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KraneShares Launches First US-Listed Global Carbon Offset ETF (Ind. Report)
KraneShares
Date: 2022-04-27
New York-based Krane Funds Advisors, LLC , an asset management firm known for its global exchange-traded funds and innovative investment strategies, is reporting today’s launch the KraneShares Global Carbon Offset Strategy (KSET) on the New York Stock Exchange.

KSET offers broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include nature-based global emission offsets (N-GEOs) and global emission offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET will dynamically add additional offset markets as they reach scale.

According to CME Group, “N-GEO futures follow the industry-leading Verified Carbon Standard (VCS) requirements for Agriculture, Forestry, and Other Land Use (AFOLU) projects. Additionally, N-GEOs require certification from the Verra Registry's stringent Climate Community and Biodiversity (CCB) Standard, which identifies projects that simultaneously address climate change, support local communities and smallholders, and conserve biodiversity. GEOs are offsets that meet Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) criteria from the VCS, Climate Action Reserve, or American Carbon Registry."

"KSET is a timely expansion of the KraneShares Climate Investment suite, which includes the $1.4bn KraneShares Global Carbon Strategy ETF (KRBN), to now cover both compliance and voluntary carbon markets," said Luke Oliver, KraneShares Head of Strategy. "KSET's addition to the suite gives investors holistic access to global decarbonization efforts and continues KraneShares' leadership in the space." (Source: Krane Funds Advisors, LLC, PR, 25 April, 2022) Contact: Krane Funds Advisors, Jonathan Krane, CEO, 212-933-0373, www.kraneshares.com

More Low-Carbon Energy News Carbon Offsets,  Carbon Emissions,  Carbon Market,  


CME Group Carbon Emissions Offset Contracts Surpass 100Mn Offsets Traded (Ind. Report)
CME Group
Date: 2022-04-27
In Chicago, CME Group, the world's leading derivatives marketplace, is reporting that combined volume across CME Group's voluntary carbon emissions offset contracts has surpassed 100,000 contracts traded, equivalent to 100 million carbon offset credits, or 100 million metric tons of CO2 equivalent.

According to the CME release, market users have quickly adopted voluntary carbon offsets since the initial launch of Global Emissions Offset (GEO) futures and Nature-Based Global Emissions Offset (N-GEO) futures last year. Key highlights of how these markets have grown include:

  • Combined open interest reached a record 20,763 contracts on March 29, 2022, representing over 20 million deliverable carbon offset credits, with open interest extending out to December 2024.

  • Record average daily volume in March 2022 of a combined 1,000 contracts.

  • Since launch, CME Group has had multiple clearing firms help facilitate ten successful deliveries, totaling over 8.8 million offsets, or 8.8 million metric tons of CO2 equivalent.

  • Over 75 firms or brokers have executed trades in these products and nearly half of total volume has come from Europe and the Middle East, followed by North America and Asia. (Source: CME Group, PR, 25 April, 2022) Contact: CME Group, Peter Keavey, Global Head of Energy and Environmental Products, www.cmegroup.com

    More Low-Carbon Energy News Carbon Emissions,  CarbonOffsets,  Carbon Market,  


  • China Carbon Markets -- Notable Quote
    China Carbon Market
    Date: 2022-04-20
    "There have been lots of debates in recent years about whether China's national carbon market will introduce options and futures soon. I think the time is not ripe. Carbon is very different from traditional commodities like soybeans. Carbon trading is a policy instrument that facilitates emissions reduction." -- Zhang Xiliang, Institute of Energy, Environment and Economy, Tsinghua University, 16 April, 2022 www.edirc.repec.org

    "China's national compliance carbon market has been operating for nine months, with supply and demand dynamics still largely policy-driven. Stakeholders have called for institutional investors to be brought in to act as market makers, with the introduction of financial derivatives as soon as possible," S&P Global notes.

    More Low-Carbon Energy News China Carbon Market,  


    Abu Dhabi Launching Carbon Credit Trading Exchange (Int'l.)
    Abu Dhabi Global Market, AirCarbon Exchange
    Date: 2022-04-04
    In the United Arab Emerites, the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, reports it is partnering with Singapore-headquartered AirCarbon Exchange (ACX) to create the "world's first fully regulated carbon trading exchange and carbon clearing house" in Abu Dhabi. ADGM will be the first jurisdiction globally to regulate carbon credits and offsets as emission instruments, and to issue licenses for exchanges to operate both spot and derivative markets.

    The regulatory framework will allow corporations to trade and finance carbon credits like conventional financial assets, thus increasing participation and investment in global carbon reduction and offset programmes.

    Expected to launch this year, ACX will be established as a recognized investment exchange (RIE) and regulated by ADGM. As a regulated RIE, ACX aims to offer its market participants and customers efficient trading and a regulated transparent price discovery mechanism. In addition, ACX aims to set up a regulated Recognised Clearing House (RCH) -- which will be known as ACX Clearing Corporation -- for the purposes of custodizing, clearing and settling commodities and commodity derivatives.

    In January, ACX partnered with the UN Framework Convention on Climate Change (UNFCCC) to promote carbon offsetting via UNFCCC Certified Emission Reductions (CERs) to allow clients representing 30 different countries to purchase and retire CERs for their carbon offsetting purposes. It will be the second exchange in the world, and the first in MENA, to list CERs held in the UNFCCC Clean Development Mechanism registry.

    ACX aligns with the UAE's goal to accelerate national economic development. Last year, the UAE became the first nation in the Middle East and North Africa to announce a plan to achieve net-zero emissions by 2050. (Source: ADGM, Website PR, 29 Mar., 2022) Contact: ADGM, +971 2 333 8888. Fax: +971 2 643 2394, info@adgm.com, www.adgm.com; AirCarbon Exchange, +65 8168 4248, info@aircarbon.co www.aircarbon.co

    More Low-Carbon Energy News AirCarbon Exchange,   Carbon Market,  Carbon Credit,  


    Carbonplace, CIX Partner on Carbon Credit Trading (Int'l.)
    Carbonplace,Climate Impact X
    Date: 2022-03-28
    Carbonplace, the carbon credit settlement platform and international carbon marketplace, and the Singapore-based exchangeClimate Impact X (CIX), report they are partnering on a pilot to lower entry barriers for organizations seeking high-quality, third-party verified carbon credits on the voluntary carbon market.

    The pilot, which aims to transform the voluntary carbon market by building in accessibility, trust, and transparency, will establish the technical, legal, and operational framework for executing carbon credit transactions via CIX's platform . The pilot will also enabl new customers -- including corporations and financial institutions of all sizes -- to advance their climate strategies and buy and sell carbon credits to fund large-scale emissions removals or reductions.

    CIX, a joint venture with DBS Bank, Singapore Exchange, Standard Chartered and Temasek, enables the purchase of carbon credits directly from specific projects.

    Carbonplace, which is being developed by banking giants BNP Paribas, CIBC, UBS and others. UBS, is expected to be fully operational by the year end. (Source: Carbonplace, Crowdfund Insider, 28 Mar., 2022) Contact: CIX, Mikkel Larsen, CEO, www.climateimpactx.com; Carbonplace, www.carbonplace.com

    More Low-Carbon Energy News Climate Impact X ,  Carbonplace,  Carbon Market,  Carbon Credit Trading,  Carbon Credits,  


    NCX Forest Carbon Marketplace Raises $50Mn (Ind. Report)
    NCX Forest Carbon Marketplace
    Date: 2022-03-11
    San Francisco-headquartered science-driven forest carbon marketplace NCX -- fka SilviaTerra -- reports it raised $50 million in a Series B round of financing led by energy and sustainability investor Energize Ventures and new partnerships with J.P. Morgan, Intercontinental Exchange (ICE), and others. The financing round is expected to support expansion outside of the United States.

