Carbon Pulse

Governments and their related organisations are not doing enough to protect marine life at the southern end of the planet and must resolve long-standing issues around three crucial areas in the region, scientists and environmentalists said as governments on Monday gathered in Hobart, Australia for two weeks of negotiations on Antarctic marine living resources.

Expensive afforestation projects in grasslands and other previously open ecosystems using flammable, non-native trees in order to capture carbon should be off the table given the fire risk, according to researchers.

The incumbent Law and Justice (PiS) party has won the largest share of votes in Poland's general election, according to exit polls late on Sunday, but the liberal opposition may have enough votes to form a coalition government.

The incumbent Law and Justice (PiS) party has won the largest share of votes in Poland's general election, according to exit polls late on Sunday, but the liberal opposition may have enough votes to form a coalition government.

A Japanese satellite solution provider has teamed up with a university in Vietnam to expand its credit-generating business, as it aims to tap into voluntary markets overseas.

This position facilitates the implementation of carbon farming projects on lands and waters managed by the department, including oversight of feasibility studies, method determination and for ensuring regulatory and legislative compliance.

Carbon Neutral is looking for a specialist to help develop carbon projects in Australia and internationally.

New Zealand’s National party received just under 39% of the preliminary results at Saturday’s election meaning it will be able to form the next government, however it will be some time before there is clarity on key ETS and climate policies.

Analysts have downgraded their outlook for EU carbon prices for the remainder of Phase 4 (2021-30) due a number of shorter-term bearish factors including stagnant industrial productivity, sliding demand from the power sector, and an increase in EUA auction supply.

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

Compliance players took on significant V23 California Carbon Allowance (CCA) and RGGI Allowance (RGA) length and parted with V24 units this week, while speculators did the opposite as traders rolled positions further out on the curve en masse, US Commodity Futures Trading Commission (CFTC) data showed Friday.

The EU's 27 environment ministers will meet in Luxembourg next Monday to agree a negotiating position for the upcoming COP28 UN climate summit, taking place in Dubai from Nov. 30.

Analysts painted a bullish long-term picture for the voluntary carbon market (VCM) on Friday, stating that they expect to see a premium for the ICVCM’s Core Carbon Principle (CCP) labelled credits that are due to appear from next year.

US President Joe Biden on Friday announced his administration would fund seven regional clean hydrogen hubs using $7 billion from the Bipartisan Infrastructure Law to create a national market.

Party coordinators in the European Parliament have preliminarily agreed on a united stance on what to count as a carbon removal as part of the bloc's framework for certifying carbon removals, according to sources close to the matter.

The voluntary carbon market (VCM) is too small-scale and volatile to meet the needs of institutional investors for now, with some asset owners looking to bypass it altogether and invest directly into tree planting projects, according to a multinational asset management company. 

Two guidance documents for financial institutions on setting nature-related targets will launch this year, led by the UN Environment Programme Finance Initiative (UNEP FI) and the Finance for Biodiversity foundation (FfB).

'Greenwashing' through biodiversity credits must be avoided via the development of robust methodologies, the director general for the environment at the European Commission has said.

Carbon credit standards body Verra announced Thursday that it is introducing a "corporate emissions inventory accounting" option as an interim measure to increase transparency and reduce the risk of double counting.

EUAs extended their gains for the fourth time this week on Friday, finding support from rising energy prices and reaching a three-week high in active trading, even as market participants continued to debate whether the market's current price direction reflected current or future fundamentals, or was subject to pressure from technical signals and natural gas.