Carbon Pulse

MEPs are grappling with how quickly to withdraw free carbon allowances from EU heavy industries under a proposed carbon border levy, while ex-officials warn of a potential diplomatic furore ahead.

Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.

As Director or Vice President of Sales (depending on prior experience), your initial responsibilities will include sales and marketing functions related to Bluesource’s voluntary carbon market business, including identification and acquisition of new customers, client engagement, development and implementation of marketing strategies and negotiation of sales agreements.

Compliance entities and speculators slashed California Carbon Allowance (CCA) futures holdings this week, as traders largely focused on moving positions further out on the curve ahead of the December expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

California and Quebec’s first post-2020 carbon auction will feature 54.8 million current vintage allowances, marking a decline from the Q4 sale largely due to lower consignment, according to an auction notice published Friday.

The Canadian government on Friday released draft regulations to implement a Clean Fuel Standard (CFS), roughly a week after Prime Minister Justin Trudeau’s administration announced plans to trim the scope of the programme.

EUAs slipped below €31 on Friday amid sliding energy and equity prices, with carbon continuing its retreat from this week's record high despite a supply shortage.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Tianjin has released the 2020 allocation plan for its municipal emissions trading market, tightening settings for local emitters and likely becoming the third region to ensure its local coal-fired power plant will be exempted from the national market in 2020.

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

An annual decarbonisation rate of 11.7% is now needed to keep global warming below 1.5C, representing more than five times the 2.4% reduction level reached before the pandemic, according to a report published on Friday.

International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.

RGGI allowances surged this week on aggressive buying from a compliance entity as California Carbon Allowance (CCA) prices inched up with participants looking to shift positions further out on the curve.

So it’s official – the UK will launch its own emissions trading system in 2021. Of course, it won’t actually begin on January 1, as the Department for Business, Energy and Industrial Strategy – the regulator – has yet to work out what the free allocations should be, how many UK Allowances (are we OK with UKA as an abbreviation?) will be auctioned, etc etc. But we know a few things...

EUAs held around €32 on Thursday, ending a four-day streak of setting new records with traders questioning whether carbon's massive six-week rally could withstand a larger bout of profit-taking.

The European Commission on Thursday released the annual emission limits per country in sectors not covered by the bloc’s carbon market, although caps governing output from non-ETS sectors are set to tighten significantly as a result of the bloc’s higher emissions reduction target agreed last week.

Responsible for leading the development of carbon trading activities of the GM&T business in Europe and beyond. The primary objective of the role is to identify and develop trading strategies in carbon markets with a particular interest in the EU ETS and project-based emissions reductions. The role is also responsible for hedging all EU ETS sales flow for the desk.

US President-elect Joe Biden is expected to nominate North Carolina environmental regulator Michael Regan to led the EPA, Reuters reported Thursday.

The Gold Standard Foundation seeks a highly motivated individual to join our technical team, reporting to the Technical Director. This is a full-time position responsible for managing the Gold Standard Assurance System to ensure that projects/programmes are certified in line with standard requirements and assurance related risks are identified and mitigated.

EU climate ministers on Thursday adopted a unified negotiating position for the European Climate Law including a higher 2030 emissions target, while formally endorsing an updated nationally determined contribution (NDC) to the Paris Agreement.