Carbon Pulse

A Canadian mineral exploration company has agreed to develop an Ontario-based forestry project with a North American offset developer and a First Nations group, with most of the credit revenue earmarked for the indigenous community.

The Transportation and Climate Initiative (TCI) is working through disagreements on its final Memorandum of Understand (MOU) that could extend the current timeline for publication, but others believe the framework to regulate fuel sector emissions across two US regions is nearing completion.

California regulator ARB minted 11.2 million new credits this week in its highest single issuance since fall 2018, as Quebec's environment ministry handed out its first compliance offsets in 10 months, according to data posted Wednesday afternoon.

Carbon prices must exceed €200/tCO2e if the EU is to meet its net zero 2050 emission goal, oil major Shell said Wednesday.

Airlines could avoid buying CORSIA units through the mid-2020s if nations alter the emissions baseline for the international aviation offset system, but the EU made no mention of changing that provision in its proposal to implement the ICAO programme’s pilot phase on Wednesday.

A carbon market investment fund in April handed back most of the gains made the previous month after a bet on volatility went sour.

German Chancellor Angela Merkel will seek to review the EU's non-ETS Effort-Sharing Regulation (ESR) should the 27-nation bloc agree to increase its 2030 emission target, she said Wednesday following pressure from her own political party.

EUAs extended a five-week low early on Wednesday but then ticked higher despite struggling to absorb the UK's bumper auction and several bearish technical and fundamental signals.

African climate negotiators want next year's COP27 UN summit to go ahead in Africa as planned, despite this year's postponement of the UK-hosted talks to 2021.

South Korea’s monthly CO2 auction failed to sell out on Wednesday as secondary market allowances suffered a second consecutive day of heavy losses, closing nearly 10% below the previous session.

A crediting mechanism for big Australian emitters beating their CO2 targets would put a downward pressure on offset prices without adding fresh demand and could force the need of a new type of carbon credits to distinguish higher-value land-based units, analysts said Wednesday.

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

California Carbon Allowances (CCAs) transacted at the WCI floor price on the secondary market for the first time since mid-March on Tuesday, with traders attributing the higher values to increased demand ahead of the Q2 auction.

Reducing emissions from Europe's non-ETS covered sectors, either by expanding the scope of the EU ETS or through a carbon tax, will be challenging but critical for Poland’s energy transformation in particular, experts said on Tuesday.

In this latest episode of our Carbon Pulse Conversations podcast, we chat with Owen Hewlett, chief technical officer at The Gold Standard, which is one of the main certifiers of voluntary carbon market projects and an approved standard under the international CORSIA aviation offset scheme.

California Low Carbon Fuel Standard (LCFS) credit prices rose past the $200 mark on Tuesday for the first time since March, despite some participants cautioning the increase was not supported by market fundamentals.

EUAs bounced around the €19 level once again on Tuesday, maintaining their recent support in a market lacking technical direction.

California’s ETS floor price is on pace to rise less than 5% in 2021 as year-on-year inflation dipped in April amid the growing coronavirus pandemic sweeping across the US, according to federal data released on Tuesday.

European oil majors should provide greater clarity on the contribution that carbon offsets and CCS will make towards their voluntary climate goals amid doubts about global supply potential, according to a report commissioned by investors and published on Tuesday.

Utility CEZ reported a ticking over in its hedging during Q1 to ensure its hedging position all-but caught up with the previous year even as its coal-fired output fell away.