Carbon Pulse

Washington state lawmakers tweaked the emissions baseline, offset utilisation limits, and phase-in of fuel suppliers in an amended WCI-modelled cap-and-trade bill this week, while making additional changes to address environmental justice and equity concerns.

California electricity sector emissions declined in 2020 due to lower overall consumption amid the COVID-19 pandemic, while CO2 output appeared slightly lower to begin 2021, according to California Independent System Operator (CAISO) data.

EUAs dipped towards €37 on Friday, falling further from the all-time high levels earlier this week as observers were mixed as to where they thought carbon would go next.

Ukrainian state energy producer Naftogaz announced a 2040 carbon neutrality target on Friday, as the country advances mandatory emissions reporting as a “first step” towards a full-fledged ETS.

Corresponding adjustments will be needed in the future whenever a carbon credit is used to offset emissions, to help ensure the promise is kept that the atmosphere is no worse off, argues Hugh Salway of voluntary carbon market certifier Gold Standard,

The Article 6 Governance Lead will be present in country and will lead the implementation of the governance frameworks element of the MATS Program, with support and guidance from GGGI's Carbon Pricing Global Practice and GGGI's Ethiopia Country Team.

Australia’s Clean Energy Regulator is planning a new reporting system for voluntary climate action as part of efforts to drive further growth in the nation’s voluntary carbon market.

We are exploring even more impactful opportunities including new distribution channels and payments to farmers for ecosystem services. Our goal is to help farmers plant more than 1 billion trees in the next decade. We are looking for an expert in Monitoring and Evaluation of Agroforestry projects to improve our measurement of the impact - both financial and environmental - of these programs.

Australia’s Woodside and Germany-headquartered RWE have agreed to explore potential trade in carbon neutral LNG as part of a 7-year gas supply contract that will commence in 2025.

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

A London-based brokerage has been denied in its appeal to claim back £5.6 million in tax linked to fraudulent trades in EU carbon allowances.

Voluntary carbon market certifier Gold Standard has proposed a phased timeline that would mean all its offsets will require corresponding adjustments by 2025, as well as setting tighter requirements for transitioning projects.

A Houston-based biofuel credit (RIN) trader may reorganise and resume trading operations after a number of lawsuits led it to file for Chapter 11 bankruptcy protection last month, according to a court filing published Wednesday.

RGGI Allowance (RGA) prices inched up on the secondary market this week on thin volume, as California Carbon Allowance (CCA) values dipped slightly as traders expected Wednesday's Q1 auction to settle at this year's WCI floor price.

A group of 11 trade associations representing banks, asset managers, and investment and pension funds endorsed a CO2 price on Thursday as a strategy to transitioning the US to a low-carbon economy, with growing support for such a policy from the business and financial community.

The Scottish Environment Protection Agency (SEPA) remains unable to access Britain’s carbon market MRV system or receive correspondence from big emitters after a major cyberattack targeted the regulator almost two months ago.

EUAs made slight gains on Thursday, halting a three-day losing streak as some market participants targeted a rapid return to the record levels of earlier this week.

A Texas-based environmental trader has joined a Tennessee-based fuel supplier with obligations in the WCI cap-and-trade market, Carbon Pulse has learned.

The EU’s prospective carbon border adjustment mechanism (CBAM) will likely take the shape of a ‘notional’ emissions market, the 27-nation bloc’s trade chief said on Thursday.

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