Carbon Pulse

EUAs tumbled below €30 early on Monday as financial markets buckled on fears about a mutating coronavirus strain, even as US lawmakers struck a long-awaited stimulus deal.

Australia's Clean Energy Regulator has issued 320,000 carbon credits in its latest awards round, while also extending baseline determinations for dozens of facilities due to COVID-19 interruptions.

This is a key position with responsibility for effectively servicing clients and projects with a focus on carbon, energy and environment related engagements.

Prices for HFCs in the EU have tumbled from their 2018 peak amid a rise in less potent and more climate-friendly alternatives, though part of the reason for this is also likely to be more illegal imports of the greenhouse gas into the bloc.

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

MEPs are grappling with how quickly to withdraw free carbon allowances from EU heavy industries under a proposed carbon border levy, while ex-officials warn of a potential diplomatic furore ahead.

Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.

As Director or Vice President of Sales (depending on prior experience), your initial responsibilities will include sales and marketing functions related to Bluesource’s voluntary carbon market business, including identification and acquisition of new customers, client engagement, development and implementation of marketing strategies and negotiation of sales agreements.

Compliance entities and speculators slashed California Carbon Allowance (CCA) futures holdings this week, as traders largely focused on moving positions further out on the curve ahead of the December expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

California and Quebec’s first post-2020 carbon auction will feature 54.8 million current vintage allowances, marking a decline from the Q4 sale largely due to lower consignment, according to an auction notice published Friday.

The Canadian government on Friday released draft regulations to implement a Clean Fuel Standard (CFS), roughly a week after Prime Minister Justin Trudeau’s administration announced plans to trim the scope of the programme.

EUAs slipped below €31 on Friday amid sliding energy and equity prices, with carbon continuing its retreat from this week's record high despite a supply shortage.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Tianjin has released the 2020 allocation plan for its municipal emissions trading market, tightening settings for local emitters and likely becoming the third region to ensure its local coal-fired power plant will be exempted from the national market in 2020.

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

An annual decarbonisation rate of 11.7% is now needed to keep global warming below 1.5C, representing more than five times the 2.4% reduction level reached before the pandemic, according to a report published on Friday.

International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.

RGGI allowances surged this week on aggressive buying from a compliance entity as California Carbon Allowance (CCA) prices inched up with participants looking to shift positions further out on the curve.

So it’s official – the UK will launch its own emissions trading system in 2021. Of course, it won’t actually begin on January 1, as the Department for Business, Energy and Industrial Strategy – the regulator – has yet to work out what the free allocations should be, how many UK Allowances (are we OK with UKA as an abbreviation?) will be auctioned, etc etc. But we know a few things...

EUAs held around €32 on Thursday, ending a four-day streak of setting new records with traders questioning whether carbon's massive six-week rally could withstand a larger bout of profit-taking.