Carbon Pulse

Two more EU carbon market veterans have parted ways with their respective employers, Carbon Pulse has learned.

As an integral member of Verra’s legal team, you will be responsible for providing authoritative substantive advice about the organization’s legal affairs. The role will involve identifying legal risks and developing legal responses to mitigate such risks, providing legal advice to all levels of the organization, instructing and working closely with external counsel, and mentoring and supporting junior staff.

The VCS Program provides methodologies that support REDD+ projects. The VCS Jurisdictional and Nested REDD+ (JNR) Framework is the world’s first accounting and verification framework for jurisdictional REDD+ programs and nested projects. Verra is looking for a Program Officer to lead the administration of and collaboration on our REDD+ work.

The British government is holding firm on its current ban on shale gas fracking, despite growing support from the ruling party to reverse the position in light of spiking energy costs, a minister told a conference on Monday.

EUA prices rallied on Monday morning while energy markets relaxed as Russia and Ukraine held a fourth round of talks aimed at ending the conflict in Ukraine.

Shenzhen has begun the process of consolidating all carbon allowance vintages in its emissions trading scheme into a single contract, a move likely to boost market liquidity and eliminate market manipulation.

The key purpose of this role is to deliver Accel's compliance with the National Greenhouse and Energy Reporting (NGER) scheme and support reporting under the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

Chinese regulators on Monday named verifiers guilty of faking data under the national emissions trading scheme, and pledged to take action to ensure similar cheating will not take place in the future.

A total of 680 financial institutions have asked the boards of thousands of companies to disclose data on their environmental impact, with dozens more signing letters of request sent out on Monday to further pressure firms to report their climate impact this year.

Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORY ANALYSIS: Labour shortage expected to exacerbate VCM supply bottleneck through 2022 Staff shortages among verifiers and registry bodies are clogging up the voluntary carbon market (VCM) project pipeline, with any potential […]

WCI compliance entities trimmed their net short position this week as California Carbon Allowance (CCA) prices burrowed six-month lows, while speculators’ net long holdings only slightly inched up according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Romanian utility Oltenia will receive state subsidies of €848.6 million for the purchase of EUAs, local media reported on Friday, adding that €535 mln of that will be available for compliance buying this year.

West Virginia Senator Joe Manchin on Friday dismissed the chances of an attempt to revive the stalled $1.8 trillion Build Back Better Act that carried much of the Biden administration's climate action plans, urging the US to drastically scale up fossil fuel production in response to Russia's invasion of Ukraine.

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 the passage of Washington state budget language to implement the state’s low-carbon fuel standard (LCFS) next year and the status of a Hawaii carbon tax bill.

Board members of California regulator ARB on Thursday voiced support for environmental justice and market watchdog recommendations to reform the state’s WCI-linked carbon market as part of the state’s 2022 Scoping Plan update.

Gabriel Boric was sworn in Friday as Chile’s youngest ever President, marking a fresh start to social and environmental policies in a country that is already scheduled for a revised constitution and new climate law this year.

European Commission President Ursula von der Leyen confirmed on Friday that her executive is formulating plans for the EU to end fossil fuel imports from Russia by no later than 2027, while announcing that a new flurry of sanctions will target Russian energy and heavy industry.

Staff shortages among verifiers and registry bodies are clogging up the voluntary carbon market (VCM) project pipeline, with any potential easing of the situation likely to take more than a year and issuances taking twice as long as in previous years, stakeholders have told Carbon Pulse.

The quarterly RGGI auction this week settled at a new all-time peak as compliance entities paid a premium to secure volume, though the sale fell short of triggering additional permits from the Cost Containment Reserve (CCR), according to results published Friday.

EUAs advanced on Friday morning after a strong auction outcome, reaching their highest level in more than a week as gas prices were flat amid optimistic reports from negotiations between Russia and Ukraine.