Carbon Pulse

EUAs climbed on Thursday as the immediate prospect of a 'no-deal' Brexit faded, though prices remain pinned by uncertainty over Britain’s EU divorce, with cheaper gas also weighing.

California Low Carbon Fuel Standard (LCFS) futures contracts experienced a shot in the arm over the past week as several spread trades occurred, leaving market participants to ponder the reasons for the new activity.  

The full EU Parliament on Thursday urged EU leaders to frame a more ambitious 2050 bloc-wide climate strategy and for Brussels to propose legislation to raise the bloc's 2030 emission goal.

The First Climate team is made up of a group of dynamic, energetic and highly creative individuals who source and develop carbon offset, renewable energy and water projects for governments and corporate clients. To complement this vibrant team, we are looking for a “Business Development and Sourcing Manager” in South East Asia.

For ICAP’s Secretariat based in Berlin, Germany, we are now seeking to recruit a climate policy and carbon markets analyst. In a small international and dynamic team, the selected candidate will work across the different ICAP work streams, under the guidance of the ICAP Co-Chairs and senior staff at the ICAP Secretariat.

German utility RWE advanced its hedging position steadily over the quarter to leave it slightly ahead of where it was a year ago, the company said in its full-year results on Thursday.

EU carbon allowances will rise to record highs during the second half of the year, analysts said, but not before prices muddle along within their current trading range through the rest of H1 2019.

Facilities covered by Australia’s Safeguard Mechanism used 42% fewer offsets to meet their emissions target in FY2017-18 compared to the previous year despite rising emissions, as the few companies missing their targets explored other options to comply.

Four major GHG emitters have teamed up to establish a joint company that will build up a forestry-based carbon portfolio to help meet their obligations under New Zealand’s emissions trading scheme.

The Clean Energy Regulator on Thursday issued offsets to a soil carbon project, a global first that could unlock millions more carbon credits from Australia’s project pipeline.

European green certificate prices this year are likely to stay well below 2018’s record levels as the prospect looms of fledgling supply from renewables majors France and Germany, a conference heard this week.

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

The Toronto Environmental Alliance (TEA) is looking for a campaigner who is passionate about environmental issues and engaging the public.

California issued nearly 5.4 million new offset credits (CCOs) this week across five forestry projects, marking the highest issuance of 2019, regulator data showed Wednesday.

Finite Carbon is seeking a Director for its Canadian operations to coordinate Finite’s expanding Canadian forest offset development services.

European carbon ended steady on Wednesday after hitting a one-week low below €22, as many traders remained on the sidelines awaiting more developments in the Brexit brouhaha.

The Dutch government has vowed to introduce a carbon tax for companies, caving to pressure to force more climate costs onto business after advisers said its draft plan for meeting 2030 emission targets will fall short.

Washington state representatives approved a bill Tuesday evening to implement a low-carbon fuel standard (LCFS), moving the proposal to the Senate where it faces a more uncertain future.

The UK is considering forcing all transportation providers to offer “genuinely additional” carbon offsets to give passengers more opportunity to achieve carbon neutral travel, the government announced Wednesday.

Traders anticipate the quarterly RGGI auction to settle below current price levels, bucking the recent trend of above-secondary market results.