Carbon Pulse

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

EU nations are divided over the role of gas and nuclear as ‘transition technologies’ in the production of hydrogen, Germany’s economy minister acknowledged on Monday following a ministerial meeting.

There is little risk that ships would make port calls in non-EU ports to evade compliance under an extended EU cap-and-trade system, according to an NGO report released on Monday.

Alberta Environment and Parks (AEP) withdrew the province’s conservation cropping protocol on Monday after a department review found the methodology no longer produces emissions reductions that are additional to business-as-usual practice.

Indonesia and Costa Rica last week inked agreements with the World Bank Forest Carbon Partnership Facility (FCPF) to reduce deforestation-related emissions, while the other tropical forest nations with outstanding arrangements will receive additional time to sign the deals seen as a possible base of international carbon trading.

A RGGI compliance entity is expected to outline an agreement later this week to settle past CO2 obligations under the Northeast US power sector cap-and-trade scheme for two facilities in ongoing bankruptcy proceedings, a lawyer involved in the case said.

EUA ended near record highs on Monday as bullish sentiment persists at the onset of an auction drought, with carbon also supported by energy and higher climate ambition from politicians.

UN officials agreed on Monday “temporary measures” intended to maintain the CDM into 2021 and serve as a stopgap until countries can decide whether the offset mechanism can transition into the Paris Agreement era.

The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.

Two project developers have secured more than two-thirds of the funds from the Queensland government Land Restoration Fund’s first investment round.

The UK will have its own ETS starting from January to replace the EU’s carbon market as the Brexit transition period comes to an end, the government confirmed Monday in a press release.

NZX has created a new role to head up and develop its new emissions trading platform.

Our Built Environment team is seeking an experienced carbon consultant to join our advisory team in London, although other locations may be considered, to help grow our net zero service offerings to new and existing clients particularly in the healthcare and higher education sectors.

President Xi Jinping announced new, tougher 2030 targets for China’s climate change policy, though the adjustments to its previous Paris Agreement pledge were modest and did not include an absolute cap on greenhouse gas emissions.

More than 70 world leaders are addressing the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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

Compliance entities increased their California Carbon Allowance (CCA) holdings this week, as speculators kept their positions firm amid rising secondary market prices, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Wisconsin should study the implementation of various carbon pricing and offset mechanisms, as well as a low-carbon fuel standard (LCFS) and measures to expand renewable fuel usage, according to a state climate report published this week.

This position will be part of the front-office Global Portfolio Management and Origination team (GPMO) within Pavilion Energy. Pavilion Energy has taken the decisive step to integrate its core businesses relating to LNG and gas trading and marketing with its sustainability values and our carbon neutral ambitions.

The European Commission detailed its expected MSR auction withdrawals and aviation allowance volumes for 2021 late on Friday, confirming an expected drop in both once the UK exits the scheme at year-end.