Carbon Pulse

More than 40 asset managers, including the world’s two biggest, have added their signatures to an initiative seeking to align global investment portfolios with a target to achieve net zero greenhouse gas emissions by 2050 or sooner.

The NSW state government in Australia has issued a tender for the supply of domestic carbon credits to a voluntary carbon offsetting scheme for light vehicles it is planning as part of its efforts to reach net zero emissions by 2050.

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

ENGIE are recruiting for an Energy and Carbon Analyst to be based in Canary Wharf, London. As an integral part of a carbon and compliance team, this position will be working on numerous client contracts to ensure compliance with energy audits and reporting.

Working within the new Energy Transition BU and reporting directly to the Head of Energy Transition, you will lead the Group’s analysis on carbon and emissions analysis.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in New Mexico, Oregon, and New York.

A carbon border adjustment mechanism (CBAM) can co-exist with free allocation for industry in the EU ETS, but only if implemented in the form of a “climate contribution” to complement the bloc’s carbon market, researchers argue.

JPMAM is looking to add a senior research analyst to the Sustainable Investing team, to lead, contribute to and expand all aspects of the team's research work. S/he will be expected to work with the Global Head of Sustainable Investing and a team of dedicated research analysts globally to establish and execute on the overall research agenda and strategy, focusing on delivering key ESG and thematic insights including climate change, as well as portfolio implementation methodologies and investment frameworks across asset classes.

California Low Carbon Fuel Standard (LCFS) values will fall significantly from current levels in the next five years as electric vehicles’ share of the transportation fuel pool rises and renewable natural gas (RNG) and renewable diesel production continues ramping up, according to a report published Thursday.

Financial entities increased their California Carbon Allowance (CCA) holdings this week as permit values trended down towards the WCI floor price, while regulated entities continued to cut positions, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Stalled EU Climate Law negotiations risk delaying upcoming proposals to tighten the bloc’s climate policies, a senior Parliamentary negotiator said late Friday after the fifth round of talks.

The UK should not use foreign carbon credits to help meet its binding 2023-2027 emissions budget, but the country could consider purchases to help spur international action, the government’s climate advisory body said on Friday.

EUAs climbed by more than a euro early on Friday, recovering from the previous session's brief drop below €40 but on course for second straight weekly loss since hitting a record high.

California transportation fuel demand crashed 16% in 2020 as the COVID-19 crisis curtailed vehicle miles travelled in the Golden State, likely leading to significantly lower emissions under the state's WCI-linked carbon market, according to state data released Friday.

EU discussion over imposing a border carbon adjustment has mostly focused on the technical design and implementation challenges raised by this complex instrument. Even the most robust design will mean little, however, if the measure fails to secure buy-in from relevant stakeholders in Europe and abroad, write Andrei Marcu of think-tank ERCST and Michael Mehling of MIT.

Offsets, CCS, and hydrogen are all on the table as Origin Energy carves out a strategy for how to meet rising demand for carbon neutral LNG, particularly from Asian markets.

We are currently recruiting for a financial carbon market analyst with expertise in the EUA market and other carbon markets. The candidate is expected to support growth and delivery of a range of EUA and carbon market offerings. The ideal candidate has consulting experience and a strong background in finance, economics, or a related discipline.

The Commodity Trading desk is providing commodity hedges and risk management solutions. The main clients are corporates with hedging needs in the commodity space. The desk has a global presence with teams in New York, Singapore and London. The desk covers a wide product range, covering Energy, Base and Precious Metals and Softs & Agri's.

This position is responsible for developing Environmental Market analysis for Shell Energy Europe and Environmental Products. The successful candidate will lead the production of high-quality analytics, targeted directly at producing commercial recommendations which add value to the trading bottom line.

The Manager, Climate Change will drive forward BSR’s climate change work, which includes thought leadership and insight, collaborative initiatives, and advisory services work with companies. BSR works with its member companies to reduce greenhouse gas emissions and to build resilience to climate impacts, in order to achieve the goals of the Paris Agreement on climate change.