Carbon Pulse

The Senior Program Officer, Climate will coordinate and help implement projects that shape climate policy in Asia, including the High Level Policy Commission on Getting Asia to Net Zero. The position supports the Associate Director of Climate. It is a 15-month, grant-funded position, with strong potential for extension.  

Reporting to the IETA EU Policy Director and based at its Brussels office, this full-time position offers you the opportunity to contribute to a highly respected and impactful multi-sector member organisation.

The UK government has issued £8.7 mln in new fines resulting from EU ETS non-compliance.

The Head of Carbon will lead work to ensure that Mafisa is successfully validated in 2023, and that credits are subsequently verified. This requires extensive work to ensure that the program fulfils necessary requirements, and that all activities are adequately reported.

Exchange operator ICE on Friday announced it will list three Washington Carbon Allowance (WCA) futures contracts for trading in March, coming several months into the operation of the WCI-modelled cap-and-trade system.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including accelerated clean power targets in New Jersey and Maine.

A US-based carbon offset investor and consultancy this week advanced a strategic partnership that could see the firm eventually acquire tens of millions of offsets from a proposed Canadian improved forest management project, which it said will be the largest in the Western Hemisphere.

The ID seeks to recruit carbon market professionals in climate governance and carbon markets to work on project management, technical analysis, and administrative support.  The successful candidate will be part of the team supporting capacity building projects to implement Article 6 of the Paris Agreement.

The main responsibility of the Carbon Market specialist will be to provide science-based support in the areas of: GHG, SDG, and transformational impact assessment, institutional development for carbon market accounting and reporting of Internationally Traded Mitigation Outcomes (ITMOs), and transparency for tracking progress of NDCs enabling ambition raising.

Researchers have urged the EU to bolster the market regulator's powers to scrutinise EU ETS trading activity, according to consultation responses this week that revealed others wanting rule changes due this year to only be the first step in a progressive deepening of oversight into the bloc's carbon market.

The International Chamber of Shipping is proposing a fast-starting $50/tonne “fund and reward” carbon levy for governments to adopt at upcoming crunch UN talks to address the maritime sector’s climate impact.

Companies will soon be on the hook to disclose their full scope of value-chain emissions, but while many are already including these under their own climate targets, the process is riddled with technical complexities that are dampening the incentive to act.

EUAs made a modest move higher on Friday morning, reaching a new six-month high amid very light trading before sinking back as the strength of the recent rally towards €100 appeared to dissipate.

German utility Uniper reported a 15% drop in fossil fuel burn covered by the EU ETS in full-year results published Friday, also taking a €4 billion hit to revenues after losing its Russian subsidiary due to the war in Ukraine, while France's EDF posted a record loss due to extreme lows in nuclear availability.

Brazil-headquartered SocialCarbon on Friday released a methodology for public consultation that will award carbon credits for dealing with harmful algae blooms in freshwater, its latest in a growing number of carbon methodologies with strong biodiversity components.

The spot price ticked up only marginally in China’s emissions trading scheme over the past week as two block trades adding some much-needed liquidity to the market, though companies remain eager for fresh policy direction.

Adelaide Festival in South Australia has partnered with developers Wilderlands to give attendees the opportunity to buy voluntary biodiversity credits from a wetlands conservation project, an early example of small-scale community events using the emerging market to help prop up nature protection.

A market expert has urged the Australian government to take its time to develop its nature repair market, warning that other jurisdictions pursuing similar schemes were sleep walking into a “massive greenwashing nightmare”.

South Korea's environment ministry is planning to punish companies that make forged sustainability claims with a fine of up to 3 million won ($2,300), following a string of legal complaints against large companies accused of greenwashing, including through carbon offset use.

The Papua New Guinean government has attempted to quell fears over its governance of carbon market projects in the country, following a critical investigation by Australian new programme, Four Corners.