Carbon Pulse

EU decision-makers will begin late on Monday the first round of negotiations of the European Climate Law, sources told Carbon Pulse, with talks expected to conclude in the first quarter of next year.

A Northeast US trading firm opened a RGGI CO2 Allowance Tracking System (COATS) account this week as speculators continue to flock to the power sector cap-and-trade scheme with allowance prices at four-year highs.

UN officials are considering ways of temporarily maintaining the CDM into 2021, aiming to avert killing off the offset mechanism before countries decide whether it can transition into the Paris Agreement era.

Major emitters in Western Australia won’t face mandatory offsetting or other GHG requirements under the state’s long-awaited climate policy package released Monday, but the government did announce a modest carbon farming and land restoration programme.

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The UK Foreign, Commonwealth and Development Office is offering a role for someone to take a leading role in shaping UK energy, environment and climate change engagement with South West China.

The distribution of free EU carbon allowances for 2021 will be delayed until at least Q2 next year due to the protracted process to set ETS emissions benchmarks and calculate allocation quotas, the European Commission confirmed on Friday.

The EU and Switzerland has published the ETS allowance transfer window schedule for 2021, providing 29 one-day opportunities for units to flow between the linked carbon markets.

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EUAs reached a fresh two-month high on Friday before easing back for a robust 5.2% weekly gain as fears about an extended auction-free period continued to drive bullish sentiment.

Industry groups and NGOs alike agree that expanding the scope of the EU ETS to include vehicles and the bloc's building stock will be a "risky" move, according to responses to the European Commission's consultation to review the legislation underpinning the system.

Organization: Climate Analytics Inc. Position: Project Manager Duty Station: Berlin, Germany Deadline for Application: 10 December 2020

The last week has seen a couple of significant changes to the predicted supply schedule for the start of EU ETS Phase 4, and while they may not be big game-changers in the long term (overall supply in 2021 won’t be affected), they do have the potential to change the market dynamic in the first quarter at the very least.

Organization: CAN Europe Position: International Climate Policy Coordinator Duty Station: Europe Deadline for Application: 11 December 2020

The Netherlands has set the rate at which its carbon tax on EU ETS-covered heavy industries will apply next year, a government agency said Friday, using a measure slightly below current benchmark prices.

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

Colombia has submitted an upgraded NDC of a 51% emissions reduction target by 2030, President Ivan Duque said late on Thursday, potentially representing a significant raising of ambition.

South Korea will increase its 2030 climate target before the administration’s term ends in May 2022, President Moon Jae-in said Friday.

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