Carbon Pulse

China on Tuesday published final regulations for its national CO2 emissions trading scheme, meaning the market will be formally in operation from Feb. 1 despite technical issues with the registry and trading platform.

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

EUAs hit a new all-time high on Monday as cold weather prospects lifted the energy complex and allowance supply curbs continue to drive bullish sentiment, while data showed a significant 10-20% drop in investors and other financial market participants.

The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.

Massachusetts will follow California’s lead in phasing out sales of new gas-powered light-duty vehicles by 2035, as well as implementing a regional low-carbon fuel standard (LCFS) to operate alongside the Transportation & Climate Initiative (TCI) carbon market, Governor Charlie Baker’s (R) administration announced last week.

ENGIE's European Affairs Department is seeking a European Affairs Policy Advisor.

#SustainablePublicAffairs is looking for a highly motivated young professional to join its fast-growing team.

The European Climate Law, industrial policy, and green shipping are three priorities of the six-month Portuguese EU Council presidency that took over on Jan. 1, putting the bloc’s climate files high on the agenda.

To support the expansion of ENGIE Impact in the EMEAI region, and bring the highest standard of consulting services to its clients, ENGIE Impact looks for a Strategy and Energy Markets Analyst based in Brussels.

Verra is looking for a Director, Sustainable Development Programs to oversee the strategy, direction and evolution of Verra’s sustainable development (SD) programs, which currently include the Community & Biodiversity (CCB) Standards, the Sustainable Development Verified Impact Standard (SD VISta), the Plastic Waste Reduction Standard and the Sustainable Development Contributions Report.

Verra is looking for a Manager, Technology Innovations, to lead our work in assessing potential opportunities and designing pathways and systems to take advantage of remote sensing (RS), artificial intelligence (AI)/machine learning (ML), distributed ledgers (DL) and other established and emerging technologies, in Verra standards, tools, programs, and registry, especially as they relate to natural climate solutions (NCS).

Eighteen entities opened California-based Compliance Instrument Tracking System Service (CITSS) accounts during the final quarter of 2020, as 10 others closed their accounts in the WCI-linked programme, data from state regulator ARB showed Wednesday.

The New York Department of Environmental Conservation (DEC) on Wednesday announced a $125/tonne social cost of carbon (SCC) for use in agency planning, vastly exceeding rate the US federal government has used to account for the economic costs of GHG emissions.

South Korea will auction more than 18 million CO2 allowances in 2021, with monthly volumes rising in the second half of the year when the third phase of the emissions trading scheme with tighter regulations kicks in, the annual auctioning schedule shows.

South Korea wants the share of coal in the nation’s energy mix to fall by a quarter over the next 14 years, but an increase in LNG consumption means the power sector’s carbon reduction target by 2030 is lower than for the overall economy.

Germany's federal regulator Bundesnetzagentur (BNetzA) on Wednesday published a list of 25 GW worth of hard coal and lignite plants that will serve as a final ranking of plants at risk of forced shutdown if upcoming closure tenders are undersubscribed.

China on Wednesday released the final allocation plan for participants in its national emissions trading scheme, clearing one of the last hurdles left before the market can open.

The US Department of Justice (DOJ) asked an appeals court to overturn rulings earlier this year that concluded California’s linkage with Quebec does not violate the Constitution, according to a brief filed by the agency.

European carbon prices rose to a new all-time high on Monday after the EU and UK reached a post-Brexit trade deal late last week, and as colder weather and limited allowance supply provided support.

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