    In its first year, NCX generated participation from 2,470 landowners with a collective 4.3 million acres across 39 states. The result was 1.13 million MTCO2e of expected climate impact from forests across an area larger than the state of Connecticut

    . NCX monetizes the benefits of forest stewardship through its natural capital marketplace. By using high integrity data and measurements to generate carbon credits, NCX enables corporations to meet net-zero goals with high quality offsets that support landowners of all sizes. NCX's first program cycle in 2021 was the largest forest carbon project by acreage in the contiguous U.S., according to NCX. (Source: NCX, PR. 2 Mar., 2022) Contact: NCX, Cheryl Sansonetti, Director of Marketing, press@ncx.com, www.ncx.com

    More Low-Carbon Energy News Carnon Market news,  Carbon Credit news,  CO2 news,  


    Carbon Neutral Royalty Acquires Mozambique Carbon Credit Stream (Int'l.)
    Carbon Neutral Royalty
    Date: 2022-03-11
    London-headquartered Carbon Neutral Royalty Ltd. is reporting an Investment Agreement Partnership with Mozban Limitada for the development of a 30,960 hectare REDD+ avoided deforestation & sustainable agriculture carbon offset project in Inhambane, Mozambique. Mozban holds the project area under a 49-year lease which can be further extended.

    Under the agreement, CNR will fund the development of the project for up to an estimated $335,000 with the right to extend the project for successive 10-year periods. A third party pre-feasibility study estimates an average of 25,000-35,000 Verified Carbon Units (VCU) per year over a 20-year period under the Verra VCS Standard with the potential for an average of 75,000 VCUs/annum. CNR will be entitled to receive 100 pct of the issued credits until a compounded annual return on investment of 10 pct is received. Thereafter, CNR will be entitled to receive 50 pct of all credits produced over the life of the project. CNR will be entitled to receive 15 pct of all issued credits on future projects developed by Mozban in Mozambique for no additional payment. The project is expected to start in 2024 .

    The REDD+ Framework developed by the UN convention on Climate Change will be used to define the project. The project is anticipated to be certified through the Verra Verified Carbon Standards. (Source: Carbon Neutral Royalty Ltd., PR, 7 Mar., 2022) Contact: Carbon Neutral Royalty, Brett Heath, Chair, www.carbonneutralltd.com

    More Low-Carbon Energy News Carbon Neutral Royalty news,  Carbon Credit news,  Carbon Market news,  


    NCX Forest Carbon Marketplace Raises $50Mn (Ind. Report)
    NCX Forest Carbon
    Date: 2022-03-04
    San Francisco-headquartered science-driven forest carbon marketplace NCX -- fka SilviaTerra -- reports it raised $50 million in a Series B round of financing led by energy and sustainability investor Energize Ventures and new partnerships with J.P. Morgan, Intercontinental Exchange (ICE), and others. The financing round is expected to support expansion outside of the United States.

    In its first year, NCX generated participation from 2,470 landowners with a collective 4.3 million acres across 39 states. The result was 1.13 million MTCO2e of expected climate impact from forests across an area larger than the state of Connecticut.

    NCX monetizes the benefits of forest stewardship through its natural capital marketplace. By using high integrity data and measurements to generate carbon credits, NCX enables corporations to meet net-zero goals with high quality offsets that support landowners of all sizes. NCX's first program cycle in 2021 was the largest forest carbon project by acreage in the contiguous U.S., according to NCX. (Source: NCX, PR. 2 Mar., 2022) Contact: NCX, Cheryl Sansonetti, Director of Marketing, press@ncx.com, www.ncx.com

    More Low-Carbon Energy News NCX Forest Carbon,  Carbon Market,  Carbon Credit,  


    Puro.earth Launches Carbon Removals Project Registry (Int'l.)
    Puro.earth
    Date: 2022-02-21
    Carbon removals marketplace Puro.earth has launched a "first of its kind" public registry of engineered carbon removal projects which it claims have clinched certification under its Puro Standard. The Puro Registry is designed to add transparency to carbon markets by providing a platform where third parties can verify whether corporate climate claims are backed up by the requisite investments in high-quality carbon removal projects, according to the firm. The registry will list carbon dioxide removal certificates (CORCs) purchased by corporates that have been verified by the Puro Standard, as well as information about yearly project issuance, according to the release.

    The Puro Standard covers engineered carbon removal technologies and solutions including: biochar, construction materials, soil amendments, and various types of carbon capture and storage (CCS) projects, including direct air capture (DAC).

    Puro.earth activities are aligned to carbon market rules finalised at the COP26 Climate Summit in Glasgow. In a bid to avoid so-called 'double counting' of emissions reductions from CORC projects, each CORC verified by Puro is given a unique identifier and is unable to change ownership once 'retired', the firm explained. A CORC is 'retired' when a beneficiary makes a net zero or carbon neutrality claim supported by the CORC's carbon sequestration properties. The registry will follow "leading practices in traceability" with plans to record the complete lifecycle of the carbon credit from issuance to retirement. (Source: Puro.earth, PR, Bus. Green, 17 Feb., 2022) Contact: Puro.earth, Marianne Tikkanen,, +358 40 5233880, contact@puro.earth, www.puro.earth

    More Low-Carbon Energy News Carbon Credit,  Carbon Markets,   Puro.earth,  Carbon Emissions,  


    Cambodia Seeking Carbon Credits Markets (Int'l. Report)
    Carbon Credits
    Date: 2022-02-11
    In Phnom Penh, the Cambodian Ministry of Environment reports it and its partner organisations are seeking new markets for carbon credits, the funds from which would support efforts to increase and strengthen the protection of forests and other natural resources in the Kingdom.

    The Ministry's search follows the sale of carbon credits from 2016 to 2020, which netted the Kingdom over $11 million. (Source: Cambodian Ministry of Environment, PR, Feb., 2022) Contact: Cambodian Ministry of Environment, www. moe.gov.kh

    More Low-Carbon Energy News Carbon Emissions news,  Carbon Credits news,  Carbon Markets news,  


    NCX Touts Forest Carbon Markets Program Growth (Ind. Report)
    NCX
    Date: 2022-01-28
    In the Golden State, San Francisco-based science-driven forest carbon marketplace NCX reports its latest forest harvest-- carbon credits program cycle included nearly 1,800 landowners with a total of 2 million acres across 39 U.S. states -- a 15-fold increase in landowner participation compared to the company's first cycle less than a year ago. It marks the first time that every forest landowner in the lower 48 states has had access to carbon markets.

    Forest harvest deferrals from the NCX winter 2022 cycle will double compared to its last cycle, at over 28 million ton-years for 250,000 MTCO2e of climate impact. Carbon credits are delivered to buyers after verification of intact forests at the end of the one-year cycle.

    "NCX connects corporations to the landowners, habitats, and communities they impact through our carbon marketplace. By drawing on our years of precision forest management, we enable net-zero pioneers to purchase carbon credits with immediate, verifiable impact and landowners to quantify the full value of their forests," according to the NCX release.

    Companies incentivizing the delay of timber harvest through the NCX marketplace include Rubicon, Mapbox, Agendi, Pledge, Lune, and Incyte, among others. (Source: NCX, PR January 26, 2022) Contact: NCX, Zack Parisa, CEO, www.ncx.com

    More Low-Carbon Energy News Carbon Credit. Rorest Carbon,  Carbon Market,  


    Bluesource Launches Regenerative Agriculture Program (Ind. Report)
    Bluesource, Locus Agricultural Solutions
    Date: 2022-01-19
    Salt Lake City-based environmental services and carbon offset aggregator Bluesource is announcing its Bluesource Regenerative Agriculture Program that provides the agricultural industry with opportunities to gain value from carbon reduction and sequestration practices.

    The Bluesource Regenerative Agriculture Program is now underway through two collaborating partnerships on an initial 320,000 acres of U.S. farmland. A $5 million investment by Green Star Royalties Ltd. finances Bluesource's ability to provide upfront payments to farmers enrolling in the CarbonNOW® carbon farming program developed by Locus Agricultural Solutions (Locus AG). Bluesource will be verifying sequestered soil carbon and marketing the associated carbon credits in the voluntary carbon market. It is estimated that this initial project will mitigate over 500,000 metric tons of CO2e per year. Bluesource is currently pre-marketing credits to interested buyers.

    It is estimated that 95 pct of cropland across the United States could be eligible to participate in carbon programs less than 5 pct of U.S. farmers participate in carbon farming programs, according to the release.

