Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 40 min 11 sec ago
Virginia industry group pushes back on RGGI auction switch, labels programme an illegal tax
An industry group claimed Virginia’s revised RGGI regulation failed to adhere to enacting legislation in shifting to state-run auctions, while the finalised cap-and-trade rule should be stuck down as an illegal tax, according to a brief filed this week.
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VER prices of $100/tonne necessary to attain return on investment -private jet broker
Voluntary emissions reduction (VER) prices are currently significantly undervalued, and must rise by several orders of magnitude in order to guarantee financial returns and ramp up climate ambition, the CEO of a private jet charter broker said Tuesday.
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EU emitters turn in nearly 1.6 billion Kyoto credits since 2008, as cheap ETS compliance option ends
Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.
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World sees 18% increase in global carbon pricing revenue in 2020 – World Bank
Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Thursday by the World Bank.
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North Carolina committee to consider RGGI rulemaking petition in June
North Carolina’s Air Quality Committee (AQC) will consider a petition next month to join the RGGI cap-and-trade programme via regulatory channels, with green groups arguing the proposed rulemaking would help the state reach long-term climate goals.
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EU leaders fail to agree over national GHG reduction targets from non-ETS sectors
The 27-nation EU’s heads of state and government on Tuesday failed to reach an agreement over the fate of national emissions reduction targets for sectors outside the bloc’s carbon market in a debate meant to provide guidance to the European Commission’s upcoming climate package.
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Euro Markets: EUA recovery falters after weak auction, as UKAs flirt with record highs
EU carbon prices gained as much as a euro early Tuesday but fell back towards €52 following one of the weakest auctions of the year, while UK Allowance prices tested their recently record highs.
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China Originator, BP – Shanghai
Responsible for delivering deal origination and execution, including agreements and complex structured transactions, providing deal assurance, driving new and existing business growth, leveraging BP's customer base, cross bench offerings and structured products, and building strategic relationships in support of these activities to maximise value.
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CP Daily: Monday May 24, 2021
A daily summary of our news plus bite-sized updates from around the world.
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VCM Report: VER prices rise, voluntary buyers maintain California offset demand
Voluntary emissions reduction (VER) values increased this week amid reluctant sellers and a wider bullish trend in global carbon, while traders said voluntary carbon market (VCM) buyers continued to procure small volumes of compliance-grade credits generated through the California cap-and-trade programme.
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US non-profit to fund CO2 removal technology through carbon allowance purchases
A new non-profit organisation is aiming to reduce carbon emissions by investing in North American cap-and-trade programmes, with allowance revenues funnelled back into commercialising CO2 removal technologies.
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California gasoline consumption slips in February for second straight month
California fuel consumption dropped year-on-year for the second consecutive month in February as the ongoing COVID-19 pandemic continued to cause a slump in Golden State demand, according to state data released Monday.
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Oregon Clean Fuels Program rebounds with small credit surplus in Q4
The Oregon Clean Fuels Program (OCFP) recorded a modest credit build during the final quarter of 2020 after registering a deficit in Q3, with renewable diesel (RD) and electric vehicles helping lead the rebound, new state data showed.
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Swiss initiative proposes blueprint for climate neutral commodity trade
A Swiss non-profit has developed a method for standardising climate neutral commodity transactions, including setting vintage limits for the seven eligible offset standards.
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European Markets: EUAs gain 2% in quiet trade as rebound continues
EUAs lifted by more than a euro on Monday in quiet holiday trade, consolidating last week's volatile rebound as observers expected more sedate activity this week despite their overall bullish sentiment.
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Australia Market Roundup: Latest ACCU issuance tops 1.1 mln, as regulator floats new soil carbon method
Australia’s Clean Energy Regulator has minted more than 1.1 million new carbon credits in its latest issuance round that included awarding nearly 500,000 to one energy company, while a much-awaited new draft version of an updated soil carbon method has been released for comments.
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Carbon Programs Manager, CO2 Australia Limited – ACT
The Carbon Programs Manager is responsible for managing project teams, budgets, contracts and schedules to meet CO2 Australia’s contractual obligations.
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Low Carbon Trader, bp – Singapore
The Low Carbon Trader will trade carbon emission credits & associated environmental products within the Low Carbon Trading (LCT) Team and will be integral to the success of bp’s low carbon energy transition.
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China looking to add two sectors to ETS next year -exchange
China is looking to bring two more sectors into its national emissions trading scheme from next year, according to the chairman of the carbon exchange in Shanghai.
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CP Daily: Friday May 21, 2021
A daily summary of our news plus bite-sized updates from around the world.
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