Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 37 min ago
Deputy Head, Strive – Madrid
We are hiring a Deputy Director of Strive. In that role, you’ll be working closely together with the Head of Strive to lead the division. You’ll join a highly experienced, motivated and growing team and help lead them to greater impact.
Categories: Around The Web
Senior Sales Trader, SCB Group – Chicago
We are looking for an ambitious and experienced applicant, who shares our mission of a low carbon future, to join our Carbon Desk. The chosen applicant will be responsible for starting up a desk in Chicago, for growing SCB’s presence, developing new business relationships and revenue streams within voluntary carbon markets in North America.
Categories: Around The Web
Financial services company acquires US consultancy Emission Advisors
A hedging management firm announced on Wednesday it has acquired Houston-based environmental credit brokerage and consultancy Emission Advisors, continuing the trend of consolidation and mergers in the booming carbon trading industry.
Categories: Around The Web
LCFS Market: California prices regain $150 as some see further increases ahead
California Low Carbon Fuel Standard (LCFS) credit values bubbled up over the year-end stretch to reach $150 this week, as some traders thought renewable diesel capacity problems and compliance buying could push prices higher in the near future.
Categories: Around The Web
Kazakhstan energy price uprising risks another blow to carbon pricing
Unprecedented protests in Kazakhstan over a gas price hike this week have seen the government quickly roll back energy policy reforms, endangering the development of one of the region’s carbon markets in a further example of the political challenges of the clean energy transition.
Categories: Around The Web
MARC(U) MY WORD: Key issues in EU ETS review
Observers and stakeholders generally agree that the revision to the EU ETS needs to ensure that the transition results in a prosperous and decarbonised, but not deindustrialised Europe.
Categories: Around The Web
Key EU lawmaker seeks quicker introduction of carbon border measures
The EU's proposed Carbon Border Adjustment Mechanism (CBAM) should fully replace free EUA allocations by no later than 2028 if the bloc is serious about meeting its 2030 climate goals, the European Parliament's lead lawmaker on the issue said in a draft report on Wednesday.
Categories: Around The Web
Euro Markets: Midday Update
EU carbon prices maintained their upward trajectory in light trading on Wednesday morning amid mixed energy markets.
Categories: Around The Web
CP Daily: Tuesday January 4, 2022
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
VCM Report: VER issuances, retirements end year 65-70% higher over 2020 levels
Issuances and retirements of voluntary emissions reductions (VERs) skyrocketed over the course of 2021 from the four main carbon credit registries, as escalating demand in the voluntary carbon market (VCM) drove offset prices to continuous new records that held mostly steady over the holiday break.
Categories: Around The Web
Papua New Guinea approved by ART for national REDD concept
The Architecture for REDD+ Transactions (ART) programme has approved a listing from Papua New Guinea to generate carbon credits, with the South Pacific nation proposing to deduct emissions reductions from individual deforestation reduction projects as part of the initiative.
Categories: Around The Web
Carbon offset project development ripe for market consolidation -report
Deals struck in 2021 between carbon offset project developers and large financiers highlight the potential for voluntary carbon market supply consolidation, a trend that also risks leaving hundreds of smaller project developers on the sidelines as the industry rushes to fill a projected surge in demand.
Categories: Around The Web
Carbon border schemes face multiple real-world hurdles -researchers
Border carbon adjustments risk being imperilled amid a raft of legal and implementation constraints that could undermine any climate benefits, researchers warned in a paper published this week.
Categories: Around The Web
Producers slash CCA short position, speculators cut net long after Dec-21 expiry
Regulated entities in the WCI cap-and-trade programme saw their net California Carbon Allowance (CCA) short position more than halve last week as the Dec-21 expiry occurred, while financial players saw their net length crater to a 6.5-month low, according to US Commodity Futures Trading Commission (CFTC) data published Monday.
Categories: Around The Web
Speculators dominate new California-registered WCI accounts in Q4
The number of California-registered Compliance Instrument Tracking System Service (CITSS) accounts hit another all-time high during Q4 2021, with investment management firms and other speculators continuing to pour into the linked WCI carbon market, according data from state regulator ARB.
Categories: Around The Web
UK’s Cost Containment Mechanism triggered for second month after December no-show
The UK ETS Authority will meet again this month to consider whether to add more UK Allowances to the market after prices exceeded the threshold for intervention for a second month in December, though the scheme's Cost Containment Mechanism (CCM) will not be triggered in either February or March after last month's average price fell below required levels.
Categories: Around The Web
Euro Markets: Midday Update
EUAs kicked off the new year on a strong note, with the benchmark contract adding as much as 7.2% since the end of 2021 as traders began building positions and sellers were scarce, while energy prices were sharply higher.
Categories: Around The Web
CN Markets: Most Chinese companies meet ETS deadline amid late price spike
Allowance prices in China’s national carbon market rose to nearly $10 amid a flurry of trading activity in the last week of the year, which eventually saw 99.5% of market participants meet their compliance deadline for 2019 and 2020.
Categories: Around The Web
EU prepares for some gas and nuclear investments to be labelled as green
The European Commission is sticking to its long-touted plan to enable some gas and nuclear power investments to be classified as sustainable, according to proposals it circulated among member states over the last week that have prompted anger from environmentalists.
Categories: Around The Web
CP Daily: Thursday December 23, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web