    Regenerative Agriculture is a conservation and rehabilitation approach to promote soil health in food and farming systems. (Source: Bluesource, Website, 2022) Contact: Bluesource, Jeanethe Falvey, Sr. Director of Marketing and Communications, 801.322.4750, jfalvey@bluesource.com, www.bluesource.com; Locus, Fermentation Solutions, Teresa DeJohn, Director of Marketing & PR, tdejohn@locusfs.com, www.locusfs.com; Star Royalties, Alex Pernin, P.Geo., CEO, apernin@starroyalties.com, www.starroyalties.com

    More Low-Carbon Energy News Bluesource ,  Locus,  Carbon Offset ,  


    OPIS Launches Carbon Neutral Fuels Index, Other Offsetting Strategy Tools (Ind. Report)
    OPIS
    Date: 2022-01-19
    Rockville, Maryland-headquartered carbon and fuels markets data benchmark provider OPIS, an IHS Markit company, reports it has expanded its Global Carbon Offsets Report with the introduction of its daily Carbon Neutral Fuels Index (OPIS CNFI).

    The Index offers a view into carbon-neutrality strategies across the energy industry by providing a comprehensive range of prices for the cost of offsetting fuels emissions through retiring carbon credits. The Index includes the emissions offsetting price for 18 standard liquids and gaseous fuels as well as the eight International Maritime Organization's (IMO) shipping fuels, utilizing OPIS-derived carbon dioxide equivalent (CO2e) emissions factors from regulatory agencies.

    Additionally, OPIS is launching a Core Carbon Credits (OPIS CCP) providing a single price for standard carbon credits trading in the voluntary carbon market. The OPIS CCP reflects CORSIA-eligible credits, REDD+ credits, as well as other agriculture, forestry, and land use (AFLOU) credits.

    OPIS has also launched a Climate Community and Biodiversity Standards (OPIS CCB) assessment which reflects the co-benefits price premium associated with Verified Carbon Units (VCUs) that are certified by Verra's CCB Program. The OPIS CCB assessment meets demand from environmental project developers to quantify the value associated with carbon credits that go beyond addressing climate change and carry Sustainable Development Goal (SDG) co-benefits. (Source: OPIS, PR, 18 Jan., 2022) Contact: OPIS, Fred Rozell, Pres., 301.284.2000, www.opisnet.com

    More Low-Carbon Energy News Carbon Offset,  Carbon Credits,  Carbon Emissions,  Low Carbon Fuels,  


    USDA Invests $9Mn in Ag. Climate Hub Partnerships (Funding)
    USDA
    Date: 2022-01-12
    In Washington, the U.S. Department of Agriculture is reporting a $9 million investment in new Cooperative Extension and USDA Climate Hubs partnerships to bolster climate research and connect and share climate-smart solutions directly with the agricultural community. This investment is part of the National Institute of Food and Agriculture's Agriculture and Food Research Initiative (AFRI) program that provides effective, translatable and scalable approaches to address climate change through regional partnerships, including the USDA Climate Hubs, and further extends outreach through organizations such as the Cooperative Extension Service.

    The initial six funded projects include:

  • University of California (Davis) will develop multifaceted pathways with the California Climate Hub to climate-smart agriculture through stakeholder needs assessments, climate-smart agriculture trainings for technical service providers, regional workshops for farmers and ranchers, and student education with Extension service-learning opportunities. Participatory program development and delivery through extensive network of stakeholders, collaborators and supporters are at the core of this integrated proposal. ($1,500,000)

  • Pennsylvania State University will create an education program to help private forests adapt and mitigate climate change, prepare minority owners to take advantage of carbon market opportunities, and prepare the forestry extension workforce to better serve their clients in forest carbon and climate issues, in collaboration with the Northern Forests and Southeast Climate Hubs. ($1,500,000)

  • Montana State University will collaborate with the Southwest and Northern Plains Climate Hub staff and regional education and extension stakeholders to develop improved educational materials, modes of communication, and issue expertise that will help in assisting farmers and ranchers to better assess the sources of past crop and livestock production losses due to weather and climate disruption, as well as explore future projections for these causes of loss. ($1,500,000)

  • Ohio State University is partnering with the Midwest Climate Hub and multiple universities to increase Midwest adoption of regionally scalable climate-smart activities. The project will improve shared understanding of needs of the Midwest's diverse stakeholders, develop shared roadmaps for livestock and cropping systems, elevate perspectives and voices of historically underserved communities including black and indigenous communities, and strengthen climate science infrastructure through a re-imagined Extension-Midwest Climate Hub partnership. ($1,500,000)

  • The Desert Research Institute Native Climate (Reno, Nevada) project team will strengthen the role of USDA Climate Hubs in Indian country by enhancing Native agroecosystem resilience through expansion of climate services and outreach in the Southwest and Northern Plains Climate Hub regions. Activities are designed to foster trust between Climate Hubs and Native farmers, ranchers, and resource managers through equitable and culturally appropriate information sharing, putting community at the center of solutions for climate change and food and nutrition security. ($1,500,000)

  • The USDA Caribbean Climate Hub is partnering with minority-serving universities, including the University of Puerto Rico and the University of the Virgin Islands Extension, and non-profits to help historically under-served communities adapt to a rapidly changing climate and extreme weather events. They will develop education and Extension programs aimed at increasing climate literacy as well as helping land managers employ climate-smart agriculture and forestry techniques. ($1,500,000)

    USDA Climate Hubs are a collaboration across the Department's agencies. They are led by the Agricultural Research Service and Forest Service located at 10 regional locations, with contributions from other USDA agencies including the Natural Resources Conservation Service, Farm Service Agency, Animal and Plant Health Inspection Service, and the Risk Management Agency. The Climate Hubs link USDA research and program agencies in their region with the delivery of timely and authoritative tools and information to agricultural producers and professionals. (Source: USDA, PR, Jan., 2022) Contact: USDA Climate Hubs, www.climatehubs.usda.gov

    More Low-Carbon Energy News USDA news,  Climate Hubs news,  Climate Change Mitigation news,  Climate Change news,  Carbon Emissions news,  


  • Beijing Claims China ETS World's Largest Carbon Market (Int'l.)
    China Carbon Market
    Date: 2022-01-07
    In Beijing, the China Ministry of Ecology and Environment is reporting the country's national emissions trading system (ETS), which was officially launched this past July, saw the equivalent of $1.2 billion in turnover in 2021 and has surpassed the EU Emissions Trading Scheme (EU ETS) as the world's largest emissions trading system -- carbon market.

    A total of 2,162 power companies included in the country's carbon market produced an estimated 4.5 billion tonnes of carbon dioxide emissions in 2021, according to the Ministry data.

    In creating a national ETS, China began piloting emissions trading at the regional level in 2011, covering seven provinces and cities including Beijing, Shanghai and Guangdong. As previously reported, China aims to bring its carbon emissions to a peak before 2030 and become carbon neutral before 2060.

    Besides the EU ETS and China, national or sub-national systems are already operating or under development in Canada, Japan, New Zealand, South Korea, Switzerland and the United States. (Source: China Ministry of Ecology and Environment, CGTN, 5 Jan, 2022) Contact: China Ministry of Ecology and Environment, www. english.mee.gov.cn

    More Low-Carbon Energy News China Carbon Market,  EU ETS,  Carbon missions,  Climate Change,  


    Bluesource Offering Ag Practices Carbon Credits Program (Ind. Report)
    Bluesource, Locus Agricultural Solutions
    Date: 2022-01-05
    Salt Lake City-headquartered environmental services and carbon finance markets specialist Bluesource is touting its new Regenerative Agriculture Program that gives the agricultural industry opportunities to gain value from carbon reduction and sequestration practices while addressing the challenge of climate change.

    The Bluesource Regenerative Agriculture Program is now underway through two collaborating partnerships on an initial 320,000 acres of U.S. farmland. A $5 million investment by Green Star Royalties, subsidiary of Star Royalties Ltd finances Bluesource's ability to provide upfront payments to farmers enrolling in the CarbonNOW® carbon farming program developed by Solon, Ohio-headquartered Locus Agricultural Solutions (Locus AG).

