Carbon Pulse

October electricity sector CO2 emissions under the California Independent System Operator (CAISO) dropped to their lowest level in six years despite gas generation rising month-on-month, according to data published Monday.

Companies should consider buying more carbon allowances both as a hedge against future ETS price rises and also to use towards voluntary climate pledges, a conference heard on Tuesday.

The EU's proposed carbon border adjustment mechanism (CBAM) needs fundamental design changes, including adding export rebates, a testing period, and extended coverage to scope 2 emissions, a conference heard Tuesday.

The P&P NBS Manager is in charge of enriching the Carbon Offset portfolio of EcoAct with Best-In-Class projects and qualitative environmental assets.

Two key EU parliamentarians were split over the likelihood of an intervention to try to curb prices in the EU ETS, a conference heard on Tuesday as prices hit new heights.

EUAs continued their unprecedented trajectory on Tuesday morning, adding more than €2.80 at one point as options hedging and speculative buying continued, while energy markets rose strongly amid colder temperatures across the EU.

US oil and gas major ExxonMobil will target net zero GHG operational emissions by 2030 from its operated assets in the US Permian basin, a prolific oil and gas-producing region in Texas and New Mexico, the company has announced.

Australia’s Bluescope has signed a Memorandum of Understanding (MoU) with oil major Shell to explore renewable hydrogen projects in the state of New South Wales, the company announced on Tuesday.

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

Japanese trading house Mitsui and global forestry investment manager New Forests have teamed up to develop a fund that will generate millions of carbon credits from forestry projects in Australia.

Voluntary emissions reduction (VER) values marched higher this week as voluntary carbon market (VCM) sources reported buyers were becoming less choosey about vintage and credit types amid the year-long surge in prices.

An agency of Pennsylvania's Republican legislature has denied Democratic Governor Tom Wolf’s administration the chance to immediately publish its RGGI-aligned cap-and-trade regulation, meaning the Keystone State is likely to see its possible entrance into the Northeast US market slip to Q2 2022 or later.

*PREMIUM LISTING - New Forests seeks a qualified candidate for the position of Forester – Carbon Projects. In this role you will be responsible for supporting New Forests’ forestland and forest carbon investment strategies in the United States, including the implementation of forestry carbon projects.

This role is a unique opportunity to investigate some of the most important questions around decarbonizing Canada’s economy. As our Research Director, you will lead our policy research on a variety of topics including overseeing energy-economy modelling of net-zero pathways, pursuing questions around the cost impacts of carbon pricing, and assessing specific global climate policies to determine their suitability for Canada. All the research you lead will contribute to our ambitious public policy agenda.

EU member states have handed out more than half the total number of free EUAs for 2021 to industrial installations, nine months later than the normal issuance timeframe, with just three weeks to go before the end of the year.

Japan’s economy ministry has set up a study group to deliver recommendations on the use of offsets in the voluntary carbon market it is planning to launch next April.

EUAs straddled the €80 mark on Monday morning, recovering the previous session's losses and shrugging off weaker energy markets as the weight of call option positions acted as a magnet.

Support BOGA members in developing and implementing a strategy to expand and strengthen the alliance based on analysis of the future global landscape for oil and gas production in a Paris-aligned world. Another important task is the establishment of a community of practice, helping members to share experience, discuss thematic issues, and access technical advice.

Oil majors’ climate targets are littered with loopholes but still fall short of Paris Agreement goals, according to assessors struggling to make sense of the piecemeal efforts of one of the most significant sectors for the low-carbon transition.

China plans to add production of electrolytric aluminium and cement to its national emissions trading scheme next year, according the chairman of the Shanghai Environment and Energy Exchange, a move that will add nearly 2 billion tonnes of CO2 to the market.