Carbon Pulse

The city of Yueqing in China’s Zhejiang province has announced the launch of a small-scale local carbon market for small enterprises and households that provincial governments in the Yangtze River Delta region want  to develop into a network of interconnected so-called “inclusive” markets across the region.

New Zealand carbon allowances rose another NZ$1.50 in Thursday trade as buyers continued to pick up all available supply.

The Netherlands has handed out 38.3 million EUAs to its industries, the government said on Thursday, confirming distribution of 2021 units following a delayed allocation process.

New Zealand’s environment ministry on Thursday proposed a number of adjustments to the emissions trading scheme designed to ensure industrials don’t receive too many carbon allowances, a move that might see some manufacturers lose its right to receive free permits.

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California-based offset registry Climate Action Reserve (CAR) kicked off the process of developing a voluntary offset protocol for biochar on Wednesday, as interest grows in sourcing carbon credits from removal-based strategies.

EUAs fell another 2.6% on Wednesday to compound the previous session's big sell-off, with some traders said to opt for unwinding their positions rather than deal with further volatility.

California Carbon Allowance (CCA) prices soared to new records over the first half of the holiday-shortened week as speculative interest remained robust and few sellers appeared, with several traders attributing some purchases to power sector emitters.

US biofuel credit (RIN) values fell to a more than two-week low on Wednesday on declining corn prices, while federal lawmakers introduced bipartisan legislation to negate a recent Supreme Court decision on Renewable Fuel Standard (RFS) waivers.

Commodity price reporting agency S&P Global Platts on Tuesday proposed to launch six carbon credit indices from next month with Viridios AI that would reflect a wide variety of voluntary emissions reduction (VER) project types and co-benefits.

Trading in China’s carbon market will begin in July, Premier Li Keqiang said Wednesday evening, after the failure to meet the widely touted June deadline had sparked concerns a longer delay might be in store.

Four banks based on separate continents have launched a carbon offset platform, joining several marketplaces aiming to boost transparency in the OTC-based voluntary emissions reduction (VER) market.

The investment management arm of insurance giant AXA has purchased voluntary carbon offset platform ClimateSeed from BNP Paribas.

Brussels may propose waiting until 2026 to gradually phase out free allocation of EU carbon allowances for industry and to fully put an end to the handouts by 2035 at the earliest, according to two draft documents on the planned carbon border adjustment mechanism (CBAM) seen by Carbon Pulse.

New Zealand carbon allowances added another 1.7% to their value on Wednesday as they rose to NZ$46, just a day after they broke through the NZ$45 level for the first time.

Switzerland will raise its domestic carbon tax by 25% next year after its fossil fuel emissions output in 2020 missed the country’s annual reduction targets.

The European Commission has begun to add EU ETS allocation data for the 2021-25 period to the EU Transaction Log, the database that holds details of all EUA allocations and transactions.

Offset issuances and deliveries to the ERF both spiked in the Clean Energy Regulator’s latest data update, while BlueScope Steel has given up on generating any carbon credits from the energy efficiency project at its Port Kembla steelworks.

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A high-profile direct air capture (DAC) technology developer and a carbon offsets ratings and solutions provider have teamed up to offer removal credits to retail voluntary buyers.