Carbon Pulse

Putting a price on greenhouse gases is the cheapest and most efficient method that legislators can employ to cut climate-warming emissions, according to new research backed by online retailer Amazon.

Quebec released two new draft offset protocols for its WCI-linked cap-and-trade system on Monday, as the environmental ministry intends to facilitate the adoption of additional protocols by shifting the credit programme regulatory text out of the emissions trading scheme.

Efforts to scale up the voluntary carbon market (VCM) could pose a “huge risk” for certifiers embedding gender equality practices into offset projects, experts said in light of International Women’s Day on Monday.

Organization: Commonwealth Secretariat Position: Adviser, Climate Change Duty Station: London, England, UK Deadline for Application: 11 March 2021

Organization: Stockholm Environment Institute (SEI) Position: Research Assistant, Fossil Fuels and Just Transitions Duty Station: Bogota, Distrito Especial, Colombia Deadline for Application: 10 March 2021

Organization: Sandbag Climate Campaign Position: Industrial Decarbonisation Analyst – paid internship Duty Station: Brussels, Belgium | Brussels or Paris or home-based Deadline for Application: 14 March 2021

Organization: Asian Development Bank Position: Climate Strategy/Policy Specialist Duty Station: Home-Based, Tajikistan Deadline for Application: 12 March 2021

Organization: Asian Development Bank Position: Experts Pool: Senior Climate Change Specialist Duty Station: Manila, Philippines Deadline for Application: 15 March 2021

Ukraine aims to become climate neutral no later than 2060, according to the country’s long-term economic strategy approved by Kyiv last week that brings forward the goal by 10 years.

New Zealand carbon allowances have stabilised a shade below NZ$39 ($27.93) in recent days, as traders show limited appetite to take major new positions ahead of next week’s inaugural auction.

This role sits within the Wholesale Markets team, which is responsible for setting the short-term operating strategy of generation assets, and managing risks associated with electricity, gas and carbon.

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

Green hydrogen costs are approaching a level where hydrogen-fuelled rail transport can be viable under existing post-pandemic recovery schemes with carbon pricing and other support given current price trends in the sector, bank analysts said in a report this week.

California Carbon Allowance (CCA) holdings for regulated entities declined last week as the February ICE contract expired, while speculators kept positions relatively stable following the first WCI auction of the year, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The Canadian environment ministry on Friday published draft regulations to implement its federal GHG offset system, with an aim to finalise the programme and publish the first protocols by the end of the year. 

EUAs climbed above €39 on Friday as better-than-expected US jobs data lifted energy markets, swinging carbon to a weekly gain of almost 5% and again within sight of its record levels.

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 developments around a national clean electricity standard, a Washington state low-carbon fuel standard (LCFS), and an Hawaiian carbon tax study.

RGGI’s first auction of 2021 set an all-time high this week, but the quarterly sale still shocked traders by clearing far below the secondary market pricing level, according to results published Friday.

*PREMIUM LISTING (viewable by non-subscribers) – The International Carbon Action Partnership (ICAP), an intergovernmental forum on emissions trading systems based in Berlin, is seeking to recruit a new Head of Secretariat. The selected candidate will be employed with the think tank and policy consultancy adelphi, which acts as host to the Secretariat. He/she will also play a leadership role in adelphi’s 14-analyst-strong carbon markets and pricing team.

Environmental firm Veolia took the lion’s share of this week’s carbon credit issuances in Australia, while the government is piloting a scheme that will offer farmers additional revenue for biodiversity gains achieved through carbon offset projects.