Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 51 min ago
California speculators cut carbon position by largest amount since May ahead of Q4 auction
Financial players cut their California Carbon Allowance (CCA) holdings before this week's WCI auction as prices dropped on the secondary market, while regulated entities kept their position roughly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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EU Market: EUAs rebound for 1.8% weekly rise on auction delay, Brexit caution
EUAs climbed to hit €27 on Friday, reversing some of the declines of the previous two sessions, with buyers inspired by a strong auction result as they braced for a potential Brexit deal and an extended period without auctions.
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Two CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO's Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
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California’s IEMAC targets December meeting for 2020 cap-and-trade recommendations
A California watchdog group plans to hold a mid-December meeting on its recommendations for the WCI-linked cap-and-trade programme, including possible automatic supply triggers to address growing concerns about the scheme's allowance surplus, regulatory sources told Carbon Pulse.
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ANALYSIS: EU budget delay imperils year-end deal to increase 2030 climate goal
The EU’s failure to conclude negotiations on a budget and stimulus package this week could derail efforts to agree an increase the bloc’s 2030 emissions target by year-end, though experts say that lawmakers increasingly linking the two issues could smoothen their passage.
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TCI price cap could limit emissions reductions from cap-and-trade programme -study
An allowance price cap in the proposed Transportation and Climate Initiative (TCI) carbon market may restrain member jurisdictions from reaching the regional US programme’s overarching GHG reduction goal, according to a study published Thursday.
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Exemptions cancel out stricter benchmark in new China ETS allocation plan
China's environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.
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Manager, US Forestry Operations (Carbon), NewForests – San Francisco/Remotely
New Forests (www.newforests.com.au) seeks a motivated and experienced person for the Manager, US Forestry Operations (Carbon) position. In this role you will support the Director, Operations in the management of Forest Carbon Partners, a portfolio of US forestry carbon projects, for targeted financial returns and measurable climate impact.
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CN Markets: Pilot market data for week ending Nov. 20, 2020
Closing prices, ranges and volumes for China's regional pilot carbon markets this week.
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China should ban new coal plants, aim for $30/t carbon price -report
China needs to immediately halt construction of new coal-fired power plants and aim for a 200 yuan ($30) per tonne price of carbon in its emissions trading scheme to get on track to meeting its target of reaching net zero emissions by 2060, according to a report released Friday.
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CP Daily: Thursday November 19, 2020
A daily summary of our news plus bite-sized updates from around the world.
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NA Markets: RGGI bull run continues on post-2020 outlook, CCAs dip ahead of auction results
RGGI Allowance (RGA) prices inched up on the secondary market this week on bullish outlooks for the post-2020 period, while California Carbon Allowance (CCA) values edged down slightly as traders await the results of the Q4 WCI auction.
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Global emissions far off track for 1.5C, even as US GHGs to plunge to 1983 levels this year -reports
Countries are progressing on their GHG reduction targets too slowly to reach net zero emissions by mid-century, even as the COVID-19 pandemic may inadvertently put the US on track to meet its previous Paris Agreement goals, according to two reports published Thursday.
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EU Market: EUAs slide 3% on slew of bearish pressures
EU carbon fell on Thursday on technical selling and profit-taking, as well as worries surrounding weaker fundamentals, policy disputes, and COVID-19, with EUA prices retreating further from a two-month high touched in the previous session.
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Canada puts forth legislation for five-year GHG budgets, 2050 net zero target
Canadian Environment Minister Jonathan Wilkinson introduced a long-awaited bill on Thursday to install five-year GHG reduction budgets and a mid-century commitment to net zero emissions, with the forthcoming 2030 target to serve as an update to the country’s Paris Agreement goal.
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Senior Economist, Climate Strategy (Europe), Vivid Economics – London/Amsterdam
We have an exciting portfolio of projects, ranging from supporting the design and implement climate policies across the world, helping financial institutions set and meet climate commitments and providing corporates with leading strategic advice on carbon markets and climate issues. To continue this growth, we are currently recruiting for a Senior Economist with expertise and a track record in climate strategy and sustainable finance.
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Engagement Manager, Climate Strategy (Europe), Vivid Economics – London/Amsterdam
We have an exciting portfolio of projects, ranging from supporting the design and implement climate policies across the world, helping financial institutions set and meet climate commitments and providing corporates with leading strategic advice on carbon markets and climate issues. To continue this growth, we are currently recruiting for an Engagement Manager with strong expertise and a significant track record in climate strategy and sustainable finance.
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EU to launch smaller second call for ETS Innovation Fund projects
The European Commission plans to launch a second call for projects under the Innovation Fund on Dec. 1, with just a tenth of the cash that was made available during the first.
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Vietnam legislates domestic emissions trading scheme
Vietnam’s National Assembly this week passed a revised environmental law, which included provisions to set up a domestic emissions trading market.
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CP Daily: Wednesday November 18, 2020
A daily summary of our news plus bite-sized updates from around the world.
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