Carbon Pulse

Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, the UN Environmental Programme (UNEP) said Monday.

Pacific Forest Trust’s small-yet-mighty, collaborative, creative, and product-oriented policy team requires a nimble staff member who can manage multiple and frequently competing priorities, and produce creatively under pressure—with grace and humor. The Policy Associate role is crucial to helping understand simply and tangibly the complex, often technical issues that confront forest landowners and stakeholders alike in our rapidly changing world.

The expert panel for UN body ICAO's CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme's pilot phase.

EUAs jumped to its highest level since May on Monday, climbing 2.8% as the lack of an auction and a public holiday across much of the continent quelled trade.

The EU should consider introducing measures to reveal the trading positions of participants in its ETS, a veteran market expert has said, warning that speculator holding limits similar to those seen in other carbon markets could be inevitable.

Embattled California utility Pacific Gas & Electric may reject power purchase agreements (PPAs) as it seeks to reorganise itself, and the Federal Energy Regulatory Commission (FERC) may not intervene on those decisions, a bankruptcy court ruled late Friday.

South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.

The Western Australia EPA on Monday began a new consultation round for its GHG guidelines, after being forced to withdraw a previous proposal that included an obligation for all major projects to offset their carbon emissions.

A California budget compromise would funnel the state's WCI cap-and-trade auction revenues to workforce training and safe drinking water programmes, potentially conflicting with a legislative counsel opinion that found carbon funds must be used to directly reduce emissions until 2021.

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We are looking for a market analyst to join our established energy analytics team in London (UK) or Karlsruhe (Germany).

The UK is bidding to host COP26 in Dec. 2020. As part of our preparations, as well as a growing need to influence UK climate change policy, the UK is developing a UK climate change strategy, covering international and domestic mitigation and adaptation. Defra has an important role to play in contributing to the strategy and shaping associated UK policy proposals and links to the wider environment agenda, and is creating nine new SEO roles in the Wildlife, International, Climate & Forestry Directorate.

EUAs clambered back above €24.50 on Friday, recovering to last week’s closing levels in rangebound trade aided by a bullish energy complex and a looming dip in auction supply.

A summary of legislative and regulatory action on carbon pricing and clean energy legislation at the US subnational and federal level taken this week, including a push to vote on New York’s omnibus climate policy bill, clean energy and GHG target developments in Maine, and news on California offset and hydropower bills.

EU carbon prices could be boosted by around a third by 2030 should the bloc decide to recalibrate its annual ETS emissions cap reduction rate to align with a more ambitious long-term climate goal, analysts said.

RGGI’s June auction aligned with traders’ expectations as it cleared under the secondary market for the first time since Mar. 2018, with speculators taking home the majority of allowances offered, according to results published Friday.

Pennsylvania’s Senate Democratic Leader is seeking co-sponsors for a bill to install a power sector cap-and-trade programme, a move that could give a legislative mandate for the Keystone State to join the northeast US RGGI carbon market in the future.

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

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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