Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 27 min ago
RFS Market: RIN prices trend toward $1 mark and set new three-year high
US biofuel credit (RIN) prices under the Renewable Fuel Standard (RFS) set a fresh three-year high this week on a lack of sellers and as a federal administration under President-elect Joe Biden (D) gets set to take office later this month.
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RGGI Q1 auction volume skyrockets with Virginia linkage
The Northeast US RGGI carbon market will offer 23.5 million allowances at the March auction with the inclusion of Virginia this year, while the quarterly sale will also include the supply-curbing Emissions Containment Reserve (ECR) for the first time.
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Virginia activates 27 compliance accounts as it joins RGGI
Virginia opened RGGI compliance accounts for regulated parties this week as the state entered the regional power sector cap-and-trade programme on Jan. 1, according CO2 Allowance Tracking System (COATS) data.
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China adopts ETS trading rules as carbon market gets closer to going live
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.
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CP Daily: Monday January 4, 2021
A daily summary of our news plus bite-sized updates from around the world.
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EU Market: EUAs set new record above €34 as cold snap bites
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.
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ART programme approves five Central and South American jurisdictional REDD concepts
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.
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Massachusetts to pursue 100% zero-emissions vehicle mandate and regional LCFS
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.
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European Affairs Policy Advisor, ENGIE – Brussels
ENGIE's European Affairs Department is seeking a European Affairs Policy Advisor.
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Junior Consultant, #SustainablePublicAffairs – Brussels
#SustainablePublicAffairs is looking for a highly motivated young professional to join its fast-growing team.
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BRIEFING: Portugal vows to conclude EU Climate Law in its six-month presidency
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.
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Strategy and Energy Market Analyst, ENGIE Impact – Brussels
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.
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Director, Sustainable Development Programs, Verra – Washington DC/Remote
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.
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Manager, Technologies for Natural Climate Solutions, Verra – Washington DC/Remote
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).
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Five new speculators among 18 WCI accounts registered in Q4
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.
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New York sets $125/tonne social cost of carbon
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.
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South Korea releases 2021 carbon auction schedule
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.
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South Korea to cut coal consumption, energy sector CO2 emissions
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.
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Germany releases preliminary ‘ranking’ of coal plants at risk of forced closure
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.
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China releases final 2019-20 ETS allocation plan
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.
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