    Bluesource verifies the sequestered soil carbon and is marketing the associated carbon credits in the voluntary carbon market. It is estimated that this initial project will mitigate over 500,000 metric tpy of CO2e. (Source: Bluesource, Website PR, 17 Dec., 2021) Contact: Bluesource, 801 322 4750 , www.bluesource.com;Locus Agricultural Solutions, (888) 331-5008, info@locusag.com, www.locusag.com

    More Low-Carbon Energy News Carbon Credits.,  Carbon Capture,  Soil Carbon,  Carbon Seqestration,  


    German Gov. Earns €12.5 Bn from EU ETS in 2021 (Int'l. Report)
    German Environment Agency
    Date: 2022-01-05
    In Berlin, the German Environment Agency (UBA) is reporting the European Union Emissions Trading System (EU-ETS) generated €12.5 billion ($14.1 billion) in auction revenues for the German government last year, twice as much as in 2020. An additional €7.2 billion was generated through the sale of certificates in Germany's new National Emissions Trading System (nEHS) which was introduced last year and covers the buildings and transport sectors.

    All revenues from carbon trading would go towards the country's energy and climate fund (EKF) opening up new scope for government support of climate protection measures and are also used to stabilize electricity costs in Germany on a pro rata basis, UBA noted. (Source: German Environment Agency, Xinhua, 5 Jan., 2022) Contact: German Environment Agency, Dirk Messner, Pres., +49 340 21030, www.umweltbundesamt.de

    More Low-Carbon Energy News EU ETS news,  Carbon Market news,  Carbon Emission news,  


    EC Pres. von der Leyen Calls for Carbon Tax Action (Int'l. Report)

    Date: 2022-01-05
    "We need to agree to a robust framework of rules, for example, to make global carbon markets a reality. Put a price on carbon, nature cannot pay that price anymore. We have to give strong commitments to reduce emissions by 2030. "Net zero by 2050 is good, but it's not enough" -- European Commission Pres. Ursula von der Leyen. Although the 27-country EU trading bloc has pledged to cut its emissions at least 55 pct by 2030 from 1990 levels, von der Leyen urged other non-EU member countries to commit to deeper emissions cuts this decade. (Source: European Union, EC Audiovisual Service, 2 Nov., 2021) Contact: European Commission, Ursula von der Leyen, Pres., Frans Timmermans, Climate Chief, www.ec.europa.eu/commission/commissioners/2019-2024/timmermans_en, www.ec.europa.eu

    More Low-Carbon Energy News Carbon Tax news,  


    AEGIS Hedging Solutions Acquires Emission Advisors (M&A)
    AEGIS Hedging Solutions
    Date: 2022-01-05
    In the Lone Star State, The Woodlands-based AEGIS Hedging Solutions is reporting the acquisition of Houston-headquartered Emission Advisors, a leader in the environmental markets.

    Emission Advisors works with companies across multiple sectors to understand, purchase, sell, and retire voluntary and compliance offsets in multiple environmental markets including: voluntary carbon offsets; emission reduction credits (ERCs); carbon allowances (California Cap and Trade Program and RGGI; regional emissions markets (Houston-Galveston-Brazoria Mass Emissions Cap and Trade Program and Regional Clean Air Incentives Market (RECLAIM); renewable energy Certificates (RECs); Low Carbon Fuel Standard (LCFS) credits; RINS under the Renewable Fuel Standard Program; and Cross State Air Pollution Rule (CSAPR) allowances. The company provides structured environmental compliance, brokerage, consulting, and portfolio optimization services to a large diverse client base.

    AEGIS simplifies commodity and environmental markets for companies serious about managing their commodity exposures and/or emission footprints. AEGIS has unmatched technology and expertise to deliver market insights, tailored hedge strategies, efficient trade execution, and full-cycle management of hedge positions -- all designed for regulatory compliance. (Source: AEGIS Hedging Solutions, PR, 5 Jan., 2021) Contact: AEGIS Hedging Solutions, Bryan Sanbury, CEO; Emission Advisors , Mike Taylor , 713-385-3321, mtaylor@aegis-hedging.com, www.aegis-hedging.com

    More Low-Carbon Energy News AEGIS Hedging Solutions ,  Carbon Emissions,  Carbon Market,  Carbon Offset,  


    Korean Carbon Emissions Trading Market Expanding (Int'l. Report)
    Korea Market
    Date: 2021-12-20
    In Busan, South Korea, the Korea Exchange (KRX) -- South Korea's sole securities exchange operator founded in 2015 -- is reporting 20 local brokerage houses have been approved to participate in Korean carbon emissions/carbon credit trading.

    To date, 650 registered businesses as well as five market makers -- the Korea Development Bank, Industrial Bank of Korea, Korea Investment, SK Securities and Hana Financial Investment -- have been approved to participate in the market.

    The value of the local carbon emissions trading market grew from 1.6 billion won ($1.3 million) in 2018 to 2.5 billion won in 2020. The South Korean emissions credit price is around 30,000 won per ton, up from 8,000 won in 2015. (Source: Korea Exchange, Korea Times, Dec., 2021) Contact: Korea Exchange, www. global.krx.co.kr/main/main.jsp

    More Low-Carbon Energy News Korea Carbon Market,  Carbon Credit,  Carbon Tax,  


    RGGI Yields $8.5Mn for Ocean State (Ind. Report)
    RGGI
    Date: 2021-11-05
    RGGI Yields $8.5Mn for Ocean State (Ind. Report) The Rhode Island Office of Energy Resources (RIOER) is reporting the state received $8.5 million in September this year from the sale of emission permits as a result of its participation in the Regional Greenhouse Gas Initiative (RGGI), the 11 state cap-and-trade program to reduce CO2 emissions .

    The proceeds of the auctions are largely used to fund various green initiatives. Historically, the price (of emission permits) has stayed around $5 to $7 a ton of carbon -- costing consumers roughly an additional 5 cents a gallon of gas.

    RGGI is a collaboration of states that began with Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont, and more recently added New Jersey and Virginia with Pennsylvania waiting in line. (Source: Rhode Island Office of Energy Resources, PR, Brown Herald, 3 Nov., 2021) Contact: Rhode Island Office of Energy Resources, www.energy.ri.gov/policies-programs/programs-incentives/rggi.php; RGGI, www.rggi.org

    More Low-Carbon Energy News RGGI,  Cap-and-Trade,  Carbon Emissions,  Carbon Market,  Carbon Credits,  


    EC Pres. von der Leyen Calls for Carbon Tax Action (Int'l. Report)
    COP26
    Date: 2021-11-03
    "We need to agree to a robust framework of rules, for example, to make global carbon markets a reality. Put a price on carbon, nature cannot pay that price anymore. We have to give strong commitments to reduce emissions by 2030.

    "Net zero by 2050 is good, but it's not enough" -- European Commission Pres. Ursula von der Leyen.

    Although the 27-country EU trading bloc has pledged to cut its emissions at least 55 pct by 2030 from 1990 levels, von der Leyen urged other non-EU member countries to commit to deeper emissions cuts this decade. (Source: European Union, EC Audiovisual Service, 2 Nov., 2021) Contact: European Commission, Ursula von der Leyen, Pres., Frans Timmermans, Climate Chief, www.ec.europa.eu/commission/commissioners/2019-2024/timmermans_en, www.ec.europa.eu

    More Low-Carbon Energy News COP26,  Carbon Emissions,  Carbon Tax,  von der Leyen,  


    Jakarta Planning Carbon Tax, Carbon Market (Int'l. Report)
    Carbon Tax
    Date: 2021-10-08
    The world's top exporter of thermal coal and the eighth-largest carbon emitter, Indonesia is set to become Asia's fourth country to introduce a carbon tax as part of a tax overhaul, approved by parliament on Thursday.

    The carbon tax, which will be introduced at a minimum rate of 30 rupiah ($0.0021) per kilogram of CO2 equivalent (CO2e), will be imposed at the floor rate on coal-fired power plants from April, 2022, while a carbon trade mechanism is established. A carbon market is expected to be in operation by 2025.

    Indonesia is aiming for net-zero emissions by 2060 or sooner. (Source: Various Syndicated Media, Reuters, 8 Oct., 2021)

    More Low-Carbon Energy News Carbon Tax,  


    Green Trees South Carolina "Bending the Climate Curve" (Ind. Report)
    Green Trees,American Carbon Registry
    Date: 2021-09-29
    In the Palmetto State, Columbia-based Milliken Forestry Company and ACRE Investment Management have announced plans to kickstart Green Trees South Carolina, a voluntary reforestation project that will help "bend the climate curve."

