Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 min 8 sec ago
South Korea eyes bilateral carbon credit deals with four nations
South Korea is in negotiations over bilateral carbon credit cooperation with four countries, with one framework agreement already signed, government documents showed.
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ANALYSIS: Airlines place bet on sustainable fuels in long haul net zero effort
The aviation sector has recently stepped up its climate ambitions and the ramping up of sustainable aviation fuels (SAF) use will kickstart early efforts by airlines to get on a net zero pathway.
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CP Daily: Monday October 18, 2021
A daily summary of our news plus bite-sized updates from around the world.
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Canadian ‘backstop’ OBPS obligations to wither in 2022 as provinces exit -analyst
Compliance obligations under the Canadian ‘backstop’ output-based pricing system (OBPS) will plummet next year as provinces depart the federally imposed large emitter programmes and implement their own alternatives, an analyst said Monday.
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Western Europe leads world in clean energy innovation -report
Western Europe is being credited as the highest contributor to global clean energy innovation, while the US and China lag behind, and the UK sets its sights on nuclear innovation.
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Shell predicts threefold growth in voluntary carbon market
Oil major Shell expects trading in the voluntary carbon market to increase by around threefold to 1.1 billion tonnes of CO2e a year by 2030, though rising corporate demand could exceed supply within a few years due to a lack of high-quality projects.
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COMMENT: High anxiety in the EU ETS
Summer seems a long time ago now. Back in August and September, EU carbon was setting almost weekly records, European gas was nicely positioned at the top of the merit order, the European Commission was talking about climate ambition, and all was right with the world. And just three weeks later, the EU ETS finds itself in a time of high volatility and of high anxiety.
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Earlier California CO2 neutrality goal could necessitate cap-and-trade budget revisions -official
A decision to bring forward California’s carbon neutrality goal by a decade could lead the state to alter its yearly allowance budgets under the cap-and-trade programme to meet this greater ambition, an official from state regulator ARB said Monday.
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VCM Report: VCM Report: VER price slump deepens as issuance pressure builds
Standardised, CORSIA-grade voluntary emissions reduction (VER) prices came under further pressure this week, consolidating the downturn of a week earlier amid signs of a ramp-up in issuances.
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Russia sets MRV rules, eyes verifier network for domestic carbon market
The Russian government has taken more steps towards the development of a domestic carbon market, including setting MRV rules for companies and establishing a network of internationally-recognised emissions auditors.
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ETS sectors face tough task as South Korea adopts stronger 2030 target
South Korea on Monday as expected approved its upgraded 40% emissions reduction target by 2030, which contains steep cuts for sectors in the emissions trading scheme and a shared role for government and the private sector in buying carbon credits from abroad.
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Euro Markets: Midday Update
EUAs reversed early losses on Monday morning in the run-up to the latest auction of gas transshipment capacity through Ukraine, while natural gas rose strongly after Russia's Gazprom declined to book any capacity in the sale.
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Mitsubishi commits to halving emissions by 2030, reaching net zero by 2050
Mitsubishi Corporation, Japan’s largest trading company with ten business units, will target a halving of its Scope 1 and 2 emissions by 2030 and aim for net zero operational emissions by 2050, the company announced on Monday.
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Chinese thermal power growth rebounds, but still haunted by coal shortages
China's thermal power growth picked up in September from the 10-month low recorded the previous month, official data showed Monday, but the numbers were still moderate as coal shortages and curbs on energy-intensive industries continued to weigh on the market.
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INEOS plans €2 bln green hydrogen investment in Europe
Industrial conglomerate INEOS plans to make a big investment in developing Europe’s green hydrogen capacity, with an announcement on Monday to commit €2 billion in what will be the region’s largest investment to date in electrolysis projects.
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CP Daily: Friday October 15, 2021
A daily summary of our news plus bite-sized updates from around the world.
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Climate Change Expert/Carbon Project Associate, Carbon Neutral Royalty – Remote
Your responsibilities as a carbon analyst will include identifying high quality projects suitable for investment and providing a technical review of projects being assessed.
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Project Development Manager, Carbon & Transportation Markets, 3Degrees – Portland/San Francisco/US Remote
The Project Development Manager will expand the 3Degrees portfolio of projects that generate environmental attributes to be sold in carbon and transportation markets. The Manager will originate and structure new project agreements.
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POLL: Analysts raise EU carbon price forecasts following gas spike, though some see downside risk
Analysts have raised their EU carbon price forecasts across the board to reflect the surge in gas prices and the ongoing influx of new speculative capital into the ETS, though some warned of possible downside risk ahead.
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US moves to enable mandatory climate transparency for corporates and large emitters
The White House outlined plans Friday for how it will make US companies legally required to publicise their climate change plans, making the information auditable by financial regulators and potentially helping to increase ambition at the COP26 UN summit next month.
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