Carbon Pulse

Emissions covered under the EU ETS likely fell by a record amount in 2020, according to a poll of 10 analysts, as the pandemic and subsequent government-imposed lockdowns slashed power generation and industrial output while wreaking havoc on the European economy.

Massachusetts sold all Global Warming Solutions Act (GWSA) carbon allowances on offer at its March auction, but the second sale of 2021 allowances regressed to an all-time low clearing price for the power sector cap-and-trade programme, market participants told Carbon Pulse.

EUAs lost nearly 2% on Tuesday, falling back further from the previous session's record high amid weaker energy markets and profit-taking, and despite resolute bullish sentiment.

California electricity demand appears to be skewing back to historic levels, though consumption remained stunted over the first two months of 2021 amid more COVID-19 restrictions, according to California Independent System Operator (CAISO) data.

ETS-covered emissions from Germany-based utility RWE dropped 23% last year, as higher carbon prices reduced the profitability of the company's coal-based units, it said in its full-year results on Tuesday.

A sustainability consulting firm is aiming to transfer another California Carbon Offset (CCO) project into the state’s Low Carbon Fuel Standard (LCFS) for a negative carbon, electricity-based pathway, according to documents published Monday.

An executive from a US-based environmental services company has joined a North American offset project developer and advisory firm, Carbon Pule has learned.

South Korea’s environment ministry on Tuesday announced several rule changes to its emissions trading scheme, including removing the distinction between offsets generated at home and abroad for compliance use.

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

Switzerland has successfully auctioned its remaining stock of Phase 2 carbon allowances, the government announced Monday, with the price clearing at a record high.

Voluntary carbon market (VCM) prices gained this week on continued strong demand in the spot market, though traders and retailers think more substantial price increases for voluntary emission reductions (VERs) may be a ways off.

A Houston-based environmental commodity firm has hired a former official for the Northeast US RGGI cap-and-trade programme as a market analyst, Carbon Pulse has learned.

European carbon prices hit a record high for the fifth day in a row on Monday, but then lost ground amid a less supportive energy complex.

RGGI will cut nearly 16% of this year's CO2 budget under the power sector cap-and-trade scheme as it accounts for the pre-2021 allowances surplus, with the adjustment leading to slightly smaller upcoming auctions, data released Monday showed.

Verra’s Innovation team is looking for a Senior Program Officer to support our work to foster climate impact and generate related environmental and social benefits through the VCS Program and other emerging standards, tools and programs.

Some 31 out of 52 EU ETS-covered industries will face the maximum possible tightening of their free allocation benchmarks over the next five years, according to EU rules adopted late Friday that give 12 sectors an easier ride compared to earlier drafts, with green groups and even some industry players flagging concerns that the system does not align with the goals set by the European Green Deal.

Emergent, a non-profit intermediary between forest countries and the private sector, is looking for a director for its fund control and reporting group. The role holder will be charged with operationalizing and continuously improving Emergent’s fund control and reporting arrangements.

Candidate to provide support in purchasing & sourcing carbon credits, to develop and expand carbon credits portfolio for the company by working with international project partners. and to provide market update of project host countries to the team internally.

Reporting to the Director General (CEO) of the COP26 unit, the post holder will be responsible for the ongoing development and delivery of the COP26 strategy for the UK 2021 presidency. Ensuring that the presidency has a coherent plan for delivering success during the planning and preparation for the summit, the successful candidate will oversee a team of officials and be responsive to the rapidly evolving international political, economic, social, environmental and technological contexts of COP26.

South Pole’s head of climate strategy for the Oceania region has left the company to take up a position as director for commercial development at one of Australia’s other major offset developers.