Carbon Pulse

Traders took a more bullish view of the RGGI market on Tuesday ahead of the presidential election, as California Carbon Allowance (CCA) prices remained more muted on the secondary market.

ICE Futures Europe, Europe’s main emissions trading exchange, on Tuesday announced measures to prepare for transactions involving carbon allowances from Phase 4 of the EU ETS (2021-30).

The EU’s Balkan and Eastern European neighbours will need to establish their own carbon markets with a view to fully participating in the bloc’s ETS in the future and integrating their power and gas markets to effectively cut emissions, a preliminary study said.

Germany's energy-related CO2 emissions are set to notch a large annual drop for the third straight year, according to researchers, as the coronavirus pandemic slashes the sector’s emissions by more than 10% compared to 2019.

EUAs rose on Tuesday as wider markets continued to rebound from last week's COVID-related declines, breaking above a key technical level following another strong auction further as traders kept a cautious eye on today's US election.

Offset trading in China’s national ETS could hit 250-500 million units in the market’s first year once the government finalises rules and begins issuing new credits, according to traders and analysts.

Ocean Conservancy’s climate program is expanding. The senior manager will help build, shape, and execute its work, which will include creating and implementing climate and ocean-climate initiatives and increasing demand for action.

With the expansion of the Carbon Pricing Unit we are currently seeking a Senior Officer to be the Program Manager primarily for the design phase of the DAPA Program. This will require leading the in- country implementation of the programs across at least 2 countries, likely more.

The Grantham Research Institute on Climate Change and the Environment at the London School of Economics is pleased to invite applications to the above post.

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

Higher Massachusetts emissions in the third quarter pushed several electricity generators above their annual Global Warming Solutions Act (GWSA) CO2 limits, potentially reducing the in-state cap-and-trade programme’s surplus, according to RGGI CO2 Allowance Tracking System (COATS) data.

New Mexico’s Interagency Climate Change Task Force identified the development of an economy-wide carbon market as a priority area for stakeholder engagement in 2021, according to a report published Friday.

EUAs touched a new four-month low below €23 on Monday but rebounded as better-than-expected industry data and a stronger auction helped boost sentiment battered by new COVID lockdowns.

We are now looking for a strategic and dynamic leader with the ability to lead and manage the delivery of this complex, innovative programme, which links to wider energy and decarbonisation policies. As Director of this programme you will join the Senior Leadership Team at a critical time as we develop and implement plans to ensure the low-carbon economy plays a pivotal part in our green recovery.

The RGGI cap-and-trade programme reported a year-on-year rise in CO2 output during the third quarter, as hotter weather across the Northeast US coupled with more people working from home prompted heavier electricity demand.

This new post will bring added capacity and skills in an innovative and growing area of work for Scottish Forestry. It will lead the Woodland Carbon Code team’s promotional work, play a central role in the operational management of the Code and help build new initiatives to develop the carbon market and green investment more widely.

Responsible for internal and external fuel emissions figures reporting and to independently prepare regular internal and annual external audits regarding fuel usage for all DHL Aviation Latin America AOC holders. 

Three of China’s regional pilot emissions trading schemes have reported that they successfully completed 2019 compliance, though details were scant as in previous years.

Green Party co-leader James Shaw will continue as New Zealand’s climate change minister, keeping his place in Prime Minister Jacinda Ardern’s new cabinet that was announced Monday.

China’s Ministry for Ecology and Environment (MEE) on Monday released draft rules for its national ETS as well as registry and settlement regulations, a major step towards launching the market.