Carbon Pulse

The Associate will apply their physical science background to duties that focus substantially on data synthesis, development and implementation of project monitoring plans, quantification of credit volume, and compilation of technical reports and documentary evidence to demonstrate project compliance with the program requirements.

European carbon reversed Friday’s gains to start the week, tumbling to a three-week low as buyers struggles to absorb an increase in supply and sellers kept the pressure on prices.

California electricity sector emissions rebounded in May after slipping to a monthly low in April during the state's coronavirus shutdown, data from the state’s main power grid showed.

Oil major BP is set to make a multi-million-dollar investment in a Maine voluntary offset initiative in partnership with a US-based forestry developer.

New Zealand’s leading farming industry group has backed a proposal by the Labour party to impose restrictions on which types of land can earn carbon allowances by planting forests, but says that’s not enough to stave off what it says is a threat to farmland by the nation’s emissions trading scheme.

EU carbon prices could average €36 over the next decade under a scenario where Europe avoids a second wave of COVID-19 and the MSR’s current injection rate is maintained, BloombergNEF (BNEF) analysts have predicted.

The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.

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

Compliance entities slightly increased their California Carbon Allowance (CCA) holdings this week as prices inched up on the secondary market, while speculators once again made few alterations, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A federal judge on Friday ruled California’s cap-and-trade linkage with Quebec does not violate the US Constitution’s Foreign Affairs Doctrine, settling all four challenges filed by President Donald Trump’s administration.

EUAs lifted above €27 on Friday, clawing back more than half of the previous session's near-8% crash as a stronger auction outcome boosted confidence that this week's move to €30 was more than a speculative bubble.

Poland is resisting renewed pressure from other EU nations to commit to a bloc-wide 2050 net zero emissions target, with the issue snagging EU budget talks on Friday.

Verra is looking for a Senior Program Manager to manage Verra’s programs including the Verified Carbon Standard (VCS) Program, the Jurisdictional and Nested REDD+ framework (JNR), the Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta).

Verra is looking for a Program Director to oversee the strategy, direction and evolution of Verra’s programs including the Verified Carbon Standard (VCS) Program, the Jurisdictional and Nested REDD+ framework (JNR), the Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta).

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

California Low Carbon Fuel Standard (LCFS) credits extended their recent losses this week as a large seller looked to offload credits and Governor Gavin Newsom (D) re-imposed several coronavirus restrictions due to surging case totals.

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

A Colorado government agency will likely finalise by the end of the month a study assessing how a transportation sector low-carbon fuel standard (LCFS) could help the state meet its enhanced GHG reduction targets, an official said Thursday.

ICAO and national governments must set a long-term and binding GHG goal for global air travel ahead of COP26 next year, while countries should consider a market mechanism for afforestation and other measures in their net zero-aligned COVID-19 recovery plans, said a report from a UN-convened group of investors released Wednesday.

RGGI allowance (RGA) prices surged to a 14-month high on the benchmark contract this week with increased compliance buying on the secondary market, while California Carbon Allowances (CCAs) ticked up despite new COVID-19 restrictions taking effect across the state.