Carbon Pulse

*PREMIUM LISTING – The Carbon Finance Deal Structurer plays a key role in the mission of the NCS Fund by leading on the structuring of innovative transactions with key partners within and outside of Conservation International.

*PREMIUM LISTING – Verra is seeking a Senior Technical Advisor or Manager, Supply Chain Innovations, to lead our work in establishing new standards, tools, and programs to support and incentivize corporate GHG abatement activities. 

*PREMIUM LISTING – Verra is creating the new role of Director, Financial Innovations, to lead the development and implementation of Verra’s strategy for standards-related financial, investment, and insurance innovations.

The EU's central and eastern (CEE) nations must deeply commit to the bloc's wide-ranging European Green Deal (EGD) or risk falling further behind wealthier western member states, a think-tank said in a report published on Wednesday.

The EU’s energy intensive industries on Wednesday urged EU leaders to lean on gas suppliers to help ease the current price surge, and to act to avoid sudden increases in carbon prices in future.

EUAs recovered early on Wednesday after the previous session's 8% plunge, as many traders saw the drop overdone and some industrial buyers looked to take advantage of the lower prices.

The Western Australia state government on Wednesday proposed to amend its Forest Products Act so that it can earn millions of carbon credits by implementing its pine tree planting programme.

China has released a policy framework document laying out an overall pathway to becoming carbon neutral by 2060, including a target to get 80% of its energy from non-fossil sources by that year, with a set of more detailed action plans expected to be released in coming weeks.

Global decarbonisation is happening too slowly andthe world is getting further behind in efforts to get on a 1.5C pathway, according to a report from PwC released on Wednesday.

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

The US EPA may not put forth preliminary biofuel quotas for 2021-22 under the Renewable Fuel Standard (RFS) until Congress can hammer out an agreement on the bipartisan infrastructure bill and Democrat-led reconciliation package, a conference heard Tuesday.

Efforts to pass a Low Carbon Fuel Standard (LCFS) bill in New York are running up against opposition from environmental justice (EJ) groups worried about the effects of the market-based programme in their communities, a co-sponsor of the legislation said Tuesday.

The UK government set out its strategy for meeting its net zero 2050 target on Tuesday, fleshing out more medium-term policy details and selecting two CCS projects for funding.

A carbon tax combined with tax credits for renewable energy could push the US electricity sector towards deep decarbonisation by 2030, according to academic modelling results released this week.

The continued swell in climate commitments made by corporates and other actors has meant rapid growth in the demand for carbon offsets, but the journey to net-zero requires integrity checks along the way, a panel heard Wednesday.  

Over the last months, several companies have announced an aggregate of more than two billion dollars of investments - in particular trading houses or major emitters - in voluntary carbon market projects that champion nature-based solutions. At the same time, the LEAF coalition is encouraging the development of jurisdictional REDD+. For such initiatives to peacefully coexist, there is an urgent need for countries to build “nested” REDD+ systems.

Poland's plea to cancel or delay EU climate action and curb carbon market speculation is unlikely to gain enough support among the bloc's leaders, experts said on Tuesday, although it could end up bolstering mechanisms to help poorer citizens cope.

EUAs extended Monday's losses as sellers continued to test technical support levels on Tuesday, amid a general weakness in energy markets.

A carbon markets veteran has been recruited by ESG commodities trading platform Xpansiv for a management role leading the development of the firm's exchange operations.

A US-headquartered trading house has hired its first China-based emissions trader as it seeks to get into the fledgling Chinese compliance market as well as expand its presence in the voluntary market.