Carbon Pulse

Four US jurisdictions unveiled a draft Model Rule for the Transportation & Climate Initiative (TCI) cap-and-trade programme on Monday to regulate on-road diesel and gasoline emissions, with the proposal including several mechanisms from the RGGI carbon market.

The US and other countries will need to shift from emissions reduction planning to tangible policies and regulatory structures to drive those GHG cuts, panelists said at CERAWeek by IHS Markit.

Voluntary emission reduction (VER) values trended higher this week as the first Global Emissions Offset (GEO) futures contracts transacted on Monday, while elevated interest in North American forestry and other project types provided a further boost.

EUS eased further on Monday, defying stronger energy and equity markets as analysts struck a more measured tone to the bullish projections of recent weeks.

A Utah-based power plant that supplies electricity to California cap-and-trade emitters will be part of a study evaluating the cost effectiveness and efficiency of hydrogen energy storage, two companies announced Monday.

Nepal has signed a deal with the World Bank-led Forest Carbon Partnership Facility (FCPF) to lower emissions from deforestation and forest degradation, the country announced Friday.

The EU should maintain its supply-adjusting MSR rate through 2030 and revise rules for cancelling surplus carbon market allowances, three of the EU’s most climate-ambitious nations have urged.

To strengthen Agora Energiewende's team, we are seeking a Project Lead for European Hydrogen Policy and the European Energy Transition based in Brussels.

Our Parks & Environment Department is seeking a Program Manager, Climate Policy who will lead Metro Vancouver’s climate action policy and planning function with a focus on the development and implementation of Climate 2050, Metro Vancouver’s regional climate action strategy. 

China’s State Grid Corp. released a ‘carbon peaking and carbon neutral’ action plan on Monday, outlining a raft of measures it will take over the next few years, including making sure the national ETS can have a bigger impact on electricity emissions.

Australia’s Clean Energy Regulator has issued well over half a million carbon credits over the past week but revoked two projects, while the government on Monday launched its A$50 million ($39 mln) carbon capture development fund.

GOK requires a technical finance adviser to continue to lead the establishment of a new Climate Finance Division and provide strategic guidance to the division and develop a strategic approach to accessing multilateral funds for climate finance.

Trading in China’s national carbon market is slated to start in late June, the ecology and environment ministry has said.

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

California cap-and-trade regulated entities and speculators kept positions largely unchanged on the secondary market over the past week as they waited for the results of the first WCI auction of the year, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs lost almost a euro on Friday to end the week near-flat, weighed by weakness across wider financial markets and testing the resolve of bulls seeking a rapid return to records levels above €40.

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 related to the national social cost of carbon (SCC), Pennsylvania, Massachusetts, and California.

Responsible for providing regulatory affairs support through assessing the impact of the changing regulatory environment on the business, carrying out specific pieces of research on regulatory developments, coordinating briefings, managing information holdings and managing relationships, especially with regulatory bodies and institutions.

A leading ozone-depleting substance (ODS) developer has opposed the expansion of California's compliance offset protocol, while many stakeholders backed a task force’s recommendations to reduce the invalidation period for credits and enable cap-and-trade emitters to transact their unused utilisation limits, according to public comments.

Within our Water and Environment business our Carbon and Energy team advises clients on the challenges and opportunities regarding climate change and sustainability issues including; decentralised, decarbonised generation and energy transition, as well as carbon accounting, policy and regulatory support.