    GreenTrees is the world's largest voluntary forest carbon project that helps landowners plan, plant and measure the carbon sequestration from the trees that grow on their property. That information will be entered into the American Carbon Registry and included in the carbon market and sold to a group of buyers.

    To date, Green Trees has planted more than 50 million trees and plans to plant over 100 million more by the year 2030. More than 600 landowners in 13 states have participating the Green Trees program. (Source: Milliken Forestry Company, PR, Green Trees Website, ABC Columbia, 28 Sept., 2021) Contact: Milliken Forestry Company, 803-788-0590 , www.millikenforestry.com; Green Trees, info@green-trees.com, (540) 253-2504, www.green-trees.com; American Carbon Registry, www.americancarbonregistry.org

    More Low-Carbon Energy News Reforestation,  Green Trees ,  Carbon Markets,  Carbon Credit,  American Carbon Registry,  


    China Industrial Bank Grants First Carbon Sink Loan (Int'l.)
    Industrial Bank C.
    Date: 2021-08-23
    China's Industrial Bank Co., Ltd reports the issuance of a carbon sink loan totaling roughly $2.77 million to an unnamed company managing coastal wetlands in Jiaozhou Bay in east China's Shandong Province. The loan proceeds will be used for purchasing and planting crops with higher carbon uptake capacity on wetland for ecological conservation, according to the bank.

    The issuance of the loan took into account an overall analysis on the wetland's carbon sequestration capacity as a fundamental factor, and the loan amount was based on the transaction prices in the national carbon market, with the wetland's long-term income from carbon trading as collateral, the bank noted.

    China previously announced it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. (Source: China.org,, 21 Aug., 2021) Contact: Industrial Bank Co., Ltd., www.cib.com.cn/en

    More Low-Carbon Energy News Carbon Emissions,  Carbon Sink,  China Climate Change,  Carbon Emissions,  


    South African Agri-Sector Carbon Credit Program Launched (Int'l.)
    Climate Neutral Group
    Date: 2021-08-18
    Utrecht, Netherlands-based global environmental consultancy Climate Neutral Group (CNG) reports it is managing South Africa's recently launched AgriCarbon Programme, the country's first internationally recognised carbon offset programme for the agricultural sector.

    The AgriCarbon Programme provides farmers with an additional source of income by helping them certify and sell high-demand agricultural carbon credits. CNG determines the amount of carbon credits generated on the farm through soil data which is submitted to the carbon auditor and finally the Verra carbon standard. Including multiple farms under the AgriCarbon Programme substantially reduces carbon development and auditing costs per farm, thereby maximizing income to the farmers. (Source: Climate Neutral Group, PR, Engineering News, 18 Aug., 2021) Contact: Climate Neutral Group, +31 30 232 6175, www.climateneutralgroup.com

    More Low-Carbon Energy News Carbon Credit news,  Carbon Market news,  


    Aussie Carbon Market Trading Platform Launched (Int'l.)
    Carbon Market
    Date: 2021-08-02
    In the Land Down Under, Melbourne-headquartered Renewable Energy Hub reports the launch of its Core Markets Carbon and Clean Energy Workbench, an over-the-counter platform for wholesale market proponents, project developers and end users.

    The Core Markets platform provides access to spot and forward contracts in carbon and electricity markets with a new suite of clean energy products developed by Renewable Energy Hub, and a full complement data and insights on price, co-benefits visibility and benchmarking of carbon credits and environmental market certificates.

    Renewable Energy Hub has also announced the execution of its first ACCU "Put option" carbon transaction in 100.000 units. (Source: Renewable Energy Hub, PR, RenewEconomy, 2 Aug, 2021) Contact: Renewable Energy Hub, Chris Holliwell, +61 2 9135 4932, www.renewableenergyhub.com.au

    More Low-Carbon Energy News Carbon Market,  


    Carbon Tax Notable Quote
    Carbon Tax
    Date: 2021-07-30
    "I think it's (carbon tax) not a bad thing. We know that there is a huge economic cost to greenhouse gas emissions, which comes home at some point in time, not immediately; but it could come later, a year later, a decade later, but these are the externalities. So I think we need to recognize that climate change is a result of unmanaged externalities."

    "Carbon markets and carbon taxes are two sides of the same coin in the sense that these are alternative ways of ensuring that polluters pay and carbon is a form of pollution." -- Pavan Sukhdev , WWF International, Pres.; Deutsche Bank, Former Managing Director

    More Low-Carbon Energy News Carbon Tax,  


    Banks Launch Project Carbon, Carbon Offsets Marketplace (Int'l,)
    Carbon Offset
    Date: 2021-07-12
    Banking majors NatWest, CIBC, ITAU and NAB report they have joined forces to create Project Carbon, a blockchain-based marketplace for the sale and purchase of carbon offsets used as a tool by many businesses to help reduce their environmental impact.

    Launching as a pilot in August, Project Carbon will act as a place where the four banks' corporate customers buy and sell carbon offsets with clear and consistent pricing and standards. More banks are expected to join at a later date. (Source: Finextra, 12 July, 2021)

    More Low-Carbon Energy News Carbon Offset news,  Carbon Market news,  


    Shanghai Emissions Contracts to Start Trading This Month (Int'l.)
    China Carbon Market,Shanghai Environment and Energy Exchange
    Date: 2021-07-09
    Following up on our June 30th coverage, the South China Morning Post is reporting the Shanghai Environment and Energy Exchange -- a crucial market-based mechanism to put China on track to reach carbon-neutral status by 2060 -- will begin trading of roughly 4 billion tonnes of carbon emissions contracts before the end of this month, July, 2021.

    The Shanghai exchange is expected to surpass the European Union's Emissions Trading Scheme (EU ETS), currently the largest, which seeks to cap 1.61 billion tonnes of carbon emission this year. With an average traded price of $28.28 a tonne, the scheme raised $21.8 billion last year. Some $80.7 billion have been raised on the EU ETS since trading stared in 2005, according to International Carbon Action Partnership.

    China's industrial sector reportedly accounted for 28.7 pct of carbon emissions in 2019, while the transport industry made up 8.6 pct and buildings contributed 7 pct, according to the Emission Database for Global Atmospheric Research. (Source: China Center for Energy Economics Research, Xiamen University, Xinhua, South China Morning Post, 8 July, 2021) Contact: China National Development and Reform Commission, www.en.ndrc.gov.cn; China Center for Energy Economics Research, Xiamen University, www.energyxmu.edu.cn

    More Low-Carbon Energy News Shanghai Environment and Energy Exchange,  EU ETS,  Carbon Price,  China Carbon Market,  Carbon Trading,  Carbon Emissions,  


    Delayed China Carbon Market Launch "Imminent" (Int'l. Report)
    China Carbon Market
    Date: 2021-06-30
    According to the China Center for Energy Economics Research at Xiamen University, China's stalled national carbon market may start trading as soon as next month, but with more moderate standards than originally planned. Even so, the launch of what will be the world's largest carbon market is not expected to have an impact on the country's goal of hitting peak emissions before 2030 and achieving carbon neutrality by 2060, analysts noted.

    The long-awaited national carbon market will put a price on carbon and set emission permits and quotas for energy-intensive industries, will initially cover more than 2,200 companies in China's power sector. When finally online, China's market will overtake the EU ETS to become the world's largest, covering 12 pct of global carbon dioxide emissions, according to the Shanghai Environment and Energy Exchange.

    The release noted, the biggest barrier for launching a national market lies in the establishment of a multi-dimensional and flexible trading mechanism "It is very difficult to set a unified cap on carbon emissions because CO2 emissions vary in different regions, as does demand for electricity. Some provinces' energy consumption tilts to hydropower, while others rely on coal and accordingly standards for carbon emissions set at the beginning might be relatively moderate and prudent to reduce the impact on the overall economy," according to the Shanghai Environment and Energy Exchange.

