Carbon Pulse

Voluntary emissions reduction (VER) prices trended in opposite directions this week for different exchange-traded product categories, while Xpansiv market CBL’s Core-GEO (C-GEO) contract saw its first activity after its mid-week launch.

US GHG output bounced back last year amid the economic recovery from the earlier waves of the COVID-19 pandemic, taking emissions further away from the country’s enhanced Paris Agreement target, according to a report published Monday.

Pennsylvania Governor Tom Wolf (D) on Monday disapproved and returned a resolution to block the state’s RGGI-aligned cap-and-trade regulation, arguing the General Assembly failed to act on the document in time and that the rulemaking should go into effect.

COP26 President-Designate Alok Sharma touted the UK’s strong delivery of the UN Glasgow climate talks on Monday, but was forced to defend his government's credibility on domestic climate action amid lawmaker doubts about how well measures are coordinated across departments.

As the Senior Environmental Planner, Cap and Invest Program and EITEs, you will be an important member of the team working to ensure the success of this program.  We are looking for someone who will be an expert on carbon markets, the cap and invest program, and emissions-intensive, trade-exposed industries.

Persistently high energy prices risk leading to unsustainable inflation that may push the European Central Bank (ECB) to raise its initial forecasts, ECB board member Isabel Schnabel said on Saturday, stressing that the bloc's climate policies likely mean high energy values will linger or even increase further.

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.

The price of carbon offsets will surge over the next few decades to $47-120 per tonne by 2050, up from around $2.50 in 2020, according to report from an energy research firm released on Monday.

EU Allowance prices slumped in thin trade, as daily auctions resumed on a weak note amid lower energy prices. 

China’s carbon market has considerable room for rising prices in this decade, though there is also a risk the value of CO2 allowances might stagnate depending on the market’s regulatory settings, according to analysts.

This role will be accountable for setting the bank's climate strategy and commitments with respect to Financed Emissions, Sustainability Funding Target and Green Opportunities.

The Senior Adviser (Carbon Neutral Programme) within Strategy and Planningwill support, plan and deliver initiatives within MPI's Carbon Neutral Programme strategy and the SLT's priorities internally and externally.

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

Only political intervention can stop EU carbon allowances from moving higher, an analyst warned Friday, predicting that prices would average €100 over the next two years.

Financial players increased their net long California Carbon Allowance (CCA) position over the New Years’ holiday, while compliance entities shaved their net short, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Verra is looking for a Manager, Sustainable Development Innovations, to support the strategy and evolution of Verra’s Sustainable Development Programs.

With the rapid growth in carbon markets and the expansion of Verra’s standards programs, Verra is seeking an Editor to support the organization’s communications activities.

Airbnb’s Sustainability team is looking for a talented and passionate new team member to focus on developing and executing strategies to meet the company’s sustainability goals including investments in natural climate solutions, forest conservation and restoration, and carbon offset projects.

Washington state may try to increase the chances of linking its forthcoming carbon market with California by either adjusting components of the programme itself or getting the Golden State to do so for its regulation, a key legislative proponent of the scheme said Friday.

The California-Quebec cap-and-trade system logged a new high for excess allowances and offsets during the fourth quarter of 2021 after emitters met their compliance obligations for the third trading period of the linked market, according to WCI programme data published Friday.