Carbon Pulse

California Carbon Allowance (CCA) values will rise off the WCI auction reserve price in the first half of the decade, with the state’s Low Carbon Fuel Standard (LCFS) and COVID-19 pandemic playing a critical role in the linked cap-and-trade programme’s future supply-demand balance, a conference heard Monday.

Emitters slashed their California Carbon Allowance (CCA) position last week ahead of the Nov. 17 WCI auction and as prices increased on the secondary market, while speculators kept their holdings nearly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Monday.

California’s cap-and-trade programme should play a central role in the state reaching its carbon neutrality goal, with more stringent CO2 allowance budgets necessary to hit this long-term abatement target, business group IETA said in a report published Monday.

The Quebec government on Monday announced that it will phase out the sale of gasoline-powered new vehicles on the same timeline as WCI partner California, as the province’s environment ministry handed out more than 4 mln additional V19 permits.

Traders anticipate the California-Quebec cap-and-trade auction on Tuesday will sell out after the last two consecutive sales went undersubscribed, with the current vintage price expected to settle at a discount to the secondary market.

Fern is looking for a Brussels-based Forest and climate campaigner to lead the NGO's work on forest biomass for energy.

Two Pacific Island nations urged the UN to advance carbon pricing plans for shipping on Monday, as nations were poised to endorse a global maritime deal that would allow the sector’s emissions to rise for another decade.

US biofuel credit (RIN) prices fell to a one-week low on Monday after EPA Administrator Andrew Wheeler suggested credit values were “out of control” and as market participants wait for details on next year’s Renewable Fuel Standard (RFS) biofuel quotas and pending compliance waiver applications.

Recent carbon neutrality and net zero pledges by some of the world’s most industrialised nations could render the EU’s proposed carbon border adjustment mechanism (CBAM) "less" necessary, the European Commission’s climate chief said Monday.

EU carbon prices spiked to a six-week high on Monday on the second major announcement of positive COVID-19 vaccine results in the past week.

Switzerland’s emissions trading registry will close for the holidays, effectively shutting down the country’s carbon market for almost a fortnight.

New Zealand carbon allowances notched their second consecutive session of all-time highs on Monday, as a lack of available supply and expectations that the market will move higher keep pushing prices up.

PF Olsen is looking for an ETS specialist for its consulting team.

Ekos Kamahi is looking for a carbon forestry consultant/senior consultant.

Work with a team to develop new soil carbon projects, execute project management outcomes for optimal soil carbon sequestration, provide a high level of ongoing service to farmers and other landowners, as well as collect and maintain data according to best practice procedures.

This role will have dual responsibility of securing new carbon projects and building a pipeline of environmental projects across Queensland.

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

Researchers in Australia say they have created an improved model to predict the future price of carbon allowances in the EU ETS and to use that data to guide corporate decarbonisation investment decisions.

California’s Compliance Offset Protocol Task Force (OPTF) may require more time to address public comments and craft its final report designed to spur carbon credit generation and future protocols, while the group looks to address concerns about committee members who may financially benefit from its recommendations.

EUAs climbed back above €26 after an early slip to a one-week low on Friday, notching a small weekly gain as optimism about a COVID-19 vaccine boosted sentiment even as Brexit doubts remain.