Carbon Pulse

The Regional Greenhouse Gas Initiative, Inc. (“RGGI, Inc.”) seeks to hire a Program Associate to be based in New York City.

The Regional Greenhouse Gas Initiative, Inc. (“RGGI, Inc.”) seeks to hire a Program & Communications Associate to be based in New York City.

Mining firm Rio Tinto has begun developing nature-based offset projects in Australia and Madagascar and will publish a group-wide carbon offset strategy later this year, it said this week, though activities are set to be kept within the company’s operational boundaries initially.

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

EU carbon allowances likely face more downside risk after retreating from an all-time high above €40 this week, analysts said Wednesday, with warmer European temperatures set to weigh.

Canada will explore increasing the annual stringency of performance standards under the ‘backstop’ output-based pricing system (OBPS) after next year in order to meet the country’s long-term GHG reduction goals, the federal environment ministry announced in kicking off a review of the large emitter programme.

Emissions covered by the WCI cap-and-trade programme will trend lower over the decade due to reduced power demand in California and new efforts to decarbonise Quebec’s transportation sector, analysts said in a report published Wednesday.

EUAs fell for the third straight day on Wednesday as a falling energy complex weighed, with carbon defying prevailing bullish sentiment and data showing speculative funds have become the market's largest segment.

Danish shipowner Maersk announced Wednesday that its first carbon neutral vessels could operate as of 2023, a rollout far faster than previously planned and coming as the wider EU shipping industry urges Brussels to impose targets for cleaner fuels as part of its climate package due in June.

Pennsylvania should consider delaying the implementation of its RGGI-aligned cap-and-trade regulation by one year and provide further evidence of  Governor Tom Wolf’s (D) statutory authority to implement the programme through executive means, an independent review board said Tuesday.

Traders differ wildly over how Wednesday’s first WCI auction of the year will perform, with some foreseeing another undersubscribed quarterly sale and others anticipating a sell out potentially above the floor price.

The committee overseeing the Japan-Kenya Joint Crediting Mechanism (JCM) programme has approved issuance of credits to a solar PV project in Kenya, the first time a scheme in the east African country earns JCM offsets.

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

The California government will not make any alterations to the state’s WCI-linked carbon market before it completes the 2022 Scoping Plan revision setting out the state’s future climate strategy, officials from two agencies said Tuesday.

EUAs slipped back below €39 on Tuesday after a failed bid to set another all-time high stirred doubts over whether carbon's recent rally had ended.

Environmental and sustainability services company The Heritage Group (THG) has invested in North American carbon offset developer and trading firm ClimeCo, the entities announced Tuesday.

Carbon offset project developer ecosecurities will focus on nature-based activities after years of pursuing varied approaches, and is considering teaming up with major producers to develop initiatives at scale.

Finland is setting up a working group to consider implementing a domestic carbon market to tackle transportation emissions, the government announced Tuesday.

Would-be participants in New Zealand’s first emissions unit auction next month can now begin the registration process, NZX said.

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