    Although China's total energy consumption is expected to be controlled within 6 billion tons of standard coal equivalent by 2030, government anticipates "moderate" carbon emissions growth, and the country's energy consumption from 2020 to 2030 should peak at 800 million tons of standard coal equivalent. (Source: China Center for Energy Economics Research at Xiamen University, China National Development and Reform Commission, Global Times, 28 June, 2021) Contact: China National Development and Reform Commission, www.en.ndrc.gov.cn; China Center for Energy Economics Research, Xiamen University, www.energyxmu.edu.cn

    More Low-Carbon Energy News EU ETS,  China National Development and Reform Commission,  China Carbon Market,  


    Carbon Removal Specialist Boomitra Raises $4Mn (Ind. Report)
    Boomitra
    Date: 2021-06-23
    Silicon Valley, California-headquartered Boomitra. -- fka ConserWater -- a technology start-up working on removal of atmospheric carbon by using artificial intelligence in agriculture, reports having raised $4 million from Yara Growth Ventures, the VC arm of fertiliser major Yara International. Other investors include Chevron Technology Ventures, Jerry Yang, co-founder of Yahoo, Tom Steyer and Kat Taylor.

    Boomitra's satellite and Artificial Intelligence-based technology directly measures soil carbon levels without using sensors or soil sampling which enables soil carbon sequestration to be scaled on a global level. It also enables farmers worldwide to participate and increase their incomes, according to the company.

    Boomitra operates an international soil carbon market, where corporations and governments are able to get the lowest-cost internationally certified carbon removal credits and farmers are incentivised to increase soil organic carbon, sequestering CO2.

    Boomitra works with ground partners across more than 2 million acres in countries such as Mexico, Kenya and India and is in the process of generating and certifying more than 10 million tonnes of carbon removal this year. (Source: Boomitra, PR, Website, 22 June, 2021) Contact: Boomitra, Aadith Moorthy, CEO, info @ boomitra .com, www.boomitra.com

    More Low-Carbon Energy News Carbon Removal,  Soil Carbon,  Boomitra,  


    Nature Conservation Carbon Market Launched in Singapore (Int'l)
    Singapore
    Date: 2021-06-18
    Singapore last month launched Climate Impact X (CIX), a carbon trading marketplace based on nature conservancy projects and backed by its state investment firm, stock exchange , largest bank and the UK Standard Chartered Bank. The CIX initiative has two main platforms: a marketplace for nature-based projects, and an exchange where carbon credits can be freely traded in larger quantities.

    Demand for nature-based carbon credits, such as those from forest conservation and reforestation programs, or wetlands and grasslands restoration projects, has been growing in recent years. Verra, one of the main standard-setting bodies for voluntary carbon markets, reported that nature-based solutions represented 68 pct of its total issuances in Q1 of this year, compared with 38 pct in 2016.

    In 2019, the supply of nature-based projects fell but demand remained strong, resulting in a 30 pct price surge across voluntary markets. That same year, nature-based offsets were three times pricier, on average, than renewable energy ones, data from Ecosystem Marketplace showed. (Source: Ecosystem Marketplace ,Mongabay, 16 June, 2021) Contact: Ecosystem Marketplace, www.ecosystemmarketplace.com

    More Low-Carbon Energy News Carbon Maket,  Carbon Credit,  


    Nasdaq, Fortum to Develop Carbon Removal Market (Int'l.)
    Nasdaq, Fortum
    Date: 2021-06-02
    Helsinki-headquartered Finnish state-owned utility Fortum and financial services company Nasdaq report they have joined forces to develop puro.earth, a trading platform for carbon removal credits.

    Backed by Fortum, puro.earth offers verifiable and tradable carbon removal credits on an open, online platform, with existing corporate clients that include Microsoft, and other majors. Puro.earth CO2 Removal Certificates (CORCs) are based on technologies for long-term carbon removal, such as storing carbon in a solid structures made from industrial waste.

    Nasdaq is taking a majority stake in the puro.earth platform for an undisclosed sum. (Source: Nasdaq, Fortum, June, 2021) Contact: puro.earth, +358 40 5233880, contact@puro.earth, www.puro.earth; Fortum Oyi, www3.fortum.com

    More Low-Carbon Energy News Nasdaq,  Fortum,  Carbon Credit,  Carbon Market,  


    CleanBay Renewables, Climate Action Reserve Refining Emissions Accounting Framework (Ind. Report)
    CleanBay Renewables, Climate Action Reserve
    Date: 2021-05-14
    Annapolis, Maryland-based enviro-tech company CleanBay Renewables Inc. reports it is working with the Los Angeles-headquartered carbon offset registry Climate Action Reserve (CAR) to establish a nitrous oxide (N2O) avoidance framework and a protocol for carbon credit accounting associated with fuel and fertilizer derived from poultry manure.

    The Climate Action Reserve will initially focus on quantifying the emission reductions from the conversion of agricultural byproducts, like poultry manure, into controlled-release fertilizers and establish mechanisms to calculate the displacement of fossil transportation fuels through the use of agriculture-derived renewable natural gas (RNG). The end goal is to develop a science-based framework applicable across the entire agricultural sector, enabling science-based carbon credit accounting for agricultural N2O emission reductions.

    CleanBay is developing a portfolio of bioconversion facilities across the U.S., each of which will recycle more than 150,000 tpy of chicken litter to generate over 750,000 MMBtus of sustainable renewable natural gas (RNG), 125,000 tpy of organic fertilizer, and an estimated 500,000 tpy of CO2 equivalent emission abatement that will be available for purchase in carbon markets. (Source: CleanBay Renewables Inc., PR, 12 May, 2021) Contact: CleanBay Renewables Inc., 410-514-6488, info@cleanbayrenewables.com, www.cleanbayrenewables.com; Climate Action Reserve, (213) 891-1444, fax: (213) 623-6716, reserve@climateactionreserve.org, www.climateactionreserve.org

    More Low-Carbon Energy News Carbon Offset,  Climate Action Reserve,  


    FACA Recommends USDA Carbon Bank Pilot Projects (Ind. Report)
    Food and Agriculture Climate Alliance
    Date: 2021-05-05
    The Food and Agriculture Climate Alliance (FACA) has developed the following specific recommendations for how the U.S. USDA should approach a potential carbon bank -- a voluntary policy mechanism to help reduce barriers that producers and landowners face to participating in voluntary carbon markets and adopting climate-smart practices.

    FACA recommends that USDA lay the foundation for a potential carbon bank by first developing a series of pilot projects aimed at:

  • Scaling climate solutions -- Pilot projects should help increase adoption of climate-smart practices that reduce, directly capture or sequester greenhouse gas emissions, and/or increase climate resilience. Pilots should deploy "critical climate infrastructure" to increase the capacity of farmers, ranchers and forest owners to adapt to climate change, while ensuring food and economic security.

  • Removing barriers to adoption -- Pilot projects should encourage the widespread adoption of climate-smart practices and critical climate infrastructure by removing barriers and making it easier for producers and landowners to adopt these practices.

  • Improving carbon accounting standards -- USDA should develop consistent and credible criteria to account for the carbon sequestration and greenhouse gas reduction benefits of climate-smart agriculture and forestry projects and practices.

  • Ensuring equitable opportunities -- Pilot projects must be developed with and provide equitable opportunities for minority, socially disadvantaged and small-scale producers.

  • Information gained from the pilots will serve two critical purposes -- First, it will help USDA build a durable foundation for a carbon bank that gains long-term bipartisan congressional support. Second, it will help USDA build confidence in how to verify the climate benefits delivered by specific practices and management approaches.

    According to the FACA, this approach will lay essential building blocks for a voluntary carbon bank that creates opportunities for all producers and landowners to participate in rapidly developing voluntary private markets and leverages private investment in agricultural and forestry climate solutions. As USDA develops a carbon bank, it must protect all existing funding for farm bill conservation and insurance programs, and it must ensure that a USDA-led carbon bank doesn't undermine voluntary private markets.

    The FACA consists of 70 member organizations representing farmers, ranchers, forest owners, agribusinesses, manufacturers, the food and innovation sector, state governments, sportsmen, and environmental advocates. These groups have broken through historical barriers to develop and promote shared climate policy priorities across the entire agriculture, food and forestry value chains, according to its website. (Source: FACA, Website PR, 3 Apr., 2021) Contact: FACA, www.agclimatealliance.com

    More Low-Carbon Energy News Voluntary Carbon Market,  Carbon Emissions,  Climate Change,  Carbon Bank,  Carbon Storage,  CCS,  


  • Carbon Terminology Refresher (Opinions, Editorials & Asides)
    Carbon Emissions
    Date: 2021-04-30
    For greater clarity, the Fifth Estate has offered the following brief clarifications of the plethora of commonly used carbon emissions related terms:

  • Net Zero Energy -- There's two ways of looking at this. The first is based on simple math, and means a building, precinct, process or region generates as much energy within its own boundaries or site as it pulls in from elsewhere over a specific period -- most often a year. The other definition is a building or precinct or region that generates 100 pct of its own energy needs on site or within its boundaries.

