Carbon Pulse

US biofuel credit (RIN) prices continued their recent bull run this week as reports surfaced that the EPA will meet with Renewable Fuel Standard (RFS) stakeholders over possible changes to the programme’s compliance waiver process, a response to a significant court decision last month.

Compliance-oriented entities markedly increased their RGGI allowance holdings during Q4 of 2019 amid higher trading activity and rising prices, according to the quarterly market monitor published Thursday.

Position: Sourcing Manager Duty Station: Bad Vilbel, Hessen, Germany Deadline for Application: 31 March 2020

Position: Programme Director, Climate and Sustainability Duty Station: London, England, UK Deadline for Application: 28 February 2020

California Carbon Allowance (CCA) prices slid this week as traders adjusted positions ahead of the first WCI auction of 2020, while a significant reaction in RGGI Allowances (RGAs) failed to materialise after Virginia legislators approved a bill to implement the state’s power sector ETS.

Position: Program Officer, Climate Risk Management and Resilience Duty Station: Washington D.C., US Deadline for Application: until suitable applicant is found

Position: Intern Duty Station: Berlin, Germany Deadline for Application: 16 March 2020

Position: Sustainability Consultant Duty Station: Madrid, Spain Deadline for Application: 15 March 2020

Position: Carbon Credit Sourcing Manager Duty Station: Madrid, Spain Deadline for Application: 15 March 2020

The Policy Analyst (Climate Change and Environment) will be fully integrated in the community of practice of climate change advisors and experts already working at national, regional and HQ levels. It is expected that workplans and priorities will be fully aligned with corporate global and regional goals.

Former international development minister Alok Sharma has been named UK climate and energy minister and will preside over this year’s UN climate talks, Downing Street announced Thursday as part of a wide-ranging cabinet reshuffle that featured a number of surprises.

EUAs rose above €24 for the first time this week on Thursday as another strong auction offset news of a fresh spike in China's Covid-19 coronavirus cases and deaths that unnerved world markets.

Australia’s Clean Energy Regulator maintained an above-average carbon credit issuance rate north of 200,000 this week, with Terra Carbon picking up around 80% of the new offsets.

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

California Carbon Offset (CCO) prices have increased in recent weeks on a variety of factors, including the ARB’s recent invalidation of nearly 20,000 credits, market participants said.

California regulator ARB granted 314,200 new California Carbon Offsets (CCOs) this week, including nearly 19,000 credits from a livestock project involved in last month’s invalidation ruling, according to data published Wednesday.

The IEA will gather ministers and energy industry leaders this summer with the aim of accelerating clean energy deployment this decade and building momentum ahead of the start of the Paris Agreement.

Oil major BP set a new voluntary 2050 climate goals on Wednesday, pledging to achieve zero emissions from its operations and to halve the carbon intensity of its products.

The Virginia Senate passed a clean energy bill Tuesday night that would implement the state’s RGGI-modelled power sector ETS regulation with state-run allowance auctions, following the House’s approval of its own version earlier in the day and setting up a signature from Governor Ralph Northam (D).

EUAs leapt higher on Wednesday on a strong showing at Poland's bumper auction and as the energy complex made gains on signs that the coronavirus, now officially known as Covid-19, could be waning.