Carbon Pulse

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

Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.

A federal court granted California and WCI, Inc. a filing extension on Monday in a US Department of Justice (DOJ) lawsuit challenging the Golden State’s cap-and-trade linkage with Quebec, pushing the timeline of the case well into President-elect Joe Biden’s tenure. 

Massachusetts sold all 1.6 million allowances for its in-state Global Warming Solutions Act (GWSA) cap-and-trade programme last month, with permit prices in the power sector scheme continuing to slide downward, according to an auction report.

EUAs dropped below €33 on Tuesday, giving back much of the previous session's record-setting gains after breaching technical support and amid pressure from weaker energy prices.

E3G is looking to recruit two roles to support the UK COP26 Presidency Energy Transition Council. The roles will also provide practical support and expertise to E3G’s broader efforts on energy transition, working with governments, civil society, philanthropy, and the private sector.

US biofuel credit (RIN) prices under the Renewable Fuel Standard (RFS) set a fresh three-year high this week on a lack of sellers and as a federal administration under President-elect Joe Biden (D) gets set to take office later this month.

The Northeast US RGGI carbon market will offer 23.5 million allowances at the March auction with the inclusion of Virginia this year, while the quarterly sale will also include the supply-curbing Emissions Containment Reserve (ECR) for the first time. 

Virginia opened RGGI compliance accounts for regulated parties this week as the state entered the regional power sector cap-and-trade programme on Jan. 1, according CO2 Allowance Tracking System (COATS) data.

China on Tuesday published final regulations for its national CO2 emissions trading scheme, meaning the market will be formally in operation from Feb. 1 despite technical issues with the registry and trading platform.

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

EUAs hit a new all-time high on Monday as cold weather prospects lifted the energy complex and allowance supply curbs continue to drive bullish sentiment, while data showed a significant 10-20% drop in investors and other financial market participants.

The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.

Massachusetts will follow California’s lead in phasing out sales of new gas-powered light-duty vehicles by 2035, as well as implementing a regional low-carbon fuel standard (LCFS) to operate alongside the Transportation & Climate Initiative (TCI) carbon market, Governor Charlie Baker’s (R) administration announced last week.

ENGIE's European Affairs Department is seeking a European Affairs Policy Advisor.

#SustainablePublicAffairs is looking for a highly motivated young professional to join its fast-growing team.

The European Climate Law, industrial policy, and green shipping are three priorities of the six-month Portuguese EU Council presidency that took over on Jan. 1, putting the bloc’s climate files high on the agenda.

To support the expansion of ENGIE Impact in the EMEAI region, and bring the highest standard of consulting services to its clients, ENGIE Impact looks for a Strategy and Energy Markets Analyst based in Brussels.

Verra is looking for a Director, Sustainable Development Programs to oversee the strategy, direction and evolution of Verra’s sustainable development (SD) programs, which currently include the Community & Biodiversity (CCB) Standards, the Sustainable Development Verified Impact Standard (SD VISta), the Plastic Waste Reduction Standard and the Sustainable Development Contributions Report.

Verra is looking for a Manager, Technology Innovations, to lead our work in assessing potential opportunities and designing pathways and systems to take advantage of remote sensing (RS), artificial intelligence (AI)/machine learning (ML), distributed ledgers (DL) and other established and emerging technologies, in Verra standards, tools, programs, and registry, especially as they relate to natural climate solutions (NCS).