Carbon Pulse

New Zealand on Thursday adopted legislation that obligates it to cut biological methane emissions 24-47% below 2017 levels by mid-century and cut all other greenhouse gases to zero by 2050.

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

Two more installations have picked up EU ETS-related fines by the UK government.

Quebec's WCI-regulated emissions saw meagre year-on-year growth in 2018, as reductions in the electricity sector minimised gains seen from transportation, according to data released by the environmental ministry this week.

Transportation and Climate Initiative (TCI) stakeholders and observers remain split on where to assign compliance obligations and whether to regulate biofuels under the potential cap-and-invest programme in the US Northeast and Mid-Atlantic regions, according to public comments.

California emitters fully complied with surrendering compliance instruments against 30% of their 2018 GHG output at the state's Nov. 1 interim cap-and-trade deadline, ARB officials said.

RGGI allowance (RGA) prices rose early on Wednesday as market participants took a bullish view of Democrats securing a majority in Virginia’s legislature late Tuesday, a feat that could allow the state to join the regional ETS in 2021.

China is likely to opt for the softer range of the proposed emission benchmarks for coal-fired power plants set to be brought into the national cap-and-trade programme next year as power companies baulk at the most ambitious options, according to observers.

EUA prices sank early on Wednesday, again returning towards the €25 mark following a bumper auction and signs that the European economy is barely responding to recent stimulus efforts.

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

Virginia Democrats won a majority in the state legislature on Tuesday, potentially allowing the state to join the Northeast US ETS in the coming years.

The UN’s CORSIA aviation offsetting scheme is just over a year away from entering into force, but a myriad of major supply-related concerns is clouding the horizon for airlines and investors, not least the fact that it remains unclear exactly which credits will be eligible.

Most airlines already seek out bargain basement carbon credits for their passenger offset programmes and are likely to be even less picky once CORSIA obligations start, a conference heard on Tuesday.

New financial entities have maintained their long position in California Carbon Allowances (CCAs), even as uncertainty rankled the cap-and-trade programme after the US Department of Justice challenged the state's ETS linkage with WCI partner Quebec, according to US Commodity Futures Trading Commission (CFTC) data.

EUAs dipped slightly on Tuesday in relatively calm trade that kept carbon pinned between technical boundaries, as the market searched for clear direction.

Participating governments in the EU ETS will auction more than 5.7 million spot aviation allowances next year, sale host EEX announced late Tuesday, revealing the dates for the eight auctions.

The successful candidate will work within our multidisciplinary team providing project management and project delivery support to ERM clients on a range of issues related to energy and climate change.

Biofuel credit prices under the US Renewable Fuel Standard (RFS) fell in recent days to near the 10-cent mark, as bearish sentiment continued to grip the market.

The World Bank’s Pilot Auction Facility (PAF) will hold a fourth auction next year to buy methane emission reduction credits from projects in the developing world, the bank said Tuesday.

The Climate Finance and Carbon Markets (CFCM) Associate will support the Head in the climate finance business development and the delivery of climate finance projects for European Bank for Reconstruction and Development in its London office.