Carbon Pulse

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

Compliance entities and speculators slightly boosted their California Carbon Allowance (CCA) positions in the lead-up to Tuesday’s quarterly auction and as blistering temperatures covered the Golden State, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

We are looking for an economist with a strong analytical track record and great communication skills, with a passion to work on one of the Government’s top policy agendas. The role is instrumental in steering the department’s building safety and climate change policies, including regular contact with senior officials and Ministers, both here and in other government departments (notably Number 10 and HM Treasury).

The Climate change Specialist will work under the overall supervision of the OCB Director, the OCB Team Leader and/or the direct supervision of a relevant Officer.

The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative's annual budget.

Illinois Governor JB Pritzker’s (D) administration would support a market-based CO2 pricing mechanism for electricity generation along with a Midwestern Low Carbon Fuel Standard (LCFS) for the transportation sector, according to a strategy document published Friday.

EUAs slipped towards €25 on Friday as another weak auction and economic fears further dampened the remaining prospects for a monthly gain as the end of August's half-volume auctions moves closer.

China plans to backdate the start of compliance obligations to Jan. 1, 2019 for its national emissions trading scheme, according to several sources who have seen a draft allocation plan circulated by the environment ministry this week.

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

The resumption of trade in the EU ETS registry system has been delayed until early Friday afternoon, the European Commission said, as emergency repairs following a bloc-wide outage continue.

New Forests seeks a qualified candidate for the position of Marketing Analyst to be primarily responsible for supporting the Investor Relations team deliver the company’s global marketing strategy with institutional investors, with a specific focus on sustainable plantation forestry investment.

South Korea could pull the power sector out of its emissions trading scheme from 2021 over a disagreement between ministries on how to best regulate CO2 emissions from the sector, according to sources, a move that would gut the world’s second biggest carbon market.

China’s Tianjin will auction off 1 million CO2 allowances on Aug. 28, with participation restricted to companies with compliance obligations under the city’s pilot emissions trading scheme and whose 2019 emissions were higher than their free allocation of allowances.

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

Do you want to help make the world a better place with your experience of climate justice analysis and EU-level advocacy? We’re seeking a Climate Policy Analyst based in Brussels to support the advocacy of The Open Society European Policy Institute (OSEPI) in promoting climate justice objectives in the EU. 

RGGI Allowance (RGA) prices continued their summer bull run this week on steady compliance demand and optimistic post-2020 outlooks, as California Carbon Allowance (CCAs) values held firm once again ahead of next week’s Q3 auction results.

The BDI is currently looking for suitable candidates to fill the position as a Senior Manager (w/m/d) for the department Energy and Climate Policy for its Representation in Brussels.

A multinational commodities firm opened a RGGI CO2 Allowance Tracking System (COATS) account on Thursday, marking the ninth new speculative player in the Northeast US power sector carbon market this year.

Emitters in the Northeast US RGGI ETS offloaded allowances held for future obligations following the June quarterly sale as secondary market prices rose, according to a report published Thursday.

Our presence in the emissions market has always been significant and we aim at keeping our talent pool strong. You will be the prime contact on emissions related trading business whist keeping in touch with our trading analyst.