Carbon Pulse

Ireland’s centre-right government has unveiled a climate plan that includes increasing non-ETS carbon taxes to €80 from €20 per tonne by 2030 in an effort to avoid a hefty EU compliance bill.

New York Governor Andrew Cuomo (D) and the state legislature forged a compromise this weekend on an omnibus climate bill that now features weaker GHG targets, stronger zero-carbon electricity requirements, and softer language related to implementing an ETS or CO2 tax.

European carbon prices ended little changed on Monday despite early weakness on a bearish auction result, as EUAs face a full week of sales.

New Jersey on Monday approved its RGGI regulation with few changes from a prior draft, enabling the state to rejoin the northeast US power sector carbon market next year.

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China has for the first time laid out rules for carbon neutralising major events and activities, including defining which types of carbon credits would be eligible, a first step towards creating a voluntary GHG market in the world’s biggest-emitting nation.

EU leaders may strike a net zero 2050 emissions deal this week as several more nations including Germany backed the move that would also advance work on upping the bloc’s 2030 target underpinning the ETS cap.

Lestari Capital is looking for a Head of Outreach to develop and maintain working relationships with Indonesia-based conservation projects.

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

California’s Independent Emissions Market Advisory Committee (IEMAC) at its Friday meeting outlined a potential metric methodology to determine the exact number of surplus allowances in the WCI-linked cap-and-trade programme, and it intends to ask state regulator ARB about the feasibility of that calculation.

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The Office of Climate Policy and Programs is seeking a Senior Policy Advisor. The ideal candidate has strong experience in project management and knowledge of climate policy; some experience in government, not for profit, or advocacy organizing; and is eager to learn how to leverage policy making to create opportunities and positive change for New Yorkers.

Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.

European carbon prices were flat on Friday, receiving little direction from fundamental or non-market influences ahead of an upcoming full auction week.

A California Independent Emissions Market Advisory Committee (IEMAC) member has resigned his post with the ETS monitor after taking a new position at the state’s Independent System Operator (CAISO), the chair of the committee said Friday.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including a New Jersey plan to get to 100% carbon-free energy, Nevada finalising legislation to coordinate GHG reduction policies, and Maine passing a state-level 'Green New Deal' and rejecting proposals related to a cross-border hydro line.

New Jersey will complete its cap-and-trade amendments for the northeast US RGGI programme this month, setting up Garden State entities to participate in the Mar. 2020 auction, according to the state's Energy Master Plan (EMP).

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with aviation's CORSIA scheme or which could find its way into the Paris Agreement era.

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