Carbon Pulse

Australia’s greenhouse gas emissions fell 0.1% in FY2018-19, government data showed Friday, primarily due to a drop in agricultural output amid the ongoing drought.

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

The Union of BC Indian Chiefs (UBCIC) is seeking a Climate Policy Analyst to support the work of our organization and assist in carrying out the climate-related mandates as directed by UBCIC’s member Nations.

We are looking for someone who is enthusiastic, hardworking, organised and self-motivated. A strategic mind-set is important as we are a small team working across a diverse range of roles, aiming to achieve large goals. The role offers opportunity to gain experience across multiple different areas of project work.

Perspectives Climate Group is currently seeking a highly motivated, skilled and experienced senior consultant with strong experience in developing international climate policy instruments – to strengthen and support our team in Hamburg or Freiburg, Germany.

The Head of Operations plays a central role in the strategic direction of the organisation, overseeing all aspects of the Foundation’s operations. This exciting role will pick up on the momentum of recent growth in certified projects and service offerings.

EUAs lost ground on Thursday as one of the weakest auction performances of the year helped push prices below €25 for several hours.

The EU Parliament voted to declare a climate emergency on Thursday, but without much of the wording that could pressure the incoming European Commission into more short-term ambition.

The EU ETS will turn bearish for the early part of next year amid Brexit uncertainty and ample fuel-switching, with potential bullish political developments not due until later in 2020, ICIS analysts said on Thursday.

California Carbon Allowance (CCA) prices rose following the Q4 auction results as traders viewed utility Pacific Gas & Electric's return as a bullish prospect, while RGGI Allowances (RGAs) inched up on thin volume.

New Zealand carbon allowances on Thursday fell to their lowest levels since late August as many buyers scale down activity due to the NZ$25 fixed price option remaining in place for 2019 compliance.

Offset issuances in Australia remained below average levels this week, the sixth out of the last seven to award lower numbers of the units with just under 160,000 credits distributed.

EU carbon allowances are unlikely to re-test the €30 level anytime soon, analysts predict, with bearish factors including weak fundamentals, Brexit uncertainty, and a lack of new investors holding back prices.

South Korea will shut down 15 of its coal-fired power plants over the next three months in a bid to help prevent winter spikes in air pollution, the energy ministry said Thursday, a move that will likely also reduce CO2 emissions.

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

California regulator ARB granted more than 253,000 new offset credits across two protocols this week as issuances stayed low, while the agency reduced the invalidation period on nearly 1 mln credits, according to data released Wednesday.

Mexico published cap levels and sectoral breakdowns for the first two years of its pilot cap-and-trade programme on Wednesday, allowing the long-awaited trial phase to begin next year.

None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.

Germany’s Ursula von der Leyen vowed to provide rapid but just climate ambition on Wednesday after the EU Parliament gave final approval for her new five-year European Commission to take office from Dec. 1.

EUA prices climbed back towards €25 on Wednesday, rising amid supportive technical signals, an pause in new supply, and the confirmation of a new European Commission promising greater climate ambition.