Carbon Pulse

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

As corporates across Canada adjust to new federal and provincial carbon regulations, energy efficiency providers are fine-tuning their products and to serve the low-carbon economy. From low-hanging fruit to futuristic devices, there is no shortage of options to reduce greenhouse gas emissions.

The Washington state legislature on Monday approved a bill to move the Evergreen State to a 100% carbon-free electric grid by 2045 and align the policy with a possible cap-and-trade programme, as Nevada’s governor signed off on doubling the state’s Renewable Portfolio Standard (RPS).

EUAs rose to within reach of this month’s 11-year high on Tuesday, resuming their upward course following the Easter break’s jump in oil prices.

Non-EU nations Norway, Iceland, and Liechtenstein will begin auctioning EU carbon allowances in June, the European Commission announced late on Tuesday, cueing up the long-delayed sales after the formal requirements were fulfilled.

The Canadian federal government’s plan to implement fuel-specific electricity benchmarks under its ‘backstop’ output-based pricing system (OBPS) will weaken the true carbon cost of coal-fired generation and diminish incentives for investing in renewable energy, according to a new study released Tuesday.

UK metals firm Liberty House is set to substantially increase its EU ETS footprint after Brussels cleared its purchase of ArcelorMittal steelmaking facilities that were allocated millions more EUAs than they needed.

Australia’s opposition Labor party on Tuesday announced a plan to spend A$1.5 billion ($1.07 bln) on natural gas extraction projects that critics say would balloon carbon output despite the government running on a platform to strengthen the nation’s emissions targets.

A technical analyst to join our newly established energy analytics team in Singapore, covering price developments in electricity, natural gas, coal, carbon and crude oil markets.

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

The Green Growth Knowledge Platform (GGKP) is looking for a Green Growth and Natural Capital Research Consultant to provide substantive and programmatic support to the GGKP research programme and, particularly, the Natural Capital Expert Working Group. 

The Manager of the Climate Finance Tracking workstream is responsible for the development and management of new and existing initiatives, projects, products and analytical approaches related to climate finance tracking and measuring progress toward a zero carbon and climate resilient transition.

Center for Resource Solutions (CRS) is seeking an experienced candidate to manage CRS state policy outreach and contribute to our international policy and technical assistance team. This position will play a key role in supporting the organization’s goals of advancing the growth of renewable energy in the U.S. and internationally.

Environmental group The Nature Conservancy (TNC) will acquire a southeast US forestry project that has already generated several million California Carbon Offsets (CCOs) through the WCI cap-and-trade programme, with the organisation accumulating a majority of those credits in the process.

The New Jersey Board of Public Utilities (BPU) awarded zero emissions certificates (ZECs) last week to three nuclear plant reactors, bolstering the renewable energy source ahead of the state’s entry into the northeast US RGGI carbon market in 2020.

Virginia’s Air Pollution Control Board approved a final cap-and-trade regulation from the state’s Department of Environmental Quality on Friday, bringing the state closer to joining the northeast US RGGI carbon market in Jan. 2020.

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

There is growing scepticism amongst analysts that Germany will agree to cancel a sufficient number of EU carbon allowances, if any at all, to offset the emissions impact of phasing out its fleet of coal-fired power plants.

The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City's climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).