Carbon Pulse
![Subscribe to Carbon Pulse feed](https://www.seng.org.au/misc/feed.png)
![Carbon Pulse](https://carbon-pulse.com/wp-content/uploads/2024/01/cropped-apple-touch-icon-32x32.png)
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 43 min 13 sec ago
CP Daily: Wednesday January 27, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
Head of Power and Emissions Trading, Petroineos Trading – London
Reporting to the VP of LNG, Gas, Power, Renewable Energy and Emissions, the successful candidate will be responsible for leading the development of power and emissions trading, with the primary objective of growing the trading P/L and the power and emissions business on a sustainable basis.
Categories: Around The Web
Voluntary carbon market taskforce report targets quality, standardisation
High-integrity offsets and standardised over-the-counter contracts should factor into efforts to scale up the voluntary carbon market (VCM), according to a roadmap published Wednesday by UN climate finance envoy Mark Carney’s private-sector taskforce.
Categories: Around The Web
California adds to DEBs supply as nearly 1 mln new credits issued
California minted just shy of 1 million new compliance offsets during its second issuance of the year, with an Oregon-based forestry project earning additional credits tagged as providing direct environmental benefits to the state (DEBs), according to data published by state regulator ARB on Wednesday.
Categories: Around The Web
Nova Scotia GHGs exceed cap in first year of carbon market, as 2021 auction dates published
Emissions output under Nova Scotia’s cap-and-trade programme in 2019 slightly overshot the initial allowance budget, while the provincial environment ministry on Wednesday set the auction dates and floor price for the scheme’s two permit sales this year.
Categories: Around The Web
EU Market: EUAs again recover from dip below €33 as oil gains lift markets
EUAs bounced back from below €33 for the second straight session on Wednesday, as a late hike in oil prices helped lift the energy complex, while data showed the number of new participants in the market continued to rise.
Categories: Around The Web
Shipping industry seeks gradual entry into EU carbon market
Expanding the scope of the EU ETS to bring in shipping emissions will require a gradual adaptation period for shipowners to get used to the new system, industry representatives said on Wednesday.
Categories: Around The Web
Elder European Commission EU ETS policymaker moves on
An elder European Commission policymaker credited with helping guide the development of the EU carbon market has moved on from the Directorate-General for Climate Action (DG CLIMA), Carbon Pulse has learned.
Categories: Around The Web
UPDATE – Biden issues raft of executive orders to signal new US climate agenda
US President Joe Biden (D) issued a suite of climate-related executive orders on Wednesday including directing a speedy revision of the nation’s Paris Agreement NDC this spring, an effort to jump start his environmental agenda amid a closely divided Congress.
Categories: Around The Web
NZ Market: NZUs reach new high ahead of critical time for carbon market
New Zealand carbon allowances edged up in Wednesday trade to reach a new all-time high, as traders prepare for major policy and market developments in the weeks ahead.
Categories: Around The Web
CP Daily: Tuesday January 26, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
World’s compliance carbon markets increased 19% in value to $279 bln in 2020 -report
Global compliance-based carbon markets increased in value by nearly a fifth in 2020 to €229 billion ($279 bln), according to analysts at Refinitiv, flagging a fourth consecutive annual rise and a fivefold jump within three years as the programmes shrugged off the effects of the COVID-19 pandemic.
Categories: Around The Web
Virginia court rejects state’s motion to dismiss RGGI regulation challenge
A court rejected the Virginia Attorney General's motion to dismiss an industry lawsuit challenging the state’s RGGI-linked cap-and-trade programme, an government spokesperson confirmed to Carbon Pulse on Tuesday.
Categories: Around The Web
ANALYSIS: Alberta offset forward prices reach new heights, though oversupply worries loom
Alberta compliance offset values are climbing for future deliveries as market participants seek narrow discounts to the rising CO2 price under the Technology Innovation and Emissions Reduction (TIER) regime, but some market participants fear the province’s shifting electricity profile could lessen demand in the coming years.
Categories: Around The Web
EU carbon prices may have already peaked for Q1, analysts warn
EU carbon prices may have already peaked for the quarter, analysts said, with January marking one of the months of 2021 with the largest year-on-year drop in new supply.
Categories: Around The Web
EU Market: EUAs stay above €33 after technical bounce
EUAs held above €33 on Tuesday in a choppy session that saw carbon weighed down by weaker gas before mounting a recovery on technical signals.
Categories: Around The Web
Russia approves carbon trading pilot in far-eastern outpost
Russia has approved a pilot carbon trading scheme for its gas-rich Sakhalin island, a rare sign of climate action for the world's fourth biggest emitter amid looming pressure from proposed EU border measures.
Categories: Around The Web
Policy Associate/Analyst, IETA – Toronto
IETA is looking for a Policy Associate/Analyst to join its Toronto-based team, a critical policy role within IETA that could span across regional and global thematic Working Group activities.
Categories: Around The Web
Exchange operator CME to launch CORSIA-aligned carbon offset futures contract
US-based exchange operator CME Group has partnered with commodities trading and data firm Xpansiv and will launch a futures contract for offsets eligible under the CORSIA international aviation carbon credit programme, the companies announced Tuesday.
Categories: Around The Web
Utah legislature continues to weigh funding for a challenge to California’s climate policies
A law firm is working with the Utah state legislature on whether to allocate nearly $1.7 million for a legal challenge this year against California’s cap-and-trade programme and emissions performance standard (EPS), a partner at the company told Carbon Pulse.
Categories: Around The Web