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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 37 min ago
Carbon/Emissions Broker, Magus – London
We are looking to hire established carbon/emissions brokers (individuals or teams) to join an ambitious and growing firm. Offering immediate access to clients with no competing internal desks or unproductive legacy relationships, we can offer highly competitive and contractual performance-based remuneration and the exciting opportunity to build their team in a new market for the firm.
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Enhanced US Paris target of 50% emissions cut feasible but ambitious -researchers
A near doubling in the US’s Paris Agreement emissions reduction target is within reach, but still requires contributions from all economic sectors, researchers said Thursday.
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US FERC finalises electricity sector carbon pricing statement
The US Federal Energy Regulatory Commission (FERC) finalised a carbon pricing policy statement on Thursday to inform future market rules for regional grid operators, with the agency concluding that incorporating a CO2 price on wholesale power markets was within its purview.
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NA Markets: CCAs rise on bullish 2022 floor price outlook, as RGGI stalls on low compliance demand
California Carbon Allowance (CCA) prices climbed on the secondary market this week due to rising 2022 floor expectations and an uptick of spread trading, while RGGI Allowance (RGA) values stagnated despite participants’ growing beliefs of unmet demand from emitters.
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EU carbon market volume soars, though auction support waning -report
EU ETS trading volume rose by more than a fifth in 2020 even as interest in auctions dwindled somewhat, according to a report published on Thursday.
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Financial regulators, carbon pricing key to achieving net zero emissions -panel
US financial regulators universally agree on the need for carbon pricing and a clear mandate to address climate change as a systemic financial risk, though data availability remains a challenge, participants said at a virtual panel on Thursday.
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Shipping likely to be shielded from other EU carbon market sectors, say analysts
The EU is likely to only partially link shipping to other carbon market sectors when it includes maritime in its cap-and-trade system, analysts said in a report released Thursday, adding that any move to include shipping would be unlikely before 2023.
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Apple creates $200-mln forestry fund with eye toward decarbonisation goal
Apple announced a fund on Thursday to invest in profitable forestry projects that remove carbon, with the tech giant aiming to use the GHG reductions to reach its 2030 CO2 neutrality goal.
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Canadian Conservatives put forth altered CO2 levy, OBPS structure in new climate plan
The Conservative Party of Canada (CPC) revealed its new climate change strategy on Thursday, with Leader Erin O’Toole proposing to redesign and lower the Liberal government’s carbon charge on fossil fuels while conditioning future price increases under the federal ‘backstop’ output-based pricing system (OBPS) on carbon rates in the US and EU.
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EU Market: EUAs lift to within reach of record amid buoyant markets
EUAs climbed back above €44 on Thursday, coming close to re-testing this week's record level as wider markets lifted on optimism about the pace of economic recovery.
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Business groups urge UK, EU to link their carbon markets
Over 40 UK and EU industry bodies are urging their respective governments to link the new British carbon market to its EU counterpart, seeking more efficient emissions cuts and lower carbon leakage risks in post-Brexit Europe.
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Singapore imports first carbon neutral LNG cargo
Singapore-based trader Pavilion Energy has imported its first cargo of carbon offset-backed LNG, which will be sold on to its downstream customers in the country, the company announced Thursday.
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South Korea posts 6% drop in carbon market emissions in 2020
Participants in South Korea’s emissions trading scheme emitted 6% less CO2 in 2020 than in the previous year, according to the environment ministry, which said it likely would take further measures to address weak demand and plummeting KAU prices.
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CP Daily: Wednesday April 14, 2021
A daily summary of our news plus bite-sized updates from around the world.
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China carbon market faces surplus of 1.56 bln allowances for 2019-20, analysts find
China is likely to have oversupplied its national emissions trading scheme by as much as 1.56 billion allowances for 2019 and 2020, pushing the fair value of permits in the market to zero.
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Canadian ETF provider seeks approval for carbon neutral North American blue chip index funds
A Canadian ETF provider has applied to introduce a series of funds that track major North American equity indexes while offsetting a portion of the emissions of the constituent companies.
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Shell, C-Quest ink deal to generate 60 mln VERs from African cookstoves
US-based offset developer C-Quest Capital on Tuesday announced it signed an agreement with oil major Shell to fund the generation of more than 60 million verified emission reductions (VERs) from cookstoves in Africa, with even more supply set to emerge.
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California mints 260k new offsets with DEBs-eligible ODS projects netting the bulk
California regulator ARB issued more than 260,000 new offsets this week, with the ozone-depleting substance (ODS) protocol accounting for the majority of these and with all qualifying as providing direct environmental benefits to the state (DEBs), according to data published Wednesday.
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LCFS Market: California credits inch back from recent plunge
California Low Carbon Fuel Standard (LCFS) credit values edged above $180 this week after suffering their greatest losses since the onset of the COVID-19 pandemic, while market participants questioned how much further credit prices could rise going forward.
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EU gas grid operators set vision for 2040 hydrogen network roadmap
Some 23 national gas transmission system operators (TSOs) from 21 European countries have joined an initiative setting a roadmap for a renewable and low-carbon hydrogen pipeline network by 2040 that mostly repurposes existing gas infrastructure.
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