Carbon Pulse

None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.

California Carbon Allowance (CCA) prices retraced over the week as demand declined from financial firms, but RGGI allowances (RGAs) inched closer to the $9 level due to an influx in buying from compliance entities.

A New York-based hedge fund opened a RGGI CO2 Allowance Tracking System (COATS) account on Thursday, marking the second new financial firm to register in the Northeast US cap-and-trade scheme since June.

The Carbon Analyst provides technical support to field teams around the world to assist in the design and, to a more limited extent implementation of, carbon projects that use nature as a climate solution. You will be a key member of the Global Carbon Markets team that is distributed around the world and thus ‘virtual’ in nature.

We have a number of fixed term, secondment and permanent opportunities. In these roles, you'll have the opportunity to contribute to the longer-term success of the Commission. The Senior Analysts lead technical and policy analysis related to aspects of the Commission's work, in collaboration with others. This involves navigating complex issues, developing new frameworks and approaches, managing relationships and engaging with stakeholders as the Commission's advice is developed.

Delta Air Lines is wary of purchasing biofuel credits (RINs) under the US Renewable Fuel Standard (RFS) due to transparency concerns, CEO Ed Bastian said Wednesday, giving credence to recent reports that the company's refinery subsidiary has halted purchases amid soaring price levels.

Proposals to tighten the EU ETS and rebase its cap within a rapid timeframe are an initial cause for concern among market experts still digesting the full impact of Brussels’ wide-ranging climate measures, a conference heard on Thursday.

Issuance of free EUAs for 2021 to Polish installations will likely take place in Q4 of this year, after the European Commission has approved the country’s proposed allocation plan, while Germany's permit distribution also probably won't completed until the autumn at the earliest.

EUAs were relatively quiet early Thursday, trading in a fairly narrow range as the market continued to digest the European Commission’s 'Fit for 55' package announced yesterday.

The EU should introduce price controls for its carbon market amid recent spikes, Spain’s deputy PM and environment minister said on Wednesday as the 27-nation bloc presented its ‘Fit for 55’ legislative package to further tighten its ETS and other climate policies.

Australian Trade Minister Dan Tehan on Thursday accused the EU of “imposing its views and its ways” on other nations through its carbon border adjustment mechanism (CBAM) proposal, while new offset issuance levels this week declined to long-term average levels after last week’s bump.

The Shanghai Environment and Energy Exchange confirmed Thursday afternoon that China's much-anticipated national emissions trading scheme, set to become the world’s biggest carbon market, will launch Friday after a three-week delay.

China’s thermal power generation in June was up by 10.1% from a year ago, while power generation was up by 7.4%, official data showed Thursday, as the nation’s carbon-intensive COVID-19 recovery continued.

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

California regulator ARB distributed the largest volume of compliance offsets since December this week as a new forestry initiative took home the vast majority of the new credits, according to agency data published Wednesday.

Palladium is hiring an Associate, Project Development into its Nature Based Solutions (NBS) platform. The Associate, Project Development will work closely with the NBS leadership on the design of commercially attractive NBS projects / ventures and the establishment of external partnerships essential to the success of the global platform.

The former director of emissions and clean energy analytics at S&P Global Platts has taken a director position at Washington DC-headquartered Rapidan Energy Group.

US Senate Democrats on Wednesday announced they will include a clean electricity standard in an upcoming budget resolution, though it is uncertain if the proposal can pass muster in the reconciliation process or gain the support of conservative members of the caucus.

The EU will force importers of electricity and a number of foreign industrial sectors to pay for emissions covered under a carbon border adjustment mechanism (CBAM) from 2026, according to a proposal released by the European Commission on Wednesday, which came as a UN agency urged caution over the divisive policy.

The largest US wildfire so far in 2021 is in the proximity of a California Carbon Offset (CCO) forestry project, with tech giant Microsoft having procured credits from the Oregon undertaking.