Feed aggregator

Compliance entities saw their California Carbon Allowance (CCA) net length hit a 13-month-high prior to the publication of Q2 WCI auction results this week, while speculators added to their holdings for the first time in four weeks, according to US Commodity Futures Trading Commission (CFTC) data published Friday. 

As Carbon Trader, you will execute appropriate trading strategies within the voluntary carbon market and manage the capital allocation of your trading positions to generate a positive return. You will work in close partnership with the Chief Crypto Officer to develop our carbon desk.

Flowcarbon is looking to hire an expert in existing nature-based carbon credit methodologies who is passionate about ecological restoration. This role can be full time or contract. You will work closely with the carbon team to de-risk projects through weighing in on the strength of potential crediting calculation methods and the realistic costs associated with on the ground activities.

An offset investor has facilitated a $79 million offtake deal between a Vietnamese project developer and a US investment bank.

The Carbon Developer is a key member of the ESG team and will lead efforts in opportunity identification and business development through statistical analysis of carbon opportunities and creating partnerships at all levels of the carbon offset industry.

With empathy and goodwill Anthony Albanese’s Labor government can end the inane climate wars

• Get our free news app; get our morning email briefing

This observation is more whimsy than science, but indulge me for a moment. Australians don’t change the stripe of their federal government that often and when they do, they make an emotional investment in the new regime.

The emotional investment often translates as hope. But this time, the prevailing atmosphere feels more like relief. Relief is adjacent to hope, but it’s not quite the same thing.

Continue reading...

California legislators on Thursday turned down a bill that would have added public banking metrics for compliance instruments in the WCI-linked carbon market, while lawmakers plan to further amend an act that would put offset usage underneath the state’s allowance budget in the event of future linkages.

Labor won by offering modest environmental policies. It will have to go further in office to deal with the climate emergency

In his victory speech on election night last Saturday, Labor’s Anthony Albanese promised to turn Australia into a “renewable energy superpower” and end a decade of “climate wars”. This was good news. Under rightwing Coalition governments – an enduring alliance between the Liberal and National parties – Australia was seen as a climate pariah on the world stage. The new prime minister will have to do very little to raise his country’s standing.

From a global perspective, Mr Albanese’s most important policy is to cut greenhouse gas emissions by 43% by 2030 compared with 2005 levels. Mr Albanese’s goal is not as ambitious as the UK’s or the EU’s. But it is a marked improvement on the last government and will be well received in neighbouring Pacific nations tired of seeing existential threats from rising sea levels dismissed in Canberra. The Coalition government led by Scott Morrison promised that Australia would reach net zero by 2050, which at best would have seen a 28% cut in climate-altering emissions by the end of the decade. But significantly there were no new policies under that administration to meet this distant objective.

Continue reading...

Shell has taken a swipe at the UK government’s tax breaks for North Sea fossil fuel investment that accompanied Thursday’s news of a windfall levy on oil and gas profits by pointing out that the sweeteners do not extend to renewable energy.

G7 energy ministers pledged on Friday to ditch coal-fired production but failed to set the 2030 deadline that officials from hosts Germany had crafted in a draft text.

Many of the world’s largest oil and gas companies have committed to mid-century net zero emissions targets, but initiatives looking into the credibility of climate claims are abstaining their support over fears of backing greenwashing.

Division lines have been drawn in the battle to win market share in the voluntary carbon market (VCM) after AirCarbon Exchange (ACX) said Friday that it’s not going to follow the route followed by rival Xpansiv's CBL and introduce a rolling contract for its nature-based standardised spot contract.

EUAs traded broadly sideways throughout Friday morning at a less-than 0.5% change to the prior settlement as traders consolidated gains seen on Thursday on continued thin volume due to a period of public holiday across Europe.

Exclusive: Environmental groups criticise NFU for helping companies to fight Defra rules on nitrates in waterways

Environmental groups have criticised the National Farmers Union for helping hundreds of agricultural businesses to push back against measures designed by the Department for Environment, Food and Rural Affairs to protect vulnerable rivers in the UK.

Working with the specialist consultancy Hafren Water, the NFU has helped at least 200 land users in nearly 40 river basins and groundwater catchments to fight against “nitrate vulnerable zone” designations, according to documents made available to the union’s members.

Continue reading...

Officers block access to vehicle to keep pair of herring gulls undisturbed

You may think they have plenty of conventional spots – cliffs, islands, seaside rooftops, chimney pots – to nest on.

But a pair of herring gulls have opted to construct their nest on the roof of a Dorset police car, taking it out of action because they are a protected species and cannot be disturbed.

Continue reading...

Allowance prices in China’s carbon market inched up over the past week, but market sentiment is turning bearish as participants expect mounting economic worries to hold back market development.

Pink sea fan, at risk from bottom-trawling, predicted to spread northwards around coast up to Scotland as sea temperatures rise

It is one of Britain’s rarest and most threatened species, primarily due to bottom-trawling fishing, but researchers have found that the pink sea fan coral could expand its range in the climate crisis.

A slow-growing coral found in shallow waters from the western Mediterranean to north-west Ireland and south-west England and Wales, the pink sea fan (Eunicella verrucosa) is classified as vulnerable by the International Union for Conservation of Nature.

Continue reading...

Oil and gas players are continuing to make ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.

Legislation makes no mention of skins, feet, ears and tails so these can continue to be bought and sold

Elephant skins, feet, ears and tails will continue to be traded in the UK even after next month’s ivory ban comes into force, it has been revealed.

The government has been praised for its Ivory Act 2018, effective from next month, making the purchase and sale of elephant tusks punishable by fines of up to £250,000 or up to five years in prison.

Continue reading...

Rising greenhouse gases have caused Lake Palcacocha to swell in size which makes the area at risk for a devastating outburst flood

In a global first for climate breakdown litigation, judges from Germany have visited Peru to determine the level of damage caused by Europe’s largest emitter in a case that could set a precedent for legal claims over human-caused global heating.

Judges and court-appointed experts visited a glacial lake in Peru’s Cordillera Blanca mountain range this week to determine whether Germany’s largest electricity provider, RWE, is partially liable for the rise in greenhouse gases that could trigger a devastating flood.

Continue reading...