Carbon Pulse

New Zealand carbon allowances rose to a fresh record on Tuesday, climbing towards this year’s auction cost containment reserve (CCR) trigger level, though volumes were modest with many traders away on summer holiday.

Vietnam has issued a decree outlining crucial steps towards launching a domestic emissions trading scheme and accompanying offset market later this decade as well as relations to global carbon markets.

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

As Senior Research Officer in our climate change corporate engagement team, you will be responsible for developing high-quality research to inform our campaigns across a range of sectors. Our current focus looks at sectors related to heavy industry and commitments to timebound, credible decarbonisation plans aligned with a 1.5C pathway.

The Federal Climate Policy Director/Manager will lead Pacific Environment’s efforts to influence the Biden-Harris administration, federal agencies, and Congress on climate issues generally and on zero-emission shipping, ports, and freight in particular. The Director’s/Manager’s advocacy will seek to advance environmental justice in port communities, secure clean/zero-emissions standards for ships using U.S. ports, secure the green infrastructure needed to transform American ports for zero-emission shipping, and ensure family-sustaining union careers.

Voluntary emissions reduction (VER) prices trended in opposite directions this week for different exchange-traded product categories, while Xpansiv market CBL’s Core-GEO (C-GEO) contract saw its first activity after its mid-week launch.

US GHG output bounced back last year amid the economic recovery from the earlier waves of the COVID-19 pandemic, taking emissions further away from the country’s enhanced Paris Agreement target, according to a report published Monday.

Pennsylvania Governor Tom Wolf (D) on Monday disapproved and returned a resolution to block the state’s RGGI-aligned cap-and-trade regulation, arguing the General Assembly failed to act on the document in time and that the rulemaking should go into effect.

COP26 President-Designate Alok Sharma touted the UK’s strong delivery of the UN Glasgow climate talks on Monday, but was forced to defend his government's credibility on domestic climate action amid lawmaker doubts about how well measures are coordinated across departments.

As the Senior Environmental Planner, Cap and Invest Program and EITEs, you will be an important member of the team working to ensure the success of this program.  We are looking for someone who will be an expert on carbon markets, the cap and invest program, and emissions-intensive, trade-exposed industries.

Persistently high energy prices risk leading to unsustainable inflation that may push the European Central Bank (ECB) to raise its initial forecasts, ECB board member Isabel Schnabel said on Saturday, stressing that the bloc's climate policies likely mean high energy values will linger or even increase further.

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.

The price of carbon offsets will surge over the next few decades to $47-120 per tonne by 2050, up from around $2.50 in 2020, according to report from an energy research firm released on Monday.

EU Allowance prices slumped in thin trade, as daily auctions resumed on a weak note amid lower energy prices. 

China’s carbon market has considerable room for rising prices in this decade, though there is also a risk the value of CO2 allowances might stagnate depending on the market’s regulatory settings, according to analysts.

This role will be accountable for setting the bank's climate strategy and commitments with respect to Financed Emissions, Sustainability Funding Target and Green Opportunities.

The Senior Adviser (Carbon Neutral Programme) within Strategy and Planningwill support, plan and deliver initiatives within MPI's Carbon Neutral Programme strategy and the SLT's priorities internally and externally.

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

Only political intervention can stop EU carbon allowances from moving higher, an analyst warned Friday, predicting that prices would average €100 over the next two years.

Financial players increased their net long California Carbon Allowance (CCA) position over the New Years’ holiday, while compliance entities shaved their net short, according to US Commodity Futures Trading Commission (CFTC) data published Friday.