Carbon Pulse

Carbon leakage is a problem that is still worth worrying about for Australia, and a Carbon Border Adjustment Mechanism (CBAM) is a logical way to address it, an industry expert told a Sydney conference Tuesday.

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

Revisions to California's cap-and-trade allowance budgets over the 2025-30 period must take effect next year in order for the state to account for its free permit allocations to industry and utilities, an official for state regulator ARB said Monday.

An official from the Washington Department of Ecology (ECY) on Monday detailed the department's rationale for releasing millions of more allowances at its forthcoming reserve sale than at the previous auction, and also described the state’s forthcoming measures to prepare for possible linkage with the California-Quebec cap-and-trade market.

The world’s first carbon credits for domestic energy efficiency retrofit are being launched in the UK through a financing mechanism whereby part of the credit proceeds are reinvested into financing power purchase agreements to facilitate household installations of clean energy.

The Policy Advisor, British Columbia provides strategic leadership, technical expertise, and relationship building for Nature United’s engagement with the Government of British Columbia, municipal governments in the Province, and other partners to achieve our 2030 goals for conservation. They report to the Director of Strategic Partnerships and work closely with Nature United’s British Columbia Conservation, Natural Climate Solutions, Indigenous Stewardship Strategy and the Marketing & Communications programs.

Reporting to the Technical Team Deputy Director, the Forest Carbon Lead will be part of CC’s Technical team and will be responsible for overseeing the development of technical aspects of CC’s forest carbon project development and subsequent operation. This position will build and implement the scalable systems and essential protocols that support and deliver the required technical outcomes of a growing, full-service, carbon development company.

Three global business coalitions have released co-produced foundational guidance to lead companies to a “nature-positive” future, as corporate focus on risks and dependencies ramps up.

Zambia has signed an agreement with a Chinese forestry firm to commission the development of nature-based carbon credit projects that will cover more than 4 million hectares of some 5% of the African nation’s landmass.

A Canadian-headquartered carbon project developer wants to pay US$15.5 million for a 20% stake a carbon capture and utilisation (CCU) startup following signing of non-binding agreement.

California Low Carbon Fuel Standard (LCFS) credit values jumped on Monday morning after state regulator ARB published its plans to strengthen the environmental performance of the transportation sector climate programme, though some market participants are unsure about how bullish the proposed changes really are.

RGGI Allowance (RGA) values reached new year-to-date highs through a US holiday-shortened and auction week prefiguring the next Program Review Meeting scheduled later in the month.

A new blockchain-based platform from a Chicago-headquartered financial firm has completed processing its first fully automated transaction of carbon credits, according to a press release on Monday.

Carbon credit standards body Verra is eliminating the use of 10 VCS methodologies, including a deforestation and low-flow water project type, due to lack of use in the past five years, and is instituting a review of all their methodologies every five years.

The EU is set to take its final step in approving a revised more ambitious renewable energy legislation as the bill faces a full EU Parliament vote on Tuesday, with most parties likely to vote in favour.

The European metals industry started a process to establish its own transition pathway in collaboration with the European Commission, two sector associations announced on Monday.

REDD avoided deforestation credits slipped lower last week to underline the lack of demand and reflecting an increasingly bleak voluntary carbon market as it waits the arrival of the ICVCM’s first batch of Core Carbon Principle labelled credits.

Allianz Global Investors has reduced its exposure to UK water companies due to risks associated with them dumping sewage in waterways, an executive at the firm said as the company ramps up its nature-related engagement.

The International Maritime Organization’s strategy for the transition to renewable energy is a major step forward in ambition that has overtaken many of the national, regional, and industrial steps already in place, according to research released Monday.

Britain and South Korea have respectively pledged $2 billion and $300 mln to the latest replenishment of the Green Climate Fund (GCF), a mechanism established to channel climate finance from rich nations to the countries in the Global South to aid them with climate action.