Carbon Pulse

Compliance entities came closer to holding a flat California Carbon Allowance (CCA) position this week, while speculators slightly boosted their net long, according to US Commodity Futures Trading Commission (CFTC) data.

There is limited authoritative oversight of the voluntary carbon market, but both private-led initiatives and governments are beginning to show interest, according to participants at the North American Carbon World (NACW) conference in Anaheim, California.

The British government will fund a voluntary carbon offset market across four Mexican states with the aim of potentially scaling up into a compliance-based mechanism, a conference heard Friday.

We are on the hunt for a like-minded professional to join our team as a Senior Recruitment Consultant who will be focused on heading up our sustainability markets.

A senior European carbon and power analyst has rejoined ICIS to head up its energy analytics, Carbon Pulse has learned.

Almost all of the 12 candidates to become the president of France on Sunday fail to prominently address climate in their election manifestos, with just one contender considered to have a programme aligned with international and European climate targets in their effort to lead the EU's second biggest economy.

Fossil fuel-based power production across EU nations increased by an estimated 10% in Q1 2022 compared to a year earlier as coal-fired generation stepped into replace weak nuclear and hydro output, putting the European power sector on a strong emissions trajectory in 2022 that would boost EUA demand.

EUAs gave up early gains amid light trading as participants pointed to the beginning of the Easter break, while energy markets were stronger as Europe and Japan both agreed to ban imports of Russian coal, putting additional demand pressure on other energy sources.

The Indonesian government is temporarily holding off on issuing 2021 vintage credits to carbon credit developers, cutting off supply from one of the voluntary carbon market's biggest host nations as uncertainty swirls around how the country will regulate projects in the country.

Key Asian economies should pivot from their reliance on LNG towards renewables to protect themselves from energy price volatility and geopolitical supply shocks as they seek to deliver on their net zero goals, a report released on Friday said.

Australian oil and gas producer Woodside’s merger with BHP’s petroleum unit will enhance its ability to navigate the energy transition though it will rely heavily on offsets to meet climate targets, the company said on Friday, as it released a slew of documents recommending that shareholders approve the deal in a vote on May 19.

Allowance prices in China’s national emissions trading scheme edged up slightly this week on signals the government might make significant cuts to allocation, but a lack of confirmation and the long lead-time to the next compliance deadline tempered the market response.

Another exchange-traded fund tracking global carbon markets has added UK Allowances (UKAs) to its holdings.

The Australian Clean Energy Regulator has published new guidance outlining what it considers a fit and proper person (FPP) to be a carbon market project proponent in the Emissions Reduction Fund, in a bid to help restore confidence in the market.

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

*PREMIUM LISTING - As our business is growing, we are looking for new motivated people to help to expand our activities. For our team in Oslo, we are looking for a broker focusing on the global carbon markets.

Germany’s national ETS for heating and transport fuels (nEHS) includes cost relief measures for households that should be mirrored by the EU in the design of their new carbon market the same sectors, according to a position paper from a network of environmental organisations.

For the development of our climate action activities in Mexico we are looking for a Business Development Manager.

The northeastern US RGGI carbon market faces a number of challenging headwinds in the next few years that could potentially weaken the scheme or depress permit prices, an expert has warned.

The Oregon Department of Environmental Quality (DEQ) on Thursday announced it has made the first distribution of compliance instruments in its new market-based emissions reduction system.