Carbon Pulse

Traders are anticipating the September RGGI auction will settle at a discount to the current secondary market levels despite recent price increases and speculative purchases at prior sales.

China’s Ministry of Ecology and Environment (MEE) will support the revamp of its carbon credit programme as soon as possible to ensure offsets will be eligible in the national emissions trading scheme, Vice Environment Minister Zhuang Guotai said Wednesday.

NZUs edged up 5 cents on Wednesday to hit yet another all-time high, but the recent strong upward trend has run out of steam as emitters are wary about the market going much higher than the fixed price option level.

California's Air Resources Board (ARB) on Tuesday released proposed amendments to the state's cap-and-trade programme that would set a price ceiling and reserve tiers, establish post-2020 offset rules, and offer some avenue to account for the allowance surplus resulting from Ontario's WCI exit.

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

EU carbon prices held their ground on Tuesday to consolidate above €20 after another weak auction result and yesterday's big losses.

A rapidly-rising EU carbon price is helping to boost confidence that the Paris Agreement rulebook will be finalised this year, though this could mean leaving out guidance on how carbon markets will operate under the UN pact.

French President Emmanuel Macron on Tuesday named Francois de Rugy as the country’s new environment minister, after the previous minster Nicolas Hulot resigned abruptly last week.

European carbon will hit €30 before the end of 2019, as the current momentum could combine with structurally bullish factors ahead to lift EUA prices to record highs, analysts predict.

The EU risks a repetition of the large-scale ETS VAT fraud that has cost governments billions of euros in tax revenue unless it extends protections beyond this year, a group of business associations said on Tuesday.

As a federal enterprise, GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development. For our operations in Kampala/Uganda, we are looking for an Intern at the Global Carbon Markets Programme.

New Zealand’s Productivity Commission on Tuesday released a government-commissioned report on how to shift to a low-carbon economy, backing efforts to reform the emissions trading scheme and set a price on emissions from agriculture.

The Office of Global Change in the Bureau of Oceans and International Environmental and Scientific Affairs at the U.S. Department of State is sending out this informal call for expressions of interest for a potential role in the Office of Global Change (OES/EGC) that would provide substantive assistance to the Climate Change Transparency Team at a junior level (2-4 years work experience).

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

We are looking for a Carbon Projects Officer to assist our Projects Team to develop, implement and coordinate community-based carbon projects, mainly in sub-Saharan Africa. The role is primarily based in Taunton, UK, however occasional travel to the project areas is required.

At the Climate Advisory Team you will work with all segments and cross cutting areas. You will provide technical and operational support to transactions that include climate investments, at the same time will seek to generate better markets by generating practical knowledge that support private entities to act on climate.

At the Climate Advisory Team you will work with all segments and cross-cutting areas. You will provide technical and operational support to transactions that include climate investments, at the same time will seek to generate better markets by generating practical knowledge that support private entities to act on climate.

**FREE READ** - Carbon Pulse has hired one of North America’s top carbon market experts to lead its news coverage and expand its offerings on the continent.

New Zealand carbon allowances fell marginally on Monday but remained above the NZ$25 price ceiling, causing some observers to speculate whether foresters that have joined the ETS voluntarily might pull out of the scheme to bank their profits.

EU carbon prices slid early on Monday as the market struggled to absorb the first regular-sized sale following a month of half-volume holiday auctions.