Carbon Pulse

Verra is seeking a Senior Program Officer, Methodologies, to support the development of innovative and high-impact VCS methodologies, with a focus on Nature Climate Solutions (NCS).

The number of carbon credits generated under Australia’s Carbon Farming Initiative has surpassed 100 million, the Clean Energy Regulator announced Monday, though voluntary cancellations of the domestic offsets have slowed down somewhat after a strong start to the year.

A Beijing construction company has bought the city’s first batch of green transportation carbon offsets, units generated by individuals in Beijing using low-carbon options such as public transport, walking, and biking.

Carbon emissions regulated by South Korea’s cap-and-trade scheme is on track to rebound by over 6% this year, but the market will likely still see a surplus of almost 30 million allowances, analysts said Monday.

Holcim, the world’s largest cement maker, has outlined a number of targets and strategies that it says will make it “nature-positive” by 2030.

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

WCI regulated entities reduced their open short positions over the past week as the front-month and current auction clearing price (ACP) index futures contracts expired, while speculators held holdings stagnate, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A new environmental asset management firm has opened calls for its inaugural voluntary carbon offset fund, seeking to raise up to $1 billion.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Virginia and California.

Saudi Arabia’s Public Investment Fund and the country’s markets operator Tadawul Group on Friday announced plans to develop a carbon trading exchange for the Middle East and North Africa region.

The US special envoy on climate, John Kerry, on Friday left China after several days of talks, but the absence of a joint statement at his departure leaves little reason for optimism ahead of the Glasgow COP26 UN climate negotiations in November, observers say.

Carbon advanced for a second day, extending this week's record high to above €62 as investors were said to be back on the buying side and sellers were thin on the ground.

A report from an environmental non-profit group argues that the hyping of hydrogen as a climate solution only delays the implementation of more effective solutions, such as electrification of the buildings and transport sectors.

China’s carbon price shed another 6% this week, while trading volumes fell to barely a trickle as demand remained low amid a lack of regulatory and administrative developments.

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

China will likely miss its target to restrict 2021 steel production to last year’s levels, and instead see an output increase that will add CO2 equivalent to the annual emissions of the Netherlands, a report released Friday said.

The UK has updated its “carbon values” - the monetary values that society places on emissions that are used to evaluate government policy - with the new central figure set at an eye-watering £245 ($339) per tonne, or nearly six times the previous benchmark.

California Carbon Allowances (CCA) rose week-on-week after seeing significant volatility over the five-day period following the August quarterly sale, while RGGI allowances (RGAs) edged up slightly ahead of the Q3 auction next week.

The Pennsylvania House Environmental and Energy Committee voted Thursday to disapprove of the final RGGI-modelled cap-and-trade regulation, with the GOP-led effort coming in direct response to the Independent Regulatory Review Commission’s (IRRC) recent approval.

(Free read) - Carbon Pulse has significantly strengthened its best-in-class news reporting team by bringing aboard two more expert hires – one previously the lead energy analyst with The Economist Intelligence Unit (EIU), and the other a lead negotiator for Article 6 of the Paris Agreement.