Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 11 min 6 sec ago
EU Market: EUAs slip back to €15 to leave rally in stall mode
EU carbon prices fell back to €15 on Thursday, fading in the final hour to stall the recovery in EUAs built up over the past week or so.
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US Paris targets off track even if clean energy costs keep falling -report
The US will clearly miss its Paris Agreement GHG targets even if market forces benefit clean energy and planned federal environmental rollbacks do not move forward, according to a new study published on Thursday.
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Fund Climate Trust Capital ties with green group on Maine forest project
US-based private fund Climate Trust Capital (CTC) teamed with green group The Nature Conservancy to close its largest carbon credit deal for an improved forest management project in Maine.
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South Korea to make deeper CO2 cuts at home, scales down plans to buy international offsets
South Korea on Thursday released a revised 2030 roadmap for meeting its Paris obligations, scaling back the amount of international carbon credits it plans to buy and instead imposing tougher emission reduction goals on domestic industry.
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UK falling short on GHG targets, shouldn’t use offsets to meet them -adviser
The UK is falling short in efforts to cut emissions in non-ETS sectors, but should not resort to buying foreign offsets to help meet its binding targets, the country’s climate advisers said Thursday.
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CP Daily: Wednesday June 27, 2018
A daily summary of our news plus bite-sized updates from around the world.
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ICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.
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California’s ARB distributes almost 620k offsets across all project types
California regulator ARB doled out more than 619,200 carbon offsets this week in its latest issuance covering all four active project types.
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Director, Ontario Climate Policy, Pembina Institute – Toronto
The Pembina Institute is seeking a highly motivated individual to join our team as our Director, Climate Policy. We are seeking someone with a strong background in climate policy, relationships across sectors and a record of influencing policy change.
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(Junior) Consultant Energy and Climate Policy, Ecorys – Netherlands
You will join the Natural Resources team that is working on national, EU and international projects in the areas of energy, environment and climate change. Our activities consist of economic and policy studies (e.g. feasibility studies, cost-benefit analyses, evaluations), consultancy, and project and program management.
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Speculators step up buying in Germany’s May EUA auctions -report
Speculators and intermediaries picked up most of Germany’s auctioned carbon allowances last month, government data showed, with installation operators recording their smallest share in more than a year.
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Energy Equity Program Manager, California Environmental Justice Alliance – Oakland/Huntington Park/Sacramento
The Energy Equity Program Manager will provide leadership and strategic vision for the Energy Equity Program; develop, implement, and manage the Energy Equity program plan; and manage our highly-engaged Energy Equity Committee comprised of CEJA member and partner staff.
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China’s Sinopec makes carbon profits on govt refinery clampdown
A subsidiary of Sinopec, China’s biggest refinery group, has made a 1.3-million yuan ($200,000) profit by swapping Shanghai CO2 permits it had saved as a result on government clampdown on overcapacity in the sector for cheaper carbon credits.
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EU Market: EUAs keep above €15 despite struggling to absorb large UK auction
EU carbon prices maintained their recent level above €15 on Wednesday despite dipping after a weak UK auction that featured extra unsold volume from a previous failed sale.
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Australian offset veteran leaves GreenCollar Group to start advisory firm
The head of environmental markets and strategy at Australia’s biggest carbon project developer has left the company to set up his own offset advisory firm.
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CP Daily: Tuesday June 26, 2018
A daily summary of our news plus bite-sized updates from around the world.
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US EPA draws ire of biofuels groups with release of 2019 RFS quotas
The EPA published preliminary 2019 renewable volume obligations (RVOs) for the federal Renewable Fuels Standard (RFS) on Tuesday, with the biofuels industry arguing that the modest increases in the yearly quotas were more than cancelled out by the agency’s failure to act on several compliance waivers issued this year.
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EU Market: EUAs hold above €15 after stronger auction
EU carbon prices held just above €15 for the second straight day on Tuesday after the day’s auction cleared relatively strongly and despite analyst warnings that the recent rally may have petered out.
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CARBON FORWARD: New entrants seek to ride the wave as EU carbon prices quadruple
The EU ETS has witnessed a dramatic change over the past year as carbon prices have quadrupled, the market has attracted new participants, and the developments have given confidence to existing participants that the world’s biggest carbon market will remain the EU’s main climate policy tool.
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This year’s EU carbon price rally fuelled by 160 Mt in speculative buying -analysts
Speculative buying in excess of 160 million tonnes has likely helped EU carbon prices double in value over the first half of the year, analysts said.
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