Carbon Pulse

Two obligated parties under the US Renewable Fuel Standard (RFS) have filed separate lawsuits against a Texas-based commodity shop for failing to deliver biofuel credits (RINs) in fulfilment of contractual obligations.

The IEA plans to publish a roadmap for how the global energy sector can reach net zero emissions by 2050, it announced Monday while flagging that GHGs were set to rebound from pandemic-induced drops seen this year.

The Northeast US RGGI cap-and-trade scheme is expected to make a formal announcement soon about its upcoming programme review, kicking off the process to make further revisions to the power sector carbon market, regulatory sources told Carbon Pulse.

The Powering Past Coal Alliance is recruiting for a Programme Manager who will lead the administration and management of the PPCA secretariat. The role holder will work directly with members and partners in the practical delivery of the Alliance’s strategic objectives.

Ecorys is seeking new team members to join as consultants in the fields of Environment, Energy and Climate Change.

France will not advance an aviation tax increase suggested by a citizen-led panel, according to a leaked draft of its climate law that instead proposes compulsory offsetting of emissions from domestic flights. 

You will lead a dynamic team of six to seven officers responsible for developing and maintaining our competitive energy market, so that Singapore, as one of the few countries in the region that has liberalised its gas and electricity industries, can continue to enjoy affordable and reliable electricity and gas supply.

There is potential for Singapore to capture economic opportunities in the carbon trading space, given our strengths as a trusted and strategic location and a business-friendly hub. The intern will conduct an international landscape scan of carbon markets around the world, and analyse their structures and value propositions.

China, Japan, South Korea, South Africa are among an increasing number of countries around the world to have announced plans to achieve climate neutrality. The intern will be involved in a landscape scan and research of various countries’ plans to achieve their targets, and assess if there are learning points for Singapore, taking into account our national circumstances and context.

EUAs fell back towards €34 on Monday despite matching Friday's record high €35.20 in the opening minutes, as observers expect more gains this week amid continued cold weather.

The US Supreme Court announced Friday that it would review a lower court’s ruling that severely curtailed the EPA’s ability to issue compliance waivers under the Renewable Fuel Standard (RFS), with a future decision potentially adding downside pressure to biofuel credit (RIN) prices that have soared to three-year highs.

Trading in China’s national emissions trading scheme is expected to begin around mid-year, the person in charge of developing the ETS exchange has told local media.

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

California’s snowpack remains below historic averages that could limit future low-carbon hydroelectric generation, while overall power consumption dropped slightly in December across the Golden State as Governor Gavin Newsom re-imposed measures to slow the spread of COVID-19, data shows.

Compliance entities and speculators held their California Carbon Allowance (CCA) holdings mostly firm across the first several trading sessions of 2021, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs advanced to a new record above €35 on Friday as cold weather continued to support carbon’s massive rally while auction supply remains paused.

Norway aims to increase its national carbon tax more than threefold by the end of the decade as part of a climate roadmap released Friday that mainly aims to reduce emissions from non-ETS covered sectors.

The UK government shuffled its climate ministers on Friday, with Business Secretary Alok Sharma stepping down from that post to focus full time on his role as president of the upcoming UN climate summit.

The future Democratic chair of the US Senate agriculture committee will focus on passing bipartisan legislation in the new Congress to help rural stakeholders voluntarily participate in carbon markets, according to a media report.

Some companies covered by Germany's newly-launched national emissions trading system (nEHS) are likely to promptly launch legal challenges against the mechanism, which could introduce a degree uncertainty that could drag on for years, according to experts.