Carbon Pulse

*PREMIUM LISTING - Responding to the increasing interest in blue carbon project development across the global marine portfolio, you will play a vital role in undertaking project feasibility assessments and supporting field teams and partners in the development of blue carbon projects, including addressing key knowledge gaps. This is an opportunity to lead the development of blue carbon focused projects at a global scale, helping to drive profound and positive change for communities and biodiversity reliant on vulnerable coastal ecosystems.

California Carbon Allowance (CCA) prices continued to bounce back from multi-month lows this week even as trading activity cooled down, while RGGI Allowances (RGAs) dropped after the publication of Q1 auction results and a Virginia report detailing its plan to exit the cap-and-trade programme.

A US federal appeals court reinstated the use of interim ‘social cost of carbon’ (SCC) estimates on Wednesday, after a lower court had blocked the key climate metric from being used by President Joe Biden's government agencies to measure the benefits of reducing GHG emissions.

An EU stop to Russian oil and coal imports would be relatively less painful than the planned gas phaseout and the bloc could endure a short adjustment period in order to cut all energy ties with Moscow, analysts suggest.

A growing number of EU member states are prepared to support a second ETS for buildings and transport, a meeting of the bloc’s environment ministers showed on Thursday, though wrangling over a related fund risks sowing division.

EUAs erased early losses in very thin trade on Thursday as traders appeared to stay on the sidelines waiting for more news from Ukraine, while energy markets were firmer after Russia said that negotiations with Ukraine over a ceasefire had not progressed.

CQC is seeking to hire an additional Investment Associate and an Investment Analyst to join its Sydney-based investment team. These are roles in the burgeoning international carbon markets.

Asia-Pacific companies need to adapt more far-reaching climate targets and provide better data, a survey has found.

An Australian offset project developer has urged the government to delay the implementation of a new rule that allows sellers to exit their contracts with the Emissions Reductions Fund, and cap the volume of carbon credits that can be sold on the voluntary market instead.

Australia's Clean Energy Regulator expects both supply and demand in the nation's offset market to rise to record highs this year, with data showing brokers, traders, and financial institutions becoming far more involved.

A Chinese verifier caught falsifying data for participants in the national emissions trading scheme will no longer provide services related to the carbon market.

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

A varied role assisting an exciting climate finance start-up to develop and launch its first product in the UK. The nature of the current project means you will be required to support a variety of tasks and deliverables, making this a great opportunity to obtain exposure to a range of business functions in fast-moving climate and nature finance.

*PREMIUM LISTING – Given significant developments in the global environmental and social context, governments and private-sector actors are increasingly engaging in a variety of activities that provide opportunities for Verra's standards. This includes a growing focus on the Sustainable Development Goals and reducing plastic waste, which Verra's programs are well placed to support, and which motivates Verra's interest in hiring a Director, Plastics and Sustainable Development Markets.

US-based agricultural carbon offset firm Agoro Carbon Alliance on Wednesday announced it will be officially carved out from Norwegian fertiliser company Yara.

California Low Carbon Fuel Standard (LCFS) credit values exacerbated their most recent weeks-long slide on Wednesday as traders wondered what influence worsening renewable diesel (RD) production margins might have on the programme.

Virginia Governor Glenn Youngkin (R) on Tuesday released the draft of an emergency regulation that would rescind the state’s RGGI-linked cap-and-trade programme, a move he said was necessary because the power sector scheme is deleteriously impacting ratepayers.

The European Commission on Wednesday approved plans by Spain and Czechia to compensate their ETS-covered industries for indirect costs caused by power producers passing on the cost of paying for their carbon allowances.

Austria’s OMV has unveiled a net zero strategy across all emissions scopes that will see it cease oil and gas production by 2050, prioritising carbon capture and storage (CCS) and other tech-based portfolio changes to meet the goal, the company said on Wednesday.

*PREMIUM LISTING - As part of the Carbon Offset & Green Energy Services (COGES) team, you will be responsible for screening, planning, developing and managing GHG emission reductions projects. You will have a strong background and focus on nature-based solutions, carbon capture, utilisation and storage (CCUS) projects and community-based projects and methodologies.