Carbon Pulse

Organization: Asian Development Bank (ADB) Position: Environment Specialist Duty Station: Manila, Philippines Deadline for Application: 11 June 2021

Organization: Climate Bonds Initiative (CBI) Position: Head of Climate Sustainability Standards Duty Station: London or EU Deadline for Application: 4 June 2021

Organization: Wildlife Works Carbon (WWC) Position: Forest Science / GIS Analyst - Carbon Development, REDD+ Avoided Deforestation Projects Duty Station: Burlington, VT, US Deadline for Application: until suitable applicant is found

Organization: Washington Environmental Council Position: Climate and Clean Energy Manager Duty Station: Seattle, WA, US Deadline for Application: 4 June 2021

The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.

Japan’s Nihonkai Gas will start selling carbon neutral gas to its commercial and industrial customers this summer, it said Monday, after announcing its first carbon offset purchase.

Australia’s greenhouse gas emissions fell 5% year-on-year in 2020 to their lowest levels in three decades, as the pandemic muted transportation and the share of renewables in electricity production continued to rise.

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

Speculators’ California Carbon Allowance (CCA) length surged to an all-time high over the past week, as emitters held a cumulative net short across the V20-22 contracts for the first time since last spring, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs slumped to a one-week low just above €50 on Friday to notch a 1.4% weekly loss, while UKAs also sank as it emerged Britain was considering boosting this year's auction supply.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in California and Massachusetts.

EU carbon will average €50 for the remainder of this year, analysts predict, with a number of bullish factors leading them to raise their forecasts for both 2021 and 2022.

The Nova Scotia government is mulling its options for post-2022 carbon pricing, according to a discussion paper released Thursday, suggesting the Canadian province could choose an alternative to its cap-and-trade scheme going forward. 

The UK government may significantly increase the amount of carbon allowances to be sold under the country's new emissions trading scheme this year, Carbon Pulse has learned.

An offset retailer has rejected around 90% of nature-based projects it has examined and is insisting clients buy almost four carbon credits for every tonne emitted from a chosen few initiatives to ensure an effective contribution to climate action.

Germany selected 62 green hydrogen projects as eligible for state financing on Friday, with a large share intended to decarbonise the country's energy-intensive industries.

China will set a 10% limit on daily price movements in its emissions trading scheme, while block trades will have to stay within 30% of on-screen prices, the chairman of the carbon exchange in Shanghai told local media on Friday.

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

California Carbon Allowance (CCA) prices climbed on thin secondary market volume as entities awaited the Q2 WCI auction results, while RGGI Allowances (RGAs) sank to $8 ahead of the programme’s own quarterly sale next week. 

The California-Quebec Q2 auction settled underneath the secondary market on Thursday as speculators purchased their largest share ever, while the auction set an all-time high and landed on the upper end of market expectations.