Carbon Pulse

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

WCI financial firms increased their California Carbon Allowance (CCA) cumulative position this week ahead of next week’s auction, while emitters cut their position on futures contracts further out on the curve, according to federal data released Friday.

Canadian fossil fuel companies TC Energy and Irving Oil announced a partnership on Thursday to explore the joint development of proposed energy projects in New Brunswick and Atlantic Canada that could have the effect of lowering the companies’ GHG exposure under several CO2 pricing regimes.

An experienced US-based environmental trader is to join an energy trading and investment fund to focus on carbon markets, Carbon Pulse has learned.

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 New York and California.

China’s CO2 emissions grew 1% year-on-year in Q2, a sharp downturn from the explosive 15% YoY growth in Q1, according to analysis released Friday, but question marks linger for the sectors destined to be brought into the national emissions trading scheme.

EUAs clawed back most of their losses on Friday after an early sell-off, amid a general weakness in energy markets.

Australia’s Clean Energy Regulator has revoked five Queensland-based carbon offset projects operated by one of the biggest contractors with the government’s Emissions Reduction Fund (ERF).

Chinese Carbon Emissions Allowances (CEAs) inched up this week, but trading volume fell to near zero as the vast majority of market participants still have no access to their accounts.

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

California Carbon Allowance (CCA) prices increased ahead of next week’s quarterly auction with speculative demand fuelling those gains, while RGGI Allowances (RGA) hit fresh all-time highs this week on elevated buying interest.

The Architecture for REDD+ Transactions (ART) programme announced the approval on Wednesday of two new concepts for subnational deforestation reduction plans in Ghana and Vietnam, with the African country proposing to run its initiative alongside another jurisdictional-scale carbon credit endeavour.

Verra is looking for Program Officer to help manage Verra’s programs including especially the Verified Carbon Standard (VCS) Program, though also including the Jurisdictional and Nested REDD+ framework (JNR), the Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta).

German utility RWE may be forced to close its remaining lignite-burning power plants earlier than planned, saying on Thursday it is “conceivable” that the next German government will ratchet up its coal phaseout to meet tougher EU emissions goals.

EUAs were slightly weaker in Thursday morning trading as the daily auction cleared at the largest discount to spot prices for more than three weeks, while energy prices were largely stronger

Chinese investments in green bonds more than doubled in the first half of 2021 compared to the same period last year, a report said this week, with clean energy and transport the main beneficiaries.

Genesis, one of the biggest emitters covered by the New Zealand ETS, has signed a long-term agreement with Contact Energy on geothermal electricity delivery that will see its NZU demand drop.

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

California doled out more than 260,000 new compliance-grade offsets to a pair of mine methane capture (MMC) projects, as total issuances slowed from recent levels ahead of the November 2021 carbon market true-up deadline, according to state data published Wednesday.

The EU’s flagship Green Deal and ‘Fit for 55’ climate legislative package must take into consideration gender and racial perspectives, say NGOs increasingly pushing for a more socially-just and feminist lens of the bloc’s climate policy.