Carbon Pulse

The DPIE is looking for an experienced Portfolio Manager that will provide support and leadership in the planning, analysis, prioritisation, optimisation and management of the NSW Climate Change Fund.

“Huge financial resources” that Poland’s energy sector could be spending on the low-carbon transition are instead ending up “in the accounts of foreign hedge funds” that are driving EU carbon prices to record levels, warned the incoming head of one of the country’s utilities, while another expert said this is creating a "live and let die" situation for ETS participants.

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

CO2 output under the US Northeast and Mid-Atlantic RGGI cap-and-trade programme rose by 17% during the first quarter of 2021 even when excluding new member Virginia, as the return of several coal plants to the grid boosted emissions, according to data updated Friday.

With our Bioenergy with Carbon Capture and Storage (BECCS) project, we are targeting becoming the world’s first carbon negative power station from 2027. We’ll be producing negative emissions which will help decarbonise the UK economy and we’ll also be in a position to help other corporations meet their net zero ambitions too. That’s where you come in.

Regulated entities came closer to holding a cumulative California Carbon Allowance (CCA) short position this week for the first time in over a year, while financial entities continued their months-long permit accumulation, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Credit generation under the California Low Carbon Fuel Standard (LCFS) grew by nearly 5% during the fourth quarter of 2020, with record volumes from biofuels and electric vehicles propped up by a fall in deficit generation from petroleum-based options.

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

*PREMIUM LISTING (viewable by non-subscribers until May 31) – The purpose of this role is to lead South Pole’s Nature Based solutions (NBS) practice within the Sourcing Function. Reporting directly to the Director of Global Sourcing, in this leadership role, you are accountable for overseeing all NBS operations and activities.

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 Illinois, Pennsylvania, and New Jersey.

EUAs briefly dropped below €48 on Friday after a weak auction and as traders adopt a more cautious outlook for the coming month following the passing of the end-April ETS compliance deadline.

*PREMIUM LISTING (viewable by non-subscribers until May 31) – Our Climate Strategies Consultancy team partners with global corporate leaders in sustainability. Wherever our clients are on their climate journey, we provide them with unique and unparalleled technical expertise. Our success relies on deep knowledge, trust and accountability - we inspire climate action every step of the way, every single day!

The European Commission is not ruling out presenting its EU climate package in July as it is still finalising work on a number of policy proposals, a senior EU official said Thursday, which may delay by several weeks proposals including the review of the bloc’s carbon market.

California regulator ARB repeatedly pushed back against researchers’ conclusions that the state’s forestry offset protocol allows for inaccurate baseline levels and developers to utilise those loopholes to inflate credit issuances, according to responses published by the agency on Thursday.

We are looking for an outstanding and experienced international climate policy expert to join our growing team and lead multiple aspects of our policy work.

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

In this exciting opportunity you will be originating and structuring voluntary carbon projects. As part of a global team, you will be focused on voluntary carbon offtake transactions, carbon neutral commodity transactions and other structured carbon-related transactions.

US-based carbon offset developer C-Quest Capital announced the final leg of a programme to deploy clean cookstoves across Sub-Saharan Africa on Wednesday, signing a voluntary emissions reduction (VER) offtake deal with oil major BP.

We seek a Senior Carbon Market Analyst to join our team of highly regarded market experts covering the European carbon market at LSEG. The candidate will be part of a team responsible for the market commentary and trading analysis, price forecasting and writing market reports for Eikon data platform clients.

US software company Salesforce on Thursday announced it will require all suppliers to set long-term net-zero objectives under the Science-Based Targets Initiative (SBTi), while offsetting all current emissions associated with the delivery of goods and services to the company.