Carbon Pulse

Indonesia has announced plans to launch a pilot carbon market next year, with a full-fledged emissions trading scheme to follow no later than 2024. A lot of specifics remain to be decided, but here are the details of the plans so far.

The European Commission unveiled its wide-ranging ‘European Green Deal’ on Wednesday, including a legislative proposal to enshrine a 2050 net zero emissions target into law by Mar. 2020 but snubbing lawmaker calls to immediately propose a deeper 2030 goal.

An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut.

South Korea’s monthly KAU auction cleared at a record-high 40,900 won ($34.24) on Wednesday with secondary market prices also hitting all-time highs as strong demand and limited supply continue to push up prices.

E3G is looking for an enthusiastic practitioner to lead E3G’s work on Europe-China climate diplomacy and cooperation, analyse and interpret Chinese climate related policy and activities, and facilitate engagement between E3G’s Chinese partners and European climate policy & actors. The role will be based in E3G’s London office.

The British Embassy in Ankara is part of a world-wide network representing British political, economic and consular interests overseas and is now looking to hire a Climate Change Policy Adviser to contribute to British Embassy work to combat Climate Change, including diplomatic action to support delivery of the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26) in December 2020.

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

European carbon prices dipped back below €25, giving back all of yesterday’s gains in an otherwise uneventful day.

WCI carbon auction volume owned by California will dip nearly a quarter next year, while Quebec's free permit allocation to industrial entities will increase compared to 2019, according to Carbon Pulse analysis.

The World Bank’s Pilot Auction Facility (PAF) will hold its fourth auction on Mar. 3, 2020 to buy methane emission reduction credits from projects in the developing world, the bank announced Tuesday.

Several rich-nation governments have pledged a total of $100 million to extend through 2030 and revamp the World Bank-led PMR carbon pricing technical support facility for emerging economies.

Washington Governor Jay Inslee (D) intends to once again back a low-carbon fuel standard (LCFS) during the 2020 legislative session, but his administration will not endorse a state senator's WCI-modelled cap-and-trade bill, an advisor told Carbon Pulse on the sidelines of the UN climate summit Tuesday.

Pakistan has set up a national committee to assess the role and scope of a potential domestic carbon market as well as entering into a bilateral deal that could see the nation supply offsets to China’s national emissions trading scheme.

Western Australia’s Environmental Protection Agency has released new greenhouse gas emission guidelines for big-emitting projects, confirming expectations by backing down from a previous proposal to introduce mandatory offsetting but keeping carbon credits on the table as a compliance option.

The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.

The Vice President for Policy is a key executive management position at the Climate Action Reserve and is responsible for overseeing the development of new and the maintenance of existing greenhouse gas reduction methodologies (including offset protocols and ex ante Climate Forward methodologies), managing the Reserve’s consulting and advisory services program, and providing strategic advice and guidance to support the Reserve’s existing and new initiatives.

New Zealand's NZX and Germany-based EEX are joining forces in a bid to run the auction platform for New Zealand’s reformed ETS and will together explore other partnership opportunities in the country and elsewhere, the exchanges announced Tuesday.

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

European carbon prices reversed early losses on Monday on news that Germany would proceed with EUA cancellations to offset the market impact of its coal phaseout.

The voluntary carbon market is seeking a 5-10 year stay from emissions auditing rules to prevent a collapse in clean investment, a risk some governments say is unfounded and could even slow national climate action.