Carbon Pulse

WCI regulated entities increased the number of allowance transfers into their compliance accounts over the second quarter, with nearly half these permits coming from the most recent May current vintage auction, data released Tuesday showed.

California Low Carbon Fuel Standard (LCFS) credit values last week stepped down to lows not seen since the spring, as multiple traders questioned the reason for the price movement.

EUAs plummeted along with gas prices on Tuesday, falling below technical supports to suffer the second largest absolute drop ever as oil slid and an improved French nuclear outlook and dire German economic data also weighed on carbon.

The Pennsylvania Department of Environmental Protection (DEP) will not delay consideration of finalising its RGGI-aligned carbon market rulemaking at a committee hearing next week, as a Republican legislator said the item should be postponed until the fall.

Brussels on Tuesday presented a new strategy to help finance the EU’s energy and climate transition, expanding its definitions of ‘green’ activities and setting out a voluntary green bond standard.

The European Commission may propose phasing out carbon allowance free allocation from 2025 through 2035, German newspaper Frankfurter Allgemeine Zeitung (FAZ) reported on Tuesday, citing a leaked draft document.

Emissions under the global aviation offset programme CORSIA are expected to bounce back more quickly in the coming years, while carbon credit costs will still remain far below previously forecast levels, according to a committee of UN body ICAO’s Council.

Malaysia is drawing up guidelines for voluntary carbon market activities to ensure they don’t interfere with efforts to meet its obligations under the Paris Agreement, its environment minister said Tuesday.

Governments should agree a coordinated global carbon price corridor rising to around $147/tonne by 2030 to meet a 1.5C global warming limit, investors managing more than $6 trillion in assets said Tuesday.

Western Australia has launched a programme offering upfront funding assistance to develop revegetation and soil carbon projects.

The International Policy Director will report directly to IETA’s President and CEO and work closely with the other IETA Directors. This role will contribute to the strategic success of IETA.

New Zealand carbon allowances rose to record high for the fourth consecutive session in Tuesday trade, rising above NZ$45 ($31.96) for the first time since the market launched 13 years ago.

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Prices for voluntary emissions reductions (VERs) edged up to new heights this week with both lower-end CORSIA-eligible credits and mid-range nature-based units making gains, while Xpansiv market CBL reported a fourfold year-on-year rise in its carbon trade for Q2.

Morocco wants to introduce a national levy on carbon emissions as part of a wider overhaul of the country's tax system.

The Senior Advisor and Team Leader leads the Country Office team in developing, designing and executing the Sustainability portfolio for UNDP India under the guidance of the Deputy Resident Representative. S/he also works in close collaboration with other policy and programme portfolios to ensure a collaborative and harmonized joint UNDP programme.

EU carbon prices climbed back to €58 on Monday, as more gas gains lifted EUAs while traded volumes appeared subdued amid a US holiday.

The European Commission intends to introduce minimum taxes for aviation and maritime fuels to align its energy taxation rules with its carbon market expansion, according to a draft seen by Carbon Pulse.

Agricultural Bank of China has approved a loan to an olive oil company taking future expected income from carbon credit sales as security, as lenders keep exploring ways for forest owners to secure hard-to-get loans after the government identified carbon sinks as a key means to meet China’s long-term climate goals.

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