Carbon Pulse

Reporting directly to the Carbon Projects Director, the Portfolio Consultant will be in charge of expanding the network of project developers partnerships, executing due diligence on identified projects and participating in carbon credits purchases and the implementation of long-term investments.

Opposition against a proposed second EU carbon market for buildings and transport has spread to the biggest political group in the bloc's parliament, with centre-right members rebelling against their senior spokesperson and joining progressive MEPs in seeking to limit the measure or kill if off entirely.

Offset projects under contract to deliver carbon credits to the Australian government will be allowed to exit those obligations and sell their units on the voluntary market at three times the price.

The director of business development at ClimateCare/Natural Capital Partners has left to join a Toronto-headquartered carbon credit investment vehicle, while another Canadian-based offset investor will see its shares start to trade publicly on Thursday.

Finnish energy firm Fortum will halt all new investments in Russia and cut its ownership of thermal assets there, it said in results Thursday, vowing to maintain operations in Russia for the time being. 

The EU should delay planned closures of nuclear power plants, incentivise greater use of wood-burning generators, and encourage citizens to turn down their heating, the IEA said on Thursday in a 10-point proposal to cut the bloc’s dependence on Russian gas.

EUAs endured another volatile trading session on Thursday morning, with prices moving sharply amid bursts of activity as energy markets gave up early gains amid reports that Russia was open to renewed ceasefire talks with Ukraine.

The Swiss-based group that has bridged the vast majority of carbon credits onto blockchain so far is planning to shut the door on older vintage offsets in a bid to increase the quality of the units available on-chain.

The Beijing municipal government aims to kick off China’s national carbon offset trading platform before the end of the year, but doubts linger as to whether federal regulators will be able to finalise the market framework by then.

Global forestry investment manager New Forests has announced the first close of a new $120 million fund, the Tropical Asia Forest Fund 2 (TAFF2), with a host of sovereign, development finance, private, and philanthropic investors with the aim to capitalise on long-term investments in sustainable plantation forestry in Southeast Asia, the company announced on Thursday.

New Zealand on Thursday proposed to exclude exotic forests such as radiata pine from generating credits in its emissions trading scheme, a move that would close the door on the vast majority of new plantings driven by the nation’s high carbon price.

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

A San Francisco-based climate tech company on Wednesday announced a $50 mln fundraise that will grow its forestry-based voluntary emissions reduction (VER) marketplace, though the firm has drawn criticism from researchers over its alternative approach for measuring temporary CO2 storage.

Papua New Guinea will impose a moratorium on all new REDD+ projects for the voluntary carbon market, its climate change minister said Wednesday, potentially scuppering investor plans to launch projects that may have created millions of credits each year for decades.

A biomass-fired power facility in New York did not surrender any allowances for the RGGI programme’s 2021 interim compliance deadline, marking the fifth straight year in which it has failed to comply, according to CO2 Allowance Tracking System (COATS) data published Wednesday.

ESG commodity marketplace operator Xpansiv has agreed to acquire US-based carbon offset registry administrator APX, the companies announced Wednesday.

Businesses involved in the UK Emissions Trading Scheme have criticised the British government over a lack of visibility regarding potentially significant climate policy changes, which they say is hindering post-Brexit investment.

*PREMIUM LISTING - This additional and newly created role is a great opportunity for an established Climate Change and Energy Advisor looking for their next career move to develop their experience and skills further in our leading UK Trade Association.

All generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) power sector carbon market complied by the Mar. 1 deadline for 2021 emissions, according to a state agency.

Finnish biofuel company Neste Corporation on Tuesday announced a joint venture to produce renewable diesel (RD) at Marathon Petroleum Company’s forthcoming facility, which traders said could weigh even more on California Low Carbon Fuel Standard (LCFS) credit prices that are already sitting at four-year lows.