Carbon Pulse

US President Joe Biden has invited 40 world leaders to the two-day virtual Leaders Summit on Climate starting on Thursday, aiming to spur nations to ratchet up their Paris Agreement emissions pledges after bringing his country back into the 2015 UN pact upon taking office.

Trading firm Sumitomo Corp. and Boston-based Indigo Ag have agreed to explore a wide range of business opportunities related to generating carbon credits from agricultural technology and soil carbon projects in Japan and Asia.

*PREMIUM LISTING (viewable by non-subscribers until May 24) – In this role within the Portfolio Management unit, you will be responsible for South Pole's procurement of carbon credits; for structuring and closing carbon credit transactions. You will develop business with project developers, retailers, intermediaries and wholesale companies active in carbon markets.

*PREMIUM LISTING (viewable by non-subscribers until May 24) – The purpose of this role is to lead the regional Carbon Procurement practice for the Projects and Markets Unit in North America. In this role, you will provide guidance and direction to the regional team, to ensure they effectively execute our global Projects & Markets strategy within the region.

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

The key role of the Manager/Director, ESG & Carbon Solutions is to build relationships and sell soil carbon storage credits to corporate buyers.

Further clarity this fall on the Paris Agreement’s rules for international emissions trade could incentivise additional financing in low-carbon initiatives to reach long-term GHG goals, while some sectors are seeing rising competition in the voluntary offset space, a panel heard Wednesday. 

The European Bank for Reconstruction and Development (EBRD) is working with Turkey to develop a domestic carbon market in order to prepare the country – one of the EU’s largest trading partners – for the introduction of protective border measures by the neighbouring bloc.

UN climate envoy Mark Carney and a dozen government and financial leaders on Wednesday unveiled an alliance to coordinate standards and practices for net zero commitments worldwide in the lead-up this fall's COP26 climate summit. 

President Joe Biden’s clean energy-focused proposals should face the Senate’s 60-vote threshold instead of a simple majority through the budget reconciliation process, Senator Joe Manchin (D) said Wednesday, as the key swing vote also voiced his continued opposition to a carbon tax.

This is a permanent position, reporting to the Director Product and Life Cycle Sustainability who is a member of the management team of the central sustainability organisation. The Product & Life Cycle Sustainability team is a group of seven, including the position Senior Manager Climate & Standards. This is a new role, playing a key part in realising Tetra Pak’s 2030 sustainability ambitions. 

Some 226 of the world’s 500 biggest companies utilise internal carbon pricing, an 80% rise over the past five years, according to a survey published on Wednesday.

BeZero is looking for an Earth and / or Environmental scientist to join our carbon offsetting ratings team. We are looking for a candidate to bring further knowledge and rigour to building out this highly innovative and impactful product. The ideal candidate would have experience of the Voluntary Carbon Offset Market.

Pollination is looking for a Director to join our growing team. With specific focus on developing our advisory offering related to all aspects of the carbon market you will have deep expertise in this area to compliment the world leading expertise already in place at Pollination.

The European Commission will wait until later this year to decide the fate of natural gas and nuclear energy in the EU’s sustainable finance taxonomy, a communication released Wednesday confirmed, as the bloc’s 27 capitals and MEPs are split over the role of gas in the energy transition.

EUAs continued their record-busting run on Wednesday, climbing to within a cent of €46 amid what traders said was speculative buying and last-minute compliance demand and as negotiators agreed on the bloc's overall 2030 emissions target.

Australia on Wednesday announced A$540 million ($417 mln) in new funding for CCS and hydrogen technology, a move observers say likely means the government will make no new GHG target commitments at this week's global climate summit.

South Korean emissions allowances notched a fifth consecutive session of gains Wednesday, as the temporary price floor and fresh demand pushed prices to a two-week high.

EU decision-makers sealed early on Wednesday an agreement on the European Climate Law setting the bloc’s net zero objective by 2050 into law, while maintaining the 2030 climate ‘net’ target of at least 55% below 1990 levels.

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