Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 4 min ago
Analysts predict undersubscribed WCI auction while revising down price forecasts
Market participants should expect an under-subscribed WCI auction this quarter along with more modest price increases in the medium-to-long term, according to analysts.
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EU ETS rules work to block cleaner industrial innovations -Sandbag
The EU’s efforts to decarbonise heavy industry are being undermined by ETS benchmarking rules that systematically block cleaner industrial alternatives from getting a foothold, according to environmental campaigner group Sandbag.
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EU Market: EUAs slide 4% after hitting fresh 7-yr high near €15
EU carbon prices slumped on Tuesday after extending a recent seven-year high in early trade and following another weak auction.
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Hedging rates eased for many EU utilities in Q1 as EUAs soared, data suggests
European utilities were relatively quiet in the rallying EUA market over Q1, company results suggest, representing potentially bullish news for prices as generators may now need to accelerate their EUA buying.
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MSR to withdraw 265 mln EU carbon allowances from market by Aug. 2019
Almost 265 million EU carbon allowances will be withdrawn from the over-supplied EU ETS in the first eight months of 2019 and inserted into the MSR when it launches early next year, the European Commission announced late on Tuesday.
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IBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD
IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.
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German supreme court upholds Deutsche Bank EU ETS tax fraud convictions
A former Deutsche Bank sales manager has been jailed by Germany’s federal supreme court for three years for his role in facilitating tax fraud through the EU carbon market.
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South Korea weighs shifting international offset target to ETS
South Korea has pledged to meet a third of its Paris target through buying international carbon credits, and is now considering pushing that responsibility over to companies in its emissions trading scheme rather than spending taxpayer funds.
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China coal consumption soars amid manufacturing boom
Coal-fired power generation in China rose 7.3% y/y in April, outpacing overall power output amid an ongoing manufacturing boom threatening to derail efforts to curb carbon emissions.
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CP Daily: Monday May 14, 2018
A daily summary of our news plus bite-sized updates from around the world.
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Virginia’s Dominion Energy plans to throttle biomass power
The largest utility in Virginia plans on cutting output at or shutting its biomass-powered facilities, it has announced, as the US state remains undecided how it will treat the renewable energy source in its planned cap-and-trade scheme modelled after RGGI.
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Various Roles, Verra (VCS) – Washington DC
We are committed to making Verra a great place to work. Below are the current employment opportunities.
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CO2 emissions from burgeoning ‘South-South’ trade may threaten climate goals -study
The growth in trade between developing countries in the first decade of the 21st century, fuelled by the offshoring of manufacturing to lower-wage economies, has led to a surge in emissions that threatens the climate goals of the Paris Agreement, according to a study released on Monday.
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EU Market: EUAs claw back losses after weak auction, as weekly sale supply triples
EU carbon prices clawed back early losses to finish flat on Monday after the market struggled to absorb the day’s auction amid a return to normal sale supply following last week’s scarce offering.
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Nova Scotia joins WCI to tap technical expertise
Nova Scotia has joined the Western Climate Initiative (WCI), it announced on Monday, as the province advances the development of its cap-and-trade system with a view to launching it early next year.
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Portfolio Manager, South Pole – Amsterdam/London/Stockholm
In this role you will be part of our Portfolio Management team, responsible for overseeing and developing business for the sales of carbon credits and Renewable Energy Certificates (RECs).
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Junior Portfolio Manager, South Pole – Amsterdam/London/Stockholm
In this role you will be part of our Portfolio Management team, responsible for overseeing and developing business for the sales of carbon credits and Renewable Energy Certificates (RECs).
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Australia’s emissions rise for third straight year
Australia’s greenhouse gas emissions rose 1.5% in 2017, according to official data released just days after the government halved its climate spending.
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CP Daily: Friday May 11, 2018
Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORIES Switzerland approaches countries to host pilot crediting under Paris Agreement Switzerland has begun talks with several developing nations to test pilot GHG-cutting initiatives, aiming to secure carbon credits that could […]
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EU Market: EUAs extend 7-yr high, lock in 12% weekly gain despite looming auction return
EU carbon prices hit a new seven-year high near €15 on Friday, extending this week's strong gains in thinner holiday trade despite next week’s return to normal auction levels.
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