Carbon Pulse

The Clean Energy Regulator has made its first Australian Carbon Credit Unit (ACCU) issuance of the year, doling out 220,000 offsets, while the spot price continues to set new records on wafer thin volume.

A liquefied hydrogen carrier will shortly leave Australia to deliver a cargo, the world’s first, to Japan in what has been touted as a new phase for hydrogen’s role in the energy transition, a fuel that key economies in Northeast Asia have also pinned their hopes on to help decarbonise their economies.

Analysts have raised their EU carbon price forecasts across the board following late last year's rally, with some warning that competing narratives could drive the market sharply in either direction in the months to come, all while maintaining a high level of volatility.

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

US biofuel credit (RIN) prices rose nearly 10% on Tuesday which market participants attributed to significant involvement from refiners in the Renewable Fuel Standard (RFS) market.

London-based Sylvera has raised $32.6 million to accelerate its plans to build an offset ratings service that can assess the market’s entire range of carbon-cutting projects by 2024.

The EU risks missing its headline 2030 emissions goals because plans to reform the carbon market may do too little to shift the market’s surplus allowances, a consultancy warned in a study published on Tuesday.

Households are mostly unaware of how revenues collected through carbon pricing policies are returned to them through direct rebates, and are no more likely to show support for the policy because of these refunds, according to a survey published this week.

Brazil should adopt a cap-and-trade programme that goes beyond coverage of the power sector and gradually phases out free allowance allocation, the Ministry of Mines and Energy (MME) said in a new consultation.

EU carbon posted healthy gains Tuesday morning to wipe out the last two days of losses, while natural gas and power also consolidated a 10% week-on-week rally as weather forecasts predicted lower temperatures. UK Allowances reached a new record high in advance of Wednesday's auction.

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An investor group managing a collective $10 trillion in assets has extended its members' required climate goals by five years to 2030, despite less than half of the firms having finalised their 2025 targets.

The cumulative spend of a net zero energy transition for the global economy would amount to $275 trillion by 2050, reflecting an annual average cost of just over $9 trillion over the next three decades, a report released on Tuesday has found.

A Spain-based blockchain carbon offsetting platform has raised €7 million through a European funding round, and will now aim to raise almost twice that amount in a second round targeting the US.

New Zealand’s only exchange traded fund focusing on carbon reported a 2021 return on its net tangible assets of 55% as NZ and Australian carbon prices saw rapid growth throughout the year.

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

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Finland should give priority to helping develop an EU-wide emissions trading scheme that covers road transport rather than design its own domestic system, a Finnish cross-ministerial committee has opined.

California gasoline consumption rose in October but still stayed beneath pre-pandemic levels, as diesel usage fell significantly from a decade-high watermark the month prior, according to state data published Friday.

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