Carbon Pulse

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

The UK will update its Paris Agreement pledge early next year and is seeking the EU to follow in step or slightly later in encouraging other nations to act, UK climate minister Ian Duncan said Friday.

Front-year EU carbon futures are likely to expire near €25 or €30 in mid-December, based on signals from the EUA options market, according to a veteran trader.

Competitors' bankruptcy proposal for Pacific Gas & Electric (PG&E) would funnel nearly $29 billion through two stock offerings to help cover the embattled California utility’s wildfire liabilities, according to a filing by bondholders and fire victims on Thursday.

Analysts expect EU carbon prices to climb sharply over the next few years but to then fall back as demand from industrial emitters eases as factories invest in cleaner production methods, a conference heard on Thursday.

The Wong family of Peru amassed a fortune building up a chain of supermarkets, but much of their wealth today is in real estate – including the 220,000-hectare (543,400-acre) Madeacre forestry concession that family’s late patriarch, Erasmo Wong, cobbled together in the province of Tahuamanu.

European carbon prices fell back on Friday on a weak auction result and amid pessimism that the Brexit deal agreed this week between Britain and the EU would pass UK parliament, with bearish implications for EUAs in most outcomes.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

With more than 5 million carbon credits sitting in the national offset registry, Australian developers are likely able to meet demand for the 2019-20 financial year, but the market could tighten considerably as issuance volume might shrink next year while government demand has yet to peak, Clean Energy Regulator data showed Friday.

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

An erosion of Canadian voter support for the incumbent Liberals and poll-leading opposition Conservatives may open a range of minority government possibilities ahead of the national election on Monday, the outcome of which will have a significant impact on the country's federal and provincial climate policies and environmental markets.

European carbon prices hit a fresh three-week high on Thursday on news that a Brexit deal had been clinched between the UK and EU.

California Carbon Allowances (CCAs) reversed their recent downward trend as option activity and spread trading spurred higher prices this week, while RGGI allowance (RGAs) declined on thin volume on the secondary market.

New York City is currently undertaking an interagency process of determining offset rules in accordance with the Big Apple’s recent climate bill and separate net zero emissions goal, though it remains to be seen how those credits might square with the state legislature’s carbon neutrality bill passed earlier this year.

The EU ETS is suffering from a lack of information that is making it difficult to assess participant behaviour, though the market’s fundamentals make it “ripe” for new investors, a veteran analyst has said.

Europe’s carbon market is designed to easily accommodate an increase in climate ambition should lawmakers agree to scale up the bloc’s emission goals, a European Commission official said on Thursday.

As part of the Corporate Risks and Opportunities team within the Advisory & Data Unit, you will focus on the delivery of high quality consultancy advice on climate change mitigation solutions to the corporate sector, and be responsible for the management of project teams.

As part of the Key Account Management team you will be responsible for new business development at South Pole in the aviation and shipping sectors globally, focusing on compliance and voluntary carbon market offerings.

Trading in EU carbon has become “very tricky” this year compared to last due to Brexit and a reversal in short-term fundamentals, according to one of the market’s most prominent long-term bulls, who predicts prices will top €100 early next decade.

Russia has dropped plans to potentially set up an ETS for major emitters, local media reported Thursday, electing instead to merely measure their carbon output.