Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 38 min ago
PREVIEW: June RGGI auction expected to clear near secondary market, with eyes on compliance buying
The Q2 RGGI auction is expected to settle closer to the secondary market after notching a wide discount in March, with some market participants foreseeing the quarterly sale settling at a premium due to deferred compliance demand.
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ICIS head of European power and carbon analytics leaving to join boutique consultancy
The head of European power and carbon analytics at ICIS is leaving for a boutique consultancy, Carbon Pulse has learned.
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China govt agencies back Beijing as carbon offset market hub
Eight major government agencies and institutions have encouraged Beijing to set up an offset trading platform in its pilot free trade zone to act as the centre for the Chinese carbon credit market.
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South Korea suspends 5.1 mln allowance auction as KAU price crashes
South Korea on Wednesday announced it has cancelled plans to auction off 5.1 million CO2 permits next week with no plans to make those available before the June 30 annual compliance deadline, after the spot price in the secondary market has collapsed by nearly 20% in the past two days.
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CP Daily: Tuesday June 1, 2021
A daily summary of our news plus bite-sized updates from around the world.
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VCM Report: VER values continue to rise on low-cost credit demand
Voluntary emissions reduction (VER) prices this week maintained their upward trajectory seen over late spring, with voluntary carbon market (VCM) participants continuing to attribute the uptick to large buyers scooping up low-cost renewables credits.
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Switzerland, Thailand lay foundation for future Paris carbon credit deal
Switzerland intends to procure carbon offsets from Thailand under a joint statement signed by the two nations on Friday, marking the fourth arrangement for Paris-era international emissions trade orchestrated by Bern to date.
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Euro Markets: EUAs lift above €52 as energy prices rise, free allocations seen far off
EUA prices lifted above €52 in thin trade on Tuesday amid higher prices in energy and equity markets and as traders said Brussels appears to have made limited progress in handing out this year's free allocations.
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California initially foresaw substantially longer non-compliance period for partially invalidated Wisconsin offset project
California regulator ARB initially viewed a non-compliance issue at a Wisconsin dairy farm as a significantly longer period than it ultimately determined, with the offset project developer arguing the position would result in a financial loss of more than $600,000.
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Contracts for difference could have “distortive effects” on EU ETS price, say exchanges
Carbon contracts for difference (CCfDs), an increasingly touted measure across the EU to decarbonise heavy industries, could have “potentially distortive effects” on the bloc’s carbon market, according to a network of European energy exchanges.
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Spain seeks to curb windfall profits from nuclear and hydro amid soaring carbon price
Spain's government has introduced plans to curb windfall profits that nuclear and hydropower plants earn from the wholesale power market as a result of higher carbon prices, a measure designed to shield household and industrial consumers from soaring EU carbon market costs.
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CN Markets: CCER volumes fall in May as investors take break
Domestic offset prices in China’s carbon market remained firm throughout May, though volumes halved as investors took a step back after liquidity had spiked the previous month, while most of the action in the pilot schemes again took place in Guangdong.
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Nasdaq buys carbon removals platform Puro.earth
US stock exchange Nasdaq has taken a controlling stake in Finnish-based carbon removals platform Puro.earth, the latest deal reflecting soaring demand for high-end carbon credits based on eliminating rather than merely avoiding emissions.
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Brussels applies EU ETS free allocation factor for industries through 2025
The European Commission has applied a cross-sectoral correction factor (CSCF) for industry’s free carbon market allocations through 2025, a move that paves the way for 2021 EUA handouts later this summer.
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Voluntary Carbon Originator/Structurer, Macquarie – Singapore
In this exciting opportunity you will be originating and structuring voluntary carbon projects.
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Director, Blue Carbon – Asia-Pacific
CI is now seeking a self-motivated, creative team member to support the long-term growth and success of CI’s blue carbon programs within the Asia-Pacific Field Division.
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CMI Carbon Finance Advisor, The Carbon Market Institute – Melbourne/Remote
CMI requires a Carbon Finance Advisor, joining a passionate and dedicated team working with Australasian business leading the transition to net-zero emission by 2050.
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Senior Program Officer, Agriculture, Program Team, Verra – Washington DC/Remote
Verra is looking for a Senior Program Officer to support its work to foster climate impact and generate related environmental and social benefits in the agriculture sector through our VCS Program and other emerging standards, tools, and programs.
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Manager, Program Development, Verra – Washington DC/Remote
Verra’s Program Team is looking for a Manager, Program Development to support our work to foster climate impact and generate related environmental and social benefits through the VCS Program.
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Carbon Market Analyst, AirCarbon – Singapore
AirCarbon is seeking a junior business analyst in Singapore reporting to the Managing Director and COO.
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