Carbon Pulse

The North American Leaders’ Summit (NALS) this week is set to feature several climate-related discussions, with US President Joe Biden’s administration clinging to the last remaining green provisions of the federal reconciliation bill and Canada arguing a proposed tax credit for American-made electric vehicles (EVs) will harm the country’s auto manufacturing industry.

EUAs rose to a six-week high as traders reacted to bullish energy news and shrugged off speculation regarding an EU report into speculative activity in the carbon market.

South Korea’s carbon market will go several years minimal access to foreign offsets while some projects risk financial ruin after this weekend’s UN climate deal, which provided Japan with certainty should it decide to tap into the voluntary carbon market.

Join this growing but close knit team that is helping to extend land management practices that regenerate the land and reduce Australia’s greenhouse gas emissions using carbon farming.

To streamline current and future carbon-related activities including trading and project development across the Royal Eagle Group, the company seeks two carbon traders/specialists to set up its in-house carbon trading desk, based in Singapore.

A group of nations has vowed to take a stronger line on carbon credits than those agreed at the Glasgow COP26 UN climate talks, pledging not to use pre-2020 CDM credits and to apply corresponding adjustments to voluntary market units.

New Zealand can reach 100% renewable-powered electricity by 2030 in the most cost-effective and market friendly way if it establishes a special entity to facilitate the retirement of the country’s thermal generation assets, a report released on Monday by a New Zealand power provider claimed.

China’s thermal power growth slowed in October, official data showed Monday, as the energy consumption curb put in place to ease coal shortage continued, though analysts don't expect big power surge after the curb ends.

Below is a summary of Carbon Pulse's coverage of COP26, including the daily roundups of various announcements and developments during the two-week summit.

Here are selected expert reactions to the Glasgow Climate Pact, which was concluded at the UN COP26 summit late Saturday, as well as a summary of the major announcements made during the two-week talks.

UN climate talks closed late Saturday by tasking nearly 200 nations to revise their emissions pledges within a year to “keep alive” the Paris Agreement's 1.5C global warming goal, but the deal failed to commit to a faster coal phaseout.

UN negotiations on a Paris Agreement Article 6 rulebook for international emissions trade made substantial strides during overtime at COP26 on Saturday, with officials lining up text that dilutes ambition upfront but sets firm long-term rules as governments battled on other issues.

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

The Canadian environment ministry this week pushed the back the release of final regulations for the federal Clean Fuel Standard (CFS), while noting it will refine the quantification methodologies for carbon capture and sequestration (CCS) methodologies that can generate credits under the programme.

REDD+ outcomes approved and tracked by the UN are moving ahead of Article 6 negotiations under the Paris Agreement, although others are pursuing alternative approaches or calling for restrictions to ensure the environmental integrity of global carbon trading.

California Low Carbon Fuel Standard (LCFS) credit values dug even deeper multi-year lows on Friday as traders said several kinds of market participants were seen unloading credits.

Carbon jumped to a new five-week high in early trading on Friday as traders positioned themselves ahead of the December options contract expiry, before the futures settled back as energy prices gave back early gains.

UN negotiations over the shape of international emissions trade continued on Friday morning amid accusations that the current text could result in a net increase in global emissions by allowing some carbon offsets to be traded without being accounted for under NDCs.

Two pastoral companies received the biggest amount of new carbon credits in the Clean Energy Regulator’s latest issuance round, while the government on Friday released the modelling behind its net zero target, revealing offset price estimates well below current market prices.

Key sectoral pledges regarding methane, coal, forestry, and transport, will close the emissions gap between a 1.5C pathway and stated 2030 climate targets by around 9%, or 2.2 billion tonnes of CO2e, an update on global emissions trajectories from Climate Action Tracker (CAT) said.