Carbon Pulse

Japan’s cabinet on Tuesday cleared the way for a working group to set out a carbon pricing path for the country, but put the business-friendly Ministry of Energy, Trade, and Industry (METI) in charge of the process, relegating the environment ministry to observer status.

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

Offset prices in the voluntary carbon market (VCM) receded last week despite a positive outlook going forward after new US President Joe Biden (D) issued several climate-related executive orders.

Investing in conservation and land management programmes can sequester nearly one-third of the carbon necessary to keep temperatures in line with the Paris Agreement’s 1.5C target, with carbon markets seen as an important component in realising this goal, according to a report published Monday.

EUAs tumbled back towards €33 on Monday as gas prices again weakened and observers warned of pressure from the upcoming auction resumption.

California fuel consumption dropped in November as coronavirus cases surged over the month and led to more stringent statewide restrictions to slow the spread, according to US Energy Information Administration (EIA) data.

EU foreign ministers on Monday adopted a new climate diplomacy agenda for the 27-nation bloc which acknowledged the role of national and international carbon markets.

EU gas-fired power generation slipped 4% year-on-year in 2020 while coal power output fell 20% as renewables eclipsed ETS-covered fossil generation for the first time, a report showed on Monday.

China has approved the setting up of a futures exchange in Guangzhou, moving closer to a carbon futures market as provincial officials in Guangdong are keen for the bourse to establish itself as an emissions trading hub spanning Hong Kong and Macao.

The EPA is looking for a Senior Analyst to provide high quality multi-disciplinary analysis, advisory and implementation services that support the business as usual operations and change initiatives relating to the Emissions Trading Scheme and the New Zealand Emission Trading Register

The trading analyst will support the Fuels and Carbon Trading Manager to source LPG from domestic producers and imports and manage the carbon liability of the business.

The Program Manager will help build a strategic vision for the pursuit of globally-significant nature-based solutions to change.

Biodiverse Carbon is looking for a motivated Reforestation Carbon Project Officer to support the development of new large-scale reforestation carbon programs.

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

Speculators increased their California Carbon Allowance (CCA) holdings as compliance entities cut their position for the sixth consecutive week, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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 developments in New Mexico, Washington, and Montana.

The coronavirus pandemic will continue to limit WCI cap-and-trade emissions throughout 2021, while the Northeast US RGGI scheme could see prior GHG trends return by mid-year, analysts said Friday.

EU foreign ministers could next week back Denmark's call for the creation of a global alliance to phase out coal-fired power and fossil fuel subsidies, diplomats told Carbon Pulse on Friday, while the US gets set to announce a climate leaders' summit in April.

EUAs inched higher above €34 on Friday as gas prices again provided a boost, with traders questioning whether more gains are possible ahead of next week's resumption of daily auctions.

These positions are exciting roles in a growing team. While the evolving nature of the team’s work means that exact allocations may change, the individual can expect to lead on key policy issues like decarbonising buildings, businesses and industry, including energy efficiency, heat pumps, hydrogen and carbon capture and storage.