Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 38 min 26 sec ago
PREVIEW: UK carbon market expected to open near EU ETS levels, though experts fear patchy trade
Carbon allowances in the new UK ETS are expected to trade in line or at a slight discount to their EU counterparts from the launch of trade on Wednesday, though concerns over liquidity and market design is leading some experts to believe UKA prices could surpass those on the continent in the coming months.
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PREVIEW: Speculative-fuelled CCA rises lead traders to foresee large Q2 WCI auction discount
Traders anticipate a steep discount to occur at the May 19 quarterly WCI auction, as California Carbon Allowance (CCA) prices have surged to near all-time highs on the secondary market this spring amid a wave of speculative interest.
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Energy & Climate Change Policy Research, Modelling, and Analysis, Pacific Northwest National Laboratory – Maryland
The Atmospheric Sciences and Global Change Division at Pacific Northwest National Laboratory (PNNL) and its Maryland based Joint Global Change Research Institute (JGCRI) seeks a candidate for a research, modelling and analysis role.
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EU Market: EUAs tumble 7% as slowing rally, onset of UK ETS supply trigger sell-off
EUAs plunged 7% on Tuesday as a pause in carbon's record-breaking run and the onset of the first supply under the new UK ETS helped trigger widespread selling, dragging down much of the European energy complex.
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RFS Market: Biodiesel RINs top $2 for all-time high as bull run continues
US biofuel credits (RINs) for biodiesel hit the $2 mark on Tuesday as climbing soybean oil values continued to lead prices under the Renewable Fuel Standard (RFS) to new records.
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Belarus drafts plan to shield itself from EU carbon border measures -media
Belarus is drafting a plan to shield itself from the effects of the EU’s planned carbon border adjustment mechanism (CBAM), a government official said Tuesday, according to national media reports.
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China carbon trader leaves Engie to lead US commodity firm’s Singapore environmental desk
Engie’s former head of carbon and power trading in China has left to take over as head of environmental product trading in Asia for a US-headquartered commodities merchant, in the latest sign that the CO2 trading job market in the Asia-Pacific region is heating up.
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ANALYSIS: Destined for a bumpy road, Chinese carbon traders go carefully into the ETS
Heralded as the ‘world’s biggest carbon market” for almost a decade, China’s national emissions trading scheme will likely be more modest than most of its peers when trading begins around a month from now, but stakeholders thought the market might still hold a few surprises.
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COMMENT: Financing carbon dioxide removals – what role for ETS in the race to net zero?
Carbon pricing and specifically emissions trading systems can play an important role in incentivising removals necessary for achieving Paris Agreement emissions targets, according to the ICAP Secretariat.
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No more fossil fuel projects to ensure 1.5C warming limit – IEA
There must be no more investment in new fossil fuel supply projects and no further sign-offs on unabated coal projects, the IEA said in a landmark report on how to achieve global net zero CO2 emissions in energy and industry without nature-based removals.
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UPDATE – Free permit allocations under UK ETS to come by end-May, meaning tiny supply pool for this week’s trading start
The UK is aiming to allocate the first free carbon allowances to emitters under its new ETS before the end of May, the government announced Tuesday, meaning trading in the market will very likely begin this week amid virtually no physical supply being available.
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Director, CAN Europe – Brussels
Organization: CAN Europe
Position: Director
Duty Station: Brussels, Belgium
Deadline for Application: 5 June 2021
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REDD+ Analyst, NatureBased Ventures – Remote (Europe/Asia preferred)
Organization: NatureBased Ventures
Position: REDD+ Analyst
Duty Station: Remote. Europe or Asia is preferred. The role may be able to start part-time if needed.
Deadline for Application: 31 May 2021
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Deputy Director, Climate Policy Team, HM Treasury – London
The Climate Policy is a new team that will act as the focal point for the department’s work on climate change. The precise shape, size and responsibilities of the new Climate Policy Team are still to be worked out and the new Deputy Director (DD), once appointed, will be expected to design and build the team working with colleagues within the Climate Energy and Environment Group within the Enterprise & Growth Unit and elsewhere in the department.
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CP Daily: Monday May 17, 2021
A daily summary of our news plus bite-sized updates from around the world.
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Washington governor vetoes gas tax ties in cap-and-trade, LCFS bills
Washington Governor Jay Inslee (D) on Monday vetoed provisions in carbon market and low-carbon fuel standard (LCFS) bills that tied the implementation of the programmes to passage of a higher gasoline tax, overruling a key compromise negotiated among legislators and drawing major pushback from members of both parties.
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Pennsylvania says regulatory timelines could delay RGGI implementation, as committee backs proposal
Pennsylvania’s Department of Environmental Protection (DEP) added quarterly emissions caps to its proposed RGGI regulation as the agency may not be able to promulgate the rule before 2022, the agency said Monday, while an advisory committee narrowly backed the final draft of the power sector cap-and-trade programme.
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VCM Report: VER prices tick up as supply shortage sustains
Voluntary emissions reduction (VER) prices bucked their recent downward trend this week as voluntary carbon market (VCM) participants continued to point to a lack of low-cost credits to satisfy demand.
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EU Market: EUAs stick below €57 as observers predict further record highs ahead
EU carbon prices failed to extend their record-breaking run on Monday, but observers largely maintained their bullish stance despite this week's jump in allowance auction volumes.
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NA Markets: California carbon pushes through $20 mark on continued investor interest
California Carbon Allowance (CCA) prices surged past $20 on the benchmark contract over Monday morning, as traders said speculative demand fuelled significant day-on-day rises for the second consecutive session.
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