Carbon Pulse

Oil major Shell will terminate its relationship with a US trade organisation and found misalignment with nine other North American and European industry associations due to their position on climate change issues, according to a company report released Monday.

Australia’s A$2 billion ($1.42 bln) top-up of the Emissions Reduction Fund will be allocated over 15 years instead of 10 as previously announced, with less than 10% of that due over the next four years, government budget papers showed Tuesday.

Germany cut its greenhouse gas emissions by 4.2% in 2018, its government announced on Tuesday, recording a significant reduction after almost a decade of stagnation.

Australia’s industrial GHG emissions would rise 22% above 2005 levels by 2030 without reforms to the Safeguard Mechanism, analysts said Tuesday, though a potential new Labor government pushing such reforms might face an uphill battle in parliament should it try to legislate changes.

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

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.

The Adaptation Fund Secretariat is recruiting a Senior Climate Change Specialist to coordinate the Fund’s work on portfolio management and results including on concrete action and innovation.

Germany is examining extending carbon pricing to more sectors of its economy, national media reported on Monday in a move designed to meet the country's out-of-reach emission goals more cost-effectively.

Swiss carbon prices have recovered from their recent low, according to the country’s latest auction results, but they remain valued well below the EU Allowances towards which they are expected to converge as the two schemes prepare to link.

The Transportation and Climate Initiative (TCI) will hold its first public stakeholder meeting in April and a subsequent workshop in May after spending the first quarter of 2019 having internal discussions about the proposed carbon programme.

Our client, a global top-tier commodity trader is looking to hire an experienced European Gas/Power/Coal/Carbon Trading Analyst for their European Energy trading desk in London.

European carbon prices climbed towards €22 on Monday in a choppy session that saw the publication of emissions data suggesting a bigger-than-expected drop in CO2 output in the EU ETS last year.

Four Canadian provinces that resisted the federal government’s carbon pricing mandate became subject to Ottawa’s ‘backstop’ CO2 levy on fossil fuels on Monday, as the British Columbia government raised its existing carbon tax rate.

The American Wind Energy Association (AWEA) seeks an experienced mid-level associate attorney with 2 to 6 years of relevant experience to join the Legal Team and provide legal support to the association. The candidate must possess strong research, analytic and writing skills, as well as the ability to work independently.

Western Resource Advocates (WRA) is seeking an Energy Policy Associate, Analyst, or Senior Analyst to develop and advocate for policies and mechanisms that reduce the environmental impact of electricity production in the Interior West. There are positions open in Carson City or Las Vegas, Nevada, and Phoenix, Arizona.

EU member states have handed out a further 37.7 million free carbon allowances over the past fortnight, with Spain and Finland finally commencing their 2019 allocations.

EU ETS emissions fell by 4% in 2018 to resume their annual downtrend, according to preliminary like-for-like data released by the European Commission on Monday.

New Zealand carbon allowances moved higher again in Monday trade amid healthy demand from emitters looking to hedge against the risk of the NZ$25 fixed price option changes.

Australia’s opposition Labor party will introduce a baseline-and-crediting scheme building on the Safeguard Mechanism with tougher CO2 targets and access to international offsets if it wins next month’s election, it said Monday.

Amid a raft of concerns about overcrowding and a lack of conference venue options in Santiago, the Chilean government has announced its remote Easter Island as the surprise site for this year’s UN COP25 climate summit, highlighting the island’s ecological-driven collapse as a point of urgency for global efforts to reduce emissions.