Carbon Pulse

UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.

E3G is looking for an enthusiastic practitioner to lead E3G’s work on Europe-China climate diplomacy and cooperation in its London office.

Iberdrola is seeking a motivated person to join the Brussels-based team as EU Affairs Adviser.

California Carbon Allowance (CCA) prices cratered beneath the 2014 WCI floor price during the week before renewed speculative interest boosted values on the secondary market, while RGGI allowances (RGA) saw more modest week-on-week changes.

We are searching for five dynamic and motivated full-time researchers to join our team and pursue a PhD at the University of Leuven in Belgium. 

EU leaders should tie their virus-busting stimulus packages to climate action by using carbon market revenues and green taxation, two former EU top climate officials said on Thursday.

The EU carbon market’s shock-absorbing MSR can only partly avert an allowance price collapse should the coronavirus spur a recession on the scale of the 2009 financial crisis, analysts said on Thursday.

The UK’s greenhouse gas emissions fell 3.6% in 2019, according to provisional government data released Thursday, with another large drop by the power sector helping extend the country’s streak of annual declines.

The annual EU ETS deadline for surrendering carbon units against 2019 emissions will not be delayed in light of the still unfolding coronavirus outbreak, the European Commission announced late Thursday.

California offsets will likely weather a short-term collapse in WCI allowance prices triggered by the COVID-19 outbreak, although the pandemic could pose new obstacles for the industry going forward, several developers told Carbon Pulse.

Price reporting agency Argus Media has postponed its US and Canadian carbon and biofuel market conferences this spring due to the coronavirus pandemic, Carbon Pulse has learned.

EUAs bounced back from an earlier fall on Thursday as markets jumped on record US jobless numbers that were below some expectations.

German power generator EnBW advanced its hedging over Q4 2019 to maintain its slightly advanced position amid declining generation and sales, it said in financial results on Thursday, providing a bearish signal for EUAs.

Carbon emissions from facilities covered by Australia’s Safeguard Mechanism rose again in 2018-19, Clean Energy Regulator data showed Thursday, but the need to use offsets to meet targets fell by a quarter as baselines under the scheme are increasingly generous.

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

New York's wholesale grid operator (NYISO) is experiencing an overall reduction in electricity demand due to the COVD-19 pandemic, a trend that is likely to reduce obligations for power generators in the RGGI carbon market.

California regulator ARB minted more than 535,000 new offsets this week, with another half million credits seeing their invalidation period cut to three years, according to data published Wednesday.

Emissions covered under the EU ETS likely fell last year by the largest amount since the financial crisis, according to a poll of analysts, as coal-to-gas fuel-switching and increased renewables generation outweighed an increase in CO2 from aviation and somewhat stagnant industrial output. A Carbon Pulse subscription is required to read this content. Subscribe today […]

Virginia officials are unlikely to revise the state's power sector annual ETS carbon budgets in the short term if Governor Ralph Northam (D) signs a bill implementing the existing cap-and-trade regulation into law, a state regulator said.

Mexico will aim to release offset protocols for use under its ETS in the final quarter of 2020, with several methodologies under consideration, a government official said Wednesday.