Carbon Pulse

Poland's calls for EU ETS intervention are unlikely to gain traction at this week's EU leaders' summit, even as a Czechia minister said Prague may support the move, according to EU and observer sources on Monday.

Compliance entities saw their California Carbon Allowance (CCA) short position soar to an all-time high last week, while funds and other speculators modestly padded their long position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs jumped sharply in early Monday trading as gas and power both spiked after politicians cast further doubt on an early start-up of the Nord Stream 2 gas pipeline.

China’s greenhouse gas emissions are likely to increase next year as the government is emphasising economic stability ahead of the important party congress in late 2022, according to analysis published Monday.

More than half a million highly controversial industrial carbon credits have been brought on-chain over the past week, as demand created via crypto venture Klima DAO has offered an unexpected path to profit for holders of the units shunned for almost a decade after project owners were found to be cheating.

The deployment of CCS in key Asian economies will fall short of expectations due to financial and operational hurdles remaining for several decades for this widely touted low carbon technology, a report released on Monday claimed.

Japanese global trading house Marubeni and Taiwan’s national oil company, CPC, will complete the world’s first “carbon neutral” ethylene cargo delivery, the two companies have announced.

This role will focus on the Australian and New Zealand markets.

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

The US administration has ordered an immediate stop on public finance to overseas coal plants and other carbon-intensive energy projects, Bloomberg reported on Friday, citing a diplomatic cable.

The insurance sector should bolster its role in the growing voluntary carbon market, according to a recent report that estimates that the sector’s 2030 cut could be as high as $1.3 bln, as more market participants look to address risks associated with forest fires and other perils.

Western Balkan nations have committed to imposing carbon pricing by 2026, a timeframe matching the expected go-live of the EU’s carbon border adjustment mechanism (CBAM), according to a decarbonisation roadmap formally adopted by six governments.

Some 30 out of 32 initially-selected small-scale projects have signed grant deals to receive cash under the EU’s Innovation Fund, the European Commission said on Friday, the first such awards under the ETS-funded programme.

EUAs rallied on Friday as traders absorbed the impact of the previous session's 9.8% drop and news that Poland's parliament had called for the EU ETS to be suspended while being reformed.

We are looking for a RECs and Global Energy Attribute Certificates Manager to join the Global Markets strand of our Portfolio Management team, to focus on green certificates globally. The successful candidate will work closely with the team to provide technical and commercial support for colleagues, project partners, and existing and prospective clients.

The Chinese carbon market saw record trade this week ahead of the Dec. 15 compliance deadline, though if estimates are correct there is still a lot of demand to be filled in just four trading days.

Australia has the potential to become one of the world’s largest suppliers of hydrogen by the end of the decade if the country’s project pipeline is completed on time, a report from the Australian government released on Friday has claimed.

Australia will restrict the amount of farm land that can be used for some types of offset projects if they are shown to have a negative impact on agricultural production and carry out a review of the types of carbon credits that can be used for voluntary purposes.

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

US biofuel credit (RIN) values jumped over the past two days as Renewable Fuel Standard (RFS) market participants thought 2022 biofuel blending requirements announced by the EPA this week could cause an issue for obligated shorts in the future.