Carbon Pulse

Organization (Name/Acronym/Homepage): First Climate Markets AG Position (Title/Department/Project): Expert Renewable Energies (m/f/x) with main focus on PPA

Norway and the UN’s International Maritime Organisation (IMO) announced a joint project on Monday to help the shipping industry cut emissions by at least 50% from 2008 levels by 2050.

Canada’s existing GHG reduction goal under its proposed Clean Fuel Standard (CFS) will likely fall short of lowering emissions from its baseline level, a conference heard on Monday.

EUAs crumpled below €25 in the final hour of Monday after breaching technical support as investors were rattled by the heightened US-China trade dispute.

The New Hampshire House of Representatives approved a bill last week that would install the northeast US RGGI cap-and-trade programme’s post-2020 Model Rule, pending final governor approval.

BP’s Group Safety & Operational Risk (S&OR) is at the forefront of that change. With air quality also a growing global issue, BP needs to understand the requirements, the risks and the opportunities that could present. This role is key to S&OR meeting the increase in carbon and air quality activity internally and externally, providing leadership, support, guidance and strategic thinking.

The Laos government is seeking an international consultant to join its REDD+ Readiness Preparation project.

UN Habitat is looking for an evaluator to contribute to a mid-term evaluation of accelerating climate action through the promotion of urban low emission development strategies.

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

EUAs continued to slip on Friday to give back most of the week’s gains as prices crashed through technical supports, natural gas prices turned south, and auction demand continued to weaken.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including New York adopting regulations to eliminate coal power next year, California’s governor proposing a study to limit fossil fuel supply, and Washington’s governor endorsing a suite of climate policies.

California Carbon Offset (CCO) prices are continuing to lag behind the recent bull run in the California Carbon Allowance (CCA) market, but some believe that trend could change if permit prices keep outpacing historic norms.

German utility EnBW advanced its hedging rates over Q1 2019 to maintain its stance of having a larger share of its expected output hedged than a year earlier, giving a slightly bearish signal for EUAs.

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

European nations should form a “coalition of the willing” to expand carbon pricing beyond EU ETS sectors, German Chancellor Angela Merkel said Thursday, bolstering the prospects for intergovernmental emissions trade in sectors such as buildings and transport.

We must take advantage of natural climate solutions if we are to avoid the worst effects of climate change. Yet setbacks – such as an incomplete Paris Rulebook – have raised concerns amongst stakeholders, worried that without UN guidance on carbon markets, they cannot confidently scale up the required policies and programs. The Nature Conservancy has released a new guide that highlights why many are already taking action to make use of markets in funding NCS, and how businesses can thoughtfully take similar steps today amidst a developing regulatory landscape.

Australia’s opposition Labor party on Friday released its budget plan should it win the May 18 election, with numbers showing that the planned July auction for the Emissions Reduction Fund likely would be cancelled, but with funds set aside to develop new methodologies.

South Korea on Friday announced it has chosen two government-owned policy banks to play the role as market makers in the nation’s emissions trading scheme in a bid to boost market liquidity.

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

California Carbon Allowance (CCA) prices dipped on the secondary market after the May auction bid guarantee deadline passed last week, while RGGI allowances (RGAs) saw an incremental price uptick amid increased buying.