Carbon Pulse

An agreement between the Port of Townsville and Ark Energy could see the export of renewable hydrogen to South Korea in the next decade, the Queensland state government in Australia has announced.

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

Argentina wants to trade climate action for debt relief, President Alberto Fernandez told a virtual high-level dialogue on climate action on Wednesday.

Despite all the excitement around EUA prices topping €60 for the first time and moving on to a new record above €63.19 this week, let’s remember that coal-fired power generation is actually more profitable in the near term than natural gas. Wait, what? How did *that* happen?

California Low Carbon Fuel Standard (LCFS) credits sunk to a five-month low this week, as participants said bearish outlooks for the market are putting downward pressure on the physical and futures markets.

Swiss firm Climeworks on Wednesday launched the world’s largest direct air capture (DAC) and storage plant powered by renewable energy, with the Iceland facility's removal credits already in fiery demand.

California offset issuances slid to a more than two-month low this week, as regulator ARB doled out nearly 230,000 new credits mostly to ozone-depleting substance (ODS) projects, according to data published Wednesday.

Traders are anticipating the upcoming Q3 RGGI auction to settle at or slightly above the secondary market, with compliance entities holding allowances close to current emissions through the first half of the year.

Three Indiana-based offset projects are seeking to transition into the Low Carbon Fuel Standard (LCFS), with the new petition following similar efforts by dairy digesters over the past few years, according to documents published by state regulator ARB on Wednesday.

The European Securities and Markets Authority "stands ready" to raise concerns voiced in a complaint about alleged market abuse in the EU ETS filed by a participant, according to email correspondence seen by Carbon Pulse, and with relevant committees and agencies the watchdog said they will consider action.

Carbon and natural gas prices are likely to diverge in the coming months, as gas supply improves and the surplus of EU emissions allowances shrinks, according to an analyst.

EU carbon prices erased Tuesday's loss in early trading on Wednesday, climbing within a few cents of their record after TTF natural gas prices surged on the back of reduced production at a key North Sea platform.

South Korea’s monthly CO2 auctions continue to draw limited interest despite strong price growth, with buyers picking up fewer than half the available allowances at Wednesday’s September sale.

Mitsubishi will partner with Shell on a project to produce hydrogen from Canada to Japan and other Asian markets from the latter half of this decade, the company announced on Wednesday.

There is overwhelming interest in conservation finance from global investors, but access to finance tools such as biodiversity offsets and investable large-scale deals remains a roadblock, according to research published on Wednesday.

New Zealand carbon allowances raced to new highs in Wednesday trade, as the EPA posted data showing a 33% increase in speculator NZU holdings in the June quarter.

Australia’s plans to introduce a new type of carbon credits for industrials could interrupt the demand side in the domestic voluntary carbon market and shave as much as A$2 billion ($1.48 bln) off ACCU investments over the next decade, analysts warned Wednesday.

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

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EUAs eased on Tuesday, bucking more gains in key gas and power markets and failing to retest yesterday's record high.