Carbon Pulse

EU carbon prices were steady on Tuesday to hold on to the previous session’s holiday-fuelled gains, as weekly auction supply tightens to one of its lowest levels in 2018.

British Columbia has introduced legislation to scrap its near-term GHG reduction target and replace it with two interim goals en route to the province’s mid-century objective.

The European Commission cleared 44 big-emitting industries to receive free carbon allowances for 2021-30, reducing drastically the number of eligible sectors but retaining big polluters such as steel, cement, and chemicals.

The overall objective of the project is to contribute to climate change mitigation and adaptation and the development towards a resource-efficient, low-emissions and climate-resilient economy.

German utility Uniper held back on its hedging of forward power output for the second quarter in a row, its results showed on Tuesday, in potentially bullish news for carbon.

Australia’s emerging offset market is set to continue in low-key mode for the next year after the government budget released Tuesday halved climate spending and failed to replenish the Emissions Reduction Fund (ERF).

Australia is in pole position to lead the clean energy revolution, and should put a price on carbon to realise that potential, said leading economist Ross Garnaut.

The GCF Secretariat is seeking for a (Private Sector) Senior Climate Change Policy Specialist to support the strengthening of the investment programs of its Private Sector Facility with the view to improve the quality and climate rationale of future investments and to assist in the development of GCF’s private sector strategy by ensuring high climate rationale and high transformational potential.

Higher production from Alberta’s oil sands over the coming decade will see the Canadian province break its own target to limit GHG emissions in the carbon-intensive sector, according to new research published Monday.

Under the overall supervision of the Team Leader of Energy and Environment at UNDP China and the direct leadership of the Chief technical advisor for the feasibility study, the National Consultant will be responsible for conducting study of carbon emission regarding hydrogen production from ethanol reforming by leading relevant research, analyzing data available and compiling the research results to a report.

The Executive Director leads the work of the secretariat team and drives the growth of the organisation. They are responsible for designing the strategy and identifying new opportunities for growth whilst ensuring the organization stays true to its core mission and values.

The European Commission on Monday announced the long-awaited dates for 2018’s EU aviation allowance auctions.

Traded volumes in China’s eight pilot emissions trading schemes fell by two-thirds in April compared to the same month last year, as the delay of the national ETS has seen many traders exit.

The Australian government has contracted around 20 million offsets from landfill gas projects, but 95% of those seem set to stop generating carbon credits in 2021 after the Emissions Reduction Assurance Committee (ERAC) recommended their crediting periods should not be extended.

Australia will not replenish the Emissions Reduction Fund (ERF) in Tuesday’s budget even though the ERF is quickly running out of cash, news agency AAP reported Monday.

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

Four research institutions have partnered to test a forest carbon trade that would involve transferring REDD carbon credits from Colombia to South Korea to help meet Paris Agreement goals.

EU carbon prices nudged back above €13 on Friday to halt a run of three straight daily losses notched since the 2017 compliance deadline passed, as a looming week of tighter auction supply deterred selling.

EU countries handed out a further 3.68 mln free carbon allowances to industry for 2018 in the past two weeks, European Commission data released late Friday showed, as the deadline for surrendering units against last year’s emissions passed.

Companies regulated by the EU ETS exchanged 10.57 million Kyoto Protocol credits for allowances over the last six months to use for compliance, the European Commission said Friday, continuing the slow usage rate as the market’s overall quota is almost exhausted.