Carbon Pulse

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

The US Department of Energy (DOE) has not delivered its recommendations on which small refiners should receive compliance waivers under the Renewable Fuels Standard (RFS) and the EPA is likely to grant those exemptions on a “rolling basis” once the agency has received them, Administrator Andrew Wheeler said Tuesday.

Swiss-headquartered commodity trading house Ezpada has hired a veteran options trader to help it expand its carbon desk.

An Oregon state senator introduced an amendment Monday to the proposed WCI-modelled carbon market bill that would nix the state’s low-carbon fuel standard (LCFS) to avoid overlapping emission reduction policies.

A Connecticut legislative committee will not review the state's revised RGGI cap-and-trade regulation until late May, meaning the post-2020 Model Rule changes of the northeast US ETS will not take effect until this summer, a state official confirmed to Carbon Pulse.

European carbon prices ended back above €22 on Tuesday on the back of technical buying and short-covering by speculators, and as coal prices continued to crater.

France will begin auctioning green certificates in September, host platform EEX-owned Powernext said Tuesday in confirmation of supply that many observers expect to weigh on prices this year.

Oil major Shell will terminate its relationship with a US trade organisation and found misalignment with nine other North American and European industry associations due to their position on climate change issues, according to a company report released Monday.

Australia’s A$2 billion ($1.42 bln) top-up of the Emissions Reduction Fund will be allocated over 15 years instead of 10 as previously announced, with less than 10% of that due over the next four years, government budget papers showed Tuesday.

Germany cut its greenhouse gas emissions by 4.2% in 2018, its government announced on Tuesday, recording a significant reduction after almost a decade of stagnation.

Australia’s industrial GHG emissions would rise 22% above 2005 levels by 2030 without reforms to the Safeguard Mechanism, analysts said Tuesday, though a potential new Labor government pushing such reforms might face an uphill battle in parliament should it try to legislate changes.

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

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.

The Adaptation Fund Secretariat is recruiting a Senior Climate Change Specialist to coordinate the Fund’s work on portfolio management and results including on concrete action and innovation.

Germany is examining extending carbon pricing to more sectors of its economy, national media reported on Monday in a move designed to meet the country's out-of-reach emission goals more cost-effectively.

Swiss carbon prices have recovered from their recent low, according to the country’s latest auction results, but they remain valued well below the EU Allowances towards which they are expected to converge as the two schemes prepare to link.

The Transportation and Climate Initiative (TCI) will hold its first public stakeholder meeting in April and a subsequent workshop in May after spending the first quarter of 2019 having internal discussions about the proposed carbon programme.

Our client, a global top-tier commodity trader is looking to hire an experienced European Gas/Power/Coal/Carbon Trading Analyst for their European Energy trading desk in London.

European carbon prices climbed towards €22 on Monday in a choppy session that saw the publication of emissions data suggesting a bigger-than-expected drop in CO2 output in the EU ETS last year.

Four Canadian provinces that resisted the federal government’s carbon pricing mandate became subject to Ottawa’s ‘backstop’ CO2 levy on fossil fuels on Monday, as the British Columbia government raised its existing carbon tax rate.