Carbon Pulse

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

*PREMIUM LISTING - Our 1,200-strong team is expanding rapidly into new geographies and new lines of business, and we seek an experienced and entrepreneurial climate markets executive to serve as Director of Sales, KOKO Climate.

Trading activity in emissions trading schemes outside the EU ETS supports the idea that new European banking regulations that result in "inappropriately high" capital requirements could impair the markets' functioning and hamper low-carbon investment.

Verified emissions from operators covered by the EU ETS rose by 7.3% last year, according to official figures published by the European Commission late Monday.

Global emissions are set to peak next year before falling through 2050 as the world remains far off track from limiting warming to 1.5C even if countries deliver on current climate pledges, analysts at a leading consultancy said ahead of a landmark report due on Tuesday.

The UK government formed a taskforce on Monday to come up with rules for its listed companies and financial institutions to outline from next year how they will align with Britain’s 2050 net zero ambition.

Voluntary emissions reduction (VER) values largely faded or held steady this week as traders pointed to a lack of activity in the voluntary carbon market (VCM) and uncertainty about where the next round of buyers will come from.

The US EPA will publish several years' worth of Renewable Fuel Standard (RFS) biofuel volumes by early June as part of a consent decree approved Friday.

Emmanuel Macron’s re-election as President of France on Sunday is likely to keep the nation on track to ramp up domestic and EU-wide climate action, removing the threat of climate-sceptic leadership under defeated rival Marine Le Pen. 

A major Indonesia-based offset project expects to continue delivering carbon credits to clients as usual despite the government recently confirming hold-ups for some schemes, even though some experts believe the regulatory uncertainty over VCM projects in the country goes beyond what has been confirmed by officials so far.

EUA prices tumbled on Monday morning as the macroeconomic outlook darkened amid widening Covid-related lockdowns in China, while energy markets edged higher as the US threw more weight behind Ukraine, saying it wanted to see Russia military capacity "ground down".

China’s nine regional carbon exchanges will band together to launch a unified offsets scheme, aiming to connect the many local offsetting schemes that have emerged across the country over the past year in the absence of a national market.

Mitsubishi Corp. has become the first Asian investor in Breakthrough Energy Catalyst, a Bill Gates-founded programme funding innovative climate technologies such as direct air capture and sustainable aviation fuel, with Inpex and JGC among other Japanese firms announcing international low-carbon initiatives on Monday.

This role is a key leadership role within Upstream Growth, and the individual will drive the identification and development of CCS assets and build capability for Origin to be an industry leader.

The EU’s clean energy transition is likely to cause a short-term increase in emissions from the metals sector as soaring demand is met by imports from coal-intensive producers, according to an industry-commissioned report published on Monday.

The scope of this work is across South Asia, South East Asia, and beyond, with a focus on key regions that are strategic to FCF India's work.

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

The Technical Manager is an important technical role within the American Carbon Registry (ACR), providing support to the Director of Forestry, and other members of ACR staff on all aspects  of registry management, including, but not limited to reviewing project listing applications, data reporting and verification documents; formulating responses to technical questions raised by project developers and verification bodies; supporting business development and outreach activities; and helping to coordinate the development and/or approval of new quantification methodologies.

WCI emitters added to their California Carbon Allowance (CCA) holdings for the third straight week, as compliance players in the RGGI programme also boosted their net length, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Governments are not short of ideas for a revised strategy to reduce GHGs from international shipping, but a proposal for a carbon pricing mechanism by a powerful group of nations led by China appears to fall short on ambition, according to documents reviewed by Carbon Pulse.