Carbon Pulse

Korea carbon allowances fell nearly 10% on Wednesday as the government announcement that it will auction 5.5 million permits on June 1 tempered the aggressive demand seen over the past three weeks.

South Korea is considering dropping its plan to achieve nearly a third of its Paris target through buying international carbon credits, instead making deeper emission reductions at home.

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

The Canadian federal government announced on Tuesday that it will purchase Kinder Morgan’s Trans Mountain pipeline system and expansion project, posing another potential obstacle to the country’s strategy to meet its Paris Agreement targets.

The Quebec-based Inlandsis Fund has teamed up with offset project developers Camco International Group to support the management and growth of methane reduction projects in the California carbon market.

Energy Aspects have once again upped their EU carbon price forecasts in light of the unabating rally, while also reiterating their warning of an increasing risk of a market correction.

The position is for two years with possibility for extension. The Program Manager will work as a member in the NDF operations team and report to the Vice President in charge of operations.

The Global Green Growth Institute (GGGI) is looking for a talented individual to work to work closely with Thought Leadership (TL) team in the process of researching, compiling, and analyzing renewable energy and climate policy data, tools, guidelines, arranging documentations and perform the data collection, analysis, and reporting.

Due to our expanding portfolio of projects and clients, we are looking to recruit an additional consultant into our Climate Futures team. The successful candidate will take a key role in our UK work, providing technical expertise on the UK Climate Projections and the analysis of weather and climate data in the Water and Environment and Transport sectors.

Due to our expanding portfolio of projects and clients, we are looking to recruit a consultant into our Climate Futures team. The successful candidate will take a leading role in our internationally-focussed work, managing bids and working on international Climate Risk and Vulnerability Assessments (CRVA) and adaptation strategies.

The International Specialists - National forest monitoring systems (NFMS) - will support the implementation of Green Climate Fund (GCF) readiness project “Preparatory support to the national designated authority (NDA) of Equatorial Guinea to engage with the GCF in early phases of REDD+”.

The Technical Specialist – Climate Change and Green Climate Fund programme support - will lead the Green Climate Fund (GCF) readiness project “Preparatory support for GCF engagement in Equatorial Guinea”

Participation levels in April’s German auctions were similar to March, with compliance players continuing to purchase the majority of the 17.44 million EU Allowances on offer.

Energy Innovation is seeking a self-motivated, committed, and highly professional Executive Assistant to join the firm. The Executive Assistant will play a key administrative role, leading schedule coordination and providing general administrative support to two executives, the CEO and Vice President.

EU carbon prices set a new seven-year high on Tuesday as bullish momentum continued despite the prospect of larger supply coming to market.

The Canadian territory of Nunavut stands to cut GHG emissions by up to 4.5% through the federal government’s ‘backstop’ carbon pricing scheme, according to a government study released last week.

Japan’s plans to add 40% to its coal-fired power generation capacity will push the nation off track to meet its already inadequate Paris target unless it considers a raft of new energy policies such as carbon pricing, a report said Tuesday.

Sophisticated developers might achieve as much as 20% above the average price in next week’s Emissions Reduction Fund (ERF) auction, even as the Clean Energy Regulator has announced it will spend less than in previous sales.

South Korea will auction off 5.5 million carbon permits from its market stability reserve on June 1, the government announced Tuesday, only 40% of the total volume available in the reserve.

South Korean carbon permits rose another 2.8% on Monday to add to the 6-month highs hit last week, but the move was on the back of tiny trades as transaction volumes fell.