Carbon Pulse

This role will be focused on voluntary carbon offtake transactions, carbon neutral commodity transactions and other structured carbon-related transactions.

EUA prices slumped back from their record-breaking rally early on Thursday as options traders covered short call positions and unloaded EUAs purchased as a hedge against those positions, sources said.

Global commodity trader Trafigura has added to the growing hydrogen project pipeline in Australia with plans to develop a A$750 million ($540 mln) facility that will be integrated with a large smelter, the South Australian (SA) state government announced on Thursday.

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

California regulator ARB this week distributed the fewest number of new compliance offsets since April, as the number of credits in circulation plummeted as the agency accounted for cap-and-trade retirements from 2018-20.

Gaia Environment is looking to hire a junior carbon trader.

*PREMIUM LISTING - We are looking for an energetic, analytical and detail-oriented Manager, Carbon & Reforestation Portfolio to build out a best in class portfolio of carbon offset projects (with an emphasis on nature based carbon removals), manage and develop partnerships with reforestation and other nature based solution providers, and coordinate new project development. This position will report to the Director, Sustainable Carbon Programs.

Virginia Governor-Elect Glenn Youngkin (R) on Wednesday announced he will use executive authority to exit RGGI, sending allowance prices in the power sector cap-and-trade scheme tumbling.

EUA prices at record levels above €90 are unlikely to face a political backlash, trigger market intervention, or even cause most big-emitting industries much hardship, a conference heard on Wednesday from three analysts, who nonetheless expected ongoing carbon market volatility.

Green hydrogen is likely to get a major boost in the US if the Build Back Better (BBB) bill clears Congress, with new benefits for both climate and labour, though experts say demand-side policy is still lacking.

The director general of the World Trade Organisation (WTO) on Wednesday reiterated her assertion for developing a global price on carbon, noting ongoing collaboration on the issue with other international bodies as a way to curb policy fragmentation and trade frictions.

Senior EU Parliamentarians want shipping to be phased in to the bloc's ETS more quickly than proposed, the MEPs said this week as a study outlined the stiff challenge to decarbonise the sector. 

A major international trading house has added a former Shell employee to strengthen its carbon trading and originator desk in Singapore.

Allowing only correspondingly adjusted carbon credits to offset direct emissions was one of the ideas put forward by the Japanese government as a committee heavy in participants from the fossil fuels and finance sectors on Wednesday began work on designing “appropriate” use of offsets.

EUAs neared the €90 mark on Wednesday morning as financial and speculative traders continued to push the market higher, while energy markets posted robust gains as gas storage withdrawals continued at a faster pace.

South Korea on Wednesday sold around 80% of the carbon allowances on offer at its monthly auction, with government officials setting the clearing price below the lowest bid at a 6% discount to the secondary market.

China’s central government on Wednesday released guidelines urging local authorities to establish pilot trading markets for bamboo-backed carbon offsets.

The spot price for Australian carbon credits rose to yet another record high on Wednesday, while the Clean Energy Regulator’s latest issuance rounds included a batch of more than 50,000 units to one of the country’s superannuation funds.

Australian LNG player Woodside will spend $5 billion in “emerging new energy markets” by 2030 as it seeks to position the oil and gas company to support the decarbonisation goals of its customers, CEO Meg O’Neill announced in an investor update on Wednesday.

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