  • Net Positive Energy -- When a building or precinct generates more energy than it uses and shares that energy through either a local microgrid or by sending it into the main grid, it becomes energy positive.

  • Carbon Negative -- Carbon negative is used for larger scales than individual buildings, such as precincts, regions, businesses or even entire nations. It means absorbing more carbon than all combined carbon emissions within the specific area or operation.

  • Carbon Neutral -- Carbon neutral is basically a balancing act where a building, business or region sequesters or offsets as much carbon as it emits.

  • Carbon Offsets -- All offsets are not created equal -- there are dirt-cheap offsets sloshing around the global carbon market from questionable projects in far-flung places. But not only are they scientifically and ethically questionable, they also will not meet the standards required for formal third-party carbon neutral certification. The best offsets deliver co-benefits beyond just sequestering carbon, such as improving biodiversity, increasing water quality or catchment protection, generating social benefits, local economic benefits or supporting Indigenous cultural practices and knowledge.

  • Operational Emissions -- Most carbon accounting undertaken for the purposes of carbon neutral certification focus on carbon emissions generated by the operation of a building, business or region. It's not just emissions from energy or fuel use though. The Greenhouse Gas Protocol defines three "scopes" or categories of carbon emissions as follows -- Scope 1 emissions are direct emissions from "owned or controlled sources" such as a fleet of vehicles, a power plant or a manufacturing plant. Scope 2 emissions are indirect emissions from the generation of energy used within a building, plant or region. Scope 3 emissions are all the indirect emissions in a business, process or region's value chain both upstream and downstream. This would include something like methane emissions from waste sent to landfill, or the emissions from energy used to make the widgets that a business procures then retails.

  • Embodied Carbon -- Basically, almost everything we use from a smartphone to a building, has embodied carbon. Embodied or upfront carbon refers to the emissions released during the manufacture and transport of building materials, and the construction as well the end-of-life-phases of built assets. (Source: Fifth Estate Australia)

    More Low-Carbon Energy News Carbon,  Carbon Emissions,  Climate Change,  


  • Quebec, CARB Joint Emissions Auction Set for May (Ind. Report)
    California Air Resources Board
    Date: 2021-03-22
    In Quebec City, the Quebec Ministere de l'Environnement et de la Lutte Contre les Changements Climatiques (MELCC) and the California Air Resources Board (CARB) in Sacrament have announced the next joint carbon market auction will be held on May 19, 2021.

    The Auction Notice, which includes the number of emissions units for sale, minimum prices and application requirements, marks the beginning of the application period which closes on April 19, 2021.

    Download auction details HERE. (Source: MELCC, PR, 19 Mar., 2021) Contact: MELCC, www.environnement.gouv.qc.ca; Contact: CARB, Richard Perry, CEO, Melanie Turner, Information Officer, (916) 322-2990, melanie.turner@arb.ca.gov, www.arb.ca.gov

    More Low-Carbon Energy News California Air Resources Board,  Carbon Emissions,  Quebec Carbon Emissions,  


    Nutrien Enters Carbon Farming Carbon Offset Market (Ind. Report)
    Nutrien
    Date: 2021-03-12
    Saskatoon-based crop nutrient products -- nitrogen, phosphate and potash products -- supplier Nutrien is touting a new "carbon farm" carbon credit pilot program that works with growers interested in producing and selling carbon offsets in voluntary offset markets.

    Nutrien was hoping to have about 100,000 acres in Western Canada and the United States corn belt states of Illinois and Ohio subscribed to its "carbon farm" program in 2021.

    Under the program, growers will have the option of adopting a variety of agronomic practices scientifically proven to reduce greenhouse gas emissions and can be used to produce offsets ranging from the adoption of minimal tilling low disturbance cropping practices to the use of specialized crop nutrient products such as slow-release fertilizers, nitrogen inhibitors, biological and micro-nutrients, and variable rate fertilizer prescriptions. The entire system will be supported by digital platforms and data collection programs that enable monitoring and quantification.

    As the markets for voluntary carbon credits and GHG offsets become more established, it is expected that more farmers and land managers will recognize carbon offsets as a new revenue stream that can supplement net farm incomes, the release notes. Nutrien estimates growers could eventually earn as much as $30 to $50 per acre under its program. Potential revenues will ultimately depend on carbon credit valuations in voluntary markets. (Source: Nutrien Ag Solutions, PR, Website, Mar., 2021) Contact: Nutrien, Mark Thompson, Exec. VP, (306) 933-8500 www.nutrien.com

    More Low-Carbon Energy News Nutrien,  Carbon Farming,  Carbon Offset,  Carbon Market,  


    CME Launches Global Emissions Offset Futures (Ind. Report)
    CME Group, CORSIA
    Date: 2021-03-05
    Chicago-based derivatives marketplace CME is reporting the launch and availability for trading of its Global Emissions Offset (GEO) futures.

    GEO futures, which were designed to help customers manage the risks associated with voluntary decarbonization strategies, are based on the selection criteria and review process developed for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). GEO futures allow for delivery of CORSIA eligible voluntary offset credits from three ICAO approved registries and are listed by and subject to the rules of NYMEX. (Source: CME Group, PR, Mar., 2021) Contact: CME Group, www.cmegroup.com/geo

    More Low-Carbon Energy News Carbon Offset,  Carbon Credit,  Carbon Market,  CORSIA,  


    China Emissions Trading System Sets Interim Rules (Int'l.)
    China Carbon Market
    Date: 2021-02-05
    In Beijing, a set of interim rules for carbon emissions trading management in China came into effect on Monday, marking a key step in the establishment of a unified national emissions trading system (ETS). A total of 2,225 power firms across the country assigned with CO2 emission caps can now trade their emission quotas via the system whereby firms that exceed their caps can purchase unused quotas from those with low emissions. A stable carbon trading among power generators will pave the way for the gradual expansion of the national ETS to include more industries, trading varieties and trading modes, thus promoting the system's healthy and sustainable development.

    In an effort to build a national ETS, the country has been piloting emissions trading at the regional level since 2011, covering seven provinces and cities including Beijing, Shanghai and Guangdong. As previously reported, China aims to bring its carbon emissions to a peak before 2030 and become carbon neutral before 2060. (Source: China Ministry of Ecology and Environment, China Daily Global, Xinhua, 3 Feb., 2021) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn

    More Low-Carbon Energy News China Carbon Markets,  China ETS,  


    Shanghai Pegged for China's National ETS Trading Platform (Int'l.)
    China Carbon Market
    Date: 2021-01-04
    In Beijing, the Chinese Ministry of Ecology and Environment is reporting China will set up the trading platform of its long-awaited nationwide emission trade scheme (ETS) in Shanghai and the registry platform in the central city of Wuhan. Shanghai and Wuhan are among seven cities that have carried out pilot trading schemes since 2011.

    The long-delayed scheme is expected to cover 2,267 power plants across China in its first phase and encourage firms to cut their greenhouse gas emissions through the purchase and sale of emission permits. Chinese President Xi Jinping has pledged to bring the country's carbon emission to a peak before 2030 and to reach carbon neutrality around 2060. Chine is presently the world's largest emitter of greenhouse gases.

    As reported in Dec., the China Securities Regulatory Commission is considering emissions trading futures to boost green development and help Beijing fulfill its promise to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.(Source: China Daily, Various Others, Jan., 2020)Contact: China Securities Regulatory Commission, www.csrc.gov.cnChinese Ministry of Ecology and Environment, english.mee.gov.cn

    More Low-Carbon Energy News China Carbon Markets,  China ETS,  


    EU Stiffens 2030 Climate Change, Emissions Goal (Int'l. Report)
    European Union,EC
    Date: 2020-12-28
    In Brussels, leaders of the 27 member states have agreed to cut their net greenhouse gas emissions by at least 55 pct from 1990 levels by 2030, substantially toughening an existing 40 pct target and putting the bloc "on a clear path towards climate neutrality in 2050".

