Carbon Pulse

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

Verra is seeking two Registry Administrators to handle all day-to-day registry functions of the newly in-housed Verra Registry.

California diesel consumption eclipsed 2019 levels in November amid heavy port activity in the Golden State, while gasoline sales continued to languish during the COVID-19 pandemic, according to state data published Monday.

The free allocation of the first carbon allowances under the UK's new emissions trading scheme is being held up because the handouts depend on EU calculations, even though the systems are separate.

The US EPA on Monday said it now supports a federal court ruling last year that reined in the agency’s granting of compliance waivers under the Renewable Fuel Standard (RFS), a reversal of its stance from the previous administration.  

Pennsylvania’s Department of Environmental Protection (DEP) will continue to advance its RGGI-modelled cap-and-trade regulation this year despite a state committee last week recommending that the agency delay the finalisation by one year. 

Voluntary emissions reduction (VER) values remained firm this week on persistent demand, while traders and project developers assessed whether more California compliance offset projects may seek higher values in the voluntary carbon market (VCM) going forward. 

EUAs lifted 1.5% on Monday as a late surge briefly pushed prices above €38, reversing earlier losses after a breach of technical support failed to trigger further falls.

*PREMIUM LISTING (viewable by non-subscribers) – In this role, you will combine your trading experience, industry relationships and analytical skills as you work with other trading houses, carbon retailers and customers and manage risk across ClimatePartner’s voluntary carbon markets project portfolio.

This position is responsible for developing Environmental Market analysis for Shell Energy Europe and Environmental Products. The successful candidate will lead the production of high-quality analytics, targeted directly at producing commercial recommendations which add value to the trading bottom line.

The Low Carbon Trader will trade carbon emission credits within the Low Carbon Trading (LCT) Team and will be integral to the success of bp’s low energy transition. This trader will manage compliance and entrepreneurial positions, as well as be responsible for pricing and supporting the low carbon origination activity in Trading & Shipping.

Japanese oil and gas firm Inpex has agreed to buy 5 million carbon credits over a five-year period from the Rimba Raya REDD project in Indonesia, it said Monday.

A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.

Chevron will supply Singapore-based energy trader Pavilion with 500,000 tonnes of LNG annually from 2023, with each shipment accompanied by a statement on associated carbon emissions, in a bid to encourage voluntary offset trading.

The Removing and Storing carbon leader will be part of a newly created Removing and Storing Carbon program team that focuses on achieving the highest possible removal and storage of carbon for climate change mitigation in forestry and other land use.

The Senior Sustainability Consultant will be responsible for supporting the Company’s sustainability technology and product offering across Europe and will partner with a broad range of business to business customers to develop long term and innovative sustainability solutions which supports their Company strategy.

The Renewable Energy specialist, (PPA/On-Site solar) will assume responsibility for working with Europe wide business clients to assist with the implementation of Kinect’s on-site solar and  Power Purchase Agreement (PPA) strategies. 

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

The EU carbon market’s MSR urgently needs to be redesigned to use allowance prices rather than circulating volumes to manage supply, researchers argue, as the mechanism in its current form risks destabilising the ETS and undermines the bloc’s emissions reduction targets.

Speculators bolstered their California Carbon Allowance (CCA) holdings this week ahead of the first WCI auction of the year, as compliance entities kept their length mostly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.