Carbon Pulse

China will likely eventually need to store as much as 800 MtCO2e annually in natural sinks to meet its goal of becoming carbon neutral before 2060, according to a key climate policy advisor to the government.

EU carbon prices declined on Tuesday, though the most bullish auction result in a week helped them stay buoyant.

South Korea's cabinet on Tuesday approved the final version of the 2021-25 ETS allocation plan, making late adjustments including tightening benchmarks for coal power plants while loosening them for LNG.

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

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Carbon has been labelled “a key commodity to watch” over the next decade as major investors seek to ‘green’ their portfolios.

IUCN has evolved into the world’s largest and most diverse environmental network. It harnesses the experience, resources and reach of its 1,300 Member organisations and the input of over 10,000 experts.

To this end, FAO is recruiting a Climate Change Specialist, to support the implementation and delivery of FAO’s Climate Change Thematic Program in Sri Lanka and Maldives. The post is based in the FAO Representation in Colombo, Sri Lanka.

California fuel consumption ramped up in June compared to prior months, but the COVID-19 pandemic continues to depress gasoline and diesel demand beneath historic levels, according to state data published Monday.

California Low Carbon Fuel Standard (LCFS) credit values remained steady last week despite Governor Gavin Newsom’s (D) executive order for the state to phase out the sale of new gas-powered cars by 2035.

EUAs jumped nearly 6% on Monday to reclaim last week's losses as wider markets swung to positive, with carbon further boosted by a bout of short-covering and speculative buying once prices broke above resistance.

Swedish oil firm Preem has withdrawn refinery expansion plans that would have created the country’s biggest EU ETS emitter, it said on Monday, diverting investments into biofuels instead.

The European Commission’s climate boss has defended the inclusion of natural sinks from the LULUCF sector in the EU 55% emissions reduction target plan, adding that early action would make the achievement of the bloc’s 2050 net zero goal more predictable.

California power sector emissions plummeted year-on-year during July even as electricity consumption began to return to historic levels from coronavirus-era lows, with the abatement likely helped by hydroelectric imports, according to California Independent System Operator (CAISO) data.

EU environment ministers will on Wednesday begin discussions over an upgraded 2030 emissions reduction target, taking the European Commission’s proposed minimum 55% goal recommendation as the basis for the negotiations, according to a leaked draft EU Council document seen by Carbon Pulse.

As a Methane Reductions Analyst, reporting to our Methane Program Director, you will join the Blue Source Methane team where your core focus will be to contribute to a variety of technical projects across our client and project portfolio.

South Korea’s greenhouse gas emissions fell 3.4% year-on-year in 2019, provisional government data showed Monday, with reductions in the power generation and heat sectors accounting for most of the drop.

The EU will look to establish transitional carbon pricing for new sectors before integrating them into the bloc's ETS in order to ensure market stability, according to Mauro Petriccione, the European Commission's top climate official.

Prime Minister Jacinda Ardern on Monday said she would try and extend the operation of Rio Tinto’s New Zealand aluminium smelter by 3-5 years, potentially a bullish signal for NZU prices as the plant is one of the biggest emitters in the nation’s emissions trading scheme.

The regulator is looking for an assistant manager to join the Economic Analysis section, which monitors, analyses, publishes data and provides insight on its schemes and domestic carbon markets trends.