Carbon Pulse

Startup firm Sylvera has raised $7.8 million to expand its voluntary carbon offset ratings business, with early assessments judging that many nature-based projects fall short of their promised emissions cuts.

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

The role is as an Originator for Carbon Markets within the Global Environmental Products Trading Business (EPTB). Reporting into the RTL for Europe, Middle East & Africa (EMEA) and working closely with the Carbon Markets Trading team you will support the identification, delivery and ongoing management of deals across the European Emissions market (EU-ETS), as well as the wider European energy complex (Coal, Power & Gas) and other Environmental Product markets as they mature.

The UK government has lowered the trigger price for the mechanism to control spiking allowance prices in the country’s new carbon market.

Macquarie's London-based head of environmental products has gone to Goldman Sachs, Carbon Pulse has learned, while his counterpart at Morgan Stanley's is taking his place at the Australian investment bank.

California regulator ARB’s offset issuances hit a two-month high this week as it minted nearly 500,000 new credits, but the year-to-date volume slipped beneath last year’s level, according to data published Wednesday.

Two fraudsters were convicted by a British court on Wednesday for scamming vulnerable victims out of £36 million in a ‘boiler room’ fraud operation based on the voluntary carbon market.

Power and industry will face the highest increase in ambition under Germany’s amended Climate Change Act adopted on Wednesday, though analysts believe the impact on EU carbon allowance demand can only be determined once the bloc’s carbon market reforms are undertaken.

Spanish utility Iberdrola reported a 25.5% drop in its remaining EU ETS-covered generation in Q1 on Wednesday, continuing its rapid decarbonisation and diminishing need for carbon allowances.

Almost 380 million more carbon allowances will be withdrawn from the EU ETS through next summer and inserted into the MSR, the European Commission announced late Wednesday in its annual 'TNAC' update, with the market's oversupply increasing by 14% last year largely due to the pandemic.

California’s WCI-linked cap-and-trade floor price is on pace to rise above $19.00 next year as inflation surged over April amid easing of COVID-19 restrictions across the US, according to federal data released Wednesday.

EUAs continued their record-breaking run early on Wednesday, with prices jumping to just shy of €55 after a strong pre-holiday auction and as investors inflows continued to build.

Australia will spend A$280 million ($219 mln) over the next decade to buy carbon credits from large industrial facilities cutting emissions below their Safeguard Mechanism baselines.

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

A meta-registry connecting different carbon standards and coalitions of nations could help stamp out risks associated with bilateral and multilateral emissions trading under the Paris Agreement, experts said Tuesday in response to a new legal analysis published on the subject.

This is a full-time position to design new Standard Requirements, climate and SDG impact quantification methodologies and tools to be used for fund certification in an innovative new blended finance vehicle, the Subnational Climate Finance initiative.

The New Brunswick Progressive Conservative government on Tuesday said it will reduce personal income taxes to blunt the impact of the Canadian province's abbreviated C$40/tonne carbon levy on fossil fuels, resurrecting an idea put forth by the federal Liberal Party over a decade ago.

Czech utility CEZ saw a decline in coal-based generation over Q1 even as other forms of output made increases, according to the company’s financial results on Tuesday.

EUAs added another euro to their record highs on Tuesday, making further gains amid stronger energy and continued solid buying from investors even as equities took a major hit.

California electricity consumption declined in 2020 due to the impacts of the COVID-19 pandemic, but more carbon-intensive sources fulfilled this demand, according to preliminary California Energy Commission (CEC) data released Tuesday.