Carbon Pulse

CDP is looking for a Campaign Manager to lead the execution of the 1.5C campaign in coordination with the other We Mean Business (WMB) coalition partners, Science Based Targets (SBT) initiative, and other relevant organisations. The Campaign Manager will be responsible for finalizing and delivering on the campaign strategy to raise corporate ambition to 1.5°C.

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

California regulator ARB should not endorse its Tropical Forest Standard (TFS) next month because sector-based REDD offsets lack environmental and social integrity and fail to address the root causes of deforestation, a state senator said, potentially opening a bicameral rift over the already divisive issue.

California regulator ARB dished out over 3.1 million California Carbon Offsets (CCOs) this week in the second largest issuance of 2019, as the number of credits without invalidation periods climbed by over 10%.

California Low Carbon Fuel Standard (LCFS) futures contracts saw renewed activity this week as participants looked to move positions further out on the curve, ending a recent lull.

EUAs slipped back below €27 early on Wednesday in volatile trade as a weak auction and bearish economic data dented sentiment.

China should set an absolute cap on carbon emissions from 2025 to ensure the nation meets its Paris goals, a government think-tank said in a report published on Wednesday, though observers expect resistance from the leadership on climate issues amid larger political and economical concerns.

South Korean carbon allowances hit a new record high on Wednesday as emitters continued to acquire whatever little volume was available in the market, although the afternoon's government auction settled well below the secondary market.

German-based utility RWE slowed its hedging rate slightly over Q2 to leave it with a marginally lagged hedged position compared to recent years, it said in financial results Wednesday, giving a modestly bullish signal for EUAs.

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

A coalition of 29 US states and cities on Tuesday sued the EPA over its Affordable Clean Energy (ACE) rule to replace the stayed Clean Power Plan (CPP), arguing that the regulation violates federal law by banning carbon trading and will perversely incentivise higher CO2 output.

The US Bureau of Labor Statistics reported Tuesday that year-over-year inflation edged higher in July, setting up a potential WCI carbon floor price of $16.60 next year.

EUAs hit a five-week low near €26 on Tuesday, though prices rebounded to positive territory above €27 after a strong auction.

Czechia-based utility CEZ is lagging its historical carbon hedging rates, it said in financial results on Tuesday, suggesting that its EUA demand could rise over the rest of the year as it plans for higher thermal generation.

Australia this week will detail a A$500 million ($338 mln) climate aid package for the Pacific, Prime Minister Scott Morrison announced Tuesday, although observers were left unconvinced as long as Australia does nothing to stem its own rising GHG emissions.

The record-breaking trend in South Korea’s emissions market continued Tuesday with KAUs hitting 30,000 won ($24.59) for the first time as the wide gap between demand and supply kept pushing prices up.

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

Hamerkop’s aims is to rapidly expand access to climate finance to enable climate change mitigation and adaption actions by supporting NGOs, governmental and international development organisations as well as the private sector.

Germany is suspending some of its long-standing forest protection aid cash to Brazil because it doubts Brasilia is still making efforts to preserve its vast forests.

Massachusetts’ first offshore wind farm is facing new delays after the US Department of Interior (DOI) on Friday announced it would undertake additional analysis of the project and other proposed initiatives dotting the Atlantic Coast.