Carbon Pulse

EU regulators should not isolate an upcoming review of the EU carbon market’s potent MSR if they are still seeking to modify the bloc’s flagship climate policy instrument, a think-tank said this week.

Pennsylvania state lawmakers on Tuesday announced mostly GOP-led legislation to mandate the General Assembly's sign-off for linking with RGGI, possibly creating some roadblocks for Governor Tom Wolf’s (D) desire to join the Northeast US carbon market.

The Region of Peel recently approved its Climate Change Master Plan (CCMP). The CCMP has 5 key outcomes, the most important for this role is Reduce GHG emissions. The master plan sets ambitious targets of reducing GHG emission by 45% by 2030 against the 2010 baseline.

The director of non-governmental organisation and CO2 pricing consultancy Carbon Trust’s Mexico office will take on a new role at information provider IHS Markit, Carbon Pulse has learned.

European carbon prices hit a fresh six-week low early on Tuesday, but rebounded amid a strong auction while energy markets were mixed.

Low-cost carrier easyJet will become the first airline to offset the fuel emissions from all of its flights, it announced Tuesday as part of its annual results.

Australian oil and gas producer Woodside Energy on Tuesday announced an offset initiative that will see it eventually buy over 1 million carbon credits annually, though the programme only covers a minor share of the company’s rapidly growing GHG emissions.

Australia’s proposal to award some offset projects credits before emission reductions have taken place could create more problems than it solves and may fail to address fundamental risks, according to market participants.

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

California regulator ARB is probing a Michigan-based livestock offset project for failing to meet regulatory compliance during its WCI reporting periods, with more than 36,100 credits now under investigation, the agency announced Monday.

Market participants are anticipating the November WCI auction will settle underneath the secondary market price and Q3 sale result, as compliance entities and speculators continue to seek out discounts below stagnant California Carbon Allowance (CCA) values.

Vermont Governor Phil Scott (R) is holding out on committing to the design of a cap-and-invest programme for the fuel sector, despite the state’s involvement in the Transportation and Climate Initiative (TCI) design process for a regional ETS.

Implementing the previous Alberta NDP government’s carbon pricing regime and climate plan would not significantly harm the Canadian province’s economy, despite the current conservative-led administration claiming otherwise, an economist said in response to a report released Friday.

Switzerland’s carbon credit procurement agency Klik has launched a second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.

The EU’s buildings sector will be more quickly and effectively decarbonised under a European Green Deal than through inclusion in the bloc’s ETS, according to a trade group.

New financial entities are building length in California Carbon Allowances (CCAs) ahead of this week's WCI auction as prices have stabilised above $17.00, according to US Commodity Futures Trading Commission (CFTC) data.

South Pole is looking for an experienced climate change consultant to join its environmental markets team. In this role, you will be entirely focused on Greenhouse Gas (GHG) mitigation consultancy and project development, including project-based advisory and policy advisory.

As part of the Global Sourcing team within the Projects and Portfolio unit, you will primarily assist the Director of Sourcing Operations to ensure a smooth and eloquent operation of global project sourcing flows, processes, document handling, database management, as well as coordinating with different teams on various tasks and activities.

As part of the Projects and Portfolio Business Unit, you will support the International Sourcing Team with various tasks related to sourcing, business development, analysis, as well as dealing with negotiations, closing and especially contracting.

EUAs hit a five-week low early on Monday, extending Friday's bottom trade as weak energy markets helped push carbon clear of a key support level despite a stronger auction.