Carbon Pulse

UNEP is hiring a specialized consultant for 12 months to lead on improving exposure of the projects and blended finance facilities in which UNEP’s Climate Finance Unit is involved, and contribute to the role of communications and knowledge management.

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

California Carbon Offset (CCO) issuance attained the highest level so far this year as four existing forestry projects helped boost supply this week under the state's WCI-linked ETS, according to data published Wednesday.

Clinching an international carbon trading deal on the Paris Agreement’s Article 6 will not be among the major issues for the British hosts of November’s UN climate talks in Glasgow, an ex-lead UK climate negotiator said on Wednesday.

The Spanish government has launched a consultation until Mar. 14 on its plans to establish of an aviation levy, amid EU-wide demands to increase ‘green’ taxation efforts. 

The UK will in the coming months launch a consultation on a new tax as a post-Brexit carbon pricing alternative to an ETS, the government announced as part of its annual budget on Wednesday, while keeping the country’s domestic carbon levy frozen for another year.

California regulator ARB should set the state’s pending Low Carbon Fuel Standard (LCFS) maximum price at just under $218 this year, while the current US inflation figure would place the state's WCI auction reserve value close to the $18.00 level, according to federal data published Wednesday.

EUAs sank back below €24 early on Wednesday, below technical support that some had seen as helping carbon defy wider weakness across financial markets on the impact of the coronavirus.

The Shanghai municipal government on Wednesday ordered 73 companies to submit their 2019 emissions data by the end of this month, keeping China on track to launching its national emissions trading scheme before the end of the year despite the massive disruptions caused by the coronavirus.

South Korea’s monthly CO2 allowance auction sold out on Wednesday, with the clearing price moving up nearly 1% from last month’s sale as an overall shortage in the market continues to prop up demand.

The international aviation industry’s offset market will have access to ample supply of carbon credits in its three-year pilot phase even if eligible units are restricted to those generated from 2016, according to a study released Wednesday.

The Asian Development Bank is looking for an intern to support activities of ADB's Carbon Market Program (CMP), implementation of the TA on Establishing a Support Facility for Article 6 of the Paris Agreement and operation of the Future Carbon Fund.

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

Brussels pledged a state aid review and support for clean hydrogen in its latest industrial strategy, which was unveiled on Tuesday even as the EU institutions cancelled multiple meetings amid efforts to contain the coronavirus.

Oregon Governor Kate Brown (D) signed an executive order Tuesday to set a declining emissions cap for several sectors, double the state’s Clean Fuels Program (OCFP) target, and boost energy efficiency goals after the legislature failed to pass a cap-and-trade bill for the second straight year.

German-based utility Uniper's EU ETS-covered emissions fell 21% in 2019 amid lower coal output, it said in financial results on Tuesday, while flagging a pick-up in power hedging in recent weeks.

British bank RBS and its commodities trading division have been found liable for dishonestly assisting and knowingly facilitating tax fraud linked to the EU ETS after two emissions traders at the subsidiary ignored obvious risks, a UK High Court ruled Tuesday.

RGGI market participants anticipate the first quarterly sale of 2020 this week will largely mirror past trends and align with the secondary market price, despite the inclusion of New Jersey in the Northeast US ETS for the first time in eight years.

Utility Nova Scotia Power’s CO2 output increased in 2018 ahead of the initial start of the Canadian province’s cap-and-trade programme, while emissions from fuel suppliers and industrials fell, new government data showed.

EUA prices lifted towards €24 early on Tuesday as wider financial markets rebounded on stimulus hopes following the previous session's massive oil collapse and quickening spread of COVID-19 coronavirus.