Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 40 min ago
First Swiss aviation carbon allowance auction sells out
The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.
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Queensland government carbon fund reveals auction winners
Two project developers have secured more than two-thirds of the funds from the Queensland government Land Restoration Fund’s first investment round.
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UK confirms plans to establish national carbon market from Jan. 2021
The UK will have its own ETS starting from January to replace the EU’s carbon market as the Brexit transition period comes to an end, the government confirmed Monday in a press release.
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Senior Emissions Trading Analyst, NZX – Wellington
NZX has created a new role to head up and develop its new emissions trading platform.
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Senior Carbon Consultant, Mott MacDonald – London
Our Built Environment team is seeking an experienced carbon consultant to join our advisory team in London, although other locations may be considered, to help grow our net zero service offerings to new and existing clients particularly in the healthcare and higher education sectors.
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China announces modest rise in near-term climate ambitions, saves real work for later
President Xi Jinping announced new, tougher 2030 targets for China’s climate change policy, though the adjustments to its previous Paris Agreement pledge were modest and did not include an absolute cap on greenhouse gas emissions.
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Climate Ambition Summit: UN chief musters world leaders to raise climate ambition
More than 70 world leaders are addressing the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.
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CP Daily: Friday December 11, 2020
A daily summary of our news plus bite-sized updates from around the world.
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California compliance adds to WCI position as speculators hold steady
Compliance entities increased their California Carbon Allowance (CCA) holdings this week, as speculators kept their positions firm amid rising secondary market prices, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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Wisconsin climate strategy recommends further analysis on CO2 pricing programmes, LCFS
Wisconsin should study the implementation of various carbon pricing and offset mechanisms, as well as a low-carbon fuel standard (LCFS) and measures to expand renewable fuel usage, according to a state climate report published this week.
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Carbon Markets Analyst, Pavilion Energy – Singapore
This position will be part of the front-office Global Portfolio Management and Origination team (GPMO) within Pavilion Energy. Pavilion Energy has taken the decisive step to integrate its core businesses relating to LNG and gas trading and marketing with its sustainability values and our carbon neutral ambitions.
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EU confirms Brexit-induced cuts to 2021 MSR withdrawals, aviation volumes
The European Commission detailed its expected MSR auction withdrawals and aviation allowance volumes for 2021 late on Friday, confirming an expected drop in both once the UK exits the scheme at year-end.
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Democrats urge Pennsylvania to advance RGGI as GOP opposition grows
Pennsylvania Democratic legislators and an environmental group lobbed support behind a proposed RGGI-modelled cap-and-trade regulation during the first of 10 virtual public hearings this week, while Republicans questioned the legality of the state’s actions, according to public comments.
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EU Market: EUAs hit new heights above €31 as leaders agree higher target
European carbon prices entered new territory on Friday, leaping above the €31.00 mark that had stood as the all-time high since 2006 as EU leaders agreed to tougher 2030 emissions targets.
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UPDATE – Canada to raise carbon price to C$170 by 2030, narrow Clean Fuel Standard scope
Canada will hike the CO2 price under its ‘backstop’ carbon pricing regime by C$15/tonne annually between 2023 and 2030, hitting C$170 ($133) by the end of the decade as the country rolls out new measures to overachieve on its Paris Agreement target, the government announced Friday.
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COMMENT: From 40% to 55% – what does the EU’s new emissions target mean for companies?
With the Green Deal, the EU is producing a regulatory storm that will stretch far into the future, deep into today’s profit models, and way beyond Europe’s borders. Companies should bring the Green Deal into the heart of their business in order to secure the competitive advantage of regulatory pre-alignment, argues Christiaan Gevers Deynoot of South Pole.
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Low interest repeats for Hubei’s second last-ditch auction
China’s Hubei province sold just over a third of the CO2 allowances on offer at its second auction this week, despite bidding being open to both emitters and financials.
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CN Markets: Pilot market data for week ending Dec. 11, 2020
Closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
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Global investors add momentum to net zero trend
A group of 30 global investors with over $9 trillion worth of assets under management on Friday vowed to support a reduction of GHG emissions to net zero by 2050 or sooner through their portfolios.
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EU leaders adopt upgraded 2030 climate target of at least 55%
EU heads of state and government early on Friday adopted the 27-nation bloc's upgraded 2030 emissions reduction target of at least 55% below 1990 levels, after a whole night of negotiations at the European Council to persuade Poland.
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