Carbon Pulse

Coal producing Indonesia intends to introduce a carbon tax for the power sector next year, though that will work in tandem with an intensity-based emissions trading scheme.

Taiwan’s Environmental Protection Administration (EPA) has proposed a low carbon tax for big emitters to be implemented in 2023 in a bid to counter the EU’s carbon border adjustment mechanism (CBAM) and help drive domestic emissions towards net zero by 2050.

Guatemala has signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF) that will see the central American state receive up to $52.5 million for reducing emissions from forestry and land use, the World Bank announced this week.

Australia has published a proposal to award carbon credits to projects that introduce tidal flows to previously completely or partially drained coastal wetland ecosystems.

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

Russian financial services company VTB Group is launching a division that will focus on carbon finance and trading, it announced Wednesday, four months after unveiling a partnership to develop an emissions marketplace.

Governments met virtually this week for the first part of a UN summit tasked with developing a global framework to protect biodiversity, with implications on how forest and land protection plays into climate mitigation and how funders can claim credit.

California regulator ARB distributed the largest number of offsets since December this week in the penultimate issuance before the third full compliance deadline of the WCI cap-and-trade programme, state data showed Wednesday.

The California Air Resources Board is seeking motivated and experienced applicants to work on a flagship greenhouse gas reduction program—the Low Carbon Fuel Standard (LCFS).

The Fuels Section of the Industrial Strategies Division (ISD) is responsible for supporting the Low Carbon Fuel Standard (LCFS) by developing and maintaining the LCFS Reporting Tool (LRT), Credit Banking and Transfer System (CBTS), and Alternative Fuels Portal (AFP). ISD is seeking an Air Resources Engineer to manage the LCFS data management system contract and coordinate the preparation and evaluation of data management system changes to ensure proper operation and maintenance of the system.

Switzerland has approved bilateral agreements with Georgia and Dominica, enabling the two nations to sell it carbon credits to help meet its Paris Agreement emissions pledge.

Carbon Pulse has hired a new Climate and Energy Correspondent to cover what is a crucial time in Brussels.

California’s WCI-linked carbon market floor price expectations for 2022 rose again in September as inflation inched up and bucked two months of declines, federal data published Wednesday showed.

EU governments should not to intervene in the EU ETS, the European Commission said on Wednesday, publishing a ‘toolbox’ of measures to tackle surging energy prices that ruled out speculation as a major driver of higher carbon prices but still tasked officials to investigate further.

Carbon was little changed in early Wednesday trade, with participants describing a "range-bound" market even as energy prices advanced.

South Korea’s monthly carbon auction Wednesday followed the secondary market north and cleared 1% below spot prices, while selling over 90% of the allowances on offer.

New South Wales, Australia’s most populous state, has released a new hydrogen plan to attract tens of billions of dollars of investment and boost the state’s role in Australia’s emerging renewable hydrogen sector, the government announced on Wednesday.

Australian carbon credits traded at a record A$31 ($22.74) on Wednesday, while some landfill gas developers are close to fulfilling large ERF contracts, potentially freeing up more supply for the secondary market.

Clean energy progress is not going fast enough to put global emissions into a sustained decline towards net zero by mid-century, the Paris-based International Energy Agency (IEA) warned on Wednesday.

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