Carbon Pulse

A Canadian-based carbon credit investment vehicle is seeking a listing on the US Nasdaq stock market, it announced Wednesday.

The number of compliance offsets handed out by California regulator ARB through February is off to the slowest start in five years, while Quebec gave out its first WCI credits since June, according to government data published Wednesday.

California government agencies on Wednesday largely punted their response to sweeping watchdog proposals to strengthen the WCI-linked cap-and-trade programme until after the forthcoming Scoping Plan update, though they did disclose some potential steps the state could take following the end-year finalisation of the climate strategy document.

US biofuel credit (RIN) values raced higher this week amid rising feedstock prices, while traders also said further clarity regarding final Renewable Fuel Standard (RFS) quotas may also be providing support.

An intergovernmental organisation that works with host countries on low-carbon development aims to secure its first Paris-compliant deal for an internationally transferred mitigation outcome (ITMO) by the end of 2022 from one of its 12 emissions trade projects, a senior director told Carbon Pulse. 

Uniper and Endesa both announced a significant year-on-year increase in ETS-covered fossil fuel power generation for 2021, the firms said in financial results this week, with a strong rise in gas-fired output driving the growth as well as a surge in coal burn in the case of Uniper. 

North American offset project developer Bluesource and environmental commodities company Element Markets on Wednesday announced they will form a combined entity under the backing of a global impact investor, adding to the booming consolidation movement within the international carbon credit industry.

One of the most senior staffers at standards body Verra is joining South Pole, with the offset developer and consultancy looking to broaden its technology-focused portfolio into nature as part of an ongoing expansion.

European carbon prices rose to their highest in more than a week as EUAs moved in line with broadly firmer energy markets, with tensions continuing to mount in Ukraine after Russia announced it would send troops into the separatist regions of Donbas and Luhansk.

Project developers are preparing a number of large REDD projects in Papua New Guinea, each capable of generating millions of offsets every year, though market participants are wary amid a long list of risks that have been associated with PNG forest carbon activities for over a decade.

The price for Chinese carbon allowances is expected to almost triple by the end of the decade after an initial gradual increase to 2025, according to a price survey released this week.

The combination of New Zealand’s historical CO2 permit surplus and new forestry investment at current carbon price levels means NZU demand will likely be met for the next decade even if the price doesn’t climb any higher, analysts said Wednesday.

Global methane emissions from energy-related activities are around 70% higher than what has been officially reported by governments, underlining the need for enhanced monitoring efforts and stronger policy action to drive down emissions of the potent greenhouse gas, the International Energy Agency (IEA) warned on Wednesday.

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

The European Commission aims to oblige big companies to align their supply chains with 1.5C global warming limits, according to a draft bill set to be unveiled on Wednesday that could have an impact far beyond the bloc's borders and even spur corporate demand for carbon credits.

Investments in carbon-cutting projects worldwide risk being delayed amid a lack of guidance on how countries should adjust for carbon credits generated on their territories, experts told an online panel on Tuesday.

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The Air Quality Program (AQP) within the Department of Ecology is looking to fill a Climate Change: Clean Fuel Standard Program Analyst (Environmental Specialist 4)(In-Training) position. This position is located in our Headquarters Office in Lacey, WA.

*PREMIUM LISTING - Verra is looking for an Managing Director to oversee all of Verra’s internal operations and make sure all Verra teams are integrated and operating at peak performance.

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