Carbon Pulse

California’s forestry offset protocol inflates the amount of emission reductions that have occurred due to inaccurate assumptions built into the methodology, an academic report published Tuesday has shown in findings disputed as flawed by the state’s carbon market regulator and project developers.

EUAs rose by more than a euro on Tuesday as prices reversed post-compliance losses amid higher gas prices, with traders predicting renewed supply tightness on expectations that industrials will hoard more of their newly-obtained allocations.

The Beijing municipal government has pushed back the annual compliance deadline for its emissions trading scheme by a month after partly shutting down the allowance registry for an upgrade.

German non-profit media organisation CORRECTIV has coordinated 35 newsrooms across Europe to open the lid on the €5 billion carousel fraud that shook the EU carbon market to its core nearly a decade ago, finding that tax authorities are still pursuing or have reached settlements with a number of major investment banks and brokers.

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

The world’s biggest steelmaker ArcelorMittal on Monday said it planned to cut its EU ETS-regulated output by up to 7% due to weaker demand, rising imports, and higher energy and carbon costs.

EU carbon prices inched higher on Monday on thin holiday trade that defied stronger gains in the energy complex, after last week’s losses left bulls more cautious.

A New York RGGI facility could face a carbon allowance penalty by the state’s Department of Environmental Conservation (DEC) if the agency declines to approve regulatory amendments that would exempt the unit, according to a consent agreement.

The Oregon Clean Fuels Program (OCFP) recorded its largest surplus of the year in the fourth quarter of 2018 as the total credit bank in the state’s low-carbon fuel standard exceeded 500,000 for the first time, state data revealed on Friday.

Oregon legislators are proposing to include a consignment-based allowance allocation system for natural gas companies and encouraging early-action offsets as they work to finalise the state’s WCI-modelled carbon market bill in the coming weeks, a state senator told Carbon Pulse.

Big-emitting countries could voluntarily agree to set a carbon price floor to guarantee minimum emission cuts while securing global competitiveness for industry, senior IMF officials have suggested.

UNEP DTU Partnership (UDP) is currently recruiting highly experienced and motivated senior advisors with strong backgrounds in sustainable development, climate policy, and carbon markets. 

Porter Gosling is acting as a recruitment agency for a highly respected organisation in climate finance supporting the transition to a low-carbon economy. You will provide advice and support to organisations to deliver their portfolios; identifying and assessing new and existing opportunities including renewable energy certificates, carbon credits and other relevant financial instruments.

The First Climate team is made up of a group of dynamic, energetic and highly creative individuals who source and develop carbon offset, renewable energy and water projects for governments and corporate clients. To complement this vibrant team, we are looking for a “Sourcing Manager” in South East Asia.

As a Consultant at Navigant (former Ecofys) in Utrecht you will work on several projects domestically and abroad. The themes you will work on are diverse and may vary from assessing the environmental performance of products and corporate value chains to conducting a scenario for a transition to a fully renewable global energy system.

The Senior Associate position represents a unique opportunity to support one of WRI’s high impact initiatives to increase the ambition of the private sector to reduce GHG emissions

RGGI remains willing to engage with Virginia about the state’s future participation in the northeast US carbon market after Governor Ralph Northam (D) approved a budget that complicates the state’s ability to join the regional programme.

Australia has issued more than 300,000 new carbon offsets over the past two weeks, but also revoked two projects that had failed to generate any credits, according to data from the Clean Energy Regulator.

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

EUAs clawed back above the €25 mark on Friday to limit losses for the week, as a reversal in slumping gas prices lent support amid a post-compliance lull.