Carbon Pulse

The New Jersey Department of Environmental Protection (DEP) has pinpointed early 2020 for the state to re-enter RGGI auctions and for emitter compliance obligations to begin should its ongoing negotiations proceed on schedule, according to new documents released on Wednesday.

EU carbon prices dropped 2.8% on Wednesday as a stronger auction provided only temporary relief amid wider financial market upheaval stemming from Italy’s political turmoil.

A bill that would guide the scheduled closure of California’s last remaining nuclear plant was approved by the state senate on Tuesday, including measures to prevent against a rise in emissions resulting from the shut down.

China’s greenhouse gas emissions has increased 4% y/y so far in 2018, according to an analysis by green group Greenpeace, with the growth largely fuelled by a government stimulus programme.

Korea carbon allowances fell nearly 10% on Wednesday as the government announcement that it will auction 5.5 million permits on June 1 tempered the aggressive demand seen over the past three weeks.

South Korea is considering dropping its plan to achieve nearly a third of its Paris target through buying international carbon credits, instead making deeper emission reductions at home.

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

The Canadian federal government announced on Tuesday that it will purchase Kinder Morgan’s Trans Mountain pipeline system and expansion project, posing another potential obstacle to the country’s strategy to meet its Paris Agreement targets.

The Quebec-based Inlandsis Fund has teamed up with offset project developers Camco International Group to support the management and growth of methane reduction projects in the California carbon market.

Energy Aspects have once again upped their EU carbon price forecasts in light of the unabating rally, while also reiterating their warning of an increasing risk of a market correction.

The position is for two years with possibility for extension. The Program Manager will work as a member in the NDF operations team and report to the Vice President in charge of operations.

The Global Green Growth Institute (GGGI) is looking for a talented individual to work to work closely with Thought Leadership (TL) team in the process of researching, compiling, and analyzing renewable energy and climate policy data, tools, guidelines, arranging documentations and perform the data collection, analysis, and reporting.

Due to our expanding portfolio of projects and clients, we are looking to recruit an additional consultant into our Climate Futures team. The successful candidate will take a key role in our UK work, providing technical expertise on the UK Climate Projections and the analysis of weather and climate data in the Water and Environment and Transport sectors.

Due to our expanding portfolio of projects and clients, we are looking to recruit a consultant into our Climate Futures team. The successful candidate will take a leading role in our internationally-focussed work, managing bids and working on international Climate Risk and Vulnerability Assessments (CRVA) and adaptation strategies.

The International Specialists - National forest monitoring systems (NFMS) - will support the implementation of Green Climate Fund (GCF) readiness project “Preparatory support to the national designated authority (NDA) of Equatorial Guinea to engage with the GCF in early phases of REDD+”.

The Technical Specialist – Climate Change and Green Climate Fund programme support - will lead the Green Climate Fund (GCF) readiness project “Preparatory support for GCF engagement in Equatorial Guinea”

Participation levels in April’s German auctions were similar to March, with compliance players continuing to purchase the majority of the 17.44 million EU Allowances on offer.

Energy Innovation is seeking a self-motivated, committed, and highly professional Executive Assistant to join the firm. The Executive Assistant will play a key administrative role, leading schedule coordination and providing general administrative support to two executives, the CEO and Vice President.

EU carbon prices set a new seven-year high on Tuesday as bullish momentum continued despite the prospect of larger supply coming to market.

The Canadian territory of Nunavut stands to cut GHG emissions by up to 4.5% through the federal government’s ‘backstop’ carbon pricing scheme, according to a government study released last week.