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ANALYSIS: China’s uphill battle to rid its carbon market of bad data
China has vowed to put an end to fake and misleading data in its domestic carbon market, but market participants say officials face a difficult task as bad actors simply have no incentive to stop. Read MoreTop
Offset surrender rises slightly under Australia’s Safeguard Mechanism
The number of carbon credits surrendered under Australia’s Safeguard Mechanism rose moderately in FY2020-21, regulator data showed Thursday, though the vast majority of the nation’s biggest emitters remain untroubled by the programme. Read MoreTop
Major NZ emitter sees large cut in free carbon allowances
One of the biggest industrial facilities in New Zealand’s emissions trading scheme will have most of its free NZUs cut, starting from 2021, the government announced Thursday. Read MoreTop
Nasdaq launches price indexes at recently acquired carbon removal platform
Nasdaq has launched three commodity price reference indexes in the world’s first move to track the price of removing CO2 from the atmosphere, the US-headquartered exchange operator announced on Thursday. Read MoreTop
Brokers Evolution Markets name new CEO in executive team shake-up
Evolution Markets has appointed a new CEO, it said Thursday, as the environmental and energy brokers announced a series of changes to its executive team. Read MoreTop
Analysts see depressed ACCU prices, low project investments for several years after govt intervention
Australian offset prices are unlikely to rise much above the mid-A$30s in coming years, while plentiful supply from existing projects will torpedo new investments after the government’s recent market intervention, analysts said Thursday. Read MoreTop
EU debate on second ETS takes new turn as key MEP contemplates price corridor
Imposing a carbon price corridor for the EU's proposed second ETS for transport and buildings is an idea gaining momentum among lawmakers, a move that could help defuse fears about a new trading scheme putting an excessive burden on poorer households. Read MoreTop
California mints largest compliance offset total in 15 months
California regulator ARB this week doled out the heaviest volume of offsets for the cap-and-trade programme since 2020, as two new forestry projects made a splash, according to state data published Wednesday. Read MoreTop
California transportation fuel consumption jumps 10% in 2021
California transportation fuel sales ramped up considerably in 2021 as the state recovered from the onset of the COVID-19 pandemic, though the higher WCI-capped emissions that stemmed from this rebound were likely still below pre-coronavirus levels, according to state data released Tuesday. Read MoreTop
ICE plans May launch for its first foray into voluntary carbon market
The Intercontinental Exchange (ICE) is planning a May launch for its first nature-based carbon credit futures contract, giving buyers access to the fast-growing voluntary carbon market. Read MoreTop
Saudi Arabia announces string of MoUs for MENA voluntary carbon market
Saudi Arabia's public investment fund (PIF) has signed five memorandums of understanding (MoU) with large businesses in the country as it seeks to establish a voluntary carbon market (VCM) in the Middle East and North Africa (MENA) region by 2023, it announced this week. Read MoreTop
Heavy industry needs clear CO2 pricing signal to decarbonise, avoid stranded assets
Heavy industries may need the timely introduction of a global CO2 price to ensure they decarbonise in line with international climate targets and avoid stranded assets, a virtual conference heard on Wednesday along with how EU carbon policies in development may serve as a good example. Read MoreTop
UK budget update sends mixed signals on efforts to cut emissions
Headline budgetary measures published in the UK’s spring statement on Wednesday exert only light-touch pressures on greenhouse gas emissions, with a targeted VAT tax reduction pulling in the opposite direction as a 12-month fuel tax cut. Read MoreTop
Natural Capital Partners, ClimateCare announce rebranding, set 2030 goal
Voluntary carbon offset providers Natural Capital Partners and ClimateCare on Wednesday announced a rebranding as Climate Impact Partners, cementing their merger and setting a 2030 emissions goal. Read MoreTop
