Carbon Pulse

EU Parliamentarians are set to table key ideas for ETS reforms in the coming weeks, with a senior MEP this week recommending sticking to plans to maintain the supply-regulating MSR current 24% annual absorption rate.

You are our go-to-person for questions around offsetting and carbon markets, being able to support our wider team and our customers regarding carbon market questions and offsetting inquiries. You closely follow the voluntary carbon market, its newest developments & trends, and translate this into useful information for us and our customers.

Czechia’s new government has pledged to phaseout coal power by 2033, a date five years earlier than the previous administration had planned but still beyond the end-date that the UN says is needed to stave off climate change.

PetroChina has hired Statkraft’s head of environmental markets origination to build and lead a new global carbon trading division, Carbon Pulse has learned.

EUAs were little changed on Friday morning amid mixed energy prices, as participants geared up for the resumption of allowance auctions on Monday.

A Tokyo-based firm has become the latest carbon company to list on a crypto-based exchange, aiding its plans to launch a blockchain-based platform this month for registering and trading non-fungible tokens (NFTs) backed by voluntary offsets.

Chinese carbon allowance prices held firm this week, propped up by demand from companies that missed the Dec. 31 compliance deadline, but trading volumes plummeted.

The Australian government will kickstart a new hydrogen trade initiative with a focus on clean hydrogen exports to Japan, Australia’s minister for energy and emissions reduction, Angus Taylor, announced on Friday.

Crypto carbon venture Klima DAO has struck a deal with a Sao Paolo-based company that tokenises carbon credits from REDD projects in the Amazon in a first bid to extend its reach beyond the cheap, catch-all units it has targeted so far.

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

GE is committed to helping the world achieve its decarbonization goals. GE has created an internal structure that is focused on capturing the latest learnings across the globe to develop the most cost effective and efficient pathway to decarbonizing the Energy industry.

Within the framework of our project LIFE DICET – Deepening international cooperation on emissions trading, we are recruiting two Research Associates.

US biofuel credit (RIN) values trended up over the holiday period and into the new year, with traders pointing to the return of regular buyers and elevated commodity values among the contributing factors.

RGGI Allowance (RGA) prices vaulted to new all-time highs above $14 this week as traders pointed to interest from both compliance entities and speculators, while California Carbon Allowance (CCA) values spiked in thin trade over the holiday period before retracing somewhat.

Natural capital fund Climate Asset Management has hired a veteran international carbon market expert as its aim to deploy $1.6 billion of investments worldwide gathers pace.

The EU should target a carbon sink of at least 490 MtCO2e by 2030 under its land use, land-use change and forestry (LULUCF) regulation, a key European Parliament member said in a draft report published this week, a tougher goal than the 310 MtCO2e level proposed by the Commission.

The UK has cut the annual allocation of free allowances to installations covered under its carbon market to 2025, according to new data published by the Department of Business, Energy and Industrial Strategy (BEIS).

EUAs dipped in a very thin trade on Thursday, as many markets across Europe were closed for public holidays, while natural gas prices climbed amid social unrest in Kazakhstan and a halt to exports from neighbouring Uzbekistan.

China’s environment ministry is proposing to reduce the number of CO2 allowances to be distributed under its national CO2 emissions trading scheme for 2021, but likely not enough of a cut to avoid another year of oversupply.

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