Carbon Pulse

The EU should be wary of introducing carbon offsets for agricultural and land-use projects as this could lead to an increase in global emissions in the long term, a NGO report released on Tuesday found.

EUA prices shot above €27 on Monday as wider markets lifted on virus vaccine news, with observers eyeing a looming carbon allowance auction drought as a trigger for further gains.

US President-elect Joe Biden (D) named former Secretary of State John Kerry (D) to a chief climate position in his administration on Monday, selecting a Paris Agreement veteran as the Democratic nominee seeks to immediately rejoin the pact next year.

Organization: UN Department of Economic and Social Affairs (UNDESA) Position: Director - Division for Sustainable Development Goals Duty Station: New York City, US Deadline for Application: 7 January 2021

Organization: UN Department of Economic and Social Affairs (UNDESA) Position: Director - Secretariat of the United Nations Forum on Forests (UNFF) Duty Station: New York City, US Deadline for Application: 24 December 2020

Organization: U.S. Agency for International Development (USAID) Position: Program Officer (Senior Advisor for Policy) Duty Station: Washington D.C., US Deadline for Application: 25 November 2020

Organization: Climate Analytics Inc. Position: Australia-Asia/Pacific Head of Office Duty Station: Perth, Western Australia, Australia Deadline for Application: 25 November 2020

Organization: CAN Europe Position: Climate Policy Coordinator Duty Station: Europe Deadline for Application: 4 December 2020

The European Commission is considering the introduction of a minimum carbon price as part of a wider consultation on the revision of the ETS, a senior official said Monday, although he added that the EU’s executive is “hesitant” about the policy.

Swedish state-owned miner LKAB on Monday set out a $46.5 billion plan to shift to emissions free production of iron ore for steelmaking, aiming to secure its future well beyond the country’s 2045 net zero emissions target.

California gasoline consumption dropped in September from the prior month, but the year-on-year trend inched closer to 2019 levels, according to federal data released this week.

The EU’s post-2020 Modernisation Fund will monetise 643.2 million carbon allowances over the next decade to help 10 lower-income member states decarbonise their economies, the European Commission announced Monday.

New York’s draft RGGI regulation to install post-2020 CO2 allowance budgets aligns with climate goals established under the Climate Leadership and Community Protection Act (CLCPA), state officials said, rebuking comments from legislators and environmental groups who criticised the proposed cap levels.

This role leads a high-quality team of modellers, economists and expert policy analysts whose work is central to the reputation of the Commission.

Green Energy Markets is looking for someone to help with building and maintaining its databases and models which track and forecast large-scale renewable energy projects such as wind and solar farms, the rooftop solar market, the broader electricity market and energy efficiency.

The first trades in China’s national emissions trading scheme are likely to take place early next year, an advisor to the government said over the weekend, meaning the country is likely to miss its 2020 target start date for the market, though compliance obligations are still set to be backdated to 2019.

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

Financial players cut their California Carbon Allowance (CCA) holdings before this week's WCI auction as prices dropped on the secondary market, while regulated entities kept their position roughly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs climbed to hit €27 on Friday, reversing some of the declines of the previous two sessions, with buyers inspired by a strong auction result as they braced for a potential Brexit deal and an extended period without auctions.

UN body ICAO's Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.