Director to oversee all of Verra’s internal operations and make sure all Verra teams are integrated and operating at peak performance.

*PREMIUM LISTING - Verra’s Chief Communications Officer leads the team responsible for developing, executing, and refining all aspects of Verra’s communications, including the establishment of positive narratives about the work that we do, the development of authoritative responses to criticisms, and the effective and efficient administration of all communications workflows.

Environmental products development firm IncubEx and energy trading platform Trayport will launch their new voluntary emissions reduction (VER) marketplace on Mar. 25, the companies said Tuesday.

California gasoline consumption in November remained in the same range below pre-COVID levels that has persisted since the spring, while diesel usage accelerated to an all-time record for the month, according to recent state data.

EUA prices fell back despite widespread gains across the energy complex after Russia formally recognised two breakaway regions of Ukraine, paving the way for Russian military forces to move into the area, and Germany in response halted work on operationalising Nord Stream 2.

Some institutional investors might be given access to trade in China’s national emissions trading scheme in the second half of the year, an official with the Shanghai Environment and Energy Exchange said this week, though it remains unclear exactly when financials will be able to open their trading accounts.

The total number of NZUs held in the national registry rose to 157.7 million in the fourth quarter of 2021, an increase in the number of overall holdings of around 6.6 mln, according to data released by the New Zealand Environmental Protection Agency.

Shanghai will establish its own regional carbon offsetting scheme that over time will be linked to the city’s emissions trading scheme, the municipal government has announced.

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

The EU’s proposed carbon border adjustment measure (CBAM) was kept on the sidelines of a summit between the EU and the African Union late last week, but experts believe the levy is likely to cast a shadow on trade relations between the two continents.

Voluntary emissions reduction (VER) prices on standardised, exchange-traded contracts plumbed multi-month lows this week, with traders citing a correction for last year’s bull run and adjusted vintage rules for a nature-based contract as reasons for the sell off.