Carbon Pulse

Compliance entities and speculators shortened their net length of California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings, while Washington Carbon Allowance (WCA) net holdings for both groups remain short, US Commodity Futures Trading Commission (CFTC) data showed Monday.

RGGI allowances (RGAs) tied a record settlement price for the benchmark contract this week before sinking significantly as traders rolled their position to next year, with the vast majority of trades being spreads over the past five days.

A US-based carbon crediting startup for farmers and a sustainability certification provider launched a partnership to trace the progress of regenerative agriculture practices in sequestering carbon.

Reforming and scaling climate finance, including moving forward on operationalising a new loss and damage funding mechanism, establishing global renewables targets, and the future of fossil fuels, are likely to be the core topics of discussion at COP28 in Dubai, according to climate experts and other observers, which will also bear witness to the first ever global stocktake (GST) of the Paris Agreement.

The number of CO2 transport and storage projects supported financially and benefiting from streamlined permitting by the EU will double in 2023 compared to last year, the bloc's energy chief told an event in Denmark on Monday, signaling the EU's growing commitment to developing a CCUS sector.

Trade picked up in the voluntary carbon market last week as corporates looked to square end-of-year emission books, and some sellers ditched REDD credits at rock bottom prices.

Xpansiv has launched a consultation to support the trading of instruments aligned with the Integrity Council for the Voluntary Carbon Markets’ (ICVCM) Core Carbon Principles (CCP), due to be assigned to the first carbon credits in the opening quarter of 2024, the market platform said Monday.

Carbon credit certifier Verra on Monday announced its new REDD methodology for protecting forests, which moves away from site-specific projects to jurisdictions and brings in third-party data to set the baselines used to calculate the emissions reductions of individual projects.

European carbon prices sagged back towards a key support level on Monday morning as weather models appeared to suggest milder temperatures in the coming days, prompting weakness in natural gas prices, which fed through to EUAs.

Australia should set up a $5-billion ($3.3 bln) fund dedicated to buying up land of high biodiversity value to ensure it meets its commitments under the Global Biodiversity Framework (GBF), a green group-led initiative said Monday.

France will inject €1 billion into funding biodiversity protection and restoration next year as part of a 40-part national biodiversity strategy unveiled Monday.

The Tokyo Stock Exchange on Monday introduced a three-month trial market maker scheme for its carbon trading platform as it is working with the government to boost liquidity in the J-Credit market.

Inconsistent standards and unclear land tenure structures may add complexity to China's forest carbon market, affecting the quality of carbon projects and credits, according to a report released Monday by environmental group Greenpeace.

The Australian government has launched a consultation on the model used to generate some Australian Carbon Credit Units (ACCUs), as the Clean Energy Regulator issued around 720,000 units in its latest update.

Long term structural issues in New Zealand’s emissions trading scheme will see current market drivers becoming less able to control the scheme in the future, according to analysis.

Australian human-induced regeneration (HIR) carbon credit projects are once again being scrutinised, with a published scientific article arguing they are “not supported by scientific evidence”.

The 30 most polluting companies in the EU are causing half of the emissions registered under the bloc's ETS, a new report revealed on Monday that compiles carbon market installations by company ownership.

A global pledge made two years ago to reduce methane emissions is not delivering due to lack of funding and shortcomings in its governance framework, and could miss its objectives without action, according to analysis published on Monday.

Only a quarter of the financial institutions who are members of the Glasgow Financial Alliance for Net Zero (GFANZ) or Race to Zero have at least one deforestation policy for a high-risk commodity, according to a report released Monday.

Australia is on track to cut emissions by 42% below 2005 levels by 2030, just shy of its official NDC, however a report has argued that these reductions are dwarfed by the emissions from new fossil fuel projects approved by the Albanese government.