    To that end, EU emissions trading market already seeks to put a price on the carbon emissions that drive climate change. The price of permits rose to an all-time high above €31 euros a tonne on expectations that the supply of permits would be cut, to force deeper emissions cuts. The target is a compromise between wealthier, mostly western and Nordic EU countries that want more ambitious action and eastern states with coal-dependent power sectors and energy-intensive industries, which wanted specific conditions attached to emissions cuts.

    The final deal gives a commitment to address "imbalances" in carbon market funding that could leave poorer countries worse off. The leaders agreed to meet again next year to tackle the question of GDP-based emissions targets. The Commission's proposals will speed a shift to electric vehicles and aim to mobilise investments in the huge low-carbon infrastructure that will now be needed - including a requirement for extra energy sector investments of €350 billion ($420 billion) per year this decade. (Source: EU, ET Auto, Dec., 2020)

    More Low-Carbon Energy News European Union,  European Commission,  Carbon Emissions,  


    Beijing Considering Emissions Trading Futures (Int'l. Report)
    Securities Regulatory Commission
    Date: 2020-12-21
    Yesterday, the China Securities Regulatory Commission reported it is considering emissions trading futures to boost green development and help Beijing fulfill its promise to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

    As previously reported, China has piloted emissions trading in seven provinces and cities, including Beijing, Shanghai and Shenzhen, since 2011 to explore market-based mechanisms to control greenhouse gas emissions. (Source: China Securities Regulatory Commission, China.org, Xinhua, 20 Dec., 2020) Contact: China Securities Regulatory Commission, www.csrc.gov.cn

    More Low-Carbon Energy News China Carbon Markets,  


    Climatetrade, Algorand Partnership Announced (Int'l. Report)
    Climatetrade,Algorand,
    Date: 2020-12-04
    Valencia, Spain-based carbon offsetter Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage Algorand's scalable, secure and decentralized digital blockchain technology network to bring its technology to the next level.

    Climatetrade brings transparency and traceability into carbon markets with blockchain solutions services to large corporations. Climatetrade and its customers will be use Algorand as its primary infrastructure layer and leverage its carbon offsetting capabilities.

    Climatetrade aims to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects. (Source: Cliamatetrade, Algorand Website PR, 2 Dec., 2020) Contact: Cliamtetrade, Francisco Benedito, CEO, www.climatetrade.com; Algorand, www.algorand.com

    More Low-Carbon Energy News Climatetrade,  Carbon Offset,  


    UK-Wide Carbon Markets Join Forces (Int'l. Report)
    UK Woodland Carbon Registry
    Date: 2020-12-02
    Two key UK-wide carbon markets -- the UK Woodland Carbon Registry and UK Peatland Code -- report they have joined forces to form the new UK Land Carbon Registry, a 'one-stop-shop' for woodland and peatland carbon schemes.

    To date, 526 woodland creation projects have registered with the new Woodland Carbon Code, with 40 pct being in Scotland. This represents a doubling of projects compared to the past year alone and these registered projects are predicted to sequester over eight million tonnes CO2 over their lifetime.

    "This new joint registry will support nature-based solutions to the climate and biodiversity crises. This builds on our existing support for the domestic carbon market, driven by our Woodland Carbon Guarantee scheme which provides landowners additional long-term income for capturing carbon through new woodlands. Well-managed woodlands and healthy peatlands play essential roles in helping us to reach net zero, " according to Government Forestry Minister Lord Goldsmith. (Source: UK Woodland Carbon Registry, FarmingUK, 30 Nov., 2020) Contact: UK Woodland Carbon Registry -- Woodland Carbon Code, www.woodlandcarboncode.org.uk; UK Peatland Code, www.iucn-uk-peatlandprogramme.org

    More Low-Carbon Energy News Carbon Emissions,  Carbon Markets,  


    Quantifi to Support Carbon Cap Investment Strategies (Int'l.)
    Quantifi,Carbon Cap Management
    Date: 2020-11-25
    Quantifi, a provider of risk, analytics and trading solutions, reports it has been selected by London-headquartered environmental asset management specialist Carbon Cap Management LLP to support its carbon emissions investment strategies. Carbon Cap's mission is to raise awareness about climate change and to provide solutions directly related to the capping and reduction of CO2 emissions.

    Carbon Cap recently launched the World Carbon Fund, a globally diversified fund investing in multiple liquid and regulated carbon markets. The fund pursues an absolute return strategy, seeking to deliver positive returns with a low correlation to traditional and alternative asset classes. It also seeks to have a direct positive impact on climate change.

    Quantifi's suite of integrated pre- and post-trade solutions allow market participants to better value, trade and risk manage their exposures and respond more effectively to changing market conditions. (Source: Quantifi, PR, 25 Nov., 2020) Contact: Carbon Cap, Michael Azlen, Founder and CEO, +44204 5265 480, investorinfo@carbon-cap.com, www.carbon-cap.com; Quantifi Solutions, Rohan Douglas, CEO, (212) 784-6815 -- NY, +44 (0) 20 7248 3593 -- London, www.quantifisolutions.com

    More Low-Carbon Energy News Carbon Market,  Carbon Cap Management,  Carbon Emissions,  CO2,  


    Vietnam Developing Carbon Tax, Pricing Tools (Int'l. Report)
    Vietnam
    Date: 2020-11-06
    The Vietnam Ministry of Natural Resources and Environment is reporting plans to develop a roadmap to implement market-based carbon pricing -- carbon tax -- tools as part of its effort to reduce greenhouse gas emissions.

    The Ministry has proposed adding the carbon market -- carbon tax to the revised draft Law on Environmental Protection which is expected to be approved by at the upcoming 10th legislative session.

    In 2012, Vietnam joined the Partnership for Market Readiness (PMR) which aims to establish carbon markets in developing, emerging countries like Vietnam. Vietnam became a member of the United Nations Framework Convention on Climate Change (UNFCCC) in 1994 and ratified the Kyoto Protocol in 2002.

    Vietnam is one of five countries most affected by climate change. If sea levels rise by one meter, one-fifth of the country's population could become homeless and 12.3 pct of farmland could disappear, experts have warned./. (Source: Vietnam Ministry of Natural Resources and Environment, VNA, 5 Nov., 2020) Contact: Vietnam Ministry of Natural Resources and Environment, (0243) 7956868, (0243) 8359221 -- fax, portal@monre.gov.vn, www.monre.gov.vn/English

    More Low-Carbon Energy News Carbon Tax,  Vietnam,  Climate Change,  


    Hannon Armstrong Joins Partnership for Carbon Accounting Financials (Ind. Report)
    Hannon Armstrong,Partnership for Carbon Accounting Financials
    Date: 2020-09-25
    Annapolis, Maryland-headquartered climate change solutions investor Hannon Armstrong Sustainable Infrastructure Capital, Inc. reports it has joined the Partnership for Carbon Accounting Financials (PCAF), a global industry-led network of more than 70 financial institutions working to establish a common carbon accounting framework. facilitate a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.

    Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP, according to the release.

    As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tpy of CO2e. . The company is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns (Source: Hannon Armstrong, Website, PR, Sept., 2020) Contact: Partnership for Carbon Accounting Financials, www.carbonaccountingfinancials.com; Hannon Armstrong, Jeffrey W. Eckel, CEO, . (410) 571-6189, investors@hannonarmstrong.com, www.hannonarmstrong.com

    More Low-Carbon Energy News Hannon Armstrong,  Partnership for Carbon Accounting Financials,  Carbon Market,  Carbon Emission,  


    EU Cuts Carbon Market Compensation for Industrial Emitters (Int'l.)
    EU,Carbon Emissions
    Date: 2020-09-23
    In Brussels, the European Commission (EC) is reporting fewer companies will be eligible for state-aid compensation for part of their carbon costs, under new rules aimed at forcing polluting companies to reduce their emissions footprint.

    The new state-aid rules of the EU Emission Trading System will enter into force next year, targeting the sectors at risk of carbon leakage. Only 10 sectors will be eligible for this compensation.

    Download new state-aid rules details HERE. (Source: EC. EUobserver, Sept., 2020) Contact: EC, www.ec.europa.eu

    More Low-Carbon Energy News EU news,  EU Carbon Emissions news,  

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