Carbon Pulse

European carbon prices reached their highest level in a decade on Wednesday, as traders anticipated further gains during a rare auction-free session amid a month of halved supply.

It is clear that there needs to be a fundamental overhaul of the governance and decision making processes at the GCF to make its cooperation with the private sector work, writes Alexandra Tracy, a GCF board member representing the private sector.

New Zealand carbon allowances continued to rise in Wednesday trade, breaking through the NZ$24 level for the first time as concerns that the government might increase the NZ$25 fixed price option already for the current compliance year spread through the market.

Activity in the voluntary carbon market in the first quarter of the year put 2018 on pace to meet or exceed the previous record, set last year, as business commitments to reduce carbon emissions kept increasing, a report said Wednesday.

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Bullish sentiment in recent months could help counteract weaker underlying fundamentals in Tuesday’s WCI auction, while Ontario’s departure from the programme will continue to limit price increases over the next decade, according to analysts.

German utility RWE advanced its hedging rates considerably over Q2 to take advantage of wider generation margins, it said Tuesday, potentially giving a bearish signal for EUA prices.

European carbon prices briefly slipped back below €18 on Tuesday after a weaker auction, though EUAs had earlier set a new seven-year peak.

A large majority of Coalition MPs on Tuesday backed the Australian government’s proposed National Energy Guarantee (NEG), but state governments and the national parliament could still prove difficult obstacles for the plan.

New Zealand carbon allowances rose more than 3.2% on Tuesday as the market responded to a raft of government proposals to amend the emissions trading scheme.

We are currently seeking a Student Assistant to support and expand our unit working on climate finance/ green finance and transformation. The position includes a wide array of tasks, including quantitative and qualitative analysis of climate policy with a focus on the financial transition towards low-carbon and climate-resilient development.

As part of the Consultancy team, you will support the successful and efficient implementation of our projects for our clients in the Greenhouse Gas (GHG) management field. You will be responsible for carrying out GHG inventories and support in writing the associate reports for our clients.

The Grantham Research Institute has an active policy analysis team that complements its highly regarded academic research programmes. We are looking for a Policy Analyst to carry out policy-oriented analysis aimed at decision-makers in the public, private and third sector.

We have an opportunity for a Senior climate change and energy efficiency policy specialist to support business development and delivery within our Policy, Strategy and Economics Practice.

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CERPD Inc. seeks a candidate to fill the position of carbon project developer at our Seattle office. As a developer, the suitable candidate will be responsible for identifying commercially viable project opportunities and managing internal resources to finalize and execute projects.

The position would entail business development and marketing for various Carbon commodities such as CERs, VERs, etc from the company’s portfolio, with an emphasis on building relationships and networks with end-users and buyers of such commodities. The person would also be responsible for building the firm’s Climate consulting & advisory customer base.

The number of RGGI allowances (RGAs) held for compliance purposes remained at historically low levels in Q2, according to a report published Monday.

German EUA sales will be put on hold from early November, the European Commission said late Monday, with the weekly auctions expected to resume in Q1 2019 after the bloc's regulations have been amended to reflect the renewal of the country's contract with exchange EEX.

Climate Advisers, a growing mission-driven consulting firm, is seeking a smart, talented and self-motivated Director of Global Forest Policy to join its Forest Research and Policy Team, which promotes climate policies and solutions through original analysis, outreach and international diplomacy.