Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 36 min 23 sec ago
Russia submits slightly higher Paris pledge that still allows for vast emissions growth
Russia became the 13th nation to submit a new NDC to the Paris Agreement on Wednesday, with the world’s fourth largest emitter confirming a decree signed earlier this month.
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*Forest Carbon Innovations Manager, Verra – Washington DC
*PREMIUM LISTING (viewable by non-subscribers) – Verra is looking for a Manager, Forest Carbon Innovations, to lead our work in identifying and conceptualizing new standards, tools and programs for supporting forest-related activities that generate climate and other environmental and social benefits.
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*Senior Program Officer, Verra – Washington DC
*PREMIUM LISTING (viewable by non-subscribers) – Verra is looking for a Senior Program Officer to support its work to foster climate impact and generate related environmental and social benefits in the agriculture sector through our VCS Program and other emerging standards, tools and programs.
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US company launches personal carbon offset service from $10/tonne
A Colorado-based company announced a new service this week for consumers to buy voluntary carbon credits to offset their own emissions or those of others, with the initial product offerings coming from a handful of forestry projects.
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EU Midday Market Briefing
EUAs neared €28 on Wednesday to continue this week's upward move as wider financial markets rose on prospects for a smooth US presidential transition and COVID-19 vaccine progress, while data showed investors continued to pile into the EU ETS ahead of the looming supply drought.
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EU nations lay groundwork on 2030 climate goal ahead of key summit
EU delegations have begun work on the conclusions of a key EU summit on Dec. 10-11 where the 27-nation bloc’s leaders could agree a higher 2030 GHG reductions target, although some hurdles remain.
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Regulator data shows strong growth from low base for Australia’s voluntary market
Voluntary cancellations of Australian carbon credits in Q3 was 63% higher than in the same period last year, though numbers remain modest amid competition from international units and renewable energy credits.
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CP Daily: Tuesday November 24, 2020
A daily summary of our news plus bite-sized updates from around the world.
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WCI Q4 current vintage auction sells out at steep discount to secondary market
Last week’s WCI current vintage auction sold out for the first time since February, but the settlement was beneath traders’ expectations as compliance entities purchased fewer allowances than the prior sale, according to results released Tuesday afternoon.
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Climate Change Policy Officer, Department of Environment, Victoria State Government – Melbourne
The successful applicant will work in a multi-disciplinary team to deliver analysis of Victoria's greenhouse gas emissions; provide robust and effective policy advice; and prepare papers, reports, briefings and correspondence. In particular, the role will include the development of an annual greenhouse gas emissions report for Victoria, based on data from the national greenhouse gas inventory.
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Principal Manager, Air & Climate Policy, Southern California Edison – Rosemead, California
In this job, you’ll develop air quality and climate change policy positions with a particular focus on transportation and building electrification. You will also lead cross-functional Southern California Edison (SCE) project teams on air and climate regulatory policy, as well as partner engagement and direct leadership of a regulatory team.
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Rising CO2 price could accomplish half of Canada’s 2050 net zero goal -report
Canada could reach its 2030 and 2050 emissions reduction goals by increasing its carbon price over the next two decades, with the country achieving more abatement if it phases out its output-based pricing system, a report said Tuesday.
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EU confirms strong warming effects of aviation beyond CO2, urges caution
The non-CO2 climate impacts from aviation are at least as important as those of CO2 alone, according to fresh analysis published by the European Commission on Tuesday, which has angered campaigners by recommending waiting years to take any action.
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ANALYSIS: Analysts reinforce bullish EU carbon price outlooks on auction delay
Analysts have reinforced their bullish outlooks for EU carbon prices in the coming months following news last week that the start of next year’s allowance auctions would be delayed.
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EU Market: EUAs break through technical resistance as markets react to Biden transition
EU carbon allowances rose for the third straight session on Tuesday as bullish sentiment about a smooth transition of presidential power in the US lifted wider markets, with an upcoming supply drought also helping EUAs bust through a technical ceiling to notch their highest close in two months.
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TCI could finish carbon market framework by mid-December, as new polling shows opposition
The TCI consortium is expected to release a final Memorandum of Understanding (MOU) by mid-December that would allow participating US jurisdictions to advance the proposed transport cap-and-trade programme next year, while new polling shows public opposition to the scheme.
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RFS Market: RIN prices slide in holiday-shortened week
US biofuel credit (RIN) values fell towards a three-week low on Tuesday, while biofuel and agriculture groups called on a federal court to force the EPA to address an improper waiver given out under the Renewable Fuel Standard (RFS) several years ago.
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Utility Enel to cut CO2 by nearly a third over next 3 years, plans earlier coal phaseout
Italy-based utility Enel unveiled plans on Tuesday to cut its emissions by 30% over the next three years and to bring forward its coal phaseout date by three years to 2027.
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Australia Market Roundup: Victoria announces carbon sequestration cash, ERF delivery holds steady
The Victoria state government on Tuesday announced A$92 million ($68 mln) over 16 years for a land-based carbon sequestration programme, while new Clean Energy Regulator data shows developers continue to sell well over a million offsets per month to the federal government.
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Denmark excludes increased carbon levy in ‘green’ taxation reform
The Danish government has backed down on moves to increase its carbon tax, with the measure excluded from reform proposals presented late Monday following months of debate among ministers.
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