Carbon Pulse

Australia’s Woodside Energy and Singapore-headquartered traders Trafigura on Monday announced their first involvements in fossil fuel shipments voluntarily backed by carbon credits.

EP Carbon, a technical consultancy and project developer, is seeking a technical director to join our growing AFOLU carbon practice.

EP Carbon, a technical consultancy and project developer, is seeking a Technical Manager to join our growing AFOLU carbon practice.

The Mitigation and Carbon Pricing Consultant will be part of a multidisciplinary Governance of Climate Change Finance team for Asia-Pacific reporting to the Governance and Public Finance Specialist who in turn reports to SDG Finance Advisor in the Bangkok Regional Hub.

The Head Of Climate Change will lead on climate change includes leadership of the department’s climate change policy, strategic direction and implementation, including TCFD. This will also include cross-government lead in areas of climate, for example COP26 and beyond, the implementation of TCFD, amongst other things.

Participants in New Zealand’s carbon market are expecting prices to trend higher this year, with this week’s start of allowance auctions heralding a new phase for the 13-year-old ETS.

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

California Carbon Allowance (CCA) speculators bolstered their holdings closer to pre-pandemic levels this week, while emitters cut their positions for a fifth consecutive week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Trilateral negotiations for the European Climate Law are showing progress but have so far not yielded major results, negotiators told Carbon Pulse late on Friday after another round of talks.

EU carbon prices broke their record high for a fourth straight day on Friday, nearing €43 as bullish sentiment holds and energy markets remain supportive.

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, Minnesota, Pennsylvania, and California.

The EU has received some 232 applications for €100 million in funding for small-scale projects under the ETS-financed Innovation Fund, the European Commission announced Friday, with energy-intensive industries making over half of the applicants.

A Western Australia forest regeneration project this week earned its first batch of carbon credits worth A$2.3 million ($1.8 mln) at current prices, while regulator data underlined voluntary buyers' preferences for foreign offsets and a hydrogen pilot project commenced operations.

*PREMIUM LISTING (viewable by non-subscribers) – The American Forest Foundation is hiring for 4 regional director positions. In the director role, you will make a meaningful contribution to addressing global climate change by helping us activate America’s family-owned forests as a measurable and verifiable natural climate solution.

*PREMIUM LISTING (viewable by non-subscribers) – The Sourcing Manager will originate and develop business relations globally with project owners, finance providers and technology providers that are implementing technical carbon dioxide removal projects, such as Direct Air Carbon Capture & Storage, Bioenergy Carbon Capture & Storage, Carbon Capture Utilisation & Storage with biogenic CO2 sources including CO2 mineralisation, and occasionally non-technical removal technologies such as biochar or certain soil carbon interventions.

The Regional Greenhouse Gas Initiative, Inc. (“RGGI, Inc.”) seeks to hire a Program Manager to be based in New York City.

The Director will help shape and lead Ocean Conservancy’s growing climate policy agenda by working to advance a suite of climate policy priorities, and collaborating across the organization to magnify and multiply the impact of climate work happening across Ocean Conservancy’s conservation programs.

The Institutional Investors Group on Climate Change (IIGCC) this week released the implementation guide for its net zero framework, building on the roadmap from the Science-Based Targets Initiative (SBTi) by intentionally downplaying the role of offsets to encourage absolute reductions over the long term.

All generators regulated under Massachusetts’ Global Warming Solutions Act (GWSA) power sector cap-and-trade programme complied at the Mar. 1 deadline for 2020 emissions, according to a state agency.

RGGI Allowance (RGA) prices dropped to a six-week low this week after the Q1 auction settled significantly below the secondary market level, while California Carbon Allowance (CCA) values remained stagnant as traders shifted positions along the curve.