Carbon Pulse

The department is looking to fill climate policy-making roles in the Climate Change Division and the International Climate and Technology Division.

The Clean Energy Regulator is looking for an analyst/modeller to contribute to analysis and provide insights into key trends in the renewable energy and carbon markets.

The European Commission will propose raising the EU's 2030 emissions reduction target to “at least 55%”, while exploring a one-off supply cut as a way of aligning the ETS with the new goal, according to a leaked draft due to be presented over the coming days.

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

EUAs rose to their highest all week on Friday, but then eased back to notch a 3.3% weekly rise as MEPs agreed to push for the higher climate ambition.

Compliance entities trimmed their California Carbon Allowance (CCA) positions by more than 1 mln for the second consecutive week as speculative holdings rose, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The oneworld airline alliance pledged to achieve carbon neutrality by mid-century on Friday, with several major carriers joining other member companies that had already announced similar emissions goals.

A pair of California Carbon Offset (CCO) projects in the western US applied to transition into the state’s Low Carbon Fuel Standard (LCFS), continuing a trend this year and going beyond dairy digesters located within the Golden State.

Germany will need to raise the costs under its domestic carbon pricing scheme for transportation and heating a second time in order to meet the more ambitious climate goals to be targeted by the EU, Economy and Energy Minister Peter Altmaier said Friday.

The EU will urge China to ramp up its climate policy in three areas at a high-level meeting on Monday, aiming to raise the ambition of the world’s largest-emitting country, EU officials said Friday.

A little-known sub-sector of the EU carbon market could be behind a gradual decline in the participation in daily allowance auctions, experts say, as it lets abstaining traders “shadow” the sales and buy from brokers at prices linked to the outcome.

US Senate committee members announced agreement on Thursday on bipartisan legislation to reduce high global warming potential HFC gases and meet UN climate goals, though it remains to be seen if the proposal will move forward in the waning months of the current Congressional session.

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

California’s ETS floor price expectations rose for the third consecutive month as federal data published Friday showed inflation continuing to rise following the peak of the COVID-19 pandemic.

Vietnam has submitted a new Nationally Determined Contribution (NDC) plan to the UN that will allow the country's covered sectors to emit tens of millions of tonnes in additional greenhouse gases by 2030 compared what it pledged at climate talks in Paris five years ago.

The European Parliament’s environment committee (ENVI) set a high ambition marker for EU climate policy on Friday, agreeing to push for a 60% emissions reduction goal for 2030 and national net zero targets for 2050 - elements likely to be hotly contested in member state capitals.

Australia-headquartered mining firm BHP Billiton on Friday announced new medium term emissions targets and said it is in the process of acquiring more carbon credits from two REDD+ projects as part of its new offset strategy.

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

RGGI Allowance (RGA) prices stagnated on the secondary market this week despite increased buying after the Q3 auction, while California Carbon Allowance (CCA) prices sank despite a heatwave sweeping across the Golden State.

A Montana climate council called on the state to explore the feasibility of either a federal or regional CO2 pricing approach as part of a swath of proposed climate methods on Wednesday, but subsequent comments from Governor Steve Bullock (D) and the state’s probable Republican-led legislature going forward suggest the recommendation may never come to pass.