Carbon Pulse

European carbon prices rose above €14 on Wednesday, coming within sight of their recent seven-year high as the flow of short-term supply paused and President Trump’s decision to pull the US out of an international nuclear pact with Iran lifted the wider energy complex.

The US-based Paulson Institute has launched a green finance centre in China to help the world’s biggest-polluting nation drive private funding to cut pollution levels and reduce greenhouse gas emissions.

Technology conglomerate Softbank and utility Tokyo Electric Power Co. (TEPCO) are among the participants in a new blockchain initiative in Japan that will allow rural consumers to trade renewable energy in a bid to cut emissions.

New Zealand carbon allowances saw their second consecutive day of losses on Wednesday as buyers took a breather after pushing prices up to near-record highs.

Australia’s Clean Energy Regulator on Wednesday released new methods for generating carbon credits from savanna burning projects in a move to ensure developers can also earn for sequestering carbon.

The ECF’s Climate Policy Team currently accepts applications for an enthusiastic and highly driven individual to join its Brussels team as “EU Climate Policy Intern” and gain professional experience in political communications on EU climate policy and politics.

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

Biofuels groups have secured the year-round sale of 15% ethanol blends (E15) under the US Renewable Fuels Standard (RFS) and avoided a price cap on Renewable Identification Numbers (RINs), lawmakers said on Tuesday, but several key questions about the programme remain unanswered.

The Connecticut Senate approved legislation late Monday that would double and amend the state’s Renewable Portfolio Standard (RPS), with the House soon set to weigh in on the text as the 2018 session draws to a close.

EU carbon prices were steady on Tuesday to hold on to the previous session’s holiday-fuelled gains, as weekly auction supply tightens to one of its lowest levels in 2018.

British Columbia has introduced legislation to scrap its near-term GHG reduction target and replace it with two interim goals en route to the province’s mid-century objective.

The European Commission cleared 44 big-emitting industries to receive free carbon allowances for 2021-30, reducing drastically the number of eligible sectors but retaining big polluters such as steel, cement, and chemicals.

The overall objective of the project is to contribute to climate change mitigation and adaptation and the development towards a resource-efficient, low-emissions and climate-resilient economy.

German utility Uniper held back on its hedging of forward power output for the second quarter in a row, its results showed on Tuesday, in potentially bullish news for carbon.

Australia’s emerging offset market is set to continue in low-key mode for the next year after the government budget released Tuesday halved climate spending and failed to replenish the Emissions Reduction Fund (ERF).

Australia is in pole position to lead the clean energy revolution, and should put a price on carbon to realise that potential, said leading economist Ross Garnaut.

The GCF Secretariat is seeking for a (Private Sector) Senior Climate Change Policy Specialist to support the strengthening of the investment programs of its Private Sector Facility with the view to improve the quality and climate rationale of future investments and to assist in the development of GCF’s private sector strategy by ensuring high climate rationale and high transformational potential.

Higher production from Alberta’s oil sands over the coming decade will see the Canadian province break its own target to limit GHG emissions in the carbon-intensive sector, according to new research published Monday.

Under the overall supervision of the Team Leader of Energy and Environment at UNDP China and the direct leadership of the Chief technical advisor for the feasibility study, the National Consultant will be responsible for conducting study of carbon emission regarding hydrogen production from ethanol reforming by leading relevant research, analyzing data available and compiling the research results to a report.

The Executive Director leads the work of the secretariat team and drives the growth of the organisation. They are responsible for designing the strategy and identifying new opportunities for growth whilst ensuring the organization stays true to its core mission and values.