Carbon Pulse

EU leaders meet with their Western Balkans counterparts on Wednesday to discuss the bloc’s criteria for EU accession – including climate and energy policy – while a report shows that a coal exit in the region by 2040 is feasible and cost effective, given the bloc's looming border carbon levy on imports and other risks.

Quebec’s WCI-covered GHG emissions declined nearly 10% in 2020 amid coronavirus travel and economic restrictions, but still overshot the allowance budget for the year under the cap-and-trade programme, according to provincial data published Friday.

Allowance prices under the WCI and RGGI cap-and-trade programmes lifted to new all-time highs on Monday as traders reported steady financial interest and some compliance buying was pushing values higher.

Principal climate change policy specialist to support business development and delivery within Policy, Strategy and Economics Practice.

UK Prime Minister Boris Johnson wants Britain to have a fully “clean” power grid by 2035, he said on Monday, aligning with expert views on how to meet the country’s climate goals.

EUAs on Monday rose to their highest since the market set a new record last week, as the new quarter encouraged traders to put on new positions while wider energy markets surged.

Nature-Based Solutions (NBS) is TotalEnergies business division in charge of investing in, scaling-up and managing integrated and communities-inclusive nature-based operations that capture carbon. The purpose is to build the Company's negative carbon reserves in line with the core climate and neutrality strategy and the overall transformation of the Company toward a multi-energies carbon neutral corporation. NBS is looking for a new Senior Project manager, based in Papua New Guinea (PNG) - probably 6 months first based in Paris for integration in the team.

Governments should move faster and more decisively in their support for low-carbon hydrogen if the sector is to fulfill its potential in contributing to a global net zero emissions energy system, the International Energy Agency (IEA) said in a report released on Monday.  

Japan’s parliament on Monday elected Fumio Kishida as the nation’s new prime minister, with observers unsure what to expect from the leadership change in a crucial period for the roll-out of new climate and energy policies.

A 12-month fixed term contract that includes understanding and mitigating future carbon liability across the South32 operating jurisdictions.

Mott MacDonald is looking for a dynamic Carbon & Net Zero Consultant to join its newly formed Net Zero Advisory team on a permanent basis in our Melbourne office.

The New Zealand environment ministry has released its NZU auctioning calendar for next year, with the first sale due in mid-March.

Austria will introduce a German-inspired carbon tax on domestic transport and building emissions from 2022, the conservative-greens coalition government announced Sunday as it unveiled larger tax reforms.

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

The UK government should consider replacing its raft of climate policies and carbon pricing schemes with a single tax to help it more easily reach its mid-century net zero emissions target, a think-tank said early Saturday.

The White House and Democratic lawmakers have reached agreement to boost the US tax credit for carbon capture and storage (CCS) to $85/tonne, according to media reports, a level that could see more industrial emitters adopting the technology while also providing a boost to the country’s oil and gas sector.

Speculator net length in WCI allowances suffered its largest draw since Sep. 2020, according to US Commodity Futures Trading Commission (CFTC) data published Friday, while compliance entities held fast to their net short positions over the past week.

Delayed legislative votes caused by Democrat in-party wrangling are raising questions on how the Biden Administration will move forward with its climate change policies ahead of COP26, with both the Infrastructure and Reconciliation bills crucial for climate action.

A European Parliament resolution to seek restrictions on speculation in the bloc’s carbon market could still be tabled in the coming weeks, EU sources told Carbon Pulse on Friday, despite an initial rejection by political leaders.

The UK’s carbon market faces the prospect of being the third ETS in the world to inject additional permits to try to restrain soaring prices, as the cost of permits in the nascent scheme has risen more than 40% above its Cost Containment Mechanism